IoT Battery Market - Top Companies and Manufacturers

  • Report ID: 6308
  • Published Date: Aug 08, 2024
  • Report Format: PDF, PPT

Companies Dominating the IoT Battery Landscape

    The market dynamics for IoT batteries is characterized by the presence of multiple players striving to develop contemporary battery solutions. These firms that are involved are leading the way in offering dependable, effective, and environmentally friendly power sources for the interconnected world, influencing the future of batteries for the Internet of Things. The prominent participants in IoT battery market comprise:

    • Duracell Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • LG Chem Ltd
    • AFT Group
    • STMicroelectronics
    • Ultralife corporation
    • Cymbet Corporation
    • Enfucell OY
    • Rocket Electric Co. Ltd
    • Tadiran Batteries
    • Samsung SDI Co

Browse Key Market Insights with Data Illustration:

In the News

  • In June 2024, OnePlus launched “Glacier Battery” together with Contemporary Amperex Technology Limited. The latter stated on Weibo that the technology will improve smartphone battery capacity while reducing battery size. OnePlus claims it used this breakthrough technology to include a 6,100 mAh battery in its OnePlus Ace 3 Pro smartphone.
  • In January 2023, LG Energy Solution signed a MoU with Hanwha Solutions to form a collaborative partnership in the battery industry. Through this Memorandum, LGES and partners will invest in the development of energy storage systems (ESS) battery production lines in the U.S. This strategic move aims to solidify LGES's position as a market leader in the rapidly expanding ESS industry, which is a crucial component of the U.S. green energy policies. The companies will collaborate to optimize the combined effects and broaden the use of batteries in upcoming areas of transportation, which includes Urban Air Mobility (UAM).
  • In 2022, Duracell introduced POWER BOOST Ingredients in its Optimum and Coppertop AA/AAA batteries. Duracell has introduced a significant enhancement to its safety system for lithium coin batteries. Additionally, incorporating child-resistant packaging and safety warnings on the packaging and batteries, a bitter coating has been applied to prevent unintentional consumption. The 2032, 2025, and 2016 lithium coin batteries are loaded with a non-toxic bitter chemical that is specifically developed to deter ingestion and ensure the safety of minors.

Author Credits:  Abhishek Verma


  • Report ID: 6308
  • Published Date: Aug 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of IoT battery was valued at USD 9.5 billion.

The market size for IoT battery is expected to cross USD 25.9 billion by the end of 2036 expanding at a CAGR of 10.1% during the forecast period i.e., between 2024-2036.

The major players in the market are LG Chem Ltd, AFT Group, STMicroelectronics, Ultralife corporation, Cymbet Corporation, Enfucell, Rocket Electric Co. Ltd, Tadiran Batteries, Samsung SDI Co, and others.

The chemical battery segment is anticipated to garner a significant share during 2024-2036.

North America IoT battery sector is poised to hold 35.0% share by the end of 2036.
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