Laptop Battery Market Report 2024 (Global Edition)

Global Laptop Battery Market Report 2024 Market Size Split by Type (Lithium-ion Batteries, Nickel-Cadmium Batteries, Nickel-Metal Hydride Batteries, Others), by Capacity (Below 3000 mAh, 3000-5000 mAh...

Laptop Battery Market Report Description

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Competitive Landscape of the Laptop Battery Market

The laptop battery market features intense competition among key players such as Panasonic Corporation, LG Chem Ltd., Samsung SDI Co., Ltd., and Sony Corporation. These companies focus on innovation, product quality, and strategic partnerships to gain a competitive edge and expand their market share in the rapidly growing laptop battery segment.

Top Companies Market Share in Laptop Battery Industry: (In no particular order of Rank)

• Amperex Technology Co. Ltd.
• Amstron Corporation
• Battery Technology Inc.
• Fujitsu Ltd.
• Hewlett-Packard (HP) Company
• LG Chem Ltd.
• Shenzhen LikkPower Electronics Co.
• Ltd
• Panasonic Corporation
• Samsung SDI Co. Ltd.
• Sony Corporation and Toshiba Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Laptop Battery Market

Which Region will dominate the Laptop Battery Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Key factors influencing market growth include technological advancements, increasing remote work trends, and rising consumer preferences for portable computing devices. Major players like Panasonic, LG Chem, and Samsung SDI dominate the market with their high-quality products and extensive distribution networks. Moreover, stringent regulatory standards regarding battery safety and environmental sustainability further shape the regional market landscape. As North America continues to prioritize innovation and digital transformation, the laptop battery market is poised for steady growth, supported by a favorable economic outlook and evolving consumer preferences.

Which Region is Expanding at the Fastest CAGR?

The European region is witnessing an increase in the sales of reagents. Key trends include a shift towards eco-friendly lithium-ion batteries and government initiatives promoting sustainable energy solutions. Major players such as Samsung SDI Co., Ltd. and LG Chem Ltd. compete vigorously, while stringent regulations regarding battery safety and environmental standards influence market dynamics. Moreover, the presence of advanced manufacturing capabilities in countries like Germany and the Netherlands fosters innovation and product development. Despite these opportunities, economic uncertainties and fluctuating consumer demand due to geopolitical factors can pose challenges to market growth in the region.

The current report Scope analyzes Laptop Battery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Laptop Battery Market

According to Cognitive Market Research, the global Laptop Battery Market size was estimated at USD 7251.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2900.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. In North America, the laptop battery market is primarily driven by increasing demand for portable computing devices, fueled by trends such as remote work, online learning, and digital entertainment. Technological advancements in battery performance, such as higher energy density and longer lifespan, also contribute to market growth. Furthermore, the region's robust consumer electronics industry and strong presence of key market players like Panasonic Corporation and Duracell drive innovation and competition, propelling the growth of the laptop battery market in North America.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the laptop battery market, with a market size of USD 2288.48 million in 2024, and is projected to grow at a CAGR of 4.2% during the forecast period. The growing concerns about environmental sustainability and energy efficiency contribute to market growth.
• The Canadian laptop battery market had a market share of USD 348.06 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Canada's government initiatives promoting sustainable energy solutions and technological advancements in battery technology contribute to market growth.
• The Mexico laptop battery market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 263.94 million in 2024.

 

Europe Laptop Battery Market

According to Cognitive Market Research, with a market value of USD 7251.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 2175.36 million. In Europe, the laptop battery market is primarily driven by the increasing adoption of laptops for remote work, education, and leisure activities. Additionally, stringent environmental regulations and growing awareness of sustainability are prompting a shift towards eco-friendly battery solutions such as lithium-ion batteries—advancements in battery technology, coupled with government initiatives supporting renewable energy, further fuel market growth. Moreover, the region's strong manufacturing capabilities and emphasis on innovation contribute to the development of high-quality laptop batteries.

