The new report by Expert Market Research titled, ‘Global 3D Printed Battery Market Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global 3D printing battery market, assessing the market based on its segments like architectural processes, end-users, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2020): USD 18.7 Billion
- Forecast CAGR (2022-2027): 4%
The market is being propelled by the robust growth of the electronics sector. The increasing attempts to print lithium-ion micro batteries by deploying 3D printing technology are driving the market growth. With the growing use of smart cards for payments in various end-use sectors such as telecommunication, transportation, and banking, among others, the demand for 3D printed batteries is significantly surging.
The increasing popularity of wearables like fitness bands, smartwatches, and wearable power banks is adding to the market growth of 3D printed battery. Furthermore, the growing trend of miniaturisation of consumer electronics in both developing and developed countries is providing impetus to the market growth.
Industry Definition and Major Segments
A 3D printed battery refers to an energy storage system that is manufactured by deploying 3D printing technology. It has short diffusion pathways and minimal resistance during the ion-transport process, due to which it has enhanced power density and battery energy density. 3D printing of batteries enables precise control of thickness and shape of electrodes and ease of operations while bolstering the cost-effectiveness of battery manufacturing.
The market, based on architectural process, can be divided into:
- Graphene-Based Li-Ion Anodes
- Solid-State Graphene Super Capacitors
- Graphene-Based PLA Filaments
- Platinum-Based Electrodes
By end-users, the market is segmented into:
- Energy Storage Devices
Based on application, the market can be classified into:
- Electric Vehicles
The regional markets of 3D printed battery are:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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The growing demand for small battery-operated consumer electronics is augmenting the market for 3D printed battery. With the increasing use of printed batteries in various applications such as wireless sensors, smart labels, radio-frequency sensing, temperature tags, and data logging systems, among others, the demand for 3D printed batteries owing to their cost-effectiveness and enhanced flexibility is surging.
Moreover, environmental concerns pertaining to printed batteries are escalating the shift towards 3D printed batteries. Various advantages associated with 3D printing of batteries and the diverse uses of such batteries are anticipated to strengthen the growth of the market in the forecast period.
Key Market Players
The major players in the market are Blackstone Inc., Sakuu Corporation, Materialise NV, Imprint Energy, EOS GmbH, and Neware Technology Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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