Market Overview

In 2022, Global market for Phone Batteries is expected to be worth USD 49.6 billion, and it is expected to grow at a CAGR of 16.3% to reach USD165.6 billion by 2030 from 2022 to 2030.

The market is growing because more and more people around the world want computers and other electronic devices. The move toward making electronics smaller is also driving up the demand for phone batteries. During the next few years, lithium ion batteries are expected to be the most popular type of phone battery. This could be because they hold a lot of energy in a small space and weigh less than other types of batteries.

At a growth rate of 6.7% per year, the size of the world mobile battery market went from $21.61 billion in 2022 to $23.05 billion in 2022. At least in the short run, the Russia-Ukraine war made it harder for the world economy to get back on its feet after the COVID-19 pandemic. The war between these two countries has caused economic bans on many other countries, a rise in commodity prices, and problems in the supply chain. This has caused prices of goods and services to go up and has hurt many markets around the world. At a CAGR of 6.8%, the size of the mobile battery market is projected to grow to $29.9 billion by 2030.

During the next few years, the rise of the battery market around the world is likely to be driven by the rising demand for smartphones, tablets, and other consumer electronics. But the high cost and possible dangers of lithium-ion batteries are expected to slow down the global market for smartphone batteries from 2022 to 2030. On the other hand, key players in the market are likely to benefit from higher energy saving standards for consumer electronics like smartphones that are updated with new technology.

Market Dynamics

Trends: In April 2022, a study about a new smartphone came out. Scientists in India have made a battery that can power a phone for days. Scientists may have finally made it possible to sell Lithium-sulfur (Li-S) ion batteries to the public. Simply put, this means that the batteries in the most-used devices, like smartphones, tablets, computers, and other electronics, have a much longer life than any of the Li-ion batteries currently in use. In fact, the change should make other electronics last many days longer than the Li-ion battery does now. The technology in question is Li-S batteries, which have clear advantages like 2-3 times more energy per unit weight than Li-ion batteries, much longer battery life on a single charge, much less weight, and much lower manufacturing costs. Because of these things, Li-S batteries were good choices for the next step in the growth of batteries. 

In 2018, Samsung SDI showed off its new ESS product, which has a high-capacity 111Ah (Ampere hour) ESS battery cell with a much higher energy efficiency. Samsung SDI showed off new ESS goods at Energy Storage Europe 2018 like ESS cells, high-capacity ESS, high-power ESS, and residential ESS. The energy efficiency of an ESS battery has gone up a lot because new materials have made it possible to increase its capacity while keeping its size the same. Also, this battery's strength is that it makes it easy to update products without having to change the way they are made.

Major Market Segments Covered 

On the basis of Types

Lithium Ion Battery

In 2022, the lithium-ion battery segment had the biggest share of the smartphone battery market. This is because more people are buying smartphones and adding extra features like games, cameras, music players, and video players, which use the processor more and need more energy. This is why lithium-ion batteries are in higher demand.

Nickel Metal Hydride Battery 

The size of the Nickel-Metal Hydride (Ni-MH) Battery Market is growing at a modest rate, but it has grown a lot in the past few years. It is expected that the market will grow a lot in the next few years, from 2022 to 2030.

The increasing industrial automation, building demand from the consumer electronic segment, increasing use of robots, and heightening production of passenger and commercial vehicles using Ni-MH batteries are expected to drive the global Nickel-Metal Hydride (Ni-MH) Battery Market during the forecasted period. 

On the basis of Application

 Smartphone 

On the basis of application, the smartphone segment had the largest part of the global market in 2022. This is because smartphones have been growing steadily in the global mobile industry because people aged 18 to 30 want them for social media, gaming apps, and other things.

Non-smartphone

The study found that people with pre-paid plans who don't have smart phones spend $8 less on average than people with prepaid smartphone plans who have smartphones. Even though postpaid plans for smartphones cost $20 more on average than plans for non-smart phones, it's important to remember that smart phone plans often include payments for expensive phones. Also, more people are switching from feature phones to smartphones, which is driving up the demand for mobile batteries in this segment. This is projected to drive the global mobile battery market during the period studied.

Based on Sales Channel

 Online 

 Online is the part of the global mobile battery market that is projected to grow at the fastest rate, with a CAGR of 6.45% from 2022 to 2030.

Offline

In 2022, the offline segment got the biggest part of the market. This is because offline distributors offer key benefits, such as repair and services, replacement, faster problem-solving for battery functions, and more. Also, consumers all over the world are conservative and price conscious across all sales platforms. This makes them more likely to shop offline for key mobile accessories like batteries, covers, and other things.

