Press release
Strong Demand Drives Portable Battery Market Toward $27.5 Billion by 2030
A portable battery, often referred to as a power bank, is a compact energy storage device designed to charge electronic devices on the go. Measured in milliampere-hours (mAh), indicating how much charge the battery can store. Common capacities range from 5,000 mAh to 30,000 mAh or more.
Download Sample Pages: https://www.alliedmarketresearch.com/request-sample/5589
The Asia-Pacific portable battery market is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period.
Asia-Pacific dominates the portable battery market, due to rapidly increasing population base and increasing disposable income across the countries such as India and China.
The key players operating in the global portable battery industry 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.
Recent investments of the Indian government toward lithium-ion battery manufacturing plant in Gujarat and surge in demand for portable electronic gadgets in the country are driving the growth of the market.
Rise in awareness regarding healthcare coupled with increase in use of portable medical equipment during the pandemic outbreak have positively impacted the growth of the market.
Rapidly expanding automotive sector across the globe, rapidly burgeoning electric vehicle sales, and rapidly growing demand for lithium-iron polymer batteries in several application areas, such as smartphones, tablets, are expected to create increased opportunities for the portable battery market during the forecast period.
Advantageous properties possessed by portable battery as compared with other battery types are expected to fuel the growth of the portable battery market during the forecast period.
The growth of the global portable battery market is majorly driven by rapidly urbanization and increase in infrastructural activities across the globe, especially in the developing countries such as India, Indonesia, and Brazil and others, which have escalated the demand for portable batteries.
Buy This Report (339 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/3UMhd24
The presence of leading automotive leaders such as General Motors, Tesla, Ford, and Chrysler is expected to have a positive impact on the development of the market. This is attributed to rise in awareness regarding the advantages of electric-driven vehicles.
The presence of portable electronic manufacture giants such as Dell, Motorola, Materials Handling Group, and other government agencies is further anticipated to provide remunerative opportunities for the global market during the forecast period.
The conversion of electricity is carried out with the help of a chemical reaction, which may increase fire risks due to unfavorable weather conditions, leading to property damage and rising life risks for the staff working on the equipment.
Portable batteries consist of electrolyte, which increases the risk of leakage, thus causing heavy causalities. This factor acts as a key restraining factor of the global market.
High cost associated with raw materials and huge investment required for the development of new batteries increase the overall expenses of portable batteries, thereby restraining the growth of portable battery market, globally.
On the basis of technology, the global portable battery market is segmented into lead acid, Nickel Metal Hydride, Lithium-ion polymer, Nickel-cadmium, and others.
Get a Customized Research Report: https://www.alliedmarketresearch.com/request-for-customization/5589
On the basis of capacity, the global market is segmented into 0-3000mAh, 3000-5000mAh, 5100-10000mAh and others (Range more than 10,000mAh). The applications covered in the study include smartphones, tablets, automotive applications and others.
Trending Reports in Energy and Power Industry:
Redox Flow Battery Market
https://www.alliedmarketresearch.com/redox-flow-battery-market
Portable Battery Market
https://www.alliedmarketresearch.com/portable-battery-market
Electric Scooter Battery Market
https://www.alliedmarketresearch.com/electric-scooter-batteries-market-A11636
Submarine Battery Market
https://www.alliedmarketresearch.com/submarine-battery-market-A42642
Lithium-ion Battery Market
https://www.alliedmarketresearch.com/lithium-ion-battery-market
Cylindrical Li-ion Battery Market
https://www.alliedmarketresearch.com/cylindrical-li-ion-battery-market-A155333
Lithium-Ion Battery Recycling Market
https://www.alliedmarketresearch.com/lithium-ion-battery-recycling-market-A11683
Solar Battery Market
https://www.alliedmarketresearch.com/solar-battery-market-A11115
U.S. Forklift Battery Market
https://www.alliedmarketresearch.com/us-forklift-battery-market-A07523
U.S. Solar Battery Market
https://www.alliedmarketresearch.com/us-solar-battery-market-A13108
Transportation Battery Recycling Market
https://www.alliedmarketresearch.com/transportation-battery-recycling-market-A17401
Battery Recycling Market
https://www.alliedmarketresearch.com/battery-recycling-market
Lithium-Iron Phosphate Batteries Market
https://www.alliedmarketresearch.com/lithium-iron-phosphate-batteries-market-A13057
Industrial Batteries Market
