The global Phone Batteries market is expected to be valued at USD 20.29 billion in 2021 and is projected to grow at a CAGR of 6.8% during the forecast period 2022 to 2030.

Phone Batteries Market Overview:

The market growth can be attributed to the increasing demand for smartphones and other electronic devices worldwide. In addition, the trend toward miniaturization of electronic products is fuelling the demand for phone batteries. Based on type, lithium ion batteries are expected to dominate the global phone battery market during the forecast period. This may be due to their high energy density and low weight compared to other types of batteries available on the market.

Phone Batteries market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Phone Batteries market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.

Market News

• 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.
• In April 2020. Indian scientists have developed a battery that can keep the phone charged for days. A group of scientists may have finally succeeded in commercializing Lithium-sulfur (Li-S) ion batteries.

The Phone Batteries market research report is categorized based on type, applications and region.

Market Key Players:

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., and Amperex Technology Limited, and others.

By Type:

• Lithium Ion Battery
• Nickel Metal Hydride Battery

By Application:

• Smartphone
• Non-smartphone

By Sales Channel

• Online
• Offline

By Region:

Geographically, the global Phone Batteries market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).

Asia Pacific is expected to be the fastest-growing regional market during the forecast period. This growth can be attributed to increasing smartphone penetration in the region. Europe accounted for more than 25% of global sales in 2019 due to high demand for premium smartphones with long battery life compared to other regions such as North America and Asia Pacific. In Europe, Odyssey Technology Group PLC., Panasonic Corporation (Japan), Samsung SDI Co., Ltd (Korea), LG Chem Energy Inc. (Korea), and Sony Corporation (Japan).

• 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

Phone Batteries Market report scope

Report Attributes	Details
Growth Rate	CAGR of 6.8% from 2022 to 2030.
By Type	Lithium Ion Battery, Nickel Metal Hydride Battery
By Application	Smartphone, Non-smartphone
By Companies	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., and Amperex Technology Limited
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, 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) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

 

Key Takeaways from this Phone Batteries Report

• Estimate Phone Batteries market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Phone Batteries market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions

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