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Battery Free Sensors Market Share

Report ID: GMI7239
Published Date: Oct 2023
Report Format: PDF

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Battery Free Sensors Market Share

Major participants focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.

Some major players operating in the battery free sensors industry are mentioned below:

Advantech
Enocean
On Semiconductor Corporation
Texas Instruments Inc.
General Electric
Infineon Technologies AG
Axzon

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market valuation of battery free sensors was worth USD 7.8 billion in 2022 and is estimated to witness 9% CAGR between 2023 and 2032, due to higher usage in IoT frequencies to reduce the need for regular battery replacement or recharging, lowering maintenance expenses and prolonging IoT device lifespan.

The temperature sensors segment recorded over 30% of the battery free sensors industry share in 2022 and will exceed USD 250 million by 2032, driven by rising adoption for data collection.

Battery free sensors market from the high frequency segment is anticipated to record over 10.5% CAGR through 2032, owing to the rising need to reduce maintenance costs and downtime as.

North America held over 35% of the global battery free sensors market share in 2022 driven by the strong focus on technological innovation and IoT adoption in the region.