Dublin, April 18, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research, a global Energy & Power market research firm, has published competitive intelligence and market research report on “Fibre Batteries Market”. The Fibre Batteries market size was valued at USD 64.5 Mn in 2022. The total Fibre Batteries Market revenue is expected to grow at a CAGR of 23 percent from 2022 to 2029, reaching USD 274.7 Mn during the forecast period.
| Market Size in 2022 | USD 64.5 Mn |
| Market Size in 2029 | USD 274.7 Mn |
| CAGR | 23 percent (2022-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 275 |
| No. of Tables | 125 |
| No. of Charts and Figures | 115 |
| Segment Covered | By Type, Rechargeability, Capacity, and End Use |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Fibre Batteries Market Scope and Research Methodology
The Fibre Batteries Market report includes the market size and growth rate along with a thorough regional analysis, competitive landscape and segment-wise analysis of the industry. Key insights provided by the report include the major drivers of the Fibre Batteries Market, the challenges faced by the market participants and growth prospects in the Fibre Batteries industry across the globe.
Regional analysis of the Fibre Batteries industry is conducted at country, regional and global level. This helps client gain insights into the market penetration of biopolymers by region along with factors affecting the same. Segment-wise analysis of the Fibre Batteries Market is conducted by Type, Rechargeability, Capacity, and End Use.
Data for the analysis was collected using primary and secondary research methods for Fibre Batteries Market report. The report is equipped with a competitive analysis of the Fibre Batteries Market players. Tools such as SWOT, PESTLE and Porter’s Five Force analysis were used for analysing the Fibre Batteries Market.
Fibre Batteries Market Overview
Fibre Batteries are thin batteries based on fibre that can be woven into items to create highly flexible and wearable electronics. Fibre batteries are a new variety of batteries and have low energy storage compared to conventional energy storage devices. The research team have been trying to fabricate these batteries with a different range of techniques and approaches.
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Adoption of Electric Vehicle to boost the demand for Fibre Batteries Market
Government incentives, regulations on emissions and improvement in battery technology are expected to boost the Fibre Batteries Market growth. Conventional lithium-ion batteries used in Electric Vehicles for safety concerns. Fibre batteries are environmentally friendly and can be recycled without containing harmful materials such as cobalt and nickel. The use of advanced technology such as Artificial Intelligence and 5G networks in healthcare organizations to provide the best care possible in real-time is expected to influence the Fibre Batteries Market growth. Advantages as compared to conventional batteries led to increase in the investment in the market.
Government policies to develop smart cities and smart electronic wearable is significantly contributing to the growth of the market. The use of batteries by the end users such as consumer electronics, and smart packaging has increased rapidly. Wider varieties of consumer electronics in the household sector is expected to influence the Fibre Batteries Market growth. Manufacturers are investing to provide a high-quality experience to consumers.
High cost of production and manufacturing is expected to hinder the Fibre Batteries Market growth. Lack of standardization related to research and development activities is expected to restrain market growth. Integration of batteries with IoT devices to communicate and exchange data with each other presents lucrative opportunities for the market.
Asia-Pacific region to dominate the Fibre Batteries Market over the forecast period
Asia-Pacific region dominated the Fibre Batteries Market with 44 percent of the total market share in 2022 and is expected to continue the dominance over the forecast period. Presence of several prominent manufacturers with increased demand for portable and wearable electronic devices is expected to fuel the regional market growth. China, Japan, South Korea, India, and Taiwan are major countries contributing for the growth of the Fibre Batteries Market. Initiatives by the government are promoting to adopt green technologies and a favourable business environment.
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North American region held 27 percent of the market share in 2022 with increase in demand for portable electronics and renewable energy storage solutions. European region held 20 percent of the total Fibre Batteries Market share in 2022 with increasing demand for energy-efficient products.
Fibre Batteries Market Segmentation
By Type:
- Thin-Film
- Printed
- Others
Based on type, Thin Film segment held the largest market accounting 35 percent of the total market share in 2022. Thin Film are a type of solid batteries used as an electrolyte with separate cathode and anode. These batteries are flexible, lightweight, and can be integrated into small devices.
By Rechargeability:
- Primary
- Secondary
Based on Rechargeability, Primary segment dominated the Fibre Batteries Market with 43 percent of the market share in 2022. These batteries are also known as non-rechargeable batteries. Primary batteries are used in various applications due to their low cost, and wide availability.
By Capacity:
- Below 10 mAh
- 10 mAh -100 mAh
- Above 100 mAh
By End Use:
- Consumer Electronics
- Smart Packaging
- Smart Cards
- Medical Devices
- Wireless Sensors
- Others
Based on End Use, Consumer Electronics segment dominated the Fibre Batteries Market in 2022 and is expected to continue the dominance over the forecast period. Increasing demand for fibre batteries in non-consumer electronics applications is expected to boost market growth.
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Fibre Batteries Market Key Players include:
- PowerOasis Ltd
- Infinite Power Solutions, Inc.
- ProLogium Technology Co., Ltd.
- Blue Solutions SA
- Prieto Battery, Inc.
- Cymbet Corporation
- Paper Battery Company, Inc.
- Ilika plc
- Cap-XX Limited
- NEI Corporation
- Excellatron Solid State, LLC
- Lionrock Batteries
- BrightVolt Inc.
- Nohm Technologies Inc.
- FlexEl LLC
- Front Edge Technology, Inc.
- Faradion Ltd.
- Jenax Inc.
- QinetiQ
- Ultralife Corporation
Key questions answered in the Fibre Batteries Market are:
- What are Fibre Batteries?
- What was the Fibre Batteries market size in 2022?
- What is the expected Fibre Batteries market size by 2029?
- What is the growth rate of the Fibre Batteries Market?
- Which are the factors expected to drive the Fibre Batteries market growth?
- Which segment dominated the Fibre Batteries market growth?
- What is the demand pattern for the Fibre Batteries market?
- Which region held the largest share in the Fibre Batteries market?
- Who are the key players in the Fibre Batteries market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Type, Rechargeability, Capacity, and End Use Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Energy & Power research firm, has also published the following reports:
Deep Cycle Batteries Market: The total market size is expected to reach USD 2.76 Bn by 2029 with a CAGR of 3.47 percent, during the forecast period. Rise in the need for off-grid power depository equipment is expected to boost market growth.
3D Printed Batteries Market: The total market size was valued at USD 26.08 Bn in 2022 and the total revenue is expected to grow at 19.2 percent from 2022 to 2029, reaching USD 89.20 Bn By 2029. Next-generation inventive 3D-printed energy buildings where batteries and super capacitors are expected to boost the market growth.
Next-Generation Batteries Market: The total market size is expected to reach USD 23.23 Bn by 2029, growing at a CAGR of 5.6 percent during the forecast period. Rising market of electric vehicles, focus on clean energy, and improving economics of battery storage system is expected to fuel the market growth.
Nano Batteries Market: The total market size was valued at USD 6.10 Bn in 2021 and is expected to reach USD 23.72 Bn by 2029 at a CAGR of about 18.5 percent during a forecast. Factors like longer battery lives and wider operating temperatures, less recharge time is expected to boost the market growth.
Absorbed Glass Mat (AGM) Separator Batteries Market: The total market size is expected to grow at a CAGR of 5.1 percent during the forecast period and is expected to reach USD 31.97 Bn by 2029. Increasing number of manufacturers are fortifying their product facilities is expected to boost the market growth.
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