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 among digital natives, which resulted in driving the growth of the market in the coming years.
MARKET DYNAMICS
Surge in demand for smartphones, tablets, and other consumer electronics devices are driving the growth of the mobile battery market. However, the high cost and potential risk hazards associated with lithium-ion battery may restrain the growth of the mobile battery market. Furthermore, the higher energy efficiency requirements in technologically updated consumer gadgets such as smartphones are anticipated to create a market opportunity for the mobile battery market during the forecast period.
MARKET SCOPE
The "Global Mobile Battery Market Analysis To 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The mobile battery market report aims to provide an overview of the mobile battery market with detailed market segmentation by type, application, and geography. The global mobile battery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mobile battery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mobile battery market is segmented on the basis of type and application. Based on type, the mobile battery market is segmented into lithium-ion battery, nickel-based battery, and others. On the basis of application, the mobile battery market is segmented into smartphones and non-smartphones.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mobile battery market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The mobile battery market by each region is later sub-segmented by respective countries and segments. The mobile battery market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mobile battery market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the mobile battery market in these regions.
IMPACT OF COVID-19 ON MOBILE BATTERY MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the mobile battery 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 global mobile battery 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 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.
MARKET PLAYERS
The reports cover key developments in the mobile battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from mobile battery market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the mobile battery market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mobile battery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amperex Technology Limited
- EnerDel
- LG Corporation
- Maxell, Ltd.
- Murata Manufacturing Co., Ltd.
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- Sunwoda Electronic Co., Ltd.
- TianJin Lishen Battery Joint-Stock Co., Ltd.
- Zhuhai CosMX Battery Co., Ltd.