As per Intent Market Research, the IoT Battery Market was valued at USD 5.2 Billion in 2024-e and will surpass USD 12.5 Billion by 2030; growing at a CAGR of 15.8% during 2025 - 2030.
The IoT battery market has seen significant expansion with the rise in the adoption of connected devices and the growing demand for efficient, long-lasting, and reliable energy storage solutions. As the Internet of Things (IoT) continues to transform industries such as consumer electronics, healthcare, and automotive, the need for advanced battery technologies has become more critical. IoT applications, from smart home devices to wearable tech, require batteries that are compact, lightweight, and capable of supporting high-performance features like wireless connectivity, sensors, and real-time data collection. The IoT battery market is fueled by advancements in battery technologies, including lithium-ion, nickel-metal hydride, and energy harvesting systems, to meet the energy demands of these connected devices.
The key drivers for growth in the IoT battery market include the increasing number of IoT-connected devices, the need for efficient power management, and the drive for longer battery life. As more industries adopt IoT technologies, there is a rising focus on developing batteries with higher energy density, faster charging capabilities, and longer lifespan. Additionally, energy-efficient technologies such as wireless charging and energy harvesting are gaining traction, allowing IoT devices to operate sustainably without frequent battery replacements. This combination of evolving battery technologies and growing IoT applications is expected to continue propelling market growth in the years to come.
Lithium-Ion Batteries Are Largest Owing to Their High Energy Density and Versatility
The lithium-ion battery is the largest segment in the IoT battery market, owing to its high energy density, long cycle life, and versatility across various IoT applications. Lithium-ion batteries are widely preferred for powering a broad range of IoT devices, including wearables, smart home devices, IoT sensors, and other connected electronics. Their lightweight nature and ability to store more energy in a smaller form factor make them the ideal choice for portable IoT devices that require efficient power management and longer battery life.
Lithium-ion batteries also offer rapid charging capabilities and high efficiency, making them suitable for high-performance applications such as wearable health devices, automotive IoT systems, and smart home automation devices. As the demand for IoT devices continues to increase, the lithium-ion battery segment is poised to maintain its dominance, with manufacturers focusing on improving energy density, safety, and cost-effectiveness. This segment's growth is also supported by ongoing advancements in lithium-ion technology, which enhance the overall performance of IoT devices.
Energy Harvesting Technology Is Fastest Growing Owing to Sustainability and Efficiency
Energy harvesting technology is the fastest-growing segment in the IoT battery market, driven by its ability to provide sustainable, off-grid power for IoT devices. Energy harvesting captures and stores energy from ambient sources such as light, heat, motion, or vibration, enabling IoT devices to operate without the need for frequent battery replacements or recharging. This technology is particularly beneficial for devices deployed in remote or hard-to-reach locations, where traditional battery charging is not feasible.
Energy harvesting is increasingly being integrated into low-power IoT devices, such as wireless sensors and wearables, to extend battery life and reduce maintenance costs. This technology is also gaining traction in industrial IoT (IIoT) applications, where energy-efficient sensors can collect and transmit real-time data without the need for constant power supply. As the demand for sustainable, long-lasting power solutions grows, energy harvesting is expected to become a significant contributor to the IoT battery market, especially in applications where environmental sustainability and efficiency are top priorities.
Consumer Electronics Is Largest End-Use Industry Due to High Adoption of IoT Devices
The consumer electronics sector is the largest end-use industry in the IoT battery market, driven by the widespread adoption of connected devices such as smartphones, tablets, smartwatches, wearables, and smart home products. As IoT technology becomes an integral part of modern consumer electronics, the demand for efficient, compact, and long-lasting batteries is intensifying. These devices rely on IoT functionality to provide features like remote control, real-time data synchronization, and connectivity, all of which require reliable energy storage solutions.
The growing popularity of smart home devices, including voice assistants, security cameras, and connected appliances, is also contributing to the increased demand for IoT batteries in the consumer electronics segment. Additionally, wearables such as fitness trackers and health monitoring devices are becoming more mainstream, driving the need for advanced battery technologies that offer both performance and longevity. As consumer electronics continue to evolve, the demand for high-performance batteries in IoT devices will keep driving market growth.
