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The growth of the electronics industry and an increase in usage of 3D printed batteries in electric cars is estimated to boost the market globally. Consumer electronics manufacturers are developing their product designs, which necessitates tiny power sources that are compatible with the flexible design of their products. For such purposes, 3D printed batteries are favoured for electrical device miniaturisation. For the 3D printed battery market, wearable technology is a key development area because traditional batteries do not meet criteria such as lightweight, flexibility, thinness, or durability. Despite their small size and long-running life, 3D printed batteries have a high energy density. As a result, they are found in almost all wearable gadgets that need to be thin and flexible. Due to the high demand for skin patches made with 3D printed batteries, the healthcare industry is also expanding. Drugs, cosmetics, tattoos, and performance-enhancing substances like caffeine are all delivered through the skin using smart skin patches. Medical diagnostic equipment and medical sensors employ 3D printed batteries. As a result, healthcare industry is also seeing a surge in demand for 3D-printed batteries.
Various companies are investing in research and development activities to introduce novel technologies, while some of the others are focusing on the partnership strategy to co-develop innovative solutions. For instance, in January 2021, Blackstone Resources (NYSE: BX) developed its new 3D-printing technology for printing lithium-ion solid-state batteries. It would provide high production flexibility, reduce costs, and surge the energy density by 20%.
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The major players in the global 3D printed battery industry are Blackstone Inc., Sakuu Corporation, Materialise NV, Imprint Energy, EOS GmbH, and Neware Technology Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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