Semiconductor Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Semiconductor Batteries Market Report is segmented by Type (Lithium-Ion Battery, Nickel-Metal Hydride, Lithium-Ion Polymer, Sodium-Ion Battery), Applications (Laptops, Mobile Phones, Wearable Devices, Digital Cameras, Electric Vehicles), and Geography.

Semiconductor Battery Market Size

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Batteries For Semiconductor Market Summary
Study Period 2019-2029
Market Size (2024) USD 13.19 Billion
Market Size (2029) USD 19.99 Billion
CAGR (2024 - 2029) 8.67 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Batteries For Semiconductor Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Semiconductor Battery Market Analysis

The Batteries For Semiconductor Market size is estimated at USD 13.19 billion in 2024, and is expected to reach USD 19.99 billion by 2029, growing at a CAGR of 8.67% during the forecast period (2024-2029).

Over the long term, the increasing adoption of electric vehicles and demand for mobile phones are expected to drive the market during the forecasted period.

On the other hand, technological challenges of batteries, like low energy density, lower lifespan, and slower charging capacity, are expected to hinder the growth of the market during the forecasted period.

Nevertheless, the increasing adoption of energy storage systems is expected to create huge opportunities for the Batteries for Semiconductor Market.

Asia-Pacific is expected to be a dominant region for the Consumer Battery Market due to the presence of a large battery manufacturing infrastructure in the region.

Semiconductor Battery Market Trends

The Electric Vehicle Segment is Expected to Witness Significant Demand

  • The electric vehicle (EV) market segment has witnessed substantial growth in recent years, and this has had a significant impact on the demand for batteries in the semiconductor market. As EVs continue to gain popularity due to their environmental benefits and technological advancements, the need for efficient and reliable batteries has become paramount. This surge in demand has generated a ripple effect throughout the semiconductor market, creating new opportunities and challenges for stakeholders in the industry.
  • According to the International Energy Agency, global electric vehicles are on the rise in 2022; the cumulative plug-in light electric vehicle sales globally were around 10.2 million units, recording a growth rate of 56.9% between 2021 and 2022 and a fivefold increase between 2018 and 2022.
  • One of the key drivers behind the growth of the EV market segment is the increasing global awareness of environmental concerns. Governments and consumers are advocating for cleaner and more sustainable modes of transportation, and EVs have emerged as a viable solution. This has led to various incentives, tax breaks, and regulations promoting the adoption of electric vehicles. As a result, automakers are shifting their focus towards EV production, thus bolstering the demand for advanced battery technologies within the semiconductor market.
  • For instance, in January 2023, the Government of Canada announced that at least 20% of the vehicles sold in the country will be electric vehicles from 2026, and it will gradually increase to 60% in 2030 and reach 100% by the end of 2035. This announcement was made to increase the adoption of electric vehicles in the country to meet the carbon emission targets set by Canada. The government has also announced offering production incentives to companies manufacturing electric vehicle batteries nationwide.
  • The electric vehicle market segment's growth trajectory has a cascading effect on the semiconductor industry, creating a range of opportunities for market players. Semiconductor manufacturers have a chance to develop and supply the cutting-edge components and chips required for EV batteries, battery management systems, and power electronics. This translates to increased revenue potential and the chance to capitalize on the expanding EV market.
  • With the increasing sales of electric vehicles and the supportive government policies, the segment is expected to increase further, increasing the research and development activities in the battery for semiconductor segment.
Batteries For Semiconductor Market: Batteries for Semiconductor Market: Plug-in Light Electric Vehicle Sales, In Million Units, Global, 2018-2022

Asia-Pacific Account for Significant Market Growth

  • The Asia-Pacific market segment for batteries in the semiconductor market is a pivotal and dynamic region with significant implications for the global semiconductor industry. This vast and diverse region encompasses many countries, each with its unique economic and technological landscape. The demand for batteries in the semiconductor market within the Asia Pacific region has been steadily rising, driven by factors that include rapid industrialization, increasing consumer electronics usage, and the burgeoning electric vehicle market.
  • One of the critical drivers for the demand for semiconductor batteries in the Asia-Pacific region is the exponential growth in consumer electronics. This growth is driven by rising disposable incomes and a surging middle-class population, especially in countries like China and India. These consumers are increasingly adopting smartphones, laptops, and other personal electronic devices, which, in turn, fuels the need for advanced semiconductor batteries to power these gadgets. As consumer electronics become an integral part of everyday life, semiconductor manufacturers in the Asia-Pacific region are poised to benefit from this growing market segment.
  • Additionally, the Asia-Pacific region has witnessed a substantial uptick in electric vehicle adoption. With an increasing focus on environmental sustainability and government incentives to promote electric vehicles, countries like China have become significant players in the electric vehicle market.
  • For instance, according to the China Association of Automobile Manufacturers (AMMA), as of May 2023, China is the largest market for electric vehicles (EV), with an estimated 0.793 million plug-in hybrid Electric vehicles (PHEVs) and 2.146 million battery electric vehicles (BEVs) being sold. In 2022, the country recorded the highest sales of battery electric vehicles, with 5.45 million. It is expected to remain the world's largest electric car market during the forecast period.
  • This, in turn, has led to soaring demand for advanced batteries in the semiconductor market, as EVs require efficient and reliable semiconductor components to manage power and battery performance. The growth of the electric vehicle market, therefore, offers substantial opportunities for semiconductor battery manufacturers in the Asia-Pacific region.
  • In conclusion, the Asia-Pacific market segment for batteries in the semiconductor market is a dynamic and rapidly evolving landscape. The region's growing demand for semiconductor batteries, driven by consumer electronics and electric vehicles, offers significant opportunities for manufacturers. Therefore, per the above points, the Asia-Pacific region will dominate the battery for semiconductor market during the forecasted period.
Batteries For Semiconductor Market: Batteries for Semiconductor Market: Growth Rate by Region, 2024-2029

