At 21.1% CAGR, Europe Thin film and Printed Battery Market is Projected to be Worth US$ 216.38 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe thin film and printed battery market was valued at US$ 46.80 million in 2023 and is expected to reach US$ 216.38 million by 2031, registering a CAGR of 21.1% from 2023 to 2031. Expansion of healthcare industry and rising demand for wearable devices are among the critical factors attributed to drive the Europe thin film and printed battery market growth.

The thin film and printed batteries are ready to enter a new era with the advent of solid-state lithium technology, which allows for increased energy density in smaller form factors. This breakthrough in battery technology presents significant opportunities for the MedTech industry, enabling the development of smaller and more ergonomic product designs. The implications of this advancement are profound, particularly in the convergence of wearables and over-the-counter (OTC) hearing aids, as well as the creation of wearable devices for fitness tracking and remote health monitoring. These advancements have the potential to revolutionize the MedTech industry, enhancing product capabilities and improving user experiences. Thus, the growing need for thin film batteries for the production of medical devices is expected to offer lucrative opportunities to the Europe thin film and printed battery market worldwide.

On the contrary, the high cost of implementation hampers the growth of Europe thin film and printed battery market.

By voltage rating, the Europe thin film and printed battery market is segmented into below 1.5 V, 1.5-3 V, and above 3 V. The below 1.5 V segment held 36.4% share of Europe thin film and printed battery market share in 2023, amassing US$ 17.04 million. It is projected to garner US$ 73.84 million by 2031 to register 20.1% CAGR during 2023–2031.

In terms of chargeability, the Europe thin film and printed battery market is bifurcated into rechargeable and single-use. The rechargeable segment held 63.6% share of Europe thin film and printed battery market share in 2023, amassing US$ 29.76 million. It is projected to garner US$ 143.20 million by 2031 to register 21.7% CAGR during 2023–2031.

Based on application, the Europe thin film and printed battery market is consumer electronics, medical devices, smart packaging, smart cards, wireless sensors, and others. The consumer electronics segment held 31.6% share of Europe thin film and printed battery market share in 2023, amassing US$ 14.79 million. It is projected to garner US$ 68.94 million by 2031 to register 21.2% CAGR during 2023–2031.

Based on country, the Europe thin film and printed battery market is categorized into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 27.4% share of Europe thin film and printed battery market in 2023. It was assessed at US$ 12.84 million in 2023 and is likely to hit US$ 66.27 million by 2031, registering a CAGR of 22.8% during 2023–2031.

Key players operating in the Europe thin film and printed battery market are Enfucell Flexible Electronics Ltd, Ilika plc, Molex LLC, RENATA SA, Samsung SDI Co Ltd, STMicroelectronics NV, Ultralife Corp, and Varta AG, among others.

• In 2024: Nordic Semiconductor and Renata SA, a global manufacturer and supplier of battery solutions, have announced a partnership enabling customers to select Li-Poly batteries that have already been profiled to operate with the nPM1300 Power Management IC's (PMIC) highly accurate fuel gauge. This circumvents the battery profiling stage, saves design time at the product development stage, and accelerates time-to-market.

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