• The United Kingdom's laptop battery market had a market share of USD 365.46 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the advancements in battery technology, coupled with rising environmental awareness, are influencing consumer preferences towards more energy-efficient and sustainable solutions.
• The French laptop battery market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 200.13 million in 2024.
• According to Cognitive Market Research, the German laptop battery market size was valued at USD 430.72 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. Germany's commitment to environmental conservation and energy efficiency incentivizes the adoption of eco-friendly battery solutions.
• The Italian laptop battery market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 187.08 million in 2024.
• The Russian laptop battery market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 337.18 million in 2024.
• The Spanish laptop battery market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 178.38 million in 2024.
• The Luxembourg laptop battery market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 67.44 million in 2024.
• The Portuguese laptop battery market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 45.68 million in 2024.
• The Greece laptop battery market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 26.10 million in 2024.
• The rest of Europe's laptop battery market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 337.18 million in 2024.

 

Asia Pacific Laptop Battery Market

According to Cognitive Market Research, the global Laptop Battery Market size was estimated at USD 7251.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1667.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031. Several key factors drive the Asia Pacific laptop battery market. The increasing adoption of laptops for work and leisure, the growing demand for portable electronic devices, technological advancements in battery technologies, and rising awareness of energy efficiency are among the primary drivers. Additionally, factors such as urbanization, the expanding middle-class population, and the proliferation of e-commerce platforms facilitating easy access to electronic gadgets contribute significantly to the market growth in the region.

• According to Cognitive Market Research, the China laptop battery market size was valued at USD 750.50 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. Technological advancements leading to longer-lasting batteries and the shift towards eco-friendly and sustainable energy sources drive market growth.
• The Japan laptop battery market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 230.15 million in 2024.
• The Indian laptop battery market had a market share of USD 200.13 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. The growing trend of remote work and e-learning fuels the demand for laptops, thereby boosting the need for reliable battery solutions.
• The South Korean laptop battery market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 166.78 million in 2024.
• The Australian laptop battery market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 86.72 million in 2024.
• The South East Asia, laptop battery market, is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 115.08 million in 2024.
• The Rest of the Asia Pacific laptop battery market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 118.41 million in 2024.

South America Laptop Battery Market

According to Cognitive Market Research, the global Laptop battery market size was estimated at USD 7251.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 362.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. Several key drivers influence the Latin American laptop battery market. Increasing consumer demand for portable devices, coupled with technological advancements leading to enhanced battery performance, is a significant factor. Additionally, rising awareness about energy conservation and environmental concerns is driving the adoption of more efficient and sustainable battery technologies. Furthermore, the proliferation of remote work and education initiatives is fueling the demand for laptops, consequently boosting the market for laptop batteries in Latin America.

• According to Cognitive Market Research, Brazil's laptop battery market size was valued at USD 155.18 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period—government initiatives promoting digital literacy and connectivity also fuel demand.
• The Argentina laptop battery market had a market share of USD 60.91 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Technological advancements leading to more efficient batteries and longer lifespans also drive demand.
• The Colombia laptop battery market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 32.27 million in 2024.
• The Peru laptop battery market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 29.73 million in 2024.
• The Chile laptop battery market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 26.10 million in 2024.
• The Rest of the Latin American laptop battery market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 58.37 million in 2024.

 

Middle East and Africa Laptop Battery Market

According to Cognitive Market Research, the global Laptop Battery Market size was estimated at USD 7251.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 145.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. Several key drivers propel the Middle East and Africa (MEA) laptop battery market. Firstly, the increasing adoption of laptops for personal and professional use across various industries drives demand. Secondly, advancements in battery technology, enhancing energy efficiency and lifespan, contribute to market growth. Additionally, rising awareness regarding environmental sustainability fuels the demand for eco-friendly battery options. Moreover, the expanding IT sector and growing internet penetration in the region amplify the need for laptops, further stimulating the market.