Semiconductor Battery Industry Overview

The batteries for semiconductor market are highly fragmented and consolidated. The major companies (in no particular order) include Samsung SDI Co Ltd, Sony Corporation, Panasonic Corporation, Varta AG, and Toshiba Corporation, among others.

Semiconductor Battery Market Leaders

  1. Samsung SDI Co Ltd

  2. Sony Corporation

  3. Panasonic Corporation

  4. Varta AG

  5. Toshiba Corporation

*Disclaimer: Major Players sorted in no particular order

Batteries For Semiconductor Market Concentration
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Semiconductor Battery Market News

  • February 2022: ROHM Semiconductor announced that the company developed a new evaluation board for ultra-efficient semiconductor battery operations for the newly developed Internet of Things devices called REFLVBMS001-EVK-001.
  • February 2022: Solus Advanced Material announced that the company decided to diversify its business operations by establishing overseer production facilities for developing semiconductor batteries and battery foils. The company expected a significant increase in sales by the end of 2026.

Semiconductor Battery Market Report - Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD, till 2029

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

        1. Increasing Demand for Mobile Devices

        2. Rising Adaption of Electric Vehicles

      2. 4.5.2 Restraints

        1. Availability of Technical Challenges

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitute Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Lithium-Ion

      2. 5.1.2 Nickel-Metal Hydride

      3. 5.1.3 Lithium-Ion Polymer

      4. 5.1.4 Sodium-Ion Battery

    2. 5.2 End-User Application

      1. 5.2.1 Consumer Electronics

      2. 5.2.2 Electric Vehicles

      3. 5.2.3 Energy Storage System

      4. 5.2.4 Other End-User Applications

    3. 5.3 Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.3.2 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Chile

        2. Brazil

        3. Argentina

        4. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. United Arab Emirates

        3. South Africa

        4. Egypt

        5. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Samsung SDI Co Ltd.

      2. 6.3.2 Sony Corporation

      3. 6.3.3 Panasonic Corporation

      4. 6.3.4 Varta AG

      5. 6.3.5 Toshiba Corporation

      6. 6.3.6 EnerSys

      7. 6.3.7 GS Yuasa Corporation

      8. 6.3.8 Faradion Limited

      9. 6.3.9 Routejade

      10. 6.3.10 TianJin Lishen Battery Joint-Stock Co. Ltd.

    4. *List Not Exhaustive
    5. 6.4 Market Ranking/Share Analysis


    1. 7.1 Innovation in Energy Storage System

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Semiconductor Battery Industry Segmentation

For semiconductors, also known as semiconductor batteries, batteries refer to specialized energy storage devices designed to power semiconductor-based electronic components and devices. These batteries are engineered to meet specific power requirements and operational characteristics of semiconductor chips, integrated circuits, and other semiconductor devices.

Type, applications, and geography (North America, Europe, Asia-Pacific, South America, the Middle East, and Africa) segment the batteries for semiconductor market. By type, the market is segmented into lithium-ion battery, nickel-metal hydride, lithium-ion polymer, and sodium-ion battery. By applications, the market is segmented into consumer electronics, electric vehicles, energy storage systems, and others. The report also covers the market size and forecasts for the batteries for semiconductor market across major regions, such as Asia-Pacific, North America, Europe, South America, the Middle East, and Africa. 

For each segment, the market sizing and forecasts have been done based on revenue (USD).

Nickel-Metal Hydride
Lithium-Ion Polymer
Sodium-Ion Battery
End-User Application
Consumer Electronics
Electric Vehicles
Energy Storage System
Other End-User Applications
Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
North America
United States
Rest of North America
South Korea
Rest of Asia-Pacific
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa
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Semiconductor Battery Market Research FAQs

The Batteries For Semiconductor Market size is expected to reach USD 13.19 billion in 2024 and grow at a CAGR of 8.67% to reach USD 19.99 billion by 2029.

In 2024, the Batteries For Semiconductor Market size is expected to reach USD 13.19 billion.

Samsung SDI Co Ltd, Sony Corporation, Panasonic Corporation, Varta AG and Toshiba Corporation are the major companies operating in the Batteries For Semiconductor Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Batteries For Semiconductor Market.

In 2023, the Batteries For Semiconductor Market size was estimated at USD 12.05 billion. The report covers the Batteries For Semiconductor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Batteries For Semiconductor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Batteries for Semiconductor Industry Report

Statistics for the 2024 Batteries for Semiconductor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Batteries for Semiconductor analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Semiconductor Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)