As per the report published by Allied Market Research, the Japan mobile battery market generated $0.92 billion in 2020, and is expected to reach $1.43 billion by 2030, registering a CAGR of 4.5% from 2021 to 2030.
Rise in demand for smartphones, tablets, and other electronic devices drives the growth of the Japan mobile battery market. However, high cost associated and potential risks hazards associated with lithium-ion batteries hinder the market growth. On the contrary, high energy efficiency requirements in technologically updated consumer gadgets are expected to open new opportunities for the market players in the future.
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Based on type, the lithium-ion battery is projected to register the highest CAGR of 4.6% during the forecast period. In addition, the segment held the largest share in 2020, accounting for nearly three-fourths of the market. The report also includes an analysis of nickel-based and other segments.
On the basis of application, the smartphone segment is estimated to portray the highest CAGR of 4.8% from 2021 to 2030. In addition, the segment dominated the market in 2020 in terms of revenue, contributing to more than fourth-fifths of the market. The research also analyzes the non-smartphone segment.
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Based on sales channel, the online segment is expected to showcase the highest CAGR of 4.6% during the forecast period. However, the offline segment held the largest share in 2020, accounting for more than half of the market.
The research offers an extensive analysis of key players active in the global solid state batteries industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Samsung SDI Co., Ltd., Panasonic Corporation, Murata Manufacturing Co., Ltd., EEMB, LG Corporation, Maxell, Ltd., Sunwoda Electronic Co., Ltd., Zhuhai CosMX Battery Co., Ltd., TianJin Lishen Battery Joint-Stock Co., Ltd., and Amperex Technology Limited. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Get detailed COVID-19 impact analysis on the Japan Mobile Battery Market: https://www.alliedmarketresearch.com/request-for-customization/15248?reqfor=covid
Covid-19 scenario:
- The Covid-19 pandemic led to strict regulations regarding import & export, which disrupted the supply chain and hampered the demand for mobile batteries in Japan. Moreover, the lockdown regulations forced manufacturing facilities to shutdown or work at half of the total capacity.
- However, the market is expected to get back on track as the number of vaccination drives increase and production in various industries resumes at full potential.
Highlights of the study report
- A thorough assessment of the matrix of vendors as well as major firms would help in understanding the competitive scenario in the market
- Information on regulatory and investment scenarios for the market
- An analysis of the factors fueling the market growth along with their influence on the projection and dynamics of the Solid state batteries Market
- A detailed roadmap presenting growth opportunities in the Solid state batteries Market along with identification of key factors influencing the market growth
- A comprehensive assessment of the many trends prevailing in the Solid state batteries market would help in identifying market developments
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