The report "Battery Market for IoT by Type, Rechargeability, End-use Application, and Geography - Global Forecast to 2025"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% between 2020-2025. The major factors driving the market growth are the increase in the use of IoT, a surge in the adoption of IoT-enabled devices, an increase in the global demand for wireless communication, and a rise in R&D activities to develop advanced, flexible, and thin batteries. However, the high upfront costs of developing thin and flexible batteries and the ecological implications of disposing of battery wastes hinder the markets growth.
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"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/battery-iot-market-153084557.html
The printed batteries segment is expected to witness the highest CAGR in the battery market for IoT during the forecast period
Printed batteries are increasingly used in applications wherein portability and small size is the main requirements. Printed flexible batteries are eco-friendly and bio-friendly as they do not contain heavy metals and harmful chemicals used in conventional batteries, such as mercury, lead, or cadmium. Moreover, printed batteries also offer biodegradability, cost-effectiveness, safety, flexibility, and ease of integration.
The primary batteries segment is expected to witness the highest CAGR in the battery market for IoT during the 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 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.
Aerospace and Defense end-use application is expected to witness the highest CAGR in the battery market for IoT during the forecast period
IoT technology is used in the aerospace and defense end-use application to ensure connectivity and the integration of aircraft, systems, and people to the Internet. Increasing the Installation of smart beacons that allow mobile apps to comprehend their position on a micro-local scale and deliver content to users based on their location using Bluetooth technology is driving its market growth.
Battery market for IoT in APAC expected to grow at highest CAGR from 2020 to 2025
As the demand for IoT devices is increasing significantly in APAC, the battery market for IoT in the region is projected to grow at the highest rate during the forecast period. With an increasing number of new M2M connections per year, the demand for smart consumer devices and the requirement for the industrial revolution is high in APAC. Given the large population base in some of the emerging economies, such as China and India of APAC, coupled with healthcare and energy management issues, the IoT applications seem to have significant opportunities to improve the standard of living and revolutionize the industrial sector of the region.
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 (Switzerland), Cymbet Corporation Inc (Cymbet) (US), Ultralife Corporation (Ultralife) (US), Ilika Plc (Ilika) (UK), and Imprint Energy Inc (Imprint Energy) (US) are the prominent players in the global battery market for IoT.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441