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Mobile Battery Global Market Report 2022

Mobile Battery Global Market Report 2022

Dec 9,2022

The mobile battery market research report is one of a series of new reports from The Business Research Company that provides mobile battery market statistics, 

including mobile battery industry global market size, regional shares, competitors with a mobile battery market share, detailed mobile battery market segments, market trends and opportunities, 

and any further data you may need to thrive in the mobile battery industry. This mobile battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global mobile battery market size is expected to grow from $20.29 billion in 2021 to $21.59 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The mobile batteries market size is expected to grow to $28.06 billion in 2026 at a CAGR of 6.8%.

The rise in the demand for smartphones all over the world is driving the growth of the market. Mobile battery products demand only depends on the sales of the mobile phones as mobile phones are chargeable and need batteries in them. 

According to TechRadar, an online publication focused on technology, in 2021, the global smartphone sales for the world's five largest manufacturers increased, with Samsung adding 7.6% to 272 million units - or 19% of the market and Apple 

devices sold increased by 19.7% to 239 million, and the company grew by 16.7% in terms of its market share. Xiaomi, Oppo, and Vivo all saw their shipments rise by roughly one-third. Therefore, the rising penetration of smartphones is driving the 

growth of the mobile battery market.