Portable Battery Pack Market to Witness Double Digit CAGR by 2024
Zion Market Research, the market research group announced the analysis report titled "Portable Battery Pack Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWire) -- 08/16/2017 --Global Portable Battery Pack Market: Overview
Portable battery pack eradicates the need for conventional charging sources and permits end-users to charge portable devices anywhere. The portable battery pack is a hand-held device, which can be sealed and easily carried anywhere anytime. The portable battery pack is used to charge tablets, portable media players, smartphones, and others devices. Currently, portable media players and smartphones are considered rapidly growing portable entertainment products. In order to enhance battery backup, various technologies are used such as lithium-polymer, nickel-cadmium, and lithium-ion. Three things that are considered while designing portable battery pack are system safety, fuel-gauging accuracy, and battery charging.
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Global Portable Battery Pack Market: Growth Factors
Increasing demand for portable battery with long battery backup is expected to enhance the global portable battery pack market in the coming years. In addition, increasing use of the tablets and smartphones also foster the global market growth. However, increasing demand for smartphones and tablets given rise to growth in portable battery pack market. Li-Polymer and Li-Ion battery packs are extensively preferred in the portable devices owing to high gravimetric energy density and volumetric. Conversely, the safety for the battery-operated systems may hinder the global portable battery pack market growth in coming years. Whereas, battery pack temperature is the critical issue for the safety of the battery. The excess rise in the temperature of Li-Ion portable battery pack may cause an explosion.
Global Portable Battery Pack Market: Segmentation
The global portable battery pack market is classified on the basis of capacity range, product type, and technology. The capacity range includes 1,000 to 2,500 mAh, 2,500 to 5,000 mAh, 5,000 to 7,500 mAh, 7,500 to 10,000 mAh and above 10,000 mAh. The product type is divided as portable media players, smartphones, tablets, laptop, and others. Moreover, the technology comprises the lithium-ion battery, nickel cadmium battery, nickel metal hydride, and lithium polymer battery. North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa give geographical segmentation.
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Global Portable Battery Pack Market: Regional Analysis
North America shows a remarkable growth in the portable battery pack, due to increasing demand for high capacity range devices in this region, which in turn may enhance the global portable battery pack market growth. In addition, growth in the adoption of the portable battery pack devices in the United States and Canada is anticipated to boost the global safety market growth.
Global Portable Battery Pack Market: Competitive Players
Major key players dominating the global portable battery pack market are Samsung Sdi Co. Ltd, BYD Company Ltd., Duracell International Inc., Panasonic Corporation, and LG Chem Inc. Other players include Energizer Holding Inc., China Bak Battery, Inc., Sony Corporation, Simplo Technology Co. Ltd., and Mophie Inc.
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