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Global Battery Market for Point of Sale Terminals to Grow at a CAGR of 9.35% During the Period 2017 - 2021; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Battery Market for Point of Sale Terminals 2017 - 2021” research report to their website


Lewes, DE -- (SBWIRE) -- 02/10/2017 -- Report forecast the global battery market for POS terminals to grow at a CAGR of 9.35% during the period 2017-2021.

Increased penetration of POS terminals in the retail and hospitality sectors is driving the market. The need for secure transactions by the merchants in these sectors will likely fuel the market growth during the forecast period. The rise in the number of retail outlets is another major factor contributing to the growing sales of POS terminals. Post-2018, the revenue earned by the vendors is likely to be largely based on the software and add-on services provided by them. Add-on services include store management tools such as inventory management, sales analysis, customer relationship management, advertising, and marketing.

The report covers the present scenario and the growth prospects of the global battery market for POS terminals for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas

According to the report, one driver in market is augmented demand from the consumer electronic market. The consumer electronics market is gaining momentum owing to the increase in disposable income and decreasing price of consumer electronic products due to constant advances in technology. The consumer electronic market is expected to grow during the forecast period. In countries such as China, India, and Japan the living standard has increased drastically in past years owing to increase in per capita income or average income. With this increase in per capita income, the average spending has also increased drastically. Due to this, the global consumer electronic market has increased. Consumers are buying products as per their needs and the new technologies and new features in consumer electronic products is driving the market growth.

Further, the report states that one challenge in market is misconceptions regarding EMV POS terminals. Though many countries favor EMV POS terminals to tackle card fraud, there is a lack of awareness among merchants regarding the benefits of EMV POS terminals. This has hindered the adoption of EMV terminals to an extent. Some merchants especially in the MSME segment have low transaction volume and have never encountered card fraud. So, they are reluctant to replace their existing POS terminals. The liability shift policy has become effective in the US; however, there are several merchants who are yet to adopt EMV-compliant POS terminals. Incurring additional costs for new hardware is a major hindrance for them. There is also a small percentage of vendors, mostly microenterprises, that are yet to be educated about the liability shift policy.

Global Battery Market For POS Terminals 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global battery market for POS terminals: LiPol Battery, Overlander, Panasonic, and Shenzhen Glida Electronics.

Other Prominent Vendors in the market are: Ayaa Technology, Hangzhou Future Power Technology, HCT Electric, Sanyi Doctor Technology, Shenzhen Cowon Technology, Shenzhen CPKD Technology, Shenzhen Enbar Technology, and Ubetter Technology.

Market driver
- Augmented demand from the consumer electronic market.
- For a full, detailed list, view our report

Market challenge
- Misconceptions regarding EMV POS terminals.
- For a full, detailed list, view our report

Market trend
- Growth of manufacturing hubs in Southeast Asia.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 34 Exhibits "Global Battery Market for Point of Sale Terminals 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by battery type, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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