Thin Film Battery Market to hit $6.5 Bn by 2032, Predicts Global Market Insights Inc.
Major thin film battery market participants are BrightVolt Solid State Batteries, Prieto Battery Inc, ITEN, Ion Storage Systems, Imprint Energy, Jenax Inc., Johnson Energy Storage, Inc., Ilika Ltd., STMicroelectronics, and Enfucell Flexible Electronics LTD, among others.
Selbyville, Delaware, April 05, 2023 (GLOBE NEWSWIRE) —
Thin Film Battery Market is expected to cross a valuation of USD 6.5 billion by 2032, according to the
Increasing espousal of medical devices to strengthen North America industry
The North America thin film battery market captured 30% of the overall business share in 2022. Rising necessity of medical devices and portable electronics, fueled by growing interest remote working and increasing disposable income, has escalated the demand for thin film batteries. Countries across the region are also making strong investments towards their healthcare infrastructure to make it pandemic proof in the future. This is creating a re-invigorated demand for advanced medical devices and thin film batteries by extension.
As per the US International Trade Administration, Canada’s medical devices sector was valued at more than USD 6.5 billion in 2022 with projections expecting it to report CAGR over 2% by 2026.
Investment rounds to define the industry’s competitive landscape
Some of the top thin film battery manufacturers are BrightVolt Solid State Batteries, Prieto Battery Inc, ITEN, Ion Storage Systems, Imprint Energy, Jenax Inc., Johnson Energy Storage, Inc., Ilika Ltd., STMicroelectronics, and Enfucell Flexible Electronics LTD, among others. Many of these players are increasingly turning to raising investments to scale their R&D initiatives and bring forth new product innovations.
Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Thin film battery industry 3600 synopsis, 2019 – 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Thin Film Battery Industry Insights
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Increased spending on Consumer Products
3.3.1.2 Longer cycle life
3.3.1.3 Low self-discharge rate
3.3.2 Industry pitfalls & challenges
3.3.2.1 High initial cost
3.4 Growth potential analysis
3.5 Porter’s Analysis
3.6 PESTEL Analysis
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