Press release
Portable Battery Pack Market Highlights, Notable Developments, Scope, Recent Trends and Forecast to 2031 With a CAGR of 10.7%
Use of electronic devices in this digital age has grown beyond any other product in the 21st century. The most prominent change in the consumer electronics industry came with the launch of smartphones, which completely revolutionized the portable battery pack industry. Mobile devices has been the most prominent segment in the portable battery pack marketplace, and are expected to have a dominant outlook throughout the forecast period.
Advancements in battery technologies, high demand for portable battery packs, rising scope of applications across multiple industry verticals, and growing consumer electronics sales are some of the major factors influencing the portable battery pack market potential.
Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/5213
Prime manufacturers of portable battery packs are investing in increasing the accuracy of their products and are adopting various organic and inorganic strategies to maximize their revenue potential across the world.
• In January 2019, Elecjet, a small firm developing battery technologies and products, announced the launch of its new fast-charging capable power bank. The battery pack is unique to its technology and employs a graphene enhancement technique to make charging more fast and efficient. Elecjet Apollo Traveller with a capacity of 5000 mAh with extremely fast charging times was a one-of-its-kind power bank at the time of its launch.
• In September 2021, Xiaomi, a renowned name in consumer electronics, announced the launch of its new power bank. Xiaomi Mi Hypersonic, a 50W power bank, went live for sales in India in October, at an affordable price tag.
Key Takeaways from Market Study
• The portable battery pack market is expected to progress at an astronomical CAGR of around 10.7% over the decade.
• The market in Asia Pacific is expected to evolve at the highest CAGR and hold a dominant share in the global market.
• By 2031, the market is slated to attain an estimated net worth of US$ 29 Bn.
• The mobile phones segment is expected to account for a dominant market share in terms of value as well as revenue.
• Increasing use of smart devices, rising number of battery-powered devices, advancements in battery technology, rising disposable income, and rapid urbanization and digitization across various geographies are some of the major factors driving demand for portable battery packs.
"Demand and supply from Asia Pacific is expected to play a significant role in shaping the global portable battery pack industry," says a Persistence Market Research analyst.
Buy Full Report Now and Get Up to 20% Discount @ https://www.persistencemarketresearch.com/checkout/5213
Competitive Landscape
The global market for portable battery packs has been identified as a fairly fragmented space due to the presence of a high number of participants.
Some of the key market players included in the report are BYD Company Limited, Energizer Holdings Inc., mophie Inc., Simplo Technology Co. Ltd., Sony Corporation, Panasonic Corporation, Anker Technology Co. Limited, CHEERO USA INC., and Braven LC - INCIPIO Technologies Inc.
These are identified as key manufacturers of portable battery packs. These market participants are engaged in expansion activities and are also investing in the development of new products with faster changing and other technological advancements.
More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global portable battery pack market that contains industry analysis of 2016-2020 and opportunity assessment for 2021-2031.
The report provides an in-depth analysis of the market through different segments, namely, measurement point type, application, distribution channel, and region. The report also provides supply and demand trends along with an overview of the parent market.
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/5213
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Portable Battery Pack Market Highlights, Notable Developments, Scope, Recent Trends and Forecast to 2031 With a CAGR of 10.7% here
News-ID: 2822375 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
