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Key Developments in the Battery Market for IoT Industry

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 R&D activities to develop advanced, flexible, and thin batteries, and rise in demand for thin and flexible batteries used in IoT-enabled devices.

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Key Developments in the Battery Market for IoT Industry

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  1. MarketsandMarkets Presents 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.marketsandmarkets.com/Market-Reports/battery-iot-market-153084557.html

  2. 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 R&D 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"

  3. 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 Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153084557 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.

  4. 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. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=153084557 Advancements 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.

  5. 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 process—PowerFab—uses 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.

  6. About MarketsandMarkets 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 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 markets.

  7. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/battery-iot.asp

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