PUBLISHER: The Business Research Company | PRODUCT CODE: 1672502
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672502
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 $24.03 billion in 2024 to $25.24 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to emerging markets growth, rise in penetration of smartphones, and rise in disposable income.
The mobile battery market size is expected to see strong growth in the next few years. It will grow to $31.44 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to government support, global population growth and urbanization, evolving consumer preferences, and growing research and development (R&D) activities. Major trends in the forecast period include a focus on fast charging technologies, technological advancements to aid in the development of new products, a focus on graphene-powered batteries for high electrical conductivity and durability, and the adoption of solid-state batteries as a safer option.
The increasing global demand for smartphones is propelling the growth of the mobile battery market. The demand for mobile batteries is directly tied to mobile phone sales, as these devices are rechargeable and require batteries. For example, in April 2024, TechRadar, a technology-focused online publication, reported that smartphone shipments rose from 268.5 million in the first quarter of 2023 to 289.4 million in the same period in 2024. This surge in smartphone adoption is significantly driving 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 advancements are emerging as a significant trend in the mobile battery market. Numerous battery research companies are incorporating the latest technologies to deliver improved products to consumers. For instance, in June 2024, OnePlus, a mobile manufacturing company based in China, introduced Glacier Battery technology in collaboration with Contemporary Amperex Technology Limited (CATL). This innovative battery has a capacity of 6,100 mAh while maintaining the size of a standard 5,000 mAh battery, thereby enhancing energy storage without increasing dimensions. The Glacier Battery achieves an impressive energy density of 763 Wh/L, which is 23.1% higher than that of conventional graphite batteries, allowing for more energy storage in a compact form. Additionally, it supports 100W fast charging, enabling a full charge from 1% to 100% in just 36 minutes, making it particularly advantageous for users with demanding lifestyles.
The rise of fast-charging technologies has become a significant trend in the mobile battery market, allowing users to recharge their devices quickly and efficiently. Leading companies in this sector are prioritizing the development of batteries equipped with fast-charging capabilities. For example, in August 2024, Realme, a mobile manufacturing company based in China, unveiled its 320W SuperSonic Charging Technology, which is marketed as the fastest smartphone charging solution available. This technology can fully charge a smartphone's battery in just 4 minutes and 30 seconds, achieving a 26% charge in one minute and over 50% in under two minutes. Realme also introduced a 4,420 mAh folded battery that employs four individual cells, each less than 3mm thick, providing a 10% increase in capacity compared to traditional batteries. Additionally, this innovative transformer features contact-free electromagnetic conversion, which ensures that high voltage remains isolated from the battery during issues such as circuit breakdowns, thereby enhancing safety during the charging process.
In January 2023, Soteria Battery Innovation Group, a U.S.-based company specializing in battery safety technologies, acquired Voltaplex for an undisclosed amount. This acquisition aims to strengthen Soteria's capabilities in developing safe battery technologies by integrating Voltaplex's expertise and assets in lithium-ion energy solutions. The partnership focuses on improving efficiency and expediting the commercialization of safer battery technologies. Voltaplex Energy is a U.S.-based manufacturer of lithium-ion batteries.
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., Leclanche, 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.
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.
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 2025 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.
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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.