Global Battery Market for IoT Size Study & Forecast, by Battery Type, Rechargeability, and Application and Regional Forecasts 2025-2035

Description

The Global Battery Market for IoT is valued approximately at USD 11.55 billion in 2024 and is projected to grow at a CAGR of 9.64% during the forecast period 2025-2035. Batteries are the lifeblood of the Internet of Things (IoT) ecosystem, powering a vast array of connected devices across industrial, consumer, healthcare, and agricultural applications. They serve as indispensable energy sources that ensure continuous operation of sensors, wearable devices, smart meters, and automotive telematics modules. The escalating deployment of IoT devices worldwide, coupled with advancements in low-power electronics and wireless connectivity, has substantially intensified the demand for high-performance, long-life batteries. Furthermore, innovations in energy density, rechargeability, and sustainability are enabling manufacturers to enhance battery efficiency while meeting stringent environmental standards.

The rapid proliferation of IoT devices across verticals such as healthcare, automotive, and industrial automation is driving exponential growth in battery demand. For instance, wearable healthcare monitors, industrial sensors, and smart retail systems require compact, reliable, and durable power sources capable of sustaining continuous operation under diverse environmental conditions. According to industry reports, global IoT device connections surpassed 14 billion in 2023 and are expected to grow significantly by 2035, highlighting the critical role of batteries in supporting this expansion. At the same time, emerging technologies such as solid-state batteries and lithium-sulfur chemistry offer promising avenues for enhanced energy density, safety, and operational longevity, which further propels the market. Nevertheless, challenges such as high production costs, safety considerations, and recycling complexities remain pivotal factors influencing adoption.

The detailed segments and sub-segments included in the report are:

By Battery Type:

Lithium-Ion
Lithium-Sulfur
Solid-State
Others

By Rechargeability:

Primary Batteries
Secondary Batteries

By Applications:

Consumer Electronics
Healthcare
Automotive
Industrial
Retail
BFSI
Agriculture
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
Taiwan
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
Among the various battery types, Lithium-Ion batteries are expected to dominate the market due to their high energy density, extended lifecycle, and widespread compatibility with IoT devices. The increasing integration of Lithium-Ion batteries in consumer electronics, automotive telematics, and industrial IoT sensors ensures stable growth in demand. While Lithium-Ion remains the market leader in revenue and adoption, solid-state and lithium-sulfur batteries are emerging as attractive alternatives, offering superior safety, energy density, and potential for miniaturization in next-generation IoT devices.
When segmented by rechargeability, secondary (rechargeable) batteries currently lead the revenue contribution owing to their cost-effectiveness, longer lifespan, and suitability for high-usage IoT applications. Secondary batteries provide significant advantages for industrial sensors, smart meters, and wearable devices, where frequent battery replacement is impractical. Meanwhile, primary batteries continue to hold relevance in low-power, infrequent-use IoT applications, such as remote sensors and low-maintenance agricultural monitoring systems. This segmentation indicates a nuanced market dynamic: rechargeable batteries dominate in terms of sustained adoption, while primary batteries remain indispensable for specific use cases.
The key regions considered for the Global Battery Market for IoT study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America led the market in 2025 due to its mature IoT ecosystem, advanced R&D capabilities, and early adoption of smart technologies across industrial and consumer sectors. Asia Pacific is projected to witness the fastest growth over the forecast period, driven by rapidly expanding IoT deployments in China, India, Japan, and South Korea, coupled with robust government initiatives promoting smart infrastructure, industrial automation, and consumer electronics adoption. Europe maintains a stable growth trajectory, bolstered by energy-efficient initiatives and widespread adoption of smart devices, while Latin America and the Middle East & Africa are gradually expanding their IoT ecosystems, creating new opportunities for battery manufacturers.

Major market players included in this report are:

Panasonic Corporation
LG Chem Ltd.
Samsung SDI Co., Ltd.
Sony Corporation
BYD Company Limited
Contemporary Amperex Technology Co. Ltd. (CATL)
Toshiba Corporation
Hitachi Chemical Company
EVE Energy Co., Ltd.
Envision AESC
VARTA AG
Saft Groupe S.A.
Johnson Controls International plc
Exide Industries Limited
Boston Power, Inc.

