Laptop Batteries Market: Size, Share, Trends & Forecast (2024-2029)
The report covers a comprehensive analysis segmented by Type (Primary Batteries, Secondary Batteries), By Cells (3, 4, 6, 8, 9, 12), By Sales (OEMs, Aftermarket), By Distribution Channels (Retail Stores, Online Stores, E-commerce Platforms, Others), By Geography (North America, South America, Asia Pacific, Europe, the Middle East, Africa).
Laptop Batteries Market Snapshot
Laptop Batteries Market Overview
The global laptop batteries market is estimated to be at $8.26 Bn in 2024 and is anticipated to reach $10.7 Bn in 2029. The global laptop batteries market is registering a CAGR of 5.31% during the forecast period 2024-2029.
A laptop battery is a rechargeable hardware device that produces, stores and supplies power to the laptop and enables the device to function without a power cord. Laptop batteries generate electricity by moving ions from a negatively charged anode to a positively charged cathode and charging the device through an adaptor. Some of the commonly used laptop op batteries include lithium-ion or Li-ion, Li-polymer, Nickel-Cadmium (NICAD) and Nickel-Metal Hydride (NIMH). They can power the device for several hours and are available in a wide variety of configurations depending on the processor speed, memory, screen size, weight, workload and other specifications of the laptop.
The market is driven by technological advancements, increasing demand for laptops, and a focus on energy-efficient solutions. As laptops become more integrated with AI (Artificial Intelligence) and IoT (Internet of Things) technologies, there could be new demands for batteries capable of supporting these functionalities while maintaining efficiency and longevity. An increase in demand for environmentally friendly and sustainable laptop batteries may result from growing environmental concerns. This could lead to the adoption of recyclable materials and more energy-efficient designs. The demand for lithium-ion batteries is not limited to laptops. As these industries grow, there could be shifts in the availability and pricing of battery components, which may impact the laptop battery market.
Additionally, several product advancements are also boosting the industry, such as the creation of smart batteries that enable continuous operation for 24 hours and include internal voltage and current measurement capabilities. Gaming laptop manufacturers have been successful in targeting various gaming communities through targeted marketing and branding efforts. These companies are incorporating advanced technologies into their products to stay competitive and meet the evolving demands of the market.
​Laptop Batteries Market Coverage
| Historical & Forecast Period | 2018-2029 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Units | Billion US$ |
| Segments | Type, Cells, Sales, Distribution Channels |
| Geographies | North America, South America, Asia Pacific, Europe, the Middle East, Africa |
| Key Vendors | Toshiba Corp., Panasonic Holdings Corp., LG Chem Ltd., Fujitsu Ltd., Samsung SDI Co. Ltd. |
Key Geographies of Laptop Batteries Market, 2023
Porter’s 5 Forces Analysis of Laptop Batteries Market
Laptop Batteries Market Trends
Fast-Charging technology has become a key feature in laptop batteries. Consumers expect their devices to charge quickly and efficiently, allowing them to remain productive without long downtimes. Fast-charging systems are being invested in by manufacturers in order to accommodate this demand. Some of the trending technologies such as solid-state batteries and alternative batteries such as Nano-Bolt lithium tungsten batteries, Zinc-manganese oxide batteries, Lithium-sulfur batteries, and others for electrodes, are being investigated for their potential to revolutionize the laptop battery market. These batteries will have better energy density, more safety, and the potential for greater energy storage capacity. They will also perform noticeably better in terms of charge time and lifespan overall.
There’s a trend towards using eco-friendly materials in battery production and implementing recycling programs to reduce electronic waste and minimize environmental impact. The integration of laptop batteries with solar panels is gaining traction due to the growing popularity of sustainable energy sources like solar electricity. Smart battery management systems are becoming more common. They use sophisticated software algorithms to monitor battery health, maximize performance, and lengthen battery longevity. Many advanced laptop batteries can be fully charged in a shorter span of time with technologies such as USB-Type C charging and quick charging systems.
While still in the early stages of adoption, wireless charging technology for laptops is gaining traction. Integration of laptop batteries with other technologies, such as artificial intelligence, Internet of Things (IoT), and wireless charging enhances the functionality and versatility of laptops. The increasing popularity of gaming as a form of entertainment has fueled demand for gaming laptops having high power batteries.
