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Portable Battery Outlook: New Avenues Are Opening in EV Industry

11-29-2022 03:50 PM CET | Energy & Environment

Press release from: Allied Analytics LLP

Portable Battery Outlook: New Avenues Are Opening in EV Industry

Rise in adoption of electric vehicles & sales of consumer electronics, and increase in investment in the renewable sector drive the growth of the global portable battery market. However, risk of fire & electrolyte leakage, and high cost restrain the market to some extent. On the other hand, rapid innovation and advancements in the technology present new opportunities in the upcoming years.

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Factors such as growth in adoption of electric vehicles, increase in renewable sector, and sale of consumer electronics are expected to drive the growth of the portable battery market. Factors such as fire risk, high cost, and electrolyte leakage limit the growth of the global portable battery market. Advancements in technologies such as IoT-based devices and rise in demand for new medical and consumer products such as hearing aids, bands, digital watches are expected to be the opportunistic in portable battery market worldwide.

Key players operating in the global portable battery market are Samsung SDI, Panasonic, Toshiba, LG Chem, Tesla, A123 Systems, eCobalt Solutions, BYD, and Johnson Controls. These major companies are adopting a number of strategies such as product launch, research, developments in portable battery output and performance, and others to maintain position in the market. Samsung SDI and Toshiba focus on R&D in Lithium ion battery technology. A123 systems developed special phosphate Li-ion battery technology called LiFePO4 that delivers high energy density to enhance the life cycle of the battery.

The report offers detailed segmentation of the global portable battery market based on form capacity, application, technology, and region.

Based on technology, the lithium iron polymer segment held the highest market share in 2020, holding nearly half of the total market share, and is expected to continue its leadership status during the forecast period. However, the nickel metal hydride segment is estimated to register the highest CAGR of 13.2% from 2021 to 2030.

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Based on application, the smartphones segment held the largest market share in 2020, holding around half of the total market share, and is expected to continue its leadership status during the forecast period. However, the automotive applications segment is projected to register the highest CAGR of 10.8% from 2021 to 2030.

Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding nearly half of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the same region is also projected to manifest the fastest CAGR of 18.7% during the forecast period. Other regions mentioned in the report include North America, Europe, and LAMEA.

Leading players of the global portable battery market analyzed in the research include A123 Systems LLC, BYD Company Ltd., Contemporary Amperax Technology Co., Limited., eCobalt Solutions, Johnson Controls, LG Chem, Panasonic Corporation, Samsung, Tesla Inc., and Toshiba Corporation.

KEY BENEFITS FOR STAKEHOLDERS:
• The portable battery market size has been analyzed across all regions
• Porter's five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
• The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
• Major countries in the region have been mapped according to their individual revenue contribution to the regional market
• The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study
• The market analysis covers in-depth information of major aircraft lighting protection industry participants.

KEY MARKET SEGMENTS
By Technology
• Lead Acid
• Nickel Metal Hydride
• Lithium Ion Polymer
• Nickel Cadmium
• Others (Phosphate Li-ion)

By Battery Capacity Range
• 0-3000mAh
• 3000-5000mAh
• 5100-10000mAh
• Others (Range more than 10,000mAh)

By Application
• Smartphones
• Tablets
• Automotive Applications
• Others (Power Fork Lifts and Telecom Base Stations)

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About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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