Batteries (Global Market)

• Lithium ion batteries (Li-ion)
• Lithium Polymer Batteries

Batteries (Russian market)

Main article: Batteries (Russian market)

2019: IoT battery sales - $8.7 billion

At the end of May 2020, the analytical company ResearchAndMarkets published some results of a study of the global battery market for Internet of Things equipment and estimated its volume at $8.7 billion at the end of 2019. Experts did not specify the dynamics and only noted that sales of such batteries are on the rise.

The main factors influencing the growth of the market are the repeated growth in demand for IoT and the increase in the use of IoT-enabled devices, the increase in global demand for wireless communications, a surge in activity in the field of research and development of advanced, flexible and thin batteries, as well as an increase in demand for such batteries used in IoT-enabled devices. However, the growth of the market is hampered by the high initial costs associated with the development of thin and flexible batteries and the environmental consequences of recycling battery waste.

The battery market for IoT devices was estimated at $8.7 billion in 2019

Mainly in devices IoT lithium batteries are used - they are used in wearables, home automation devices, in the field of retail, aerospace and defense. Features such as high energy density are a key factor in the increase in the use of these batteries.

Primary batteries are used in products that do not require high power and have a limited life. These batteries are becoming increasingly popular in areas such as smart packaging, smart cards, home automation, retail, medical and cosmetic patches because they have less self-discharge time than rechargeable thin film batteries.

The home automation segment has become the largest segment of the battery market for IoT in 2019. The demand for energy-efficient solutions, increased security, increased venture capital financing and the constant need to improve people's living standards have led to the growth of the battery market for IoT used in home automation.^[1]

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