New Report on Power Sources for “Internet of Things” Predicts $2.4 billion (USD) Market in 2021
Industry: Market Research
NanoMarkets New Report on Power Sources in the "Internet of Things", Sees a Collection of Emerging Hundred-Million-Dollar Markets
Glen Allen, VA (PRUnderground) September 17th, 2014
According to a newly released report from industry analyst firm NanoMarkets, the market for power sources used in the “Internet of Things” (IoT) will grow from $57 million this year to $590 million in 2018 and more than $2.4 billion by 2021. Power devices such as thin-film and printed batteries, energy harvesting modules, small flexible photovoltaic panels, and thermoelectric sources have enjoyed niche success and marginal revenues up to now but with the IoT, NanoMarkets sees these products potentially generating hundreds of millions of achievable dollars in annual revenues across multiple market segments.
Details of the new report, “Power Sources for the Internet-of-Things: Markets and Strategies” including a downloadable excerpt, are available at: http://nanomarkets.net/market_reports/report/power-sources-for-the-internet-of-things-markets-and-strategies
About the Report:
The Internet-of-Things (IoT), a proliferation of multitudes of interconnected sensors and processors, is arguably the most disruptive shift in technology since the origination of the Internet itself. This is creating huge new opportunities for manufacturers of power source devices to make it all run, but these power sources will need to meet several key requirements in the IoT: be small/thin, self-recharging, and never needing to be replaced. Conventional batteries can’t meet these requirements in most cases — but other power sources can, including nonconventional batteries, magnetic induction, wireless charging, and energy harvesting.
This report examines the power requirements of the various devices that will form the “things” in the IoT, from sensor networks to MCUs/MPUs to tagging devices, and explores how established battery technologies can adapt to these new IoT opportunities and where emerging technologies can find their first big markets. We include detailed eight-year forecasts for the market under different segments (in terms of power sources), with separate revenue and volume estimations.
The report also analyzes the strategies of the firms involved in supplying power sources used in the IoT over the next decade. Companies discussed in this report include: Advanced Cerametrics, Advanced Linear Devices, Apple, Atmel, Blue Spark, Cedrat Technologies, Cymbet, Duracell, Energizer, Enfucell, EnOcean, Freescale Semiconductor, Green Peak, Hanergy/Alta Devices, Hitachi High-Tech Materials, Imprint Energy, Intel, Kunshan Hisense, LG, Linear Technology, LORD MicroStrain Sensing Systems, Maxim Integrated, Microchip Technology, MicroGen Systems, Micropelt, Mitsubishi Materials, Mobee Technology, Nokia, Oakridge Energy Technologies, Panasonic, Paper Battery, Perpetua, PsiKick, Powermat, Renesas, Schneider Electric, Sensara, Silicon Labs, Solicore, Spansion, STMicroelectronics, SunPartner, Texas Instruments, Toes Opto-Mechatronics, Toshiba Materials, and Ubiquitous Energy.
NanoMarkets tracks and analyzes emerging markets in energy, electronics and other area created by developments in advanced materials. Visit www.nanomarkets.net for a full listing of NanoMarkets’ reports and other services.