The global battery market for IoT is expected to grow from $9.2 billion in 2020 to $15.9 billion in 2025. It grows at a CAGR of 11% from 2020 to 2025. The key factors driving the market growth are multiple times increase in IoT use, increasing adoption of IoT-enabled devices, growing global demand for wireless communications, rapid surge in R&D activities to develop flexible and thin high-tech batteries and use in IoT-enabled devices. There is an increasing demand for thin and flexible batteries to be used.
A full report of Battery for IoT Market is available at: https://www.orionmarketreports.com/battery-for-iot-market/45332/.
Battery for IoT Market Key Segments:
Based on type:
• Chemical Batteries (Lithium Batteries, Alkaline Batteries, Others)
• Thin-film Batteries
• Printed Batteries
• Solid-state Chip Batteries
Based on rechargeability:
• Primary Batteries
• Secondary Batteries
Based on end-use application:
• Wearable Devices
• Consumer Electronics
• Healthcare
• Home Automation
• Retail
• Banking, Financial Services, and Insurance (BFSI)
• Aerospace & Defense
• Industrial
• Agriculture
• Smart Packaging
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
