Global Battery Market for Internet of Things (IOT) Market – Industry Trends and Forecast to 2032

Battery Market for Internet of Things (IOT) Market Size

• The global Battery Market for Internet of Things (IOT) market was valued atUSD 14.21 billion in 2024and is expected to reachUSD 33.95 billion by 2032
• During the forecast period of 2025 to 2032 the market is likely to grow at aCAGR of 11.50%,primarily driven by rapid expansion of smart devices
• This growth is driven by increasing demand for low-power energy solutions and advancements in wireless connectivity technologies

Battery Market for Internet of Things (IOT) Market Analysis

• 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 forwireless connectivityin various industries
• The market expansion is fueled by advancements inlow-power battery technologies, government initiatives forsmart citydevelopment, and the rising interest of private companies in IoT-driven automation
• North Americaleads 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 theU.S., companies such asTeslaandEnergizerare actively developinghigh-density batteriesto support long-lasting IoT devices
• Asia-Pacificis expected to witness thehighest CAGR, driven by increasing investments in 5G connectivity, government-backed initiatives for smart infrastructure, and growing partnerships betweenChina, India,andJapanin IoT technology development
• Emerging technologies such as solid-state batteries, energy harvesting solutions, andAI-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

Report Scope andBattery Market for Internet of Things (IOT) Market Segmentation 

Battery Market for Internet of Things (IOT) Market Trends

“Advancements in Low-Power Battery Technologies for IoT Devices”

• One of the key trends in the battery market for internet of things (IoT) is the rapid development oflow-power energy solutions, enhancing device longevity and reducing battery replacement frequency in connected systems
• The integration ofAI-driven battery management, energy harvesting technologies, and ultra-low-power circuits has significantly improved the efficiency and performance of IoT-powered applications
• For instance, companies such asSTMicroelectronicsandCymbetare developing solid-state batteries that offer higher energy density and longer lifespan for IoT-enabled devices
• Manufacturers are focusing on self-sustaining power solutions such as wireless energy transfer, solar-assisted charging, and biodegradable batteries, allowing IoT systems to operate efficiently with minimal external power dependency
• This trend is reshaping the battery market for internet of things (IoT) by accelerating smart infrastructure development, fostering new investment opportunities, and driving advancements in sustainable power solutions for long-term industry growth

Battery Market for Internet of Things (IOT) Market Dynamics

Driver

“Growing Adoption of Energy-Efficient and Sustainable Batteries”

• The battery market for internet of things (IoT) is witnessing substantial growth due to the increasing demand for energy-efficient batteries, which enhance device longevity and reduce maintenance costs in connected systems
• The shift toward sustainable power solutions, driven by concerns over electronic waste and environmental impact, is encouraging the development of biodegradable and rechargeable batteries for IoT applications
• For instance, companies such asIlikaandBlue Spark Technologiesare investing in solid-state battery technology, aiming to improve energy density and reduce reliance on traditional lithium-based solutions
• Governments and private enterprises are supporting research into low-power energy harvesting, wireless charging innovations, and self-sustaining battery systems to optimize power usage across IoT networks
• This driver is set to accelerate the battery market for internet of things (IoT) by promoting sustainable energy solutions, enhancing IoT device efficiency, and transforming power management strategies in smart ecosystems

Opportunity

“Rising Investments in Sustainable and Long-Lasting Battery Solutions”

• The battery market for internet of things (IoT) is poised for significant expansion as companies and governments invest in sustainable battery solutions to enhance IoT device efficiency and reduce power consumption in connected ecosystems
• The growing adoption of wearable devices, smarthome automation, and industrial IoT applications is driving demand for long-lasting, low-maintenance batteries that can power devices for extended periods without frequent replacements
• For instance, companies such asCymbetandJenax Inc.are developing flexible and solid-state batteries, aiming to improve energy storage capacity while maintaining compact form factors for next-generation IoT devices
• Advancements in wireless energy transfer, self-charging battery technologies, and energy harvesting systems are making the battery market for internet of things (IoT) more efficient, attracting investments from both private firms and technology innovators
• This opportunity is expected to drive the long-term growth of the battery market for internet of things (IoT) industry by enabling power-efficient IoT ecosystems, reducing battery waste, and supporting the evolution of next-gen smart technologies

Restraint/Challenge

“High Costs in IoT Battery Development”

• The battery market for internet of things (IoT) faces significant challenge due to the high costs associated with developing efficient, long-lasting batteries for IoT applications
• Designing miniaturized, high-capacity batteries with extended lifespans while ensuring cost-effectiveness and energy efficiency requires substantial investments, making large-scale IoT battery production financially demanding
• For instance, companies such asSTMicroelectronicsandIlikahave encountered challenges in scaling up solid-state battery production, leading to higher costs and delayed adoption in consumer electronics and wearable IoT devices
• In addition, the lack of standardized battery technologies and interoperability issues across IoT ecosystems create compatibility concerns, slowing down market adoption
• Overcoming these challenges will require advancements innanotechnology, wireless charging solutions, and self-sustaining energy systems, ensuring the feasibility of next-generation IoT battery innovations in the long run

Battery Market for Internet of Things (IOT) Market Scope

The market is segmented on the basis of type, rechargeability, and end use application.