• According to Cognitive Market Research, the GCC Countries' laptop battery market size was valued at USD 62.07 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Advancements leading to more energy-efficient batteries contribute to market growth.
• The Egypt laptop battery market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 15.23 million in 2024.
• The South African laptop battery market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 22.91 million in 2024. Growing consumer awareness of sustainability encourages the adoption of energy-efficient products, including laptops with longer battery life.
• The Turkish laptop battery market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 12.47 million in 2024.
• The Nigerian laptop battery market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 15.23 million in 2024.
• The Rest of the MEA laptop battery market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 17.11 million in 2024.

 

Laptop Battery Market Analysis

Laptop Battery Market Type Segment Analysis

Lithium-ion batteries dominate the market due to their higher energy density, lighter weight, and longer lifespan compared to NiCd batteries. They offer improved performance and are more environmentally friendly, making them the preferred choice for modern laptops. Additionally, advancements in Li-ion technology have led to enhanced safety features and faster charging capabilities, further driving their adoption.

Nickel-cadmium batteries, while once prevalent in laptops, have seen a decline in usage due to their lower energy density, heavier weight, and susceptibility to memory effect. However, they still find niche applications in certain industrial and specialty laptop models where cost-effectiveness and robustness are prioritized over energy density.

• Lithium-ion Batteries
• Nickel-Cadmium Batteries
• Nickel-Metal Hydride Batteries
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Laptop Battery Industry. Request a Free Sample PDF!

Laptop Battery Market Capacity Segment Analysis

Batteries with capacities below 3000 mAh typically cater to entry-level and mid-range laptops. These batteries offer sufficient power for basic computing tasks such as web browsing, document editing, and multimedia consumption. They are often preferred for their compact size and lower cost, making them suitable for budget-conscious consumers and compact laptop designs.

Batteries with capacities ranging from 3000 to 5000 mAh are commonly found in high-performance laptops designed for demanding tasks such as gaming, content creation, and multitasking. These batteries provide longer runtime and support heavier workloads, making them essential for users who require extended usage periods without frequent recharging.

• Below 3000 mAh
• 3000-5000 mAh
• Above 5000 mAh

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Laptop Battery Laptop Type Segment Analysis

Standard laptops typically utilize a range of battery types, such as lithium-ion, nickel-cadmium, or nickel-metal hydride, offering varying capacities and performance levels. These laptops are generally designed for versatile usage, including office work, multimedia, and gaming, necessitating batteries with adequate energy density and longevity.

Ultrabooks are characterized by their slim and lightweight design, driving the demand for high-energy-density lithium-ion batteries with longer battery life. Ultrabooks prioritize portability and energy efficiency, often incorporating advanced power management features to optimize battery performance. As a result, manufacturers focus on developing ultrabook-specific battery technologies that balance power efficiency with compact form factors. Segment-specific factors such as size, weight, and power requirements influence battery design and innovation, shaping the competitive landscape within the laptop battery market for standard laptops and ultrabooks.

• Standard Laptops
• Ultrabooks
• Gaming Laptops

Laptop Battery End-User Segment Analysis

Consumer electronics demand batteries that prioritize energy density and portability, driving the dominance of lithium-ion batteries due to their high energy density and lightweight characteristics. These batteries cater to the needs of consumers seeking longer battery life and increased mobility for activities such as gaming, multimedia consumption, and general computing.

The education sector requires batteries emphasizing durability and cost-effectiveness to withstand heavy usage in classroom environments. Nickel-metal hydride batteries, known for their reliability and relatively lower cost compared to lithium-ion alternatives, find traction in this segment. Educational institutions prioritize batteries with longer lifespans and minimal maintenance requirements to support uninterrupted learning experiences.

• Consumer Electronics
• Education
• Healthcare
• Business and Enterprise

Laptop Battery Distributional Channel Segment Analysis

OEM batteries are produced by the original laptop manufacturers and are designed to meet specific performance standards and compatibility with their respective laptop models. These batteries often come with warranties and are perceived as higher quality due to their alignment with the original specifications.

Aftermarket batteries are produced by third-party manufacturers and are sold separately from the laptop. They may offer compatibility with multiple laptop brands and models, providing consumers with more options and potentially lower prices. However, aftermarket batteries may vary in quality and reliability, leading to concerns about performance and safety.

• OEM
• Aftermarket

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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