Market Overview:
The global battery for IoT market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wearable devices, consumer electronics, healthcare and home automation applications. In addition, the growing demand for smart packaging is also contributing to the growth of this market. Some of the key players operating in this market are Samsung SDI Co., Ltd., Panasonic Corporation, LG Chem Ltd., Sony Corporation and Hitachi Maxell Ltd.
Product Definition:
A battery is a device that converts chemical energy into electrical energy. It is an essential component of any IoT device as it provides power to the system. Without a battery, the IoT device would not be able to function. The importance of a battery in an IoT system is therefore paramount, as it enables the device to collect and transmit data, and ultimately interact with the user.
Chemical Batteries:
Chemical batteries are rechargeable batteries that use chemicals as the source of energy. They have a higher energy density than conventional battery and hence provide longer run time in less space. Chemical batteries can be classified into two types including wet cell and dry cell. The difference between these two is their electrolyte, wet cells have an electrolyte that contains water while dry cells do not contain water at all.
Thin-film Batteries:
The thin-film batteries market is expected to witness significant growth over the forecast period owing to increasing demand for wearable devices and IoT devices. Wearable device applications include fitness bands, smartwatches, and medical monitoring systems. The growing adoption of these applications has led to increased usage of low power battery sources such as thin-film batteries in order to extend the battery life of portable devices.
Application Insights:
The wearable devices segment dominated the global market and accounted for more than 30.0% share of the overall revenue in 2017. The growth of this segment is attributed to increasing demand for fitness bands, smartwatches, and other similar products that monitor a user¢â‚¬â„¢s health and activity levels. These devices are equipped with small batteries to last throughout the day; however, these batteries need to be replaced frequently as they have low energy storage capacity.
The consumer electronics application segment is expected to witness significant growth over the forecast period owing to growing demand for smartphones with long battery life such as Samsung Galaxy S8 Active which has a 3200 mAh battery pack built-in allowing users continuous two days of normal usage on a single charge. Other applications include home automation systems where sensors are used for activating security systems or opening & closing doors using radio waves instead of conventional controllers which increases system efficiency by up to 50%.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period owing to increasing demand for consumer electronics and smart packaging. The growing adoption of IoT solutions across various industries including healthcare, automotive, and others will drive the regional market growth. Increasing disposable income coupled with rising penetration of smartphones in developing economies such as India and China are some factors driving the regional market growth.
North America accounted for more than 25% revenue share in 2017 owing to high demand from applications such as wearable devices, home automation systems among others. The U.S.
Growth Factors:
- Increasing demand for battery operated devices and systems in the IoT market.
- Growing awareness about the benefits of using batteries in IoT applications among end users and original equipment manufacturers (OEMs).
- Proliferation of next-generation battery technologies that offer high performance, longer life, and improved safety features.
- Rising demand for energy-efficient and low-cost batteries for IoT applications.
- Development of innovative business models that promote the adoption of batteries in IoT deployments
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery for IoT Market Research Report
By Type
Chemical Batteries, Thin-film Batteries, Printed Batteries, Solid-state Chip Batteries
By Application
Wearable Devices, Consumer Electronics, Healthcare, Home Automation, Smart Packaging
By Companies
Duracell, Energizer, Panasonic, LG Chem, STmicroelectronics, Samsung SDI, Jenax Inc, Cymbet Corporation Inc, Ultralife Corporation, Ilika Plc, Imprint Energy Inc, Blue Spark Technologies Inc, Enfucell Oy, BrightVolt Inc, Power Paper Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Battery for IoT Market Report Segments:
The global Battery for IoT market is segmented on the basis of:
Types
Chemical Batteries, Thin-film Batteries, Printed Batteries, Solid-state Chip Batteries
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wearable Devices, Consumer Electronics, Healthcare, Home Automation, Smart Packaging
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Duracell
- Energizer
- Panasonic
- LG Chem
- STmicroelectronics
- Samsung SDI
- Jenax Inc
- Cymbet Corporation Inc
- Ultralife Corporation
- Ilika Plc
- Imprint Energy Inc
- Blue Spark Technologies Inc
- Enfucell Oy
- BrightVolt Inc
- Power Paper Ltd
Highlights of The Battery for IoT Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chemical Batteries
- Thin-film Batteries
- Printed Batteries
- Solid-state Chip Batteries
- By Application:
- Wearable Devices
- Consumer Electronics
- Healthcare
- Home Automation
- Smart Packaging
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Battery for IoT Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A battery for IoT is a small, portable power source that can be used to keep devices running when they are not connected to an electrical outlet. These batteries can also be used to store energy when the device is not in use.
Some of the major players in the battery for iot market are Duracell, Energizer, Panasonic, LG Chem, STmicroelectronics, Samsung SDI, Jenax Inc, Cymbet Corporation Inc, Ultralife Corporation, Ilika Plc, Imprint Energy Inc, Blue Spark Technologies Inc, Enfucell Oy, BrightVolt Inc, Power Paper Ltd.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery for IoT Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery for IoT Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery for IoT Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery for IoT Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery for IoT Market Size & Forecast, 2020-2028
4.5.1 Battery for IoT Market Size and Y-o-Y Growth
4.5.2 Battery for IoT Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chemical Batteries
5.2.2 Thin-film Batteries
5.2.3 Printed Batteries
5.2.4 Solid-state Chip Batteries
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Wearable Devices
6.2.2 Consumer Electronics
6.2.3 Healthcare
6.2.4 Home Automation
6.2.5 Smart Packaging
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery for IoT Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery for IoT Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chemical Batteries
9.6.2 Thin-film Batteries
9.6.3 Printed Batteries
9.6.4 Solid-state Chip Batteries
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Wearable Devices
9.10.2 Consumer Electronics
9.10.3 Healthcare
9.10.4 Home Automation
9.10.5 Smart Packaging
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chemical Batteries
10.6.2 Thin-film Batteries
10.6.3 Printed Batteries
10.6.4 Solid-state Chip Batteries
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Wearable Devices
10.10.2 Consumer Electronics
10.10.3 Healthcare
10.10.4 Home Automation
10.10.5 Smart Packaging
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chemical Batteries
11.6.2 Thin-film Batteries
11.6.3 Printed Batteries
11.6.4 Solid-state Chip Batteries
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Wearable Devices
11.10.2 Consumer Electronics
11.10.3 Healthcare
11.10.4 Home Automation
11.10.5 Smart Packaging
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chemical Batteries
12.6.2 Thin-film Batteries
12.6.3 Printed Batteries
12.6.4 Solid-state Chip Batteries
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Wearable Devices
12.10.2 Consumer Electronics
12.10.3 Healthcare
12.10.4 Home Automation
12.10.5 Smart Packaging
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chemical Batteries
13.6.2 Thin-film Batteries
13.6.3 Printed Batteries
13.6.4 Solid-state Chip Batteries
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Wearable Devices
13.10.2 Consumer Electronics
13.10.3 Healthcare
13.10.4 Home Automation
13.10.5 Smart Packaging
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery for IoT Market: Competitive Dashboard
14.2 Global Battery for IoT Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Duracell
14.3.2 Energizer
14.3.3 Panasonic
14.3.4 LG Chem
14.3.5 STmicroelectronics
14.3.6 Samsung SDI
14.3.7 Jenax Inc
14.3.8 Cymbet Corporation Inc
14.3.9 Ultralife Corporation
14.3.10 Ilika Plc
14.3.11 Imprint Energy Inc
14.3.12 Blue Spark Technologies Inc
14.3.13 Enfucell Oy
14.3.14 BrightVolt Inc
14.3.15 Power Paper Ltd