Regional insights

Global Phone Batteries market has been broken down by geography into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. (MEA).

During the forecast period, Asia-Pacific is likely to be the area with the fastest growth. This growth can be explained by the fact that more and more people in the area have smartphones. In 2019, more than 25% of all smartphone sales were made in Europe. This is because, compared to North America and Asia Pacific, there was a lot of desire for high-end smartphones with long battery lives in Europe. Odyssey Technology Group PLC., Panasonic Corporation (Japan), Samsung SDI Co., Ltd. (Korea), LG Chem Energy Inc. (Korea), and Sony Corporation (Japan) are the biggest companies in Europe. (Japan).

Scope of Report

Key vendors

• Samsung SDI Co., Ltd.,
• Panasonic Corporation
• Murata Manufacturing Co., Ltd.
• TWS, LG Corporation
• Maxell, Ltd.
• Sunwoda Electronic Co., Ltd.
• Zhuhai CosMX Battery Co., Ltd.
• TianJin Lishen Battery Joint-Stock Co., Ltd.
• Amperex Technology Limited, and others.

• Samsung SDI Co., Ltd.

Since it was founded in 1970, Samsung SDI has been working toward a creative and new future. Samsung SDI has been working hard to make new goods with cutting-edge technology. These products are now being used by customers.

• Panasonic Corporation

Since its founding in 1918, the Panasonic Group has been working to improve the lives of people and society. It does this by using its founding ideals to create new value and offer sustainable solutions for the world they live in today. For the year that finished on March 31, 2022, the Group's net sales were 7.388.8 billion yen. Panasonic Group is all about making people's lives better, so they work together to give the best goods and services to help clients "Live Your Best."

• Murata Manufacturing Co., Ltd.

Murata is the best in the world when it comes to designing, making, and selling advanced electronic materials, cutting-edge electronic components, and high-density modules with multiple functions. 

There are Murata parts everywhere. Even though customers don't see them, their goods are important parts of the electronics you use every day, like cell phones, computers, cars, and home appliances. Murata's products are being used in more and more new ways, like in health care devices and energy control systems.

The world changes all the time, and the world of tech changes even more quickly. As an innovator in electronics, Murata will keep coming up with new ideas as long as it stays true to its strong company philosophy. This will help society progress and shape the future of electronics. 

• TWS, LG Corporation

At LG, they make goods and offer services that make people's lives better, easier, and more fun by making them more useful and fun. Simply put, they offer the latest innovations to make "Life Good." These include home appliances, consumer gadgets, and B2B solutions, as well as innovations in digital signage, air conditioning, solar, and vehicle components. As a world leader, we aim for greatness in product leadership, market leadership, and people leadership to make their growth strategies happen.

• Maxell, Ltd.

Maxell Corporation of America was founded in the United States in 1969. It is a leader in technology and marketing, and it sells batteries, lenses, and digital media goods for the consumer, professional, and data storage markets.

The company also sells goods for cleaning and maintaining electronics, as well as storage products and a well-known brand of headphones, iPod/MP3 accessories, and speakers. Maxell also sells industrial batteries for Advanced Meter Infrastructure and Tire Pressure Monitoring Systems, as well as batteries for cell phones and power tools.

Maxell has been known for its wide range of digital tape and disc-based recording media for consumer audio, video, camcorder, and data storage uses for more than forty years.

Industry news

In September 2021, Eta Wireless Inc. was bought by Murata Manufacturing Co., Ltd. (the developer of Digital Envelope Tracking Technology). By using digital envelope tracking technology, it is possible to lower the amount of power that RF circuits need and help extend the life of the battery.

In April 2020, Scientists in India have made a battery that can power a phone for days. Scientists may have finally made it possible to sell Lithium-sulfur (Li-S) ion batteries to the public.

Market Segmentation

Global Phone Batteries Market research report is categorized based on type, applications and region

On the basis of Type

• Lithium Ion Battery
• Nickel Metal Hydride Battery

On the basis of Application

• Smartphone
• Non-smartphone

On the basis of Sales Channel

• Online
• Offline

Global Phone Batteries Market Regional insights:

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Conclusion

The study gives a detailed qualitative and quantitative analysis of the current trends in the mobile battery market and forecasts for the global market from 2022 to 2030 so that the opportunities can be found. This study gives an in-depth look at the smartphone battery market, including current trends and predictions for the future. This helps investors find good places to put their money. 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 research report on the mobile battery market gives you a full picture of everything you need to know, including an in-depth look at the present and future state of the industry. The study gives a lot of detailed information about the important market segments and regions that are growing well.