Laptop Batteries Market Driving Factors
The increasing necessities and uses of laptops in different sectors such as education sectors, entertainment sectors, and communication sector drives the demand for reliable and durable batteries. As laptops become essential tools in various aspects of life, there is a corresponding need for batteries that can keep up with prolonged usage. The need for newer laptop models with more efficient batteries is driven by ongoing advancements in battery technology, which include higher energy density, faster charging times, and longer lifespans. The growing demand for remote work, mobile computing, and on-the-go lifestyles increases the demand for laptops with lightweight and long-lasting batteries. Consumers prioritize devices that offer extended battery life to support their daily activities without the need for frequent charging.
Therefore, the demand for laptop batteries is mostly driven by the user experience. The increasing popularity of gaming as a form of entertainment has fueled the gaming laptops with high performing and long-lasting batteries. Gaming laptop manufacturers have been successful in targeting various gaming communities through targeted marketing and branding efforts. They are incorporating these technologies into their products to stay competitive and meet the evolving demands of the market.
Laptop Batteries Market Challenges
There are several issues that impact their performance, longevity, and overall usability of currently available laptop batteries in the markets. Lithium-ion battery technology, which is mostly used in laptops, has a limited energy density. Over time, lithium-ion batteries experience degradation due to chemical reactions that occur during charging and discharging cycles. This degradation leads to a reduction in battery capacity and overall lifespan, resulting in shorter battery life and the need for frequent recharging.
Laptop batteries are prone to safety hazards like overheating, swelling, catching fire, or bursting, which can be inconvenient for users who require fast access to power. These safety concerns can arise from manufacturing defects, improper usage, exposure to extreme temperatures, or physical damage to the battery. The production, use, and disposal of lithium-ion batteries contribute to environmental pollution and resource depletion. The global supply chain for battery materials, such as lithium, cobalt, and nickel, is vulnerable to geopolitical tensions, trade disputes, and market fluctuations. The lifespan and performance of laptop batteries can be impacted by user behavior, such as excessive multitasking and inappropriate charging procedures.
Cost considerations may discourage or prevent some consumers from purchasing laptops with advanced battery features, impacting market demand and adoption rates. Ensuring compatibility and standardization of laptop batteries across different device models and manufacturers remains a challenge. Varying battery designs, specifications, and connector types can complicate battery replacement, maintenance, and repair processes for users and service providers. The dependence on a limited number of suppliers and logistical challenges can disrupt the supply of critical battery components, affecting laptop production and availability in the markets.
Laptop Batteries Market – Key Industry News
- In March 2024, Enovix Corporation, a global high-performance battery manufacturer, announced that it has been granted 15-year Pioneer Status from the Malaysian Investment Development Authority (MIDA) for manufacturing its batteries under the brand name Fab-2.
Laptop Batteries Market Competitive Landscape
The competitive landscape of laptop batteries involves several key players, including manufacturers of both laptops and battery components. Companies that are specialized in manufacturing laptop batteries play a crucial role. These include well-known names such as Toshiba Corp., Panasonic Holdings Corp., LG Chem Ltd., Fujitsu Ltd., Samsung SDI CO. Ltd. Major laptop manufacturers like Dell, HP, Lenovo, Asus, and Acer have a significant influence on the laptop battery market.
Research institutions and startups are continually exploring new battery technologies to improve energy density, charging speeds, and safety. These innovations can disrupt the competitive landscape by offering innovative solutions or challenging existing players. Regulations and standards regarding battery safety and environmental impact can influence the competitive landscape. Consumer preferences for longer battery life, faster charging, and lightweight devices drive innovation and competition among laptop manufacturers. Price competition is also significant, especially in the consumer market segment. Laptop manufacturers often compete over price while trying to maintain quality and performance standards.
Overall, the competitive landscape of laptop batteries is shaped by a combination of technological innovation, strategic partnerships, regulatory compliance, and consumer demand. Success in this market requires companies to stay at the forefront of battery technology advancements while meeting the evolving needs and preferences of consumers aspects.
