Mobile Battery Global Market Report 2024

A mobile battery refers to a rechargeable battery that enables the use of a phone at any location and time. The battery is replenished using a charger specifically designed for the phone and battery. Typically, it is necessary to connect the charger to a power source, such as an electrical outlet, for recharging.

The primary types of mobile batteries include lithium-ion, lithium polymer, nickel-cadmium, nickel-metal hydride, and other variants. A lithium-ion battery, commonly known as a Li-ion battery, is a rechargeable battery composed of cells through which lithium ions move from the negative electrode to the positive electrode via an electrolyte during discharge, and vice versa during charging. Mobile batteries are available for purchase through both online and offline channels, catering to smartphones and non-smartphones alike.

The mobile battery market research report is one of a series of new reports from The Business Research Company that provides mobile battery market statistics, including mobile battery industry global market size, regional shares, competitors with a mobile battery market share, detailed mobile battery market segments, market trends and opportunities, and any further data you may need to thrive in the mobile battery industry. This mobile battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The mobile battery market size has grown strongly in recent years. It will grow from $23.1 billion in 2023 to $24.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The expansion observed in the historical period can be attributed to the growth of emerging markets, an increase in smartphone penetration, and a rise in disposable income. Factors that adversely impacted growth in the historic period included stringent government regulations.

The mobile battery market size is expected to see strong growth in the next few years. It will grow to $30.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period can be attributed to government support, global population growth, and urbanization, evolving consumer preferences, and increasing research and development (R&D) activities. Key trends projected for the forecast period include a focus on fast charging technologies, technological advancements to facilitate the development of new products, an emphasis on graphene-powered batteries for high electrical conductivity and durability, and the adoption of solid-state batteries as a safer option.

The global surge in demand for smartphones is propelling the expansion of the mobile battery market. The demand for mobile battery products is intricately linked to the sales of mobile phones, given that mobile phones require batteries for charging. According to TechRadar, a technology-focused online publication, the global sales of smartphones by the world's top five manufacturers witnessed growth in 2021. Samsung, for instance, saw a 7.6% increase to 272 million units, accounting for 19% of the market. Apple experienced a 19.7% rise in device sales to 239 million, leading to a 16.7% growth in market share. Other manufacturers, including Xiaomi, Oppo, and Vivo, also observed a roughly one-third increase in shipments. Consequently, the widespread adoption of smartphones is a key driver fostering the growth of the mobile battery market.

The forecast period is anticipated to see a boost in the mobile battery market due to increased research and development (R&D) activities. R&D efforts in mobile batteries aim to deliver innovative and cost-effective solutions while enhancing key performance metrics such as energy density, cycle life, and power density. Manufacturers are responding to consumer demands for longer-lasting, faster-charging, and more energy-efficient batteries by investing in R&D initiatives. For example, in June 2023, the U.S. Department of Energy allocated over $192 million for battery recycling and the establishment of an advanced mobile battery research and development consortium, emphasizing the importance of sustainable battery solutions. These R&D endeavors are expected to drive innovation, improve product performance, and contribute to the sustained growth of the mobile battery market.

Technological advancement stands out as a prominent trend in the mobile battery market. Battery research companies are continually integrating the latest technologies to offer enhanced products. Xiaomi, for instance, developed a new battery technology for smartphones in 2021, introducing High-Silicon Lithium battery technology. This technology promises a 10% increase in battery capacity within the same volume by incorporating negative electrodes with 300% more silicon. Xiaomi's innovative approach, coupled with in-house chip and advanced algorithms, aims to significantly enhance battery performance. Mass production of these high-silicon lithium batteries is scheduled for the second half of 2022.

The mobile battery market is witnessing a trend toward increased fast charging technologies. Major companies in the market are prioritizing the development of batteries with efficient fast charging capabilities. In December 2021, Samsung SDI launched the PRiMX battery brand, featuring super-fast charging technology. PRiMX batteries minimize lithium-ion transport distance and time by reducing internal battery cell resistance. This technology holds promise for applications requiring rapid charging and extended lifespan, including electric vehicles, mobile devices, energy storage systems, and wearable technology.

In July 2021, Enovix Corporation, specializing in advanced silicon-anode lithium-ion battery development, merged with Rodgers Silicon Valley Acquisition Corp. The merger facilitated trading on the Nasdaq Global Select Market under new ticker symbols (ENVX for Enovix common stock and ENVXW for Enovix warrants). Enovix aims to expand manufacturing to meet global demand in the mobile computing industry and continue developing cells for electric vehicles. Rodgers Silicon Valley Acquisition Corp. operates in mergers, acquisitions, and share exchanges.

Major companies operating in the mobile battery market report are 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., Leclanche, BMZ Group, Accutronics Ltd., Northvolt, SibPribor, Kursk Battery Plant, RUSNANO Group, Zavod AIT LLC, American Crane & Equipment Corp, Scott's Emergency Lighting and Power Generation, Dantona Industries Inc., Tenergy Corporation, Motion Industries Inc., Hollingsworth & Vose Co, EnerSys, Energizer Holdings Inc., Eveready Batteries, Duracell Inc., Acumuladores Moura S. A, Sertrading (Br) Ltda, Flextronics International Tecnologia Ltda, Clarion Energy Solutions Brasil Ltda, Industrias Tudor Sp De Bateriais Ltda, Abu Abdul Hakim Automotive Parts Est, Precision Electro Mech Est, AASP General Trading, Abbas Liaqat Trading LLC, Agetco General Trading LLC, First National Battery.

Asia-Pacific was the largest region in the mobile battery market in 2023. The regions covered in the mobile battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the mobile battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The mobile battery market consists of sales of nickel-cadmium (NiCd), NiMH (NiMH), lithium-ion (Li-ion), and lithium polymer (Li-pol) batteries. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Mobile Battery Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on mobile battery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for mobile battery? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mobile battery market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: LG Chem; SK Innovation; Samsung SDI Co. Ltd; BYD Company Ltd; Sunwoda Electronic Co. Ltd
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.