Key Developments in the Battery Market for IoT Industry

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Key Developments in the Battery Market for IoT
Industry Battery Market for IoT by Type,
Rechargeability, End-use Application, and
Geography - Global Forecast to 2025 https//www.m
arketsandmarkets.com/Market-Reports/battery-iot-ma
rket-153084557.html
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The global battery market for IoT is estimated
to grow from USD 9.2 billion in 2020 to USD 15.9
billion in 2025 growing at a CAGR of 11.6 from
2020 to 2025. The major factors driving the
growth of the market are multi-fold rise in the
use of IoT and increase in the adoption of
IoT-enabled devices, increase in global demand
for wireless communication, the surge in RD
activities to develop advanced, flexible, and
thin batteries, and rise in demand for thin and
flexible batteries used in IoT-enabled
devices. Browse 62 market data Tables and 41
Figures spread through 149 Pages and in-depth TOC
on "Battery Market for IoT by Type,
Rechargeability, End-use Application, and
Geography - Global Forecast to 2025"
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Lithium batteries projected to hold largest
share in battery market for IoT during forecast
period Lithium batteries have a plethora of
applications in IoT devices such as wearables,
home automation devices, retail, aerospace, and
defense. Moreover, a feature such as high energy
density is a key factor complementing its growth
among other batteries. Ask PDF
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nloadNew.asp?id153084557 Battery Market for
primary batteries is expected to grow at highest
CAGR during forecast period Primary batteries are
used in products that do not require high power
and have a limited lifespan. These batteries are
witnessing increasing applications in areas such
as smart packaging, smart cards, home automation,
retail, and medical and cosmetic patches, as they
have low self-discharge time compared to
rechargeable thin-film batteries. Therefore, the
market for primary batteries is expected to grow
at the highest CAGR during the forecast period.
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Battery Market for IoT in North America accounted
for largest size of market in 2019 The North
American region is a key market for batteries
used in IoT-enabled devices as it is home to some
of the largest multinational corporations such as
Intel (US), Texas Instruments (US), and Cisco
Systems (US) that are key IoT enablers.
Additionally, a number of North America-based
companies are developing batteries for use in
wearable devices, smart packaging, smart cards,
medical devices, and wireless communication
systems. The increasing demand for wearables and
medical devices is a key factor driving the
growth of the battery market in this region.
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vancements in the packaging industry in North
America have led to the integration of smart
sensors, RFID tags, and smart labels in packages.
Smart packages use printed thin batteries. The
rise in the demand for smart packaging is
expected to drive the growth of thin-film and
printed batteries segments of the battery market
for IoT in North America. The increased
penetration of IoT in medical devices and the
miniaturization of wireless devices are expected
to increase the demand for thin-film and printed
batteries in North America.
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Key Market Players Duracell Inc (Duracell) (US),
Energizer Holdings Inc (Energizer) (US),
Panasonic Corporation (Panasonic) (Japan), LG
Chem Ltd (LG Chem) (South Korea), Samsung SDI Co
(Samsung SDI) (South Korea), STmicroelectronics
N.V (STmicroelectronics) (Switzerland), and
Cymbet Corporation Inc (Cymbet) (US) are a few of
the key market players in the battery market for
IoT. Cymbet is a leading player in the
global battery market for IoT offering batteries
to various end-use industries. Its proprietary
manufacturing processPowerFabuses semiconductor
fabrication processes to develop rechargeable
energy storage devices with no liquids, gels, or
harmful chemicals. The EnerChip batteries and
integrated products offered by the company enable
the development and incorporation of new concepts
in sensors, industrial controls, and RFID tags,
as well as in communication, portable, medical,
and electronic devices. Cymbet has adopted the
strategies of partnerships and collaborations to
enhance its position in the market. Over the
years, it has partnered with several industry
leaders to develop solutions that enable the
development of advanced power backups and
pervasive power and energy harvesting solutions.
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