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Global Smartphone Demand Fuels Expansion In The Mobile Battery Market: A Significant Driver Propelling The Mobile Battery Market In 2025
Mobile Battery Market
What Is the Mobile Battery Market Size and Projected Growth Rate?
In recent times, there has been a robust growth in the market size of mobile batteries. An increase from $24.03 billion in 2024 to $25.24 billion in 2025 is expected, with a compound annual growth rate (CAGR) of 5.0%. The growth previously witnessed can be traced back to the expansion of emerging markets, higher adoption of smartphones, and an increase in disposable income.
Expectations are high for a robust expansion in the mobile battery market in the coming years. The market is anticipated to rise to a valuation of $31.44 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.6%. Various factors such as governmental backing, population explosion worldwide and urbanization, changing customer tastes, and increased R&D efforts, can be credited for the growth projected during this forecast period. Key trends that are likely to gain prominence in the forecast period are emphasis on rapid charging technology, technological innovation to facilitate the creation of novel products, focus on batteries powered by graphene for superior electrical conductivity and longevity, and the preference for solid-state batteries as a more secure alternative.
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What Are the Major Segments in the Mobile Battery Market?
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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What Are The Driving Mobile Battery Market Evolution?
The upsurge in global smartphone demand is propelling the expansion of the mobile battery market. The requirement for mobile battery products strictly hinges on mobile phone sales, as these devices require chargeable batteries for their operation. For example, TechRadar, a technology-centered online platform, reported in April 2024 that smartphone shipments had risen from 289.4 million in the first quarter of 2024 compared to 268.5 million during the analogous period in 2023. Consequently, the increasing prevalence of smartphones is fueling the advancement of the mobile battery market.
Which Firms Dominate The Mobile Battery Market Segments?
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 ere*x Technology Limited, Murata Manufacturing Co. Ltd., TWS, DESAY Battery Co. Ltd., ere*x 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.
What Trends Are Driving Growth in The Mobile Battery Market?
The mobile battery market is increasingly influenced by advancements in technology, a trend heavily observed amongst numerous battery research firms. These firms are adopting the most recent technologies worldwide to provide their users with improved products. For example, OnePlus, a mobile manufacturing firm based in China, introduced their Glacier Battery technology in June 2024, developed in partnership with Contemporary ere*x Technology Limited (CATL). With a consolidated capacity of 6,100 mAh, the Glacier Battery fits into the same area as a regular 5,000 mAh battery, thus expanding energy storage without requiring extra space. The technology offers an exceptional energy density of 763 Wh/L, which is 23.1% more than traditional graphite batteries, facilitating greater energy storage in a smaller space. The Glacier Battery is compatible with 100W fast charging and can be charged from 1% to 100% in a mere 36 minutes, a feature that is particularly appealing to users leading a high-demand lifestyle.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mobile Battery Market?
2. What is the CAGR expected in the Mobile Battery Market?
3. What Are the Key Innovations Transforming the Mobile Battery Industry?
4. Which Region Is Leading the Mobile Battery Market?
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