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How is Rising Use of Internet of Things Driving Smart Battery Charger Market?

Smart Battery Charger Market to Witness Growth due to Increasing Smartphone Sales

by Industrytrends
Smart-Battery-Charger-Market

The adoption of internet of things (IoT), along with its emphasis on data collection from distributed nodes, is increasing in almost all industries, including the agriculture industry. In the agriculture industry, smart farm relies heavily on several nodes that are spread across hundreds of acres for collecting data on soil moisture level, weather, evaporation, and other things. These nodes are usually are battery-powered and rely on techniques of energy harvesting, including solar power for supplementing existing battery capacity. Attributed to this, the demand for smart battery chargers is growing rapidly. 

Smart battery chargers are much more sophisticated, since along with offering various switchable charging modes, they are further programmed to offer a varied and planned output to maintain and charge the battery in the best condition. Several smart chargers have numerous charging modes, tailored for different charging requirements and battery types. In addition smart chargers are programmed with several automated variations and steps for providing the best environment for the battery, so that it accepts a full charge. It is because of such advantages that the global smart battery charger market is projected to grow at considerable pace in the near future. 

When geographic scenario is taken into consideration, North America is predicted emerge as a major smart battery charger market in the near future, which can be owing to the surging adoption of electric vehicles and electronic devices in the region, particularly in the U.S. In addition to this, the sales of smartphones in the U.S. has been on a rise. For example, the sales of smartphones in the country was $55.6 billion in 2017, rising from $18 billion in 2010. This is further driving the demand for smart battery chargers in the region. 

Hence, the adoption of smart battery chargers is growing due to the increasing adoption of smartphones and growing utilization of IoT in the agriculture sector. 

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