查看购物车
  • Traditional Chinese
  • English
  • Japanese
  • Korean
封面
市场调查报告书
商品编码
1569774

2030年薄膜电池/印刷电池市场预测：按类型、电池类型、额定电压、容量、应用和地区进行全球分析

Thin Film and Printed Battery Market Forecasts to 2030 - Global Analysis By Type (Thin Film and Printed), Battery Type (Primary (Disposable) and Secondary (Rechargeable)), Voltage Rating, Capacity, Application and by Geography
出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据Stratistics MRC的数据，2024年全球薄膜和印刷电池市场规模为2.3599亿美元，预计到2030年将达到9.5336亿美元，预测期内复合年增长率为26.2%。

薄膜和印刷电池的轻量化和灵活设计，以及它们整合到广泛应用中的潜力，代表了能源储存技术的重要进步。与通常依赖刚性结构的传统电池不同，薄膜电池使用非常薄的活性材料层，从而实现更紧凑的外形规格。该技术透过创建可以以类似印刷电子产品的方式印刷到基板上的电池，为穿戴式装置、物联网设备甚至智慧包装的新应用打开了大门。

人们对穿戴式科技的兴趣日益浓厚

随着消费者寻求改善生活方式的小工具和健康监测功能，穿戴式科技越来越受欢迎。健身追踪器、智慧型手錶和健康监测贴片等设备需要具有高能量密度和快速充电时间的小型电池。薄膜电池满足这些要求，为生产商提供了最佳选择。此外，健康意识不断增强的趋势推动了薄膜电池市场的发展，穿戴式装置的需求也不断增加。

原物料价格上涨

製造薄膜和印刷电池需要专门的原材料，这些原材料比传统锂离子电池中使用的原材料贵得多。这种高成本可能会导致最终产品的价格较低，从而降低其对製造商和客户的吸引力。此外，这些材料的价格波动可能导致生产成本不稳定，并阻碍对创新措施和技术进步的投资。

RFID 标籤和智慧卡的增加

智慧卡（例如 EMV 晶片卡）增强的安全功能使其在全球范围内越来越受欢迎。然而，传统电池生产中使用的高温（130-150摄氏度）会削弱有机成分，可能导致它们无法使用。薄膜和印刷电池适用于智慧卡应用，因为它们可以承受高温而不失去功能。此外，RFID标籤在医疗保健、零售和物流等各个领域的日益增长的应用也刺激了对薄膜电池的需求。正是由于这种电池提供了方便且经济实惠的电源，RFID标籤才得到了广泛的应用。

成熟电池製造商的有力竞争对手

锂离子电池市场因其高能量密度、高可靠性和普遍接受度而占据市场主导地位，与薄膜电池市场形成直接竞争。由于庞大的製造基础设施和规模经济，锂离子电池对消费者来说更便宜。此外，薄膜电池的采用也受到这种竞争的严重威胁。这是因为製造商更有可能坚持使用经过验证的技术，而不是花钱购买尚未表现出可比性能的未经验证的技术。

COVID-19 的影响：

COVID-19 大流行导致的全球供应链中断和工厂关闭对薄膜电池市场产生了重大影响。由于这些中断，消费性电子产品的产量下降，因为製造商无法购买组装设备所需的晶片和其他组件。此外，在大流行的早期阶段，电子产品的整体销售量急剧下降，特别是在低收入和中等收入国家。同时，远距工作和线上学习趋势增加了对笔记型电脑、平板电脑和其他可携式电子设备的需求，这有助于增加对薄膜电池的需求。

预计二次（可充电）细分市场在预测期内将是最大的

在薄膜电池/印刷电池市场中，二次（可充电）领域占最大份额。由于对轻量、高效且能够多次充电的能源储存解决方案的需求不断增长，该市场正在迅速扩大。薄膜充电电池特别适合重量和空间至关重要的应用，例如穿戴式技术、物联网感测器和其他便携式电子设备。此外，其快速充电、高能量密度和延长的循环寿命使其成为希望开拓家用电子电器和医疗保健领域的生产商的有吸引力的选择。

3V以上细分市场预计在预测期内复合年增长率最高

在薄膜电池/印刷电池市场，3V以上细分市场的复合年增长率最高。该类别预计将显着增长，因为它应用于需要更高功率输出和更长电池寿命的高性能设备。更高的电压可以提高性能和安全性，因此该电压范围内的薄膜和印刷电池越来越多地用于消费性电子产品、穿戴式装置和小型电子设备。此外，由于对需要可靠、有效电源的尖端电子产品的需求不断增加，这种市场区隔正在迅速扩大。

