Rapid Growth of the Small Battery Market Driven by Evolution of Transportation Methods

[Asia Economy Reporter Changhwan Lee] With the emergence of various modes of transportation, the small battery market continues to grow.

According to Samsung SDI on the 14th, the small battery market is showing an average annual growth rate of 8%, and this growth trend is expected to continue steadily.

The recent growth of the small battery market is due to the expanding range of applications beyond traditional use in smartphones and laptop PCs, including wireless earphones, smartwatches, wearable devices, drones, electric bicycles, electric scooters, electric kickboards, and robots.

The industry particularly anticipates the potential for new business models arising from the growth of the micro mobility market.

Micro mobility refers to single-person transportation powered by electricity. It serves as a complement for short-distance travel that is difficult to reach by public transportation or car. This micro mobility technology is a new mode of transportation combining IT technology and battery technology.

Not only in the micro mobility market, but some companies are also developing drones capable of carrying people, and bicycles and scooters are being electrified.

People are moving beyond simply purchasing applications with built-in batteries to new business models such as renting batteries or swapping fully charged batteries at charging stations, which is expected to sustain the growth of the small battery market.

In fact, last month at the InterBattery 2020 exhibition, Samsung SDI showcased a replaceable battery pack for e-scooters and a charging station for battery packs, attracting significant attention from visitors.

The popularity of wearable devices is also a foundation for the growth of the small battery market. As wearable devices such as wireless earphones and smartwatches increase, the demand for small batteries is rising.

Additionally, with the advancement of communication technologies like 5G and the enhancement of smartphone application performance, battery usage is rapidly increasing.

In the case of smartphones, users mainly watch videos or play high-spec games, while electric power tools demand higher output performance, and mobility devices such as electric kickboards and electric scooters seek longer driving ranges.

Accordingly, battery companies including Samsung SDI are recently focusing their technological capabilities on battery miniaturization, capacity increase, and rapid charging technology development.

This content was produced with the assistance of AI translation services.