Professional Portable Battery Aftermarket Market 2021 Expected to reach US$ 6.9 Billion with 10.1% CAGR Forecast to 2026

Professional Portable Battery Aftermarket Market 2021-2026

While several end-use industries including healthcare, residential, commercial, automotive, and manufacturing, showcase significant adoption of professional portable batteries, given the introduction of wireless and portable devices arising from technological advancements, the overall safety and security devices landscape is estimated to boost the aftermarket sales of professional portable batteries. Stringency in regulation making it mandatory for organizations to use fire safety and security equipment in workplaces, will increase the demand for professional portable battery.

Persistence Market Research (PMR), in its recently published report on the global professional portable battery aftermarket, indicate lucrative opportunities for battery manufacturers operating in the aftermarket, considering the growing installed base of battery operated devices.

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Representing a promising year-on-year growth of 9 percent in 2019, the valuation of global professional portable battery aftermarket is estimated to stand at a valuation of US$ 3.5 Billion, by the end of 2019. Between 2018 and 2026, the forecast period considered in the scope of study, the aftermarket sales of professional portable battery will grow at a stellar CAGR of 10.1 percent, reaching a revenue of US$ 6.9 Billion.

Key Players:

The report has profiled some of the Important players prevalent in the global like – Energizer Holding Inc., Varta AG, Toshiba Corporation, Murata Manufacturing Co., Ltd., Panasonic Corporation, The Swatch Group, BE Power GmbH, Maxell Holding, Ltd., Duracell Inc., EVE Energy Co., Ltd., Guangzhou MaiSheng Energy Technology Co., Ltd., Suzhou South Large Battery Co., Ltd., Shenzhen Pkcell Battery Co., Ltd. and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Professional Portable Battery Aftermarket.

Key Insights Drawn from PMR’s Survey on the Professional Portable Battery Aftermarket

Approximately 95 percent respondents say that the aftermarket could prove to be a critical revenue stream for professional portable battery sales owing to increase in demand for wireless device.
Europe is expected to hold approximately 20 percent share in the global portable battery aftermarket. The demand for professional portable batteries is estimated to grow at an approximate rate of 10 percent, in the next 5-10 years, attributable to increased sales of consumer electronics in the region.
Respondents showed increased preference for Alkaline batteries, compared to Lithium-Ion batteries and Nickel-based batteries.

However, Lithium Ion battery are expected to grow at a high rate growth rate in next 5 to 10 years, considering its long life span. Market study also indicates that Lithium Ion battery will hold 53 percent market share, expanding at a stellar growth rate.
Increasing sales of wireless safety and security devices and use of portable devices in IT and supply chain management have emerged as the major factors driving the growth of professional portable battery aftermarket.

Nearly 62.5 percent respondent adopted smart home solutions for increased family security.
In terms of distribution channel, nearly 65 percent respondents say that the current distribution landscape is dominated by offline sales, while the other 35 percent believe that the online sales will capture the market.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Professional Portable Battery Aftermarket Market Manufacturers
Professional Portable Battery Aftermarket Market Distributors/Traders/Wholesalers
Professional Portable Battery Aftermarket Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Major Highlights of the Professional Portable Battery Aftermarket Market Report:

The Professional Portable Battery Aftermarket Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.

The report dives deeper into the market and explains the dynamic factors bolstering market growth.

The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.

The report analyzes the Professional Portable Battery Aftermarket Market presence across major regions of the world.

It determines the production & consumption capacities and demand & supply dynamics of each regional market.

The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.

It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.