https://www.alliedmarketresearch.com/industrial-batteries-market-A11837
Vanadium Redox Flow Battery (VRB) Market
https://www.alliedmarketresearch.com/vanadium-redox-flow-battery-vrb-market-A193313
Thermal Batteries for Military Market
https://www.alliedmarketresearch.com/thermal-batteries-for-military-market-A325469
Lithium Sulfur Battery Market
https://www.alliedmarketresearch.com/lithium-sulfur-battery-market-A12076
Forklift Battery Market
https://www.alliedmarketresearch.com/forklift-battery-market-A05964
Solid-State Lithium Battery Market
https://www.alliedmarketresearch.com/solid-state-lithium-battery-market-A151389
Sodium Sulfur Batteries Market
https://www.alliedmarketresearch.com/sodium-sulfur-batteries-market
Lead-Acid Battery Market
https://www.alliedmarketresearch.com/lead-acid-battery-market-A05962
Sodium Ion Battery Market
https://www.alliedmarketresearch.com/sodium-ion-battery-market-A10597
Solid State Battery Market
https://www.alliedmarketresearch.com/solid-state-batteries-market
Rechargeable Batteries Market
https://www.alliedmarketresearch.com/rechargeable-batteries-market-A09294
Battery Swapping Market
https://www.alliedmarketresearch.com/battery-swapping-market-A109671
Battery Technology Market
https://www.alliedmarketresearch.com/battery-technology-market
Secondary Battery Market
https://www.alliedmarketresearch.com/secondary-battery-market-A09285
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int'l: +1-503-894-6022Toll Free: +1-800-792-5285Fax: +1-800-792-5285help@alliedmarkearketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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. 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.
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 Strong Demand Drives Portable Battery Market Toward $27.5 Billion by 2030 here
News-ID: 4008822 • Views: …
More Releases from Allied Analytics LLP
Rising Crude Oil Demand Drives Artificial Lift System Market Expansion
According to a new report published by Allied Market Research, The global artificial lift system market size was valued at $26.3 billion in 2020 and is projected to reach $55.3 billion by 2030, growing at a CAGR of 7.7% from 2021 to 2030.
What is an Artificial Lift System?
An artificial lift system is a method used to increase the flow of fluids (usually oil or gas) from a well when natural…
Rising Demand for Electricity Transmission Drives Transformer Core Market
According to a new report published by Allied Market Research, The global transformer core market size was valued at $8.9 billion in 2020, and global transformer core market forecast projected to reach $13.5 billion by 2030, with global market forecast expected at a CAGR of 4.3% from 2021 to 2030.
A transformer core is a type of magnetic core used in transformers to increase or decrease the voltage of electrical energy.…
Energy Storage Boom Fuels Growth in Lithium Iron Phosphate Batteries Market
According to a new report published by Allied Market Research, The global lithium iron phosphate batteries market size was valued at $5.6 billion in 2020, and lithium-iron phosphate batteries market forecast to reach $9.9 billion by 2030 at a CAGR of 5.9% from 2021 to 2030.
What are Lithium-Iron Phosphate Batteries?
Lithium-Iron Phosphate (LiFePO4) batteries are a type of lithium-ion battery that uses iron phosphate as the cathode material. They are known…
Cable Accessories Market Set to Grow Amid Rising Demand for Reliable Power Distr …
According to a new report published by Allied Market Research, The cable accessories market size was valued at $49.5 billion in 2020, and is projected to reach $99.3 billion by 2030, growing at a CAGR of 7.2% from 2021 to 2030.
What are Cable Accessories?
Cable accessories are components used in conjunction with electrical cables to enhance functionality, ensure safety, and facilitate installation. They play a crucial role in the performance and…
More Releases for Battery
America SLI Battery Market Segment, Trends and Forecast to 2026 | XS Power Batte …
Global Market Insights has launched a report on America SLI Battery Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
Global Market Insights, Inc. forecasts the America SLI Battery Market…
Golf Cart Battery Market | Axion Power, Samsung SDI, Dyno Battery, Smart Battery
Global Golf Cart Battery Market: Overview
The global market for golf cart batteries is expected to expand at a promising pace in the next few years, with the rising uptake of golf carts as practical transportation modes for elderly in places such as airports, crowded stations, and tourist locations globally expected to act as a key growth factor. The increased usage of golf carts other nonconventional application areas is also expected…
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market
The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from…
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market
The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this…
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors.
The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation…
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017
A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery…