Global Battery Market for IoT Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments and countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Battery Market for IoT Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Battery Market for IoT Forces Analysis

3.1. Market Forces Shaping The Global Battery Market for IoT (2024-2035)
3.2. Drivers
- 3.2.1. escalating deployment of IoT devices worldwide
- 3.2.2. advancements in low-power electronics and wireless connectivity
3.3. Restraints
- 3.3.1. high production costs
3.4. Opportunities
- 3.4.1. rapid proliferation of IoT devices across verticals

Chapter 4. Global Battery Market for IoT Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Battery Market for IoT Size & Forecasts by Battery Type 2025-2035

5.1. Market Overview
5.2. Global Battery Market for IoT Performance - Potential Analysis (2025)
5.3. Lithium-Ion
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Lithium-Sulfur
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Solid-State
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035
5.6. Others
- 5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.6.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Battery Market for IoT Size & Forecasts by Rechargeability 2025-2035

6.1. Market Overview
6.2. Global Battery Market for IoT Performance - Potential Analysis (2025)
6.3. Primary Batteries
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Secondary Batteries
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Battery Market for IoT Size & Forecasts by Application 2025-2035

7.1. Market Overview
7.2. Global Battery Market for IoT Performance - Potential Analysis (2025)
7.3. Consumer Electronics
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Healthcare
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
7.5. Automotive
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market size analysis, by region, 2025-2035
7.6. Industrial
- 7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.6.2. Market size analysis, by region, 2025-2035
7.7. Retail
- 7.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.7.2. Market size analysis, by region, 2025-2035
7.8. BFSI
- 7.8.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.8.2. Market size analysis, by region, 2025-2035
7.9. Agriculture
- 7.9.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.9.2. Market size analysis, by region, 2025-2035
7.10. Others
- 7.10.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.10.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Battery Market for IoT Size & Forecasts by Region 2025-2035

8.1. Growth Battery Market for IoT, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Battery Market for IoT
- 8.3.1. U.S. Battery Market for IoT
  - 8.3.1.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.3.1.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.3.1.3. Application breakdown size & forecasts, 2025-2035
- 8.3.2. Canada Battery Market for IoT
  - 8.3.2.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.3.2.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.3.2.3. Application breakdown size & forecasts, 2025-2035
8.4. Europe Battery Market for IoT
- 8.4.1. UK Battery Market for IoT
  - 8.4.1.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.1.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.4.1.3. Application breakdown size & forecasts, 2025-2035
- 8.4.2. Germany Battery Market for IoT
  - 8.4.2.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.2.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.4.2.3. Application breakdown size & forecasts, 2025-2035
- 8.4.3. France Battery Market for IoT
  - 8.4.3.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.3.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.4.3.3. Application breakdown size & forecasts, 2025-2035
- 8.4.4. Spain Battery Market for IoT
  - 8.4.4.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.4.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.4.4.3. Application breakdown size & forecasts, 2025-2035
- 8.4.5. Italy Battery Market for IoT
  - 8.4.5.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.5.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.4.5.3. Application breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe Battery Market for IoT
  - 8.4.6.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.4.6.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.4.6.3. Application breakdown size & forecasts, 2025-2035
8.5. Asia Pacific Battery Market for IoT
- 8.5.1. China Battery Market for IoT
  - 8.5.1.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.1.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.5.1.3. Application breakdown size & forecasts, 2025-2035
- 8.5.2. India Battery Market for IoT
  - 8.5.2.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.2.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.5.2.3. Application breakdown size & forecasts, 2025-2035
- 8.5.3. Japan Battery Market for IoT
  - 8.5.3.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.3.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.5.3.3. Application breakdown size & forecasts, 2025-2035
- 8.5.4. Australia Battery Market for IoT
  - 8.5.4.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.4.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.5.4.3. Application breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea Battery Market for IoT
  - 8.5.5.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.5.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.5.5.3. Application breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC Battery Market for IoT
  - 8.5.6.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.5.6.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.5.6.3. Application breakdown size & forecasts, 2025-2035
8.6. Latin America Battery Market for IoT
- 8.6.1. Brazil Battery Market for IoT
  - 8.6.1.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.6.1.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.6.1.3. Application breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico Battery Market for IoT
  - 8.6.2.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.6.2.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.6.2.3. Application breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa Battery Market for IoT
- 8.7.1. UAE Battery Market for IoT
  - 8.7.1.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.7.1.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.7.1.3. Application breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) Battery Market for IoT
  - 8.7.2.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.7.2.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.7.2.3. Application breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa Battery Market for IoT
  - 8.7.3.1. Battery Type breakdown size & forecasts, 2025-2035
  - 8.7.3.2. Rechargeability breakdown size & forecasts, 2025-2035
  - 8.7.3.3. Application breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Panasonic Corporation
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. LG Chem Ltd.
9.4. Samsung SDI Co., Ltd.
9.5. Sony Corporation
9.6. BYD Company Limited
9.7. Contemporary Amperex Technology Co. Ltd. (CATL)
9.8. Toshiba Corporation
9.9. Hitachi Chemical Company
9.10. EVE Energy Co., Ltd.
9.11. Envision AESC
9.12. VARTA AG
9.13. Saft Groupe S.A.
9.14. Johnson Controls International plc
9.15. Exide Industries Limited
9.16. Boston Power, Inc.