According to a market research analysis published by Facts and Factors, the global flexible secondary rechargeable battery market is expected to increase at a CAGR of approximately 22.5 percent between 2021 and 2026. The market generated USD 35.8 million in sales revenue in 2020 and is predicted to reach USD 121.8 million in 2026.
A flexible battery enables electrical products to be more adaptable and portable. When standard batteries are replaced with flexible batteries, the product’s longevity, efficiency, and weight all improve. Smart cards, flexible displays, wearable electronics, and creative packaging all make use of these. Flexible batteries provide a lot of advantages, including their environmental friendliness and portability.
The global flexible secondary rechargeable battery market is being spurred forward by the increasing need for thin and flexible batteries in electronic devices, as well as the continued shrinkage of electronic products. Additionally, large enterprises are increasing their research and development activities, which contributes to growth. However, hefty investment requirements and a lack of appropriate regulations governing the development of flexible batteries have stymied market expansion. Market growth is predicted to be driven by wearable electronics and the development of thin and flexible batteries for the Internet of Things.
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