Global Battery Market for Internet of Things (IOT), By Type (Chemical Batteries, Thin-Film Batteries, Printed Batteries, Solid-State Chip Batteries), Rechargeability (Primary Batteries, Secondary Batteries), End Use Application (Wearable Devices, Consumer Electronics, Healthcare, Home Automation, Retail, BFSI, Aerospace and Defence, Industrial, Agriculture, Smart Packaging), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Battery market for internet of things (IOT) is expected to reach USD 21.97 billion by 2028 witnessing market growth at a rate of 11.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report on battery market for internet of things (IOT) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Power and battery could slow advancements of Internet of Things (IoT) technology. High-capacity batteries that carry enough power to operate the system in a limited space and have a long shelf life, so that they do not lose that power over time. Improvements in power efficiency so that they consume less of that precious battery energy.
Increasing usages of the internet of things along with growing adoption of internet of things enabled devices, rising demand for wireless communication among the consumers, rising number of applications in consumer electronics, home automation, wearable devices, BFSI, industrial, retail, agriculture, aerospace and defence, and healthcare, rising number of innovations in next generation technologies are some of the major as well as vital factors which will likely to enhance the growth of the battery market for internet of things (IOT) market in the projected timeframe of 2021-2028. On the other hand, surging levels of investment in research and development activities along with rising demand of thin and flexible batteries which will further contribute by generating massive opportunities that will lead to the growth of the battery market for internet of things (IOT) market in the projected timeframe mentioned above.
Volatility in the prices of raw material along with availability of product substitute which will likely to act as market restraints factor for the growth of the battery market for internet of things (IOT) in the above mentioned projected timeframe.
This battery market for internet of things (IOT) report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on battery market for internet of things (IOT) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Battery Market for Internet of Things (IOT) Scope and Market Size
Battery market for internet of things (IOT) is segmented on the basis of type, rechargeability and end use application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Battery market for internet of things (IOT) on the basis of type has been segmented as chemical batteries, thin-film batteries, printed batteries, and solid-state chip batteries. Chemical batteries have been further segmented into lithium batteries, alkaline batteries, and others.
- On the basis of rechargeability, the battery market for internet of things (IOT) has been segmented into primary batteries, and secondary batteries.
- Battery market for internet of things (IOT) has also been segmented on the basis of end use application into wearable devices, consumer electronics, healthcare, home automation, retail, BFSI, aerospace and defence, industrial, agriculture, and smart packaging. Wearable devices have been further segmented into activity monitors, smart watches, smart glasses, body-worn cameras, and hearables. Healthcare has been further segmented into fitness and heart rate monitors, blood pressure monitors, blood glucose meters, fall detectors, and others. Home automation has been further segmented into smart locks, security cameras, smart meters, wireless alarms and theft detection systems, occupancy sensors, smoke detectors, garage door sensors, window sensors, and water leak detection sensors. Retail has been further segmented into contactless point of sales (POS), wireless beacons, and smart tags. Aerospace and defence has been further segmented into smart beacons, drones/ unmanned aerial vehicles (UAV), and smart baggage tags. Agriculture has been further segmented into agriculture drones, agriculture robots, soil moisture sensors, and livestock RFID tags.
Battery Market for Internet of Things (IOT) Country Level Analysis
Battery market for internet of things (IOT) is analysed and market size, volume information is provided by country, type, rechargeability and end use application as referenced above.
The countries covered in the battery market for internet of things (IOT) report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the battery market for internet of things (IOT) due to the increasing demand for wearables and medical devices along with prevalence of various manufacturers in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Battery Market for Internet of Things (IOT) Share Analysis
Battery market for internet of things (IOT) competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to battery market for internet of things (IOT).
The major players covered in the battery market for internet of things (IOT) report are Duracell Inc.; Energizer.; Panasonic Corporation; LG Chem.; SAMSUNG SDI CO.,LTD.; STMicroelectronics; Cymbet; Ultralife India.; IMPRINT ENERGY; Ilika; Blue Spark Technologies; Enfucell; BrightVolt Solid State Batteries.; Saft; Jenax Inc.; Front Edge Technology, Inc.; Guangzhou Fullriver Battery New Technology Co Ltd; ITEN; ROCKET Poland Sp. z o.o.; Kemsys Technologies India Pvt Ltd.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.