占比最大的地区：

薄膜电池/印刷电池市场以北美为主，顶级厂商集中，技术进步显着。该地区拥有强大的研发生态系统，支援各种应用的创新电池技术的开发，包括消费性电子产品和医疗设备。北美是 Blue Spark Technologies、Ultralife Corporation 和 Brightvolts Inc. 等大公司的所在地，这使其在市场上具有优势。此外，该地区完善的基础设施和对新技术的快速采用使其成为薄膜和印刷电池市场扩张的关键参与者。

复合年增长率最高的地区：

由于亚太地区工业化的快速发展、可支配收入的增加以及消费性电子产业的蓬勃发展，薄膜和印刷电池市场预计将以亚太地区最高的复合年增长率成长。随着韩国、日本和中国等主要经济体大力投资穿戴式和物联网技术，这些电池的需求正在增加。此外，亚太地区薄膜和印刷电池市场强劲的复合年增长率也得到了印刷电池技术在家用电子电器中日益增长的使用以及该地区领先企业的存在等因素的支持。

免费客製化服务

订阅此报告的客户可以存取以下免费自订选项之一：

  • 公司简介
    • 其他市场参与者的综合分析（最多 3 家公司）
    • 主要企业SWOT分析（最多3家企业）
  • 区域分割
    • 根据客户兴趣对主要国家的市场估计、预测和复合年增长率（註：基于可行性检查）
  • 竞争标基准化分析
    • 根据产品系列、地理分布和策略联盟对主要企业基准化分析

目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 资料分析
    • 资料检验
    • 研究途径
  • 研究资讯来源
    • 主要研究资讯来源
    • 二次研究资讯来源
    • 先决条件

第三章市场趋势分析

  • 促进因素
  • 抑制因素
  • 机会
  • 威胁
  • 应用分析
  • 新兴市场
  • COVID-19 的影响

第4章波特五力分析

  • 供应商的议价能力
  • 买方议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争公司之间的敌对关係

第五章全球薄膜电池/印刷电池市场：按类型

  • 薄膜
  • 印刷

第六章 全球薄膜电池/印刷电池市场：依电池类型

  • 主要（一次性）
  • 二次（可充电）

第七章 全球薄膜电池/印刷电池市场：依额定电压分类

  • 1.5V以下
  • 1.5V～3V
  • 3V以上

第八章 全球薄膜电池/印刷电池市场：依容量划分

  • 10mAh以下
  • 10～100mAh
  • 100mAh以上

第九章全球薄膜电池/印刷电池市场：依应用分类

  • 穿戴式装置
  • 医疗设备
  • 家电
  • 智慧包装
  • 智慧卡
  • 感测器和物联网设备
    • 环境感测器
    • 工业感测器
    • 智慧家庭设备
  • 软性电子产品
  • 其他用途

第10章全球薄膜电池/印刷电池市场：按地区划分

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲国家
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东/非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东和非洲

第十一章 主要进展

  • 合约、伙伴关係、合作和合资企业
  • 收购和合併
  • 新产品发布
  • 业务拓展
  • 其他关键策略

第十二章 公司概况

  • Samsung SDI Co., Ltd.
  • Enfucell
  • Ultralife Corporation
  • Blue Spark Technologies
  • STMicroelectronics
  • Cymbet Corporation
  • Ilika plc
  • Jenax Inc.
  • BrightVolt Inc.
  • Imprint Energy, Inc.
  • LG Chem Ltd.
  • Panasonic Corporation
  • Molex, LLC
  • NGK Insulators, Ltd.
  • ProLogium Technology Co., Ltd.
  • VARTA AG
Product Code: SMRC27280

According to Stratistics MRC, the Global Thin Film and Printed Battery Market is accounted for $235.99 million in 2024 and is expected to reach $953.36 million by 2030 growing at a CAGR of 26.2% during the forecast period. The lightweight, flexible design of thin film and printed batteries, along with their potential integration into a wide range of applications, make them a significant advancement in energy storage technology. Thin film batteries use incredibly thin layers of active material, unlike traditional batteries, which frequently depend on stiff structures, enabling a far more compact form factor. This technology opens the door for novel applications in wearables, Internet of Things devices, and even smart packaging by making batteries that can be printed onto substrates using methods akin to printed electronics.

