- The battery market for internet of things (IoT) is witnessing substantial growth, driven by the increasing adoption of smart devices, rising investments in energy-efficient solutions, and the growing demand for wireless connectivity in various industries
- The market expansion is fueled by advancements in low-power battery technologies, government initiatives for smart city development, and the rising interest of private companies in IoT-driven automation
- North America leads the battery market for internet of things (IoT) due to strong support from technology giants, the presence of major IoT infrastructure providers, and continuous innovation in battery efficiency improvements
- For instance, in the U.S., companies such as Tesla and Energizer are actively developing high-density batteries to support long-lasting IoT devices
- Asia-Pacific is expected to witness the highest CAGR, driven by increasing investments in 5G connectivity, government-backed initiatives for smart infrastructure, and growing partnerships between China, India, and Japan in IoT technology development
- Emerging technologies such as solid-state batteries, energy harvesting solutions, and AI-powered battery management systems are shaping the future of the battery market for internet of things (IoT), making power-efficient solutions more commercially viable and sustainable
