Increase in the fast-charging technologies boosting the growth of the market

Published: Jan 2024

The global Mobile Battery market is expected to grow at a compound annual growth rate (CAGR) of 6.4% during the forecast period (2023-2030). Fast charging technologies are revolutionizing the way we interact with our mobile devices. Gone are those days when we needed to wait for many hours to get it recharged fully. These innovative solutions are changing the view of the mobile battery market, driven by the insatiable demand for immediate convenience and productivity.  Fast charging technologies surpass the standard charging protocols used by most devices. Instead of sending in a drop of electrical current, they pump up the voltage and amperage, pushing more power into the battery in a shorter time. For example, Qualcomm announced the world’s first commercial fast charging technique called Quick Charge 5 in the year 2020. This technology enabled the phone battery to recharge from 0 – 50 % in five minutes which enabled new battery technology, accessories, and safety features. 

Browse the full report description of “Mobile Battery Market Size, Share & Trends Analysis Report by Type (Lithium-ion, Nickel-based, and Others (Solid-state Batteries, Lithium-Sulphur Batteries)), by Application (Smartphones, Tablets, Laptops, and Others (Wearables, Wireless speakers)), and by Sales Channel (Online, and Offline) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/mobile-battery-market

For instance, in February 2022, Oppo launched Multiple Flash Charge Technologies at Mobile World Congress(MWC) 2022. The company its two charging techniques. The first one was the 150W SUPERVOOC with Battery Health Engine, and the second one was with a capacity of 240W. The 150W SUPERVOOC flash charge, allowed the battery to maintain 80% of its original capacity after as many as 1,600 charge cycles, which doubled the current industry standard, thus providing extremely fast charging in addition to the battery’s health protection. The 240W SUPERVOOC flash charge technology marked the latest technological breakthrough in the mobile phone industry. Charging a 4,500mAh battery from 1% to 100% in about 9 minutes.

Market Coverage

The market number available for – 2022-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o By Type

o By Application

o By Sales Channel

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes BYD Co., Ltd., Contemporary Amperex Technology Co., Ltd. (CATL), LG Chem, Ltd., Panasonic Corp., SAMSUNG SDI CO., LTD., and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Mobile Battery Market Report Segment

By Type

  • Lithium-ion
  • Nickel-based
  • Others (Solid-state Batteries, Lithium-Sulphur Batteries)

By Application

  • Smartphones
  • Tablets
  • Laptops
  • Others (Wearables, Wireless speakers)

By Sales Channel

  • Online
  • Offline

Global Mobile Battery Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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