Portable Battery Market 2020| Covid-19 Research, Industry Growth and Key Players (Acer Inc, Siemens, Dell, Nikon etc.) Analysis till 2023
The study on the global portable battery market 2020 proposes a detailed view of the current proceeding within the semiconductor industry, which is conducted by Market Research Future. MRFR takes into the record the influence of the novel COVID-19 pandemic on portable battery market and offers a regular assessment of the estimated market variation during the forecast period (2016-2023). The market impact and new opportunities are expected to be created at a towering CAGR of 17% portraying remarkable growth by going up with USD 18 billion by 2023.
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Top Factors and Drivers:
Some of the critical factors that are responsible for the growth of portable battery market is the upward demand of the electric vehicles and also the continuously growing demand of the smart devices and other types of consumer non-durables. Rigorous government policies on fuel consumption and fuel economy have also been one of the foremost reasons for motivating the demand for the portable battery market. Thus, the incessantly mounting need for the portable electronic device due to longer shelf life is yet another essential factor estimated to act as a catalyst for the demand for portable batteries during the forecast period.
Besides, the rapid growth of plug-in hybrid electric vehicle is also probable to surge the demand for portable battery market in the upcoming years. This, in turn, is also expected to create a positive effect in the portable battery market during the forecasted period. Portable batteries are available in an ample range of shapes, sizes, and applications. Lithium-ion technology in portable batteries offers more computing power, makes it thinner and smaller in size. The progress of battery technologies is directly connected with the miniaturization of consumer electronics such as tablets, laptops, and mobile phones are what makes the market more and more stable than in previous years.
Despite these factors, the factor of the overheating issue of the portable battery is acting as a restraining factor for the portable battery market from achieving the full potential. The major challenge of portable batteries is the high price. Risk of fire in electronic devices and vehicles is also one of the main restraining factors for the expansion of the market. Insufficient charging infrastructure is also acting as a restraining factor in the growth of portable battery market.
To do an in-depth analysis, the global portable battery market has been segmented as follows:
Segmentation by technology: Comprises of lithium-polymer battery, nickel-cadmium battery lithium-ion battery, and nickel-metal hydride battery.
Segmentation by capacity type: Comprises of 000-2500 mAh, 2600-5000 mAh, 5100-10400 mAh and beyond 10400 mAh
Segmentation by applications: Comprises of Smartphones, media devices, tablets, portable and wearable accessories.
Geographically, the portable battery market is being primarily driven by the Asia Pacific region. Rising demand for the portable battery in the consumer non-durable sector and the automotive sector is driving the market of Asia Pacific region. Rapidly increasing demand of the batteries, which offers high power supplying capacity with high safety and less rate of pollution is anticipated to motivate the Portable Battery market rapidly in future. This region is anticipated to maintain its leadership in the market during the forecasted period owing to the swelling demand of lithium-ion batteries in consumer durable industry. The promising economies in the region such as India, Vietnam, Myanmar, and China are making extra efforts to develop and modernize the wireless device services. Singapore, Thailand, and the Philippines are also presumed to contribute to the regional market expansion for future expansion. Countries such as Japan, Malaysia, and Australia are growing to develop new battery designs and are likely to play a critical part in the market expansion in the Asia-Pacific region.
North America might also expand during the forecast period in support of the increasing demand for high capacity range devices in this region, which in turn may enhance the global portable battery pack market growth.
Top Market Players:
The top players in portable battery market include Acer Inc. (Taiwan), Sony Corporation (Japan), Dell Inc. (US), Nikon Corporation (Japan), Siemens AG (Germany), Sharp Electronics Corporation (Japan), Advanced Battery Systems Inc. (US), and Seiko Holdings Corporation (Japan).
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Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients
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