Laptop Battery Market Forecasts to 2030 - Global Analysis By Battery Type, Laptop Type, Number of Cells, Sales Channel, Distribution Channel, Technology and By Geography

According to Stratistics MRC, the Global Laptop Battery Market is accounted for $8.0 billion in 2024 and is expected to reach $7.8 billion by 2030 growing at a CAGR of 6.7% during the forecast period. A laptop battery is a rechargeable power source that provides energy to operate a laptop when it's not connected to an external power supply. They offer efficient power storage and a longer lifespan. Laptop batteries are designed to last several hours depending on usage, device configuration, and battery capacity. They can be recharged multiple times and are critical for ensuring portability and uninterrupted use of laptops.

According to Statista, it is projected that between 2022 and 2030, the global demand for lithium-ion batteries will increase almost sevenfold, reaching 4.7 terawatt-hours in 2030.

Market Dynamics:

Driver:

Increasing demand for laptops

The increasing demand for laptops is a key driver for the laptop battery market. The proliferation of remote work, online education, and digital entertainment has led to a surge in laptop sales globally. This trend is fueled by the need for portable computing devices that offer longer battery life and improved performance. As more consumers and businesses rely on laptops for various tasks, the demand for high-quality, long-lasting batteries continues to grow, driving innovation and market expansion.

Restraint:

High cost of advanced batteries

As manufacturers strive to develop batteries with higher energy density, longer lifespan, and faster charging capabilities, the production costs increase. These advanced batteries, often utilizing cutting-edge materials and technologies, come with a premium price tag. The higher costs can limit market growth by making laptops with advanced batteries less accessible to budget-conscious consumers and potentially slowing down the adoption of new battery technologies across the industry.

Opportunity:

Advancements in wireless charging technology

Advancements in wireless charging technology present a significant opportunity for the laptop battery market. As wireless charging becomes more efficient and widespread, it opens up new possibilities for laptop battery design and usage. The integration of wireless charging capabilities in laptops can enhance user convenience, reduce the need for traditional charging ports, and potentially extend battery life. This technology could revolutionize how laptops are charged, leading to new product offerings and market segments within the laptop battery industry.

Threat:

Shortages in key raw materials

The production of high-performance batteries relies on specific materials such as lithium, cobalt, and nickel. Global supply chain disruptions, geopolitical tensions, and increasing demand across various industries can lead to shortages and price volatility of these crucial materials. These shortages can potentially impact battery production, increase manufacturing costs, and ultimately affect the availability and pricing of laptop batteries, potentially slowing market growth.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted the laptop battery market due to supply chain issues and manufacturing slowdowns. However, it subsequently drove increased demand for laptops as remote work and online education became widespread. This surge in laptop sales boosted the battery market, accelerating innovation in long-lasting and efficient battery technologies. The pandemic highlighted the importance of reliable portable computing devices, ultimately contributing to long-term growth in the laptop battery market.

The lithium-ion (Li-Ion) batteries segment is expected to be the largest during the forecast period

Over the forecasted timeframe, the lithium-ion (Li-Ion) batteries segment is anticipated to dominate the market share. Li-ion batteries offer superior energy density, a longer lifespan, and faster charging capabilities compared to other battery types. These characteristics make them ideal for modern laptops that require high performance and extended battery life. The growing demand for thinner, lighter laptops with longer battery life is driving the adoption of Li-Ion batteries. Additionally, ongoing research and development in Li-Ion technology are further enhancing their performance, solidifying their position as the preferred choice for laptop manufacturers.

The gaming laptops segment is expected to have the highest CAGR during the forecast period

During the projection period, the gaming laptops segment is expected to grow at the highest CAGR. The rising popularity of e-sports and mobile gaming is fueling demand for high-performance gaming laptops. These devices require powerful batteries to support advanced graphics, processing capabilities, and extended gaming sessions. The gaming laptop segment's growth is driven by continuous innovations in battery technology to meet the demanding power requirements of gaming hardware. Additionally, the increasing disposable income of gamers and the growing gaming industry contribute to the rapid expansion of this segment.

Region with largest share:

During the estimation period, the North America region is expected to capture the largest market share. This dominance is attributed to the region's high adoption rate of advanced technologies, strong presence of major laptop manufacturers, and significant consumer spending on electronic devices. The demand for high-performance laptops in various sectors, including business, education, and gaming, contributes to the robust growth of the laptop battery market in North America. Additionally, the region's focus on research and development in battery technologies further solidifies its leading position in the global market.

Region with highest CAGR:

The Asia Pacific region is projected to achieve the highest CAGR during the forecast period. This rapid growth is driven by the increasing adoption of laptops in emerging economies, rising disposable incomes, and the expansion of the IT and gaming industries in countries like China, India, and South Korea. The region's strong manufacturing capabilities, particularly in battery production, contribute to its high growth rate. Furthermore, government initiatives promoting digital literacy and the growing trend of remote work and online education in the region are expected to fuel the demand for laptops and, consequently, laptop batteries.

Key players in the market

Some of the key players in Laptop Battery Market include LG Chem Ltd., Samsung SDI Co., Ltd., Panasonic Corporation, Sony Corporation, BYD Company Limited, A123 Systems LLC, Toshiba Corporation, Duracell Inc., EVE Energy Co., Ltd., Amperex Technology Limited, Maxell Holdings, Ltd., Energizer Holdings, Inc., Celgard LLC, VARTA AG, Envision AESC, Zhangzhou Yuanfeng Power Technology Co., Ltd., and Hithium.

Key Developments:

In September 2024, Samsung SDI introduced new battery solutions for energy storage systems at the Renewable Energy Plus 2024 exhibition, including the Battery Box 1.5 with enhanced safety features.

In March 2024, Panasonic Group formed a joint venture with Indian Oil Corporation Ltd. (IOCL), the nation's biggest oil firm, to manufacture cylindrical lithium-ion batteries. Panasonic Energy Co., Ltd., a group firm of Japan-based multinational electronics companies, has signed a binding term sheet and initiated discussions with IOCL "to draw a framework for the formation of a joint venture" to manufacture cylindrical lithium-ion batteries, said in a statement.

In September 2023, LG Chem is partnered with China's Huayou Cobalt to build battery material plants in Indonesia and Morocco. The Morocco plant will produce lithium iron phosphate (LFP) cathode materials starting in 2026, aimed at the North American EV market.

Battery Types Covered:

• Lithium-Ion (Li-Ion) Batteries
• Nickel-Metal Hydride (NiMH) Batteries
• Nickel-Cadmium (NiCd) Batteries
• Other Battery Types

Laptop Types Covered:

• Ultrabooks
• Notebooks
• Gaming Laptops
• Workstations
• Convertible Laptops

Number of Cells Covered:

• 3 Cell
• 4 Cell
• 6 Cell
• 8 Cell
• 9 Cell
• 10 Cell
• 12 Cell
• Above 10 Cells

Sales Channels Covered:

• Original Equipment Manufacturers (OEMs)
• Aftermarket

Distribution Channels Covered:

• Retail Stores
• Online Stores

Technologies Covered:

• Traditional Batteries
• Smart Batteries
• Fast Charging Batteries
• Long-Life Batteries

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances