PUBLISHER: The Business Research Company | PRODUCT CODE: 1923112
PUBLISHER: The Business Research Company | PRODUCT CODE: 1923112
Flexible batteries represent a category of battery technology engineered for versatility and adaptability concerning form factor and application. These batteries are distinguished by their capacity to flex, twist, or conform to various shapes while maintaining their functionality. This flexibility renders them suitable for deployment in diverse devices and scenarios where traditional rigid batteries would be impractical.
The primary types of flexible batteries include thin-film batteries and printed batteries. Thin-film batteries are low-profile, flexible, and often disposable, featuring a small footprint that makes them well-suited for applications in flat electronics, wearable devices, and medical biosensors. They are available in voltages below 1.5v, between 1.5v and 3v, and above 3v, with capacities ranging from below 10mAh to above 100mAh. These batteries serve as both primary and secondary options, catering to consumer electronics, smart packaging, smart cards, medical devices, wireless sensors, and various other applications.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on lithium, rare earth materials, and electronic components have increased production costs for flexible batteries, particularly impacting manufacturers relying on imported thin film materials and conductive inks. Regions such as Asia Pacific, which dominate component production, face the most supply chain disruptions. However, tariffs are encouraging companies to localize material sourcing, invest in sustainable alternatives, and enhance manufacturing efficiencies, resulting in potential long term innovation benefits for the flexible battery market.
The flexible batteries market research report is one of a series of new reports from The Business Research Company that provides flexible batteries market statistics, including flexible batteries industry global market size, regional shares, competitors with a flexible batteries market share, detailed flexible batteries market segments, market trends and opportunities, and any further data you may need to thrive in the flexible batteries industry. This flexible batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flexible batteries market size has grown exponentially in recent years. It will grow from $0.33 billion in 2025 to $0.41 billion in 2026 at a compound annual growth rate (CAGR) of 22.9%. The growth in the historic period can be attributed to emergence of wearable electronics, early commercialization of thin film batteries, rising demand for compact energy storage, growth in smart packaging adoption, increasing use of sensors in portable devices.
The flexible batteries market size is expected to see exponential growth in the next few years. It will grow to $0.92 billion in 2030 at a compound annual growth rate (CAGR) of 22.6%. The growth in the forecast period can be attributed to expanding wearable healthcare market, rising adoption of smart labels and cards, increasing integration of batteries in flexible electronics, growing demand for environmentally friendly energy storage, accelerating development of printed battery technologies. Major trends in the forecast period include increasing adoption of flexible power sources in wearables, growing demand for ultra thin and lightweight energy storage, rising use of flexible batteries in smart packaging solutions, expansion of medical grade flexible battery applications, increasing integration of printed and thin film batteries in iot devices.
The flexible batteries market is anticipated to experience significant growth, driven by the increasing adoption of wearable devices. Wearable devices, which are electronic gadgets worn on the user's body and connected to the internet for data collection and transmission, utilize flexible batteries to extend device battery life and ensure optimal performance and safety during repeated bending. In October 2023, the International Data Corporation reported a rise in global wearable shipments from 492,247,834 in 2022 to 519,839,947 in 2023, with an estimated projection of 625,399,055 by 2027, highlighting the substantial growth in the adoption of wearable devices and its positive impact on the flexible batteries market.
Key players in the flexible batteries market are concentrating on the development of innovative products with advanced features, exemplified by Evloflex, to better meet customer demand. EVLO Energy Storage Inc., a US-based energy storage company, unveiled its next-generation battery solution, Evloflex, in May 2023. This powerful and flexible battery storage system prioritizes efficiency, cost-effectiveness in firming renewable energy at scale, and enabling grid resilience. Constructed with a safety-centric approach, Evloflex utilizes lithium-iron phosphate (LFP) battery chemistry, incorporates state-of-the-art control and communication architecture, and boasts industry-leading safety features. The system is easily configurable, highly scalable, and equipped with a potent Energy Management System (EMS) for remote control and monitoring.
In June 2024, Ricardo, a U.K.-based strategic, environmental, and engineering consulting firm, partnered with InoBat to launch a new flexible battery module concept designed for low-volume performance automotive applications. Through this collaboration, Ricardo and InoBat aim to deliver advanced, customizable battery solutions that enhance performance, efficiency, and scalability for niche automotive manufacturers. InoBat is a Slovakia-based company specializing in the research, development, and production of innovative battery cells and energy storage solutions.
Major companies operating in the flexible batteries market are Panasonic Corporation, LG Chem Ltd., Samsung SDI Co., Ltd., ProLogium Technology Co., Ltd., Jenax Inc., Fullriver Battery Co., Ltd., Paper Battery Company, FlexEl Inc., PolyPlus Battery Company, ITEN Industry Co., Ltd., Blue Spark Technologies, Enfucell Ltd., Front Edge Technology, Ilika plc, Imprint Energy Inc., BrightVolt, Inc., Cymbet Corporation, Energy Diagnostics, Inc., Molex LLC, Murata Manufacturing Co., Ltd.
Asia-Pacific was the largest region in the flexible batteries market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible batteries market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the flexible batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The flexible batteries market consists of sales of micro-batteries, organic batteries, flexible lithium-ion batteries, and polymer batteries. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Flexible Batteries Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses flexible batteries market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for flexible batteries ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The flexible batteries market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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