Market Dynamics:

Driver:

Growing interest in wearable technology

Wearable technology is growing in popularity as consumers look for gadgets that improve their lifestyle and health monitoring features. Compact batteries with high energy density and fast recharge times are needed for devices like fitness trackers, smart watches, and health monitoring patches. These requirements are satisfied by thin-film batteries, giving producers the best option. Furthermore, the market for thin film batteries is driven by the growing trend of health-conscious living, which also increases demand for wearables.

Restraint:

High price of raw materials

Specialized raw materials, which are substantially more expensive than those used in conventional lithium-ion batteries, are needed for the production of printed and thin-film batteries. The ultimate product may become less affordable as a result of this high cost, which would reduce its appeal to both manufacturers and customers. Additionally, these materials unstable prices may result in erratic production costs, discouraging investment in novel initiatives or technological advancements.

Opportunity:

Increase in RFID tags and smart cards

The increased security features of smart cards-like EMV chip cards-are making them more and more popular across the globe. But conventional batteries organic content can be weakened by the high temperatures (130-150 °C) used in manufacturing, making them useless. As printed and thin film batteries can tolerate these high temperatures without losing functionality, they are a good fit for smart card applications. Furthermore, stimulating the need for thin film batteries is the growing application of RFID tags across a range of sectors, such as healthcare, retail, and logistics. RFID tags can now be widely used thanks to these batteries, which provide a convenient and affordable power source.

Threat:

Strong rivalry from reputable battery manufacturers

The market for lithium-ion batteries, which rule the market because of their high energy density, dependability, and general acceptance, is directly competitive with the thin-film battery market. Because of their large manufacturing infrastructure and economies of scale, lithium-ion batteries are more affordable for consumers. Moreover, thin-film battery adoption is seriously threatened by this competition because manufacturers might rather stick with tried-and-true technologies than spend money on unproven ones that haven't yet shown comparable performance.

Covid-19 Impact:

The global supply chain disruptions and factory closures brought on by lockdowns caused by the COVID-19 pandemic had a substantial effect on the thin film battery market. Consumer electronics production fell as a result of these disruptions because manufacturers could not find the necessary parts, such as the chips needed to assemble the devices. Additionally, during the early phases of the pandemic, sales of electronic devices as a whole fell precipitously, especially in low- and middle-income economies. On the other hand, the trend toward remote work and online learning raised demand for laptops, tablets, and other portable electronics, which helped to drive up the demand for thin film batteries.

The Secondary (Rechargeable) segment is expected to be the largest during the forecast period

In the market for printed and thin-film batteries, the secondary (rechargeable) segment commands the largest share. Because there is a growing need for energy storage solutions that are lightweight, efficient, and multi-rechargeable, this market is expanding quickly. In applications where weight and space are crucial factors, such as wearable technology, IoT sensors, and other portable electronics, rechargeable thin film batteries are especially well-suited. Moreover, their capacity to provide rapid charging, elevated energy density, and extended cycle life renders them a compelling choice for producers seeking to pioneer in the consumer electronics and healthcare domains.

The Above 3V segment is expected to have the highest CAGR during the forecast period

Within the thin film and printed battery market, the above 3V segment has the highest CAGR. Because of its applications in high-performance devices that demand higher power output and longer battery life, this category is predicted to grow significantly. Higher voltage equals better performance and safety, which is why thin film and printed batteries in this voltage range are being used more and more in consumer electronics, wearables, and small electronic devices. Furthermore, this market segment is expanding rapidly due to the growing demand for cutting-edge electronic products that need dependable and effective power sources.

Region with largest share:

The market for printed and thin-film batteries is dominated by North America due to a strong concentration of top manufacturers and notable technological advancements. This area has a robust ecosystem for research and development, which supports the development of innovative battery technologies for a range of uses, including consumer electronics and medical equipment. North America is the home base of major corporations like Blue Spark Technologies, Ultralife Corporation, and Brightvolts Inc., which bolsters its dominance in the market. Moreover, the region is a major player in the expansion of the thin film and printed battery market due to its well-established infrastructure and rapid uptake of new technologies.

