IoT Batteries Market Definition
The IoT batteries market is an integral branch of the smart devices industry. This industry deals in developing and distributing long-lasting batteries for powering IoT-based devices. These batteries have several advantages, such as long life, compact size, low maintenance, high power density, high safety, wireless connectivity, sustainability, and others. The various types of batteries available in the market consist of lithium-ion, lithium-sulfur, solid-state, and others. This market is likely to rise significantly with the growth of semiconductor and electronics industry across the world.
The rising adoption of IoT devices and technological advancements in battery technologies have driven the market growth. Also, the growing developments in primary and secondary batteries for IoT devices and the rise in R&D activities for developing flexible and thin batteries are crucial for market expansion. Moreover, the increased applications of IoT batteries in various sectors, including consumer electronics, healthcare, automotive, industrial, retail, BFSI, agriculture, and others, are projected to drive the growth of the IoT batteries market.
Advancements in solid-state battery technologies, along with a growing emphasis on energy harvesting worldwide, are expected to create ample growth opportunities for market players in the future. In September 2024, Energizer Portable Power launched a new range of charging solutions in India. These new series consist of IoT batteries, charging pads, power banks, and others.
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