Flexible Battery Market Report 2025 (Global Edition)

Global Flexible Battery Market Report 2025 Market Size Split by Type (Thin-film Batteries, Printed Batteries ), by Application (Consumer Electronics, Smart Packaging, Smart Cards, Medical Devices, Wi...

Flexible Battery Market Report Description

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Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Competitive Landscape of the Flexible Battery Market

The flexible battery market is fiercely competitive, with major players dominating due to their extensive R&D investments and technological advancements. Emerging players are also making significant strides, focusing on innovations in thin-film and flexible battery technologies to capture market share amidst growing demand for wearable electronics and IoT devices.

Flexible Battery Industry News 

In August 2019, Imprint Energy announced the expanded availability of its ultrathin, safe, flexible printed batteries. These imprint batteries are suited for high-volume applications such as smart labels, medical patches, smart tags, pill bottle trackers, medicine-delivery pens, and others.

(Source: https://www.robotics247.com/article/imprint-energy-offers-flexible-batteries-for-high-volume-iot-applications/Medical)

Top Companies Market Share in Flexible Battery Industry: (In no particular order of Rank)

• Samsung SDI (South Korea)
• LG Chem (South Korea)
• Enfucell Oy Ltd. (Finland)
• Blue Spark Technologies (US)
• Apple
• Inc. (US)
• Panasonic Corporation (Japan)
• Ultralife Corporation (US)
• BrightVolt (US)
• Imprint Energy (US)
• Energy Diagnostics (UK)
• Prologium Technology Co. Ltd. (Taiwan)
• Molex (US)
• PolyPlus Battery Company (US)
• ITEN SA (France)
• Jenax (South Korea)
• Guangzhou Fullriver Battery New Technology Co. Ltd. (China)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Flexible Battery

Which Region will dominate the Flexible Battery market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to advanced technological infrastructure and the increasing adoption of wearable electronics, IoT devices, and smart textiles. Additionally, the presence of key players and ongoing research and development activities further stimulate market expansion in the region. With a robust ecosystem supporting innovation and entrepreneurship, North America remains a significant hub for the development and commercialization of flexible battery technologies, poised for continuous expansion in the coming years.

Which is Expanding at the Fastest CAGR?

Europe is the fastest-growing market due to advancements in wearable electronics and IoT devices. The increasing demand for lightweight and compact power sources in various applications such as medical devices, smart textiles, and consumer electronics is propelling market expansion. Additionally, favorable government initiatives promoting clean energy technologies are further boosting market growth. The European flexible battery market is to continue its upward trajectory, fueled by technological innovation and the adoption of portable electronic devices across diverse sectors.

The current report Scope analyzes Flexible Battery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Flexible Battery Market Analysis

According to Cognitive Market Research, the global Flexible Battery market size was estimated at USD 145.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 58.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.2% from 2024 to 2031 due to the growing demand for wearable electronics, medical devices, and IoT applications. Advancements in flexible battery technology, such as improved energy density and flexibility, further stimulate adoption. Additionally, investments in research and development activities, coupled with government initiatives promoting green technologies, contribute to market expansion. The rise of electric vehicles and portable consumer electronics also fuels demand, fostering innovation and competitiveness within the industry.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Flexible Battery market, with a market size of USD 45.83 million in 2024. The market is projected to grow at a CAGR of 23.0% during the forecast period. Environmental concerns and the push for sustainable energy solutions amplify the demand. 
• The Canada Flexible Battery market had a market share of USD 6.97 million in 2024 and is projected to grow at a CAGR of 24.0% during the forecast period: Canada's rising adoption of electric vehicles fuel growth.
• The Mexico Flexible Battery market is projected to grow at a CAGR of 23.7% during the forecast period, with a market size of USD 5.29 million in 2024.

 

Europe Europe Flexible Battery Market Analysis

According to Cognitive Market Research, the global Flexible Battery market size was estimated at USD 145.2 Million, out of which Europe held the major market of more than 30% of the global revenue with market size of USD 43.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.5% from 2024 to 2031 due to increased demand for wearable electronics, IoT devices, and medical implants necessitates compact and flexible power solutions. Advancements in flexible battery technology, such as improved energy density and lifespan, further stimulate market growth. Additionally, favorable government initiatives supporting innovation and sustainable energy solutions contribute to the expansion of the flexible battery market across Europe, fostering a dynamic ecosystem for flexible power solutions.