North America Is Largest Region Owing to Advanced Technology Adoption
North America is the largest region in the IoT battery market, driven by the high adoption rate of IoT technologies across key industries such as consumer electronics, automotive, healthcare, and manufacturing. The United States, in particular, is a global leader in the IoT space, with widespread use of IoT devices and increasing investments in smart infrastructure and connected systems. The region's emphasis on technological innovation and research, coupled with the growing demand for connected devices, contributes significantly to the market's growth.
In North America, the consumer electronics and automotive sectors are particularly influential, with companies investing in advanced IoT solutions and battery technologies for applications like electric vehicles, smart homes, and wearable devices. Additionally, North America's strong manufacturing base, coupled with the presence of major players in the battery and IoT industries, ensures continued dominance in the global market. As IoT technologies continue to mature, North America is expected to maintain its leadership position in the IoT battery market.
Leading Companies and Competitive Landscape
The IoT battery market is highly competitive, with a range of global and regional players involved in the development and manufacturing of advanced battery technologies for IoT applications. Leading companies in the market include Panasonic Corporation, Samsung SDI, LG Chem, BYD Company, and Energizer Holdings, among others. These companies are focusing on innovation, product development, and partnerships to cater to the growing demand for high-performance IoT batteries.
The competitive landscape is characterized by continuous innovation, especially in lithium-ion battery technology and energy harvesting solutions. Manufacturers are focusing on enhancing energy density, improving charging efficiency, and ensuring battery safety to meet the evolving needs of IoT applications. The market is also seeing a growing emphasis on sustainability, with companies exploring eco-friendly materials and production methods for batteries. As the demand for connected devices and IoT applications increases, the competitive landscape is expected to remain dynamic, with companies seeking to establish themselves as leaders in the rapidly growing market.
Recent Developments:
- Panasonic Corporation launched a new series of high-capacity IoT batteries designed to enhance the performance of smart home devices and connected vehicles.
- LG Chem Ltd. announced the development of an advanced solid-state battery for IoT applications, aimed at providing longer battery life and higher efficiency.
- A123 Systems LLC entered a partnership with a major automotive manufacturer to supply IoT batteries for electric vehicle systems.
- Sony Corporation introduced a new lithium-ion battery for industrial IoT applications, enhancing energy efficiency and durability for sensors and connected equipment.
- VARTA AG unveiled a new wireless charging system integrated with IoT batteries, aimed at improving convenience and reducing charging time for wearables.
List of Leading Companies:
- Panasonic Corporation
- LG Chem Ltd.
- Samsung SDI Co., Ltd.
- BYD Company Ltd.
- Sony Corporation
- Duracell Inc.
- Toshiba Corporation
- EVE Energy Co., Ltd.
- A123 Systems LLC
- Sanyo Electric Co., Ltd.
- VARTA AG
- Enersys
- Johnson Controls International PLC
- Maxell Ltd.
- Fuji Electric Co., Ltd.
Report Scope:
Report Features |
Description |
Market Size (2024-e) |
USD 5.2 Billion |
Forecasted Value (2030) |
USD 12.5 Billion |
CAGR (2025 – 2030) |
15.8% |
Base Year for Estimation |
2024-e |
Historic Year |
2023 |
Forecast Period |
2025 – 2030 |
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
Segments Covered |
Global IoT Battery Market by Battery Type (Lithium-ion, Nickel-Metal Hydride (NiMH), Lead Acid), by Technology (Wireless Charging, Energy Harvesting), by Application (Wearables, Smart Home Devices, IoT Sensors), by End-Use Industry (Consumer Electronics, Automotive, Healthcare), and by Region |
Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
Major Companies |
