DUBLIN, May 12, 2022 /PRNewswire/ — The “Mobile Computing Battery Market – Global Outlook & Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The mobile computing battery market size was valued at USD 8.30 billion in 2021 and is expected to reach USD 15.18 billion by 2027, growing at a CAGR of 10.59% during the forecast period.
With the increasing demand for portability and mobility, manufacturers are trying hard to pour money into inventing innovative and efficient battery technologies. There is a rising need to build energy-dense batteries, remarkably because microprocessor performance has been increasing at a rate far faster than the annual rise in battery energy capacity.
Although lithium is abundant in many regions, its deposits are found in low concentrations. So continued research has been going on to discover its replacements that are more commercially viable.
With the increasing shift towards digitalization, demand for mobile computing devices has risen significantly since the last decade. In turn, this has encouraged existing manufacturers of mobile computing devices to boost production, which has fueled the demand for portable computing batteries.
MOBILE COMPUTING BATTERY MARKET SEGMENTATION
Since consumer spending power has expanded, laptops are now widely used for official, educational, and recreational purposes. Increased internet penetration and significant expansion in the gaming industry are two more major growth-inducing factors for portable PCs.
The OEM can optimize battery performance and manufacturing productivity by having total visibility and awareness of the battery supply chain. OEMs have recently prioritized the development of numerous supply connections and cooperation with battery specialists. OEMs are progressively pursuing the highest quality and competitive technology available, including a mix of contracts with multiple companies and even in-house production, instead of having exclusive battery supply arrangements.
APAC: APAC is projected to see an incremental growth of more than USD 4.58 billion during the forecast period. The investment in the Indian IT sector is growing continuously, and companies in this industry are expanding their footprint globally. Moreover, the presence of well-established ICT infrastructure in South Korea and the technology-oriented population. All such factors create favorable conditions for the growth of the mobile computing battery market in APAC.
North America: The presence of better technology infrastructure supports the growth of the region’s global next-generation advanced batteries market. The introduction of 5G has further boosted the demand for new mobile computing devices manufacturing.
The key players in the mobile computing battery market are LG Energy Solution, SAMSUNG SDI, Amperex Technology, and Panasonic Corporation.
Collaboration and acquisition are a strong focus for LG Energy Solution. For instance, in September 2021, LG Energy Solution invested in Greatpower Nickel & Cobalt Materials, situated in China.
By October 5, 2020, Panasonic Corporation achieved its target for shipment of 200 billion dry batteries worldwide compared to 100 billion in 2001.
In terms of application, portable PCs and cellular phones are the major demand generator for mobile computing batteries due to their high penetration. Demand for mobile computing batteries used in wearables is anticipated to witness the highest CAGR during the forecast period.
As we advance, battery systems and battery technology will be major factors influencing purchase behavior. This will also boost the dependence on Lithium-ion batteries, thus driving the global battery chargers.
Government regulations and scientific developments in key battery elements such as cathode materials will drive major improvements in battery attributes and cost reductions over the next decade.
LG Energy Solution
Other Prominent Vendors
Shenzhen Grepow Battery
Atemitech (Hantong Technology)
Shenzhen Huidafa Technology
DNK Power Company
Shenzhen Highpower Technology
SHENZEN EPARTS TECHNOLOGY
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7.2 Battery Manufacturing Insights
7.2.1 Lithium-Ion Battery Insights
7.2.2 Raw Material Insights
7.3 Historical Insights
7.4 Future Trends & Opportunities
7.5 Mobile-Computing Device Industry Outlook
7.6 Impact Of Covid-19 On Battery Market
8 Market Opportunities & Trends
8.1 Improved Performance Of Semiconductor Industry Amid Covid-19 Pandemic
8.2 Innovation In Cathode Material Of LI-On Batteries
8.3 Rising Demand For Wearables
9 Market Growth Enablers
9.1 Rising Popularity Of Esports
9.2 Advances In LI-Ion Batteries
9.3 Growing Focus On Digitalization
9.4 Increasing Smartphone Penetration
10 Market Restraints
10.1 Trade & Political Turbulence
10.2 Volatility In Graphite Prices
11 Market Landscape
11.1 Market Overview
11.2 Demand Insights
11.3 Value Chain Analysis
11.3.1 Raw Material
11.3.2 Processed & Refined Material
11.4 Market Size & Forecast
11.6 Distribution Channel
11.8 Five Forces Analysis
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Portable Pcs
12.4 Cellular Phones
12.7 Other Applications
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
14 Distribution Channel
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
For more information about this report visit https://www.researchandmarkets.com/r/fybba0
Research and Markets
Laura Wood, Senior Manager
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