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Flexible batteries are batteries, both primary and secondary, that are designed to be conformal and flexible and rechargeable, unlike traditional rigid and non-chargeable batteries. The increasing interest in portable and flexible electronics has led to the development of chargeable flexible batteries which can be implemented in products such as smart cards, wearable electronics, novelty packaging, flexible displays and transdermal drug delivery patches.
The main production regions are Europe, Japan, Korea and Taiwan, which account for 10.59%, 25.03%, 54.38% and 10.00% market share respectively in 2018. The main driver factor is the growing demand for wearable devices. Asia Pacific is the largest consumption region due to the major wearable devices is produce in China, Korea and Southeast Asia. In the future, China will be the largest demand country of chargeable flexible battery in the world
The global chargeable flexible battery industry is characterized by several large international manufactures. Therefore, the market share concentration is high. The two largest manufactures account for about 50.27% of total industry revenue in 2017, the key market players include LG Chem, Panasonic, Samsung SDI, ProLogium, STMicroelectronics and Others
The worldwide market for chargeable flexible battery is expected to grow at a CAGR of roughly 37.0% over the next five years, will reach $220 million in 2024, from $45 million in 2019, according to a new GIR (Global Info Research) study.