Laptop Batteries Market Company Share Analysis, 2023 (%)
Laptop Batteries Market – Key Companies
Reason to Buy from us
Table of Contents
| 1. Introduction |
|---|
| 1.1. Research Methodology |
| 1.2. Scope of the Study |
| 2. Market Overview / Executive Summary |
| 2.1. Global Laptop Batteries Market (2018 – 2022) |
| 2.2. Global Laptop Batteries Market (2023 – 2029) |
| 3. Market Segmentation |
| 3.1. Global Laptop Batteries Market by Type |
| 3.1.1. Primary Batteries |
| 3.1.2. Secondary Batteries |
| 3.2. Global Laptop Batteries Market by Cells |
| 3.2.1. 3 |
| 3.2.2. 4 |
| 3.2.3. 6 |
| 3.2.4. 8 |
| 3.2.5. 9 |
| 3.2.6. 12 |
| 3.3. Global Laptop Batteries Market by Sales |
| 3.3.1. OEMs |
| 3.3.2. Aftermarket |
| 3.4. Global Laptop Batteries Market by Distribution Channels |
| 3.4.1. Retail Stores |
| 3.4.2. Online Stores |
| 3.4.3. E-commerce Platforms |
| 3.4.4. Others |
| 4. Regional Segmentation |
| 4.1. North America |
| 4.1.1. The U.S |
| 4.1.2. Canada |
| 4.1.3. Mexico |
| 4.2. South America |
| 4.2.1. Brazil |
| 4.2.2. Argentina |
| 4.2.3. Colombia |
| 4.2.4. Chile |
| 4.2.5. Rest of South America |
| 4.3. Asia Pacific |
| 4.3.1. China |
| 4.3.2. India |
| 4.3.3. Japan |
| 4.3.4. South Korea |
| 4.3.5. Rest of Asia Pacific |
| 4.4. Europe |
| 4.4.1. UK |
| 4.4.2. Germany |
| 4.4.3. Italy |
| 4.4.4. France |
| 4.4.5. Spain |
| 4.4.6. Rest of Europe |
| 4.5. The Middle East |
| 4.5.1. Turkey |
| 4.5.2. UAE |
| 4.5.3. Saudi Arabia |
| 4.5.4. Rest of the Middle East |
| 4.6. Africa |
| 4.6.1. Egypt |
| 4.6.2. South Africa |
| 4.6.3. Rest of Africa |
| 5. Value Chain Analysis of the Global Laptop Batteries Market |
| 6. Porter Five Forces Analysis |
| 6.1. Threats of New Entrants |
| 6.2. Threats of Substitutes |
| 6.3. Bargaining Power of Buyers |
| 6.4. Bargaining Power of Suppliers |
| 6.5. Competition in the Industry |
| 7. Trends, Drivers and Challenges Analysis |
| 7.1. Market Trends |
| 7.1.1. Market Trend 1 |
| 7.1.2. Market Trend 2 |
| 7.1.3. Market Trend 3 |
| 7.1.4. Market Trend 4 |
| 7.1.5. Market Trend 5 |
| 7.2. Market Drivers |
| 7.2.1. Market Driver 1 |
| 7.2.2. Market Driver 2 |
| 7.2.3. Market Driver 3 |
| 7.2.4. Market Driver 4 |
| 7.2.5. Market Driver 5 |
| 7.3. Market Challenges |
| 7.3.1. Market Challenge 1 |
| 7.3.2. Market Challenge 2 |
| 7.3.3. Market Challenge 3 |
| 7.3.4. Market Challenge 4 |
| 7.3.5. Market Challenge 5 |
| 8. Regulatory Landscape |
| 9. Competitive Landscape |
| 9.1. Toshiba Corp. |
| 9.2. Panasonic Holdings Corp. |
| 9.3. LG Chem Ltd. |
| 9.4. Fujitsu Ltd. |
| 9.5. Samsung SDI Co |
| 9.6. Company 6 |
| 9.7. Company 7 |
| 9.8. Company 8 |
| 9.9. Company 9 |
| 9.10. Company 10 |
Laptop Batteries Market – Frequently Asked Questions (FAQs)
What is the current size of the global laptop batteries market?
The market size for the global laptop batteries market in 2024 is $8.26 Bn.
Who are the major vendors in the global laptop batteries market?
The major vendors in the global laptop batteries market are Toshiba Corp., Panasonic Holdings Corp., LG Chem Ltd., Fujitsu Ltd., Samsung SDI Co. Ltd.
Which segments are covered under the global laptop batteries market segments analysis?
This report offers in-depth insights into each type, cells, sales, distribution channels.