Press release
Battery for IoT Market is Expected to Grow Considerably, Innovations in Next Generation Technologies would Pave the Way for Growth | Panasonic Corp, Duracell Inc, LG Chem Ltd, STMicroelectronics, Ultralife corp, Samsung SDI
Battery for IoT
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Major Players in Battery for IoT Market
Key Market Players Panasonic Corporation, Duracell Inc, LG Chem Ltd, STMicroelectronics N.V, Ultralife corporation, Samsung SDI Co, Cymbet Corporation, Enfucell OY, Rocket Electric Co. Ltd, SAFT Groupe SA
These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the emergency station industry and develop new products for enhancing product portfolio.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Increase in adoption of IoT enabled devices, multi fold rise in use of IoT and increase in applications in advanced and portable equipment boost the battery for IoT market growth. However, availability of substitute products and varying raw material prices hinder the market growth. Moreover, increase in demand for wireless communications, rise in demand for thin and flexible batteries, surge in R&D to develop advanced devices, and investments in automation are expected to fuel the market growth in the future.
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New product launches to flourish the market
Partnership was carried between General motors and LG Chem to mass produce battery cells for future battery powered electric vehicles. This enables low cost advanced battery solutions. A new battery management technology that measures electrochemical impedance of batteries to evaluate the residual value of lithium ion batteries in devices was developed by Panasonic in the year 2019. It would be used in applications of devices that contain lithium ion battery modules. Thus, these products boost the battery for IoT market growth.
Surge in usage in aerospace & defense industry
To ensure integration and connectivity of aircraft, systems, and people to the internet, IoT technology is being used on a large scale in the aerospace industry. Comprehensive machine data is captured by sensors, which are present in various IoT devices. These sensors are critical and are installed in machines, vehicles, and aerospace & defense equipment. Moreover, airlines can improve their baggage handling and equipment monitoring by using IoT. Thus, there is surge in use of battery for IoT in the aerospace & defense industry, which boosts the battery for IoT market share.
Battery for IoT Market Report Highlights
By Type
• Printed Batteries
• Chemical Batteries
• Thin Film Batteries
• Solid State Chip Batteries
By Rechargebility
• Primary Batteries
• Secondary Batteries
By End User
• Consumer Electronics
• Home Automation
• Wearable Devices
• BFSI
• Industrial
• Retail
• Agriculture
• Aerospace & Defense
• Healthcare
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Panasonic Corporation, Duracell Inc, LG Chem Ltd, STMicroelectronics N.V, Ultralife corporation, Samsung SDI Co, Cymbet Corporation, Enfucell OY, Rocket Electric Co. Ltd, SAFT Groupe SA
Report Summary: https://www.alliedmarketresearch.com/battery-for-iot-market-A06866
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