What Has Been the Progress and Growth of the Mobile Battery Market in Recent Years?
The mobile battery market has seen considerable growth due to a variety of factors.
• In recent times, there has been significant growth in the mobile battery industry. This sector is expected to balloon from $24.03 billion in 2024 to a impressive $25.24 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.0%.
The factors responsible for the monumental rise in the historical timeline include the ascent in emerging markets, increased smartphone usage, and a surge in disposable income.
How Does the Forecast Look for the Mobile Battery Market?
The mobile battery market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations indicate a robust enlargement in the mobile battery market size in the succeeding years, with the value expected to reach $31.44 billion by 2029, marking a Compound Annual Growth Rate (CAGR) of 5.6%.
The upswing during this prediction period can be ascribed to factors such as governmental backing, increased global populace alongside urbanization, shifting consumer choices, and burgeoning research and development (R&D) activities. Upcoming trends within this phase will likely encompass a surge in quick charging techniques, novel product development propelled by technological progress, focus on batteries powered by graphene for superior electrical conduction and durability, and the preference for solid-state batteries due to their enhanced safety.
What Factors Are Driving Growth In The Mobile Battery Market?
The surge in the global smartphone demand is a catalyst for the progression of the mobile battery market. The need for mobile battery products is purely reliant on mobile phone sales, as these devices require charging and consequently, batteries. For instance, data from TechRadar, a technology-centric digital publication, suggests that in April 2024, smartphone shipments escalated from 289.4 million in the initial quarter of 2024 to 268.5 million in the corresponding period of 2023. Hence, the expanding prevalence of smartphones is steering the expansion of the mobile battery market.
How Are The Segments Defined Within The Global Mobile Battery Market?
The mobile battery market covered in this report is segmented –
1) By Type: Lithium Ion, Lithium Polymer, Nickel Cadmium, Nickel Metal Hydride, Other Types
2) By Sales Channel: Online, Offline
3) By Industry: Smartphone, Non-Smartphone
Subsegments:
1) By Lithium Ion: Cylindrical Lithium-Ion Batteries, Prismatic Lithium-Ion Batteries, Coin Cell Lithium-Ion Batteries
2) By Lithium Polymer: Soft Pack Lithium Polymer Batteries, Hard Case Lithium Polymer Batteries
3) By Nickel Cadmium: Standard Nickel Cadmium Batteries, Rechargeable Nickel Cadmium Batteries
4) By Nickel Metal Hydride: Standard Nickel Metal Hydride Batteries, High-Drain Nickel Metal Hydride Batteries
5) By Other Types: Lead-Acid Batteries, Sodium-Ion Batteries, Solid-State Batteries
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How Are New Trends Expected To Influence The Growth Of The Mobile Battery Market?
Emerging technology is a significant trend gaining traction in the mobile battery industry. Numerous battery research firms are implementing the latest technologies globally to provide superior products to their customers. For example, in June 2024, OnePlus, a mobile manufacturing corporation based in China, introduced the Glacier Battery technology in partnership with Contemporary Amperex Technology Limited (CATL). With a capacity of 6,100 mAh, the Glacier Battery is designed to occupy the same space as a standard 5,000 mAh battery, thus effectively enhancing energy storage without the need for more space. This technology achieves an impressive energy density of 763 Wh/L, which is 23.1% higher than conventional graphite batteries. This increased density enables more compact energy storage. The Glacier Battery also supports 100W fast charging, allowing it to charge from 1% to 100% in just 36 minutes, which is extremely useful for users with high-energy needs.
Who Are the Key Players in the Mobile Battery Market?
Major companies operating in the mobile battery market include:
• LG Chem
• SK Innovation
• Samsung SDI Co. Ltd
• BYD Company Ltd
• Sunwoda Electronic Co. Ltd
• Panasonic Corporation
• Zhuhai CosMX Battery Co. Ltd.
• Contemporary Amperex Technology Limited
• Murata Manufacturing Co. Ltd.
• TWS
• DESAY Battery Co. Ltd.
• Amperex Technology Limited (ATL)
• China BAK Battery
• Exide Industries Limited
• HBL Power Systems Limited
• Samwha Capacitor Group
• Hello Bom
• BSLBATT
• Amron Batteries
• Varta AG
• Saft Groupe S.A.
• Leclanché
• BMZ Group
• Accutronics Ltd
• Northvolt
• Dantona Industries Inc
• Tenergy Corporation
• EnerSys
• Energizer Holdings Inc
• Eveready Batteries
• Duracell Inc
• Acumuladores Moura S. A
• Industrias Tudor Sp De Bateriais Ltda
• First National Battery.
What Is The Most Dominant Region In The Mobile Battery Market?
Asia-Pacific was the largest region in the mobile battery market in 2024. The regions covered in the mobile battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