Panasonic Corporation, LG Chem Ltd., Samsung SDI Co., Ltd., BYD Company Ltd., Sony Corporation, Duracell Inc., EVE Energy Co., Ltd., A123 Systems LLC, Sanyo Electric Co., Ltd., VARTA AG, Enersys, Johnson Controls International PLC, Fuji Electric Co., Ltd. |
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
1. Introduction |
1.1. Market Definition |
1.2. Scope of the Study |
1.3. Research Assumptions |
1.4. Study Limitations |
2. Research Methodology |
2.1. Research Approach |
2.1.1. Top-Down Method |
2.1.2. Bottom-Up Method |
2.1.3. Factor Impact Analysis |
2.2. Insights & Data Collection Process |
2.2.1. Secondary Research |
2.2.2. Primary Research |
2.3. Data Mining Process |
2.3.1. Data Analysis |
2.3.2. Data Validation and Revalidation |
2.3.3. Data Triangulation |
3. Executive Summary |
3.1. Major Markets & Segments |
3.2. Highest Growing Regions and Respective Countries |
3.3. Impact of Growth Drivers & Inhibitors |
3.4. Regulatory Overview by Country |
4. IoT Battery Market, by Battery Type (Market Size & Forecast: USD Million, 2023 – 2030) |
4.1. Lithium-ion |
4.2. Nickel-Metal Hydride (NiMH) |
4.3. Lead Acid |
4.4. Others |
5. IoT Battery Market, by Technology (Market Size & Forecast: USD Million, 2023 – 2030) |
5.1. Wireless Charging |
5.2. Energy Harvesting |
6. IoT Battery Market, by Application (Market Size & Forecast: USD Million, 2023 – 2030) |
6.1. Wearables |
6.2. Smart Home Devices |
6.3. IoT Sensors |
6.4. Others |
7. IoT Battery Market, by End-Use Industry (Market Size & Forecast: USD Million, 2023 – 2030) |
7.1. Consumer Electronics |
7.2. Automotive |
7.3. Healthcare |
7.4. Others |
8. Regional Analysis (Market Size & Forecast: USD Million, 2023 – 2030) |
8.1. Regional Overview |
8.2. North America |
8.2.1. Regional Trends & Growth Drivers |
8.2.2. Barriers & Challenges |
8.2.3. Opportunities |
8.2.4. Factor Impact Analysis |
8.2.5. Technology Trends |
8.2.6. North America IoT Battery Market, by Battery Type |
8.2.7. North America IoT Battery Market, by Technology |
8.2.8. North America IoT Battery Market, by Application |
8.2.9. North America IoT Battery Market, by End-Use Industry |
8.2.10. By Country |
8.2.10.1. US |
8.2.10.1.1. US IoT Battery Market, by Battery Type |
8.2.10.1.2. US IoT Battery Market, by Technology |
8.2.10.1.3. US IoT Battery Market, by Application |
8.2.10.1.4. US IoT Battery Market, by End-Use Industry |
8.2.10.2. Canada |
8.2.10.3. Mexico |
*Similar segmentation will be provided for each region and country |
8.3. Europe |
8.4. Asia-Pacific |
8.5. Latin America |
8.6. Middle East & Africa |
9. Competitive Landscape |
9.1. Overview of the Key Players |
9.2. Competitive Ecosystem |
9.2.1. Level of Fragmentation |
9.2.2. Market Consolidation |
9.2.3. Product Innovation |
9.3. Company Share Analysis |
9.4. Company Benchmarking Matrix |
9.4.1. Strategic Overview |
9.4.2. Product Innovations |
9.5. Start-up Ecosystem |
9.6. Strategic Competitive Insights/ Customer Imperatives |
9.7. ESG Matrix/ Sustainability Matrix |
9.8. Manufacturing Network |
9.8.1. Locations |
9.8.2. Supply Chain and Logistics |
9.8.3. Product Flexibility/Customization |
9.8.4. Digital Transformation and Connectivity |
9.8.5. Environmental and Regulatory Compliance |
9.9. Technology Readiness Level Matrix |
9.10. Technology Maturity Curve |
9.11. Buying Criteria |
10. Company Profiles |
10.1. Panasonic Corporation |
10.1.1. Company Overview |
10.1.2. Company Financials |
10.1.3. Product/Service Portfolio |
10.1.4. Recent Developments |
10.1.5. IMR Analysis |
*Similar information will be provided for other companies |
10.2. LG Chem Ltd. |
10.3. Samsung SDI Co., Ltd. |
10.4. BYD Company Ltd. |
10.5. Sony Corporation |
10.6. Duracell Inc. |
10.7. Toshiba Corporation |
10.8. EVE Energy Co., Ltd. |
10.9. A123 Systems LLC |
10.10. Sanyo Electric Co., Ltd. |
10.11. VARTA AG |
10.12. Enersys |
10.13. Johnson Controls International PLC |
10.14. Maxell Ltd. |
10.15. Fuji Electric Co., Ltd. |
11. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the IoT Battery Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the IoT Battery Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the IoT Battery Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.
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