Industry Background:
Cellphone batteries are available in replaceable and non-replaceable categories which when charged allows cellphones to be used anywhere. The cellphone batteries are revitalized with a charger depending on the range of power capacity. There are several types of batteries used such as lithium-ion batteries, lithium polymer (Li-Poly) batteries, nickel-cadmium batteries, and nickel-metal hydride batteries. It is available in various power capacity 2500 mAh-4000, 4500 mAh-6000 mAh, 6500 mAh, and above.This growth is primarily driven by Increasing Production and Demand for the Smartphones or Cellphones and Demand for Higher Density Energy based Batteries in the Phones for Longer Operating Battery Cycle.
Globally, a noticeable market trend is evident Increasing Consumption of Lithium-ion Cellphone Batteries. Major Players, such as LG Corporation (South Korea), Samsung SDI Co., Ltd (South Korea), Panasonic (Japan), Pisen Electronics Co. Ltd (China), Simplo Technology Co. Ltd. (China), Toshiba Corporation (Japan), Infineon Technologies AG (Germany), StoreDot (Israel), Enovix Corporation (United States) and Sunwoda Electronic Co (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 22nd February 2021, Enovix Corporation the leader in the design and manufacture of next-generation 3D Silicon Lithium-ion batteries, and Rodgers Silicon Valley Acquisition Corp. a special purpose acquisition company, announced that they have entered into a definitive agreement and plan of merger for a business combination that will result in Enovix becoming a publicly listed company. Upon closing of the transaction, which is expected to occur in the second quarter of 2021, the company will be named Enovix Corporation and is expected to remain listed on the Nasdaq Stock Market under the new ticker symbol, "ENVX".
Regulatory Insights:
"According to the Environmental Protection Agency, some lithium-ion batteries may meet the definition of hazardous waste under the Resource Conservation and Recovery Act (RCRA) if they exhibit a characteristic of hazardous waste such as ignitability, reactivity, or toxicity when they are disposed of. Persons who generate wastes that are defined as hazardous under RCRA are referred to as “hazardous waste generators.” These regulations do not apply to households because, under RCRA, hazardous wastes discarded by households are generally exempt from hazardous waste regulations. In contrast, commercial establishments are responsible for determining whether any waste they produce is hazardous waste, including Li-ion batteries at their end of life."
Market Drivers
- Increasing Production and Demand for the Smartphones or Cellphones
- Demand for Higher Density Energy based Batteries in the Phones for Longer Operating Battery Cycle
Market Trend
- Increasing Consumption of Lithium-ion Cellphone Batteries
Restraints
- Regulatory Guidelines and Standards Involved with Environmental Hazards Generating from E-Waste Like Cellphone Batteries
Opportunities
Technological Advancements in the Recycling Process of Cellphone Batteries
Challenges
High-Cost Production of Cellphone Batteries
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cellphone Batteries Study Sheds Light on
The Cellphone Batteries Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cellphone Batteries industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cellphone Batteries industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.