NanoMarkets Issues New Report on Power Sources in the "Internet of Things", Sees a Collection of Emerging Hundred-Million-Dollar Markets

GLEN ALLEN, Va., Sept. 17, 2014 /PRNewswire/ -- The market for power sources used in the "Internet of Things" will grow from $57 million this year to $590 million in 2018 and more than $2.4 billion by 2021, according to a new report from industry analyst firm NanoMarkets. 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

Highlights from the Report:

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 dollars in annual revenues.

Thin-film and printed batteries make up the vast majority of today's total $57.1 million market for IoT power sources. Most of that is for mobile phones, considered the "eyes and ears" of applications connecting all the other IoT devices and networks, and mobile phones will continue to represent the main IoT application for these batteries. However, we anticipate several other applications -- notably smart cards, semiconductor/computing, and wearable electronics -- each will blossom into hundred-million-dollar battery markets by the end of this decade.

Beyond batteries, NanoMarkets sees the biggest growth opportunities over the next several years in IoT power sources addressed by inductive and energy harvesting technologies. Inductive power sources, almost exclusively used in wireless chargers, are barely a $5 million market today, but we look for this segment to crack the $100 million mark by 2018 and accelerate to $760 million by 2021. This is largely due to adoption in RFID tags, a segment that will surge to a $100 million market by 2019 and $583 million by 2021.

We see energy harvesting power sources remaining a small ($7 million) market through 2015, but then spiking to $41.5 million in 2016 thanks to rapid uptake for sensors/sensor networks. From there we see energy harvesting devices really establishing their IoT stride, to $161 million by 2018 and ultimately $557 million by 2021. Within that period we also anticipate the long-awaited arrival of wearable devices, ramping from next to nothing today to $82 million 2018 and a $200 million market by 2021.

About NanoMarkets:

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.

SOURCE NanoMarkets

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