• The United Kingdom's Flexible Battery market had a market share of USD 7.32 million in 2024 and is projected to grow at a CAGR of 24.3% during the forecast period due to advancements in wearable technology, IoT devices, and flexible electronics.
• The French Flexible Battery market is projected to grow at a CAGR of 22.7% during the forecast period, with a market size of USD 4.01 million in 2024.
• According to Cognitive Market Research, the German Flexible Battery market size was valued at USD 8.62 million in 2024 and is projected to grow at a CAGR of 23.7% during the forecast period. In Germany, Flexible Battery sales surged due to the advancements in flexible battery technology. 
• The Italy Flexible Battery market is projected to grow at a CAGR of 22.9% during the forecast period, with a market size of USD 3.75 million in 2024.
• The Russian Flexible Battery market is projected to grow at a CAGR of 22.5% during the forecast period, with a market size of USD 6.75 million in 2024.
• The Spanish Flexible Battery market is projected to grow at a CAGR of 22.6% during the forecast period, with a market size of USD 3.57 million in 2024.
• The Luxembourg Flexible Battery market is projected to grow at a CAGR of 23.6% during the forecast period, with a market size of USD 1.35 million in 2024.
• The Portugal Flexible Battery market is projected to grow at a CAGR of 23.3% during the forecast period, with a market size of USD 0.91 million in 2024.
• The Greece Flexible Battery market is projected to grow at a CAGR of 23.8% during the forecast period, with a market size of USD 0.52 million in 2024.
• The Rest of Europe's Flexible Battery market is projected to grow at a CAGR of 22.2% during the forecast period, with a market size of USD 6.75 million in 2024.

 

Asia Pacific Asia Pacific Flexible Battery Market Analysis

According to Cognitive Market Research, the global Flexible Battery market size was estimated at USD 145.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with market size of USD 33.40 million in 2024 and will grow at compound annual growth rate (CAGR) of 27.0% from 2024 to 2031 due to increasing demand for wearable electronics, IoT devices, and smart packaging solutions. Technological advancements, such as thin-film lithium-ion batteries, boost manufacturing capabilities and product performance. Moreover, supportive government policies and investments in renewable energy storage solutions further stimulate market expansion. Additionally, the region's robust electronics industry and rapid urbanization fuel the adoption of flexible batteries, driving innovation and market competitiveness.

• According to Cognitive Market Research, the Chinese Flexible Battery market size was valued at USD 15.03 million in 2024 and is projected to grow at a CAGR of 26.3% during the forecast period. It is due to government initiatives promoting clean energy and advancements in consumer electronics.
• The Japan Flexible Battery market is projected to grow at a CAGR of 25.5% during the forecast period, with a market size of USD 4.61 million in 2024. It is due to the growing need for lightweight, compact power sources in various applications.
• The India Flexible Battery market had a market share of USD 4.01 million in 2024 and is projected to grow at a CAGR of 28.8% during the forecast period. 
• The South Korean Flexible Battery market is projected to grow at a CAGR of 26.1% during the forecast period, with a market size of USD 3.34 million in 2024.
• The Australian Flexible Battery market is projected to grow at a CAGR of 26.7% during the forecast period, with a market size of USD 1.74 million in 2024.
• The Southeast Asia Flexible Battery market is projected to grow at a CAGR of 28.0% during the forecast period, with a market size of USD 2.30 million in 2024.
• The Rest of the Asia Pacific Flexible Battery market is projected to grow at a CAGR of 26.8% during the forecast period, with a market size of USD 2.37 million in 2024.

 

South America Flexible Battery Market Analysis

According to Cognitive Market Research, the global Flexible Battery market size was estimated at USD 145.2 Million, out of which the Latin America market has more than 5% of the global revenue with market size of USD 7.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.4% from 2024 to 2031 due to increasing demand for wearable electronics, such as smartwatches and fitness trackers, fuels the need for lightweight and flexible power sources. Additionally, the growing adoption of flexible displays and IoT devices across various industries contributes to market expansion. Moreover, advancements in battery technology, coupled with rising environmental concerns, encourage the development of eco-friendly and efficient energy solutions, further propelling the growth of the flexible battery market in the region.

• According to Cognitive Market Research, Brazil's Flexible Battery market was valued at USD 3.11 million in 2024 and is projected to grow at a CAGR of 25.0% during the forecast period. Flexible Battery sales flourish in Brazil due to government initiatives promoting renewable energy adoption and favorable policies for electronics manufacturing.
• The Argentina Flexible Battery market had a market share of USD 1.22 million in 2024 and is projected to grow at a CAGR of 25.3% during the forecast period. Technological advancements and increasing disposable income are augmenting demand.
• The Colombia Flexible Battery market is projected to grow at a CAGR of 24.2% during the forecast period, with a market size of USD 0.65 million in 2024.
• The Peru Flexible Battery market is projected to grow at a CAGR of 24.6% during the forecast period, with a market size of USD 0.60 million in 2024.
• The Chile Flexible Battery market is projected to grow at a CAGR of 24.7% during the forecast period, with a market size of USD 0.52 million in 2024.
• The Rest of the Latin America Flexible Battery market is projected to grow at a CAGR of 23.5% during the forecast period, with a market size of USD 1.17 million in 2024.