Region with highest CAGR:

The thin film and printed battery market is anticipated to grow at the highest CAGR in the Asia-Pacific region due to the region's rapid industrialization, rising disposable incomes, and thriving consumer electronics industry. The demand for these batteries is rising as a result of significant investments made in wearable and Internet of Things technologies by major economies like South Korea, Japan, and China. Furthermore, the strong CAGR forecasts for the thin film and printed battery markets in Asia Pacific are further supported by elements like the expanding use of printed battery technology in consumer electronics and the presence of major players in the area.

Key players in the market

Some of the key players in Thin Film and Printed Battery market include Samsung SDI Co., Ltd., Enfucell, Ultralife Corporation, Blue Spark Technologies, STMicroelectronics, Cymbet Corporation, Ilika plc, Jenax Inc., BrightVolt Inc., Imprint Energy, Inc., LG Chem Ltd., Panasonic Corporation, Molex, LLC, NGK Insulators, Ltd., ProLogium Technology Co., Ltd. and VARTA AG.

Key Developments:

In August 2024, SAMSUNG SDI announced that the company has completed and signed an agreement with General Motors to establish a joint venture to supply electric vehicle(EV) batteries in the United States. The ceremony was held at SAMSUNG SDI's office in Seoul, and was attended by key executives from both companies, including SAMSUNG SDI CEO Yoon-ho Choi.

In May 2024, LG Chem Ltd. signed an agreement with Saudi Arabia's Alkhorayef Group to build a water treatment plant in the Middle Eastern nation and jointly invest up to 320 million riyal ($85.3 million) in the facility. The plant will produce reverse osmosis (RO) membranes, which are used to remove salts and other minerals from seawater and generate potable water, starting in 2026.

In April 2024, STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, and Centrica Energy Trading A/S announced that they have signed a ten-year Power Purchase Agreement (PPA) for the supply of renewable energy to its operations in Italy, starting January 2025.

Types Covered:

  • Thin Film
  • Printed

Battery Types Covered:

  • Primary (Disposable)
  • Secondary (Rechargeable)

Voltage Ratings Covered:

  • Below 1.5V
  • 1.5V to 3V
  • Above 3V

Capacities Covered:

  • Below 10 mAh
  • 10 to 100 mAh
  • Above 100 mAh

Applications Covered:

  • Wearable Devices
  • Medical Devices
  • Consumer Electronics
  • Smart Packaging
  • Smart Cards
  • Sensors and IoT Devices
  • Flexible Electronics
  • Other Applications

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Thin Film and Printed Battery Market, By Type

  • 5.1 Introduction
  • 5.2 Thin Film
  • 5.3 Printed

6 Global Thin Film and Printed Battery Market, By Battery Type

  • 6.1 Introduction
  • 6.2 Primary (Disposable)
  • 6.3 Secondary (Rechargeable)

7 Global Thin Film and Printed Battery Market, By Voltage Rating

  • 7.1 Introduction
  • 7.2 Below 1.5V
  • 7.3 1.5V to 3V
  • 7.4 Above 3V

8 Global Thin Film and Printed Battery Market, By Capacity

  • 8.1 Introduction
  • 8.2 Below 10 mAh
  • 8.3 10 to 100 mAh
  • 8.4 Above 100 mAh

9 Global Thin Film and Printed Battery Market, By Application

  • 9.1 Introduction
  • 9.2 Wearable Devices
  • 9.3 Medical Devices
  • 9.4 Consumer Electronics
  • 9.5 Smart Packaging
  • 9.6 Smart Cards
  • 9.7 Sensors and IoT Devices
    • 9.7.1 Environmental Sensors
    • 9.7.2 Industrial Sensors
    • 9.7.3 Smart Home Devices
  • 9.8 Flexible Electronics
  • 9.9 Other Applications

10 Global Thin Film and Printed Battery Market, By Geography

  • 10.1 Introduction
  • 10.2 North America
    • 10.2.1 US
    • 10.2.2 Canada
    • 10.2.3 Mexico
  • 10.3 Europe
    • 10.3.1 Germany
    • 10.3.2 UK
    • 10.3.3 Italy
    • 10.3.4 France
    • 10.3.5 Spain
    • 10.3.6 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 Japan
    • 10.4.2 China
    • 10.4.3 India
    • 10.4.4 Australia
    • 10.4.5 New Zealand
    • 10.4.6 South Korea
    • 10.4.7 Rest of Asia Pacific
  • 10.5 South America
    • 10.5.1 Argentina
    • 10.5.2 Brazil
    • 10.5.3 Chile
    • 10.5.4 Rest of South America
  • 10.6 Middle East & Africa
    • 10.6.1 Saudi Arabia
    • 10.6.2 UAE
    • 10.6.3 Qatar
    • 10.6.4 South Africa
    • 10.6.5 Rest of Middle East & Africa

