Japan Mobile Battery Market to grow at a CAGR of 4.5% from 2021-2030 | Valuates Reports

The Japan mobile battery market size was valued at $0.92 billion in 2020 and is projected to reach $1.43 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.5% from 2021 to 2030. Mobile battery is the energy storage device used in smartphones or non-smartphones for the proper working of mobiles. Growing developments in smartphones increase the demand for mobile batteries with high battery capacity owing to power-consuming applications in the smartphones such as gaming, social media, camera, and others. Nowadays, battery life is becoming an important aspect, which has resulted in driving the growth of the market in the coming years.

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COVID-19 pandemic outbreak across the globe has resulted in decline in demand for consumer electronics products; supply-demand imbalance, lack of raw material and temporary shutdown of battery manufacturing which affected the market in the year 2020.

Surge in demand for smartphones, tablets, and other consumer electronics devices is expected to drive the growth of the battery market in Japan during the forecast period. However, high cost and potential risk hazards associated with lithium-ion battery is anticipated to hamper the Japan mobile battery market from 2021 to 2030. On the contrary, higher energy efficiency requirements in technologically updated consumer gadgets such as smartphones, is expected to create opportunity for key players operating in the market.

For the purpose of analysis, the Japan mobile battery market is segmented on the basis of type, application, and sales channel. Depending on type, the market is categorized into lithium-ion battery, nickel based and others. On the basis of application, it is bifurcated into smartphones and non-smartphones. By sales channel, the market is divided into online and offline.

The key players operating in the Japan mobile battery market are Samsung SDI Co., Ltd., Panasonic Corporation, Murata Manufacturing Co., Ltd., EEMB, LG Corporation, Maxell, Ltd., Sunwoda Electronic Co., Ltd., Zhuhai CosMX Battery Co., Ltd., TianJin Lishen Battery Joint-Stock Co., Ltd., and Amperex's Technology Limited.

These key players are adopting various strategies, such as acquisition and agreement to stay competitive in the mobile battery market.

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For instance, in September 2021, Murata Manufacturing Co., Ltd. acquired Eta Wireless Inc. (the developer of Digital Envelope Tracking Technology). By using digital envelope tracking technology, it can reduce the power consumption of RF circuits and contribute toward extension of battery life.

Other players operating in the value chain of the Japan mobile battery industry are DESAY, BYD, TWS, Zhuhai Coslight Battery, China BAK Battery, ENERDEL, and others.

The Japan mobile battery market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the product analysis. The study includes Porter’s five forces analysis of the mobile battery industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Japan mobile battery market, by type
By type, the lithium-ion battery segment held the largest market share in 2020. This is attributed to rise in demand for lithium-ion batteries, owing to increase in need for smartphones and incorporation of additional features such as games, camera, music players, and video players, which require more energy due to increased utilization of the processor.

Japan mobile battery market, by application
On the basis of application, the smartphone segment dominated the Japan mobile battery market in 2020, in terms of share, owing to consistent growth of smartphones in the Japan mobile industry. This was due to rise in demand for smartphones among age group of 18 to 30 years for social media, gaming apps, and others. In addition, rise in replacement of feature phone with smartphones increases the demand for mobile batteries in this segment and thereby is expected to drive the market during the analyzed time frame.

Japan mobile battery market, by sales channel
On the basis of sales channel, the offline segment dominated the Japan mobile battery market in 2020, in terms of market share, owing to key advantages associated with offline distributors such as maintenance & services, replacement, faster problem resolving associated with battery functions and others. In addition, Japanese consumers are conservative and price sensitive as compared to other countries in the region, which resulted in driving the trend toward shopping of key mobile accessories such as mobile batteries, covers and others, owing to their faith in offline platform.

COVID-19 impact on the market
Lockdown imposed due to the outbreak of the COVID-19 pandemic resulted in temporary ban on the import and export, thereby disrupting the supply chain and hampered the market growth in the second, third, and fourth quarter of 2020. In addition, there is expected to be some impact on the growth of the market in 2021, owing to the second wave of COVID-19 pandemic across the globe. However, the market is expected to recover by the end of the year or by the end of third quarter of 2021 as the production in various industries restarts with rapid vaccination across the globe.

By Type
➣Lithium-ion Battery
➣Lithium Iron Phosphate
➣Lithium Magnesium Oxide
➣Lithium Titanate
➣Others
➣Nickel Based
➣Others

By Application
➣Smartphone
➣Non-Smartphone

By Sales Channel
➣Online
➣Offline

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