Press release
Mobile Battery Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Mobile Battery
The global surge in smartphone demand is propelling the expansion of the mobile battery market. The need for mobile batteries is solely contingent on the sales of mobile phones due to their requirement of batteries for charging purposes. For example, an increase was reported by TechRadar, a technology-centric online publication, in smartphone shipment from 289.4 million in the first quarter of 2024 to 268.5 million during the same quarter of 2023. As such, the escalating proliferation of smartphones is a key driver for the growth of the mobile battery market.
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How will the growth rate of the mobile battery market shape industry trends by 2034?
The growth of the mobile battery market has been robust in the past few years. The market, which is projected to increase from $24.03 billion in 2024 to $25.24 billion in 2025, boasts a compound annual growth rate (CAGR) of 5.0%. The surge in the historic era is tied to the development of emerging markets, increased smartphone penetration, and a rise in disposable income.
In the coming years, the mobile battery market is predicted to experience robust growth, expected to reach $31.44 billion in 2029 with a compound annual growth rate (CAGR) of 5.6%. This expected growth during the forecast period can be linked to government backing, worldwide population increase, urbanization, shifting consumer tastes, and intensified research and development (R&D) undertakings. Notable trends within the forecast period encompass a concentration on quick-charging technologies, advancements in technology facilitate the creation of new products, the surge in the use of graphene-powered batteries for enhanced electrical conductivity and durability, and opting for solid-state batteries considering their safety benefits.
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How are the latest trends influencing the growth of the mobile battery market?
The mobile battery market is seeing a substantial rise in technological developments as a key emerging trend. Numerous battery research firms are adopting the latest technologies worldwide to provide their customers with superior products. In an illustrative example, OnePlus, a mobile manufacturing firm based in China, introduced the Glacier Battery technology in June 2024, in partnership with Contemporary Ampere*x Technology Limited (CATL). The new tech boasts a capacity of 6,100 mAh, designed to be housed within the same space as a conventional 5,000 mAh battery, it effectively increases the storage of energy without necessitating a larger size. This technology yields a remarkable energy density of 763 Wh/L, which is approximately 23.1% more than that of conventional graphite batteries, facilitating higher energy storage in a more compact size. Adding to its advantages, the Glacier Battery can support 100W fast charging, taking it from 1 to 100% charge in a mere 36 minutes, a feature especially useful for people leading high-demand lifestyles.
Which primary segments of the mobile battery market are driving growth and industry transformations?
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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Which geographical regions are pioneering growth 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.
Who are the influential players reshaping the mobile battery market landscape?
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 Amper*ex Technology Limited, Murata Manufacturing Co. Ltd., TWS, DESAY Battery Co. Ltd., Amper*ex 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.
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What Is Covered In The Mobile Battery Global Market Report?
• Market Size Forecast: Examine the mobile battery market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the mobile battery market for a structured understanding.
• Key Players Overview: Analyze major players in the mobile battery market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mobile battery market.
• Segment Contributions: Evaluate how different segments drive overall growth in the mobile battery market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mobile battery market.
• Industry Challenges: Identify potential risks and obstacles affecting the mobile battery market.
• Competitive Landscape: Review strategic developments in the mobile battery market, including expansions, agreements, and new product launches.
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