Middle East Flexible Battery Market Analysis

According to Cognitive Market Research, the global Flexible Battery market size was estimated at USD 145.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with market size of USD 2.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.70% from 2024 to 2031 due to rising demand in wearable electronics, medical devices, and IoT applications. With the increasing adoption of flexible batteries in smart clothing, healthcare monitoring devices, and flexible displays, the market is propelled by advancements in technology and the need for compact, lightweight power solutions. Additionally, government initiatives promoting renewable energy storage solutions further fuel market growth. Integration of flexible batteries in various industries and applications underscores their pivotal role in MEA's technological landscape.

• According to Cognitive Market Research, the GCC Countries' Flexible Battery market size was valued at USD 1.24 million in 2024 and is projected to grow at a CAGR of 25.5% during the forecast period. Flexible Battery sales flourish in the GCC Countries due to the increasing adoption of portable consumer electronics.
• The Egypt Flexible Battery market is projected to grow at a CAGR of 25.0% during the forecast period, with a market size of USD 0.30 million in 2024.
• The South African Flexible Battery market is projected to grow at a CAGR of 25.7% during the forecast period, reaching USD 0.46 million in 2024. Flexible Battery sales flourish in South Africa due to government initiatives promoting renewable energy.
• The Turkish Flexible Battery market is projected to grow at a CAGR of 24.2% during the forecast period, with a market size of USD 0.25 million in 2024.
• The Nigeria Flexible Battery market is projected to grow at a CAGR of 23.8% during the forecast period, with a market size of USD 0.30 million in 2024.
• The Rest of the MEA Flexible Battery market is projected to grow at a CAGR of 23.7% during the forecast period, reaching a market size of USD 0.34 million in 2024.

Flexible Battery Market Analysis

Flexible Battery Type Segment Analysis

According to Cognitive Market Research, the thin-film batteries segment holds a prominent market share. They utilize ultra-thin layers of active materials, offering flexibility and compactness suitable for various applications such as wearables and IoT devices. They provide high energy density and are often rechargeable. 

Printed batteries are the fastest-growing category over the forecast period. They are manufactured through printing techniques, enabling customizable shapes and sizes. They are cost-effective and can be integrated into flexible substrates, expanding their utility in applications like smart packaging and medical devices.

• Thin-film Batteries
• Printed Batteries 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Flexible Battery Industry. Request a Free Sample PDF!

Flexible Battery Application Segment Analysis

According to Cognitive Market Research, the consumer electronics segment holds a prominent market share. In consumer electronics, the demand for flexible batteries is fueled by the need for lightweight, compact power sources in devices such as wearables, smartphones, and IoT gadgets. These batteries offer flexibility in design and enable innovative product form factors.

Smart packaging is the fastest-growing category over the forecast period. In smart packaging, flexible batteries facilitate the integration of electronic functionalities like RFID tags, temperature sensors, and display screens, enhancing product visibility, traceability, and user engagement. 

• Consumer Electronics
• Smart Packaging
• Smart Cards
• Medical Devices
• Wireless Sensors
• Others (Drones
• Displays
• Energy Harvesting
• and Smart Textiles) 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Flexible Battery Voltage Segment Analysis

According to Cognitive Market Research, the Below 1.5V segment holds a prominent market share. It caters to low-power devices such as wearable electronics, smart cards, and medical implants, offering compact and lightweight power solutions.

The fastest-growing category over the forecast period is between 1.5V and 3V. These target applications, like flexible displays, sensors, and IoT devices, require moderate power levels. These batteries provide sufficient power for such devices while maintaining flexibility and thin form factors.

• Below 1.5V
• Between 1.5V and 3V
• Above 3V 

Flexible Battery Capacity Segment Analysis

According to Cognitive Market Research, Below 10 mAh holds a prominent market share. They are typically used in small-scale applications such as wearable devices, smart cards, and medical implants where space is limited.

The fastest-growing category over the forecast period is between 10 mAh and 100 mAh. These batteries find application in a broader range of devices, including wearable electronics, IoT sensors, and certain types of medical devices.

• Below 10 mAh
• Between 10 mAh and 100 mAh
• Above 100 mAh 

Flexible Battery Rechargeability Segment Analysis

According to Cognitive Market Research, primary batteries hold a prominent market share. They are single-use cells that cannot be recharged once depleted. They offer convenience and reliability for low-power applications but lack sustainability.

Secondary batteries are the fastest-growing category over the forecast period. They are also known as rechargeable batteries, which can be recharged multiple times. They offer longer-term use and reduced environmental impact. They are favored for high-power applications and electronic devices requiring frequent recharging.

• Primary Batteries 
• Secondary Batteries 

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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