11 Key Developments

  • 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 11.2 Acquisitions & Mergers
  • 11.3 New Product Launch
  • 11.4 Expansions
  • 11.5 Other Key Strategies

12 Company Profiling

  • 12.1 Samsung SDI Co., Ltd.
  • 12.2 Enfucell
  • 12.3 Ultralife Corporation
  • 12.4 Blue Spark Technologies
  • 12.5 STMicroelectronics
  • 12.6 Cymbet Corporation
  • 12.7 Ilika plc
  • 12.8 Jenax Inc.
  • 12.9 BrightVolt Inc.
  • 12.10 Imprint Energy, Inc.
  • 12.11 LG Chem Ltd.
  • 12.12 Panasonic Corporation
  • 12.13 Molex, LLC
  • 12.14 NGK Insulators, Ltd.
  • 12.15 ProLogium Technology Co., Ltd.
  • 12.16 VARTA AG

List of Tables

  • Table 1 Global Thin Film and Printed Battery Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Thin Film and Printed Battery Market Outlook, By Type (2022-2030) ($MN)
  • Table 3 Global Thin Film and Printed Battery Market Outlook, By Thin Film (2022-2030) ($MN)
  • Table 4 Global Thin Film and Printed Battery Market Outlook, By Printed (2022-2030) ($MN)
  • Table 5 Global Thin Film and Printed Battery Market Outlook, By Battery Type (2022-2030) ($MN)
  • Table 6 Global Thin Film and Printed Battery Market Outlook, By Primary (Disposable) (2022-2030) ($MN)
  • Table 7 Global Thin Film and Printed Battery Market Outlook, By Secondary (Rechargeable) (2022-2030) ($MN)
  • Table 8 Global Thin Film and Printed Battery Market Outlook, By Voltage Rating (2022-2030) ($MN)
  • Table 9 Global Thin Film and Printed Battery Market Outlook, By Below 1.5V (2022-2030) ($MN)
  • Table 10 Global Thin Film and Printed Battery Market Outlook, By 1.5V to 3V (2022-2030) ($MN)
  • Table 11 Global Thin Film and Printed Battery Market Outlook, By Above 3V (2022-2030) ($MN)
  • Table 12 Global Thin Film and Printed Battery Market Outlook, By Capacity (2022-2030) ($MN)
  • Table 13 Global Thin Film and Printed Battery Market Outlook, By Below 10 mAh (2022-2030) ($MN)
  • Table 14 Global Thin Film and Printed Battery Market Outlook, By 10 to 100 mAh (2022-2030) ($MN)
  • Table 15 Global Thin Film and Printed Battery Market Outlook, By Above 100 mAh (2022-2030) ($MN)
  • Table 16 Global Thin Film and Printed Battery Market Outlook, By Application (2022-2030) ($MN)
  • Table 17 Global Thin Film and Printed Battery Market Outlook, By Wearable Devices (2022-2030) ($MN)
  • Table 18 Global Thin Film and Printed Battery Market Outlook, By Consumer Electronics (2022-2030) ($MN)
  • Table 19 Global Thin Film and Printed Battery Market Outlook, By Smart Packaging (2022-2030) ($MN)
  • Table 20 Global Thin Film and Printed Battery Market Outlook, By Smart Cards (2022-2030) ($MN)
  • Table 21 Global Thin Film and Printed Battery Market Outlook, By Sensors and IoT Devices (2022-2030) ($MN)
  • Table 22 Global Thin Film and Printed Battery Market Outlook, By Environmental Sensors (2022-2030) ($MN)
  • Table 23 Global Thin Film and Printed Battery Market Outlook, By Industrial Sensors (2022-2030) ($MN)
  • Table 24 Global Thin Film and Printed Battery Market Outlook, By Smart Home Devices (2022-2030) ($MN)
  • Table 25 Global Thin Film and Printed Battery Market Outlook, By Flexible Electronics (2022-2030) ($MN)
  • Table 26 Global Thin Film and Printed Battery Market Outlook, By Other Applications (2022-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.