Battery Market for Internet of Things (IOT) Market Regional Analysis

“North America is the Dominant Region in the Battery Market for Internet of Things (IOT) Market”

• North Americaholds the largest market share in the globalBattery Market for Internet of Things (IoT), driven by rapid advancements insmart devices, increasing adoption ofwireless sensor networks, and strong government support forIoT infrastructure
• TheU.S.leads the region due to its well-establishedtech ecosystem, presence of keyIoT battery manufacturers, and strategic partnerships betweentechnology firmsandenergy storage innovators
• The availability ofhigh-density batteries, AI-drivenenergy management systems, and enhancedpower optimization technologieshas further fueled market expansion
• In addition, growing interest insustainable energy solutions, increasing funding forIoT-enabled industries, and rising collaborations betweensmart grid developersand private firms contribute to the growth of thebattery market for internet of things (IoT)acrossNorth America

“Asia-Pacific is projected to register the Highest Growth Rate”

• Asia-Pacificis projected to witness the highestCAGRin thebattery market for internet of things (IoT), driven by increasing investments insmart cities, advancements inenergy-efficient batteries, and rising adoption ofIoT-enabled infrastructure
• Countries such asChina, India, and Japanare leading the market due to their rapidindustrial digitization,expanding government support forIoT deployment, and growing participation ofprivate technology firms
• The development ofAI-powered battery management systems, improvedlow-power energy solutions,and the integration ofwireless charging technologiesare further accelerating market growth
• In addition, international collaborations inIoT standardization, rising demand forconnected devices, and increasing funding foredge computing innovationsare contributing to the rapid expansion of thebattery market for internet of things (IoT)acrossAsia-Pacific

Battery Market for Internet of Things (IOT) Market Share

The market 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, global presence, production sites and facilities, production capacities, 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 market.

The Major Market Leaders Operating in the Market Are:

• Duracell Inc. (U.S.)
• Energizer (U.S.)
• Panasonic Corporation (Japan)
• LG Chem (South Korea)
• SAMSUNG SDI (South Korea)
• STMicroelectronics (Switzerland)
• Cymbet (U.S.)
• Ultralife Corporation (U.S.)
• Unreasonable Group (U.S.)
• Ilika (U.K.)
• Blue Spark Technologies, Inc. (U.S.)
• Enfucell (Finland)
• Future Electronics (Canada)
• Saft (France)
• Jenax Inc. (South Korea)
• KLA Corporation (U.S.)
• Fullriver Battery (China)
• ITEN (France)
• Rocket Poland Sp. z o.o. (Poland)
• Kemsys Technologies India Pvt Ltd. (India)

Latest Developments in Global Battery Market for Internet of Things (IOT) Market

• In June 2024, OnePluslaunched the"Glacier Battery"in collaboration with Contemporary Amperex Technology Limited. The company announced that this innovation enhances smartphone battery capacity while reducing its size, allowing OnePlus to integrate a 6,100 mAh battery into the OnePlus Ace 3 Pro smartphone
• In April 2024, Qualcommintroduced a newWi-Fi System-on-Chip (SoC)calledQCC730, designed for ultra-low power consumption. The company asserts that this breakthrough will enable Wi-Fi to compete with Bluetooth as the leading technology for battery-powered IoT devices across various industries
• In August 2023, Digital Matterexpanded itsIoT asset monitoring rangeby incorporating 4G Cat 1bis and 2G connectivity. This enhancement provides global visibility of assets, strengthening its presence in the low-power IoT tracking sector
• In June 2022, Wiliotlaunched itsBattery-Assisted IoT Pixel tag, a business card-sized innovation designed to disrupt the battery-powered tag market. The new device leverages ultra-power-efficient cloud and chip technology to optimize performance
• In May 2022, Powermat Technologiesintroduced thePowermat PMT 100Wireless Power Solution, tailored to meet the power needs of small medical, lifestyle, and smart home IoT devices

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