NEW YORK, April 19, 2018 (GLOBE NEWSWIRE) -- The global flexible paper battery market is expected to grow significantly from USD 196.5 Million in 2017 to USD 1,692.9 Million in 2024 at a CAGR of 37.3%. Factors driving the global FPB market are increasing miniaturization of electronic devices, rising demand for ultra-thin, light weighted and flexible batteries in consumer electronics, and growing concerns towards zero ecological impact. Moreover, the eco-friendly nature of FPB and ease of applications in different industries is likely to fuel the demand.
FPB has been emerging as a sustainable and cost effective electronic device that can operate as a battery and a super capacitor as well. FPB are energy efficient batteries, rechargeable, and are easily available in different shapes and size. Therefore, is increasingly replacing other conventional batteries such as electro-chemical batteries. Furthermore, production of power from the bacteria present in sewage is an opportunity to the battery manufacturers. Within 10 seconds, power can be generated as some bacteria living in environments are lacking oxygen and export electrons through their respiration.
A FPB as a super capacitor drives the market exhibiting the highest growth rate over the forecast period
Paper like membrane in the FPB can be used to energize the wearable devices. In FPB super-capacitor refers to the devices that can hold certain amount of charge even if the supply voltage is not present. Paper battery consists of cellulose that is capable of storing high energy, while maintaining high power output. The electrode in the paper stores energy because the ions quickly flow through the thin electrode. Energy storage devices are normally judged on the property of energy density and cycling stability.
Flexible Paper Battery Market - Regional insight
Asia-Pacific is expected to be the fastest growing region for flexible paper battery market during the forecast period, owing to technological advancements and increasing innovations in consumer electronics and smart packaging as well as increasing popularity of wearable devices. However, APAC also witnessed to dominate the global FPB market, followed by Europe in coming years. This growth is attributed to the growing popularity of wireless devices, and advancement of packaging industry in this region.
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Key findings from the report:
- Based on chargeability segment, chargeable FPB holds the major share of the industry in 2017, and the trend is expected to continue over the forecast period
- Smart Packaging in FPB market is expected to dominate the market in 2018 and also might be the fastest growing application segment. This growth is attributed to the packing manufactures that are using an interactive media such as text and sound display which can also be termed as smart packaging to attract the sight of the consumer.
- Asia-Pacific held the largest share of the industry and is expected to continue its dominance over the forecast period. APAC region also witnessed to grow with a highest CAGR over the forecasted period 2018-2024.
- Some of the key companies operating in the FPB industry are Panasonic Corporation; STMicroelectronics; LG Chem.; Apple Inc.; Enfucell; Samsung SDI Co., Ltd.; Ultralife Corporation; Blue Spark Technologies; Brightvolt, Inc.; NEC Energy Solutions among others
The report segments the global flexible paper market on the basis of chargeability, product type, application, end-use industry, and region.
By Chargeability
- Chargeable Flexible Paper Battery
- Single Use Flexible Paper Battery
By Product Type
- Thin Film Lithium Battery and Printed Battery
- Laminar Lithium Polymer (Li-Po) Battery
- Advanced Lithium-Ion Battery
- Flexible Zinc Carbon Battery
- Others
By Application
- Wearable Electronics
- Portable Devices
- Medical and Cosmetics
- Entertainment (Toys, games)
- Wireless Communication
- Smart Card
- Smart Packaging
- Flexible Displays
- Others
By End-use Industry
- Consumer Electronics
- Healthcare
- Defense and Aerospace
- Transportation and Logistics
- Others
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Rest of the World (ROW)
- Middle East and Africa (MEA)
- South America
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