Technology and portable devices have taken over the world and to meet the world demand for technological equipment’s companies are trying very hard. Every technological product needs power source and in today’s scenario, every company is trying to make their product simpler but more effective. Portable Battery Market is growing with the growth of technological product. Mobile phone, wireless devices are something which needs to be recharged within some time span and this has become the fuel for growth for portable battery market. Currently this market is growing with CAGR of high and valued at US high billion which is expected to reach US high billion by the end of forecasted period.
The prominent players in the market of portable battery market are- Samsung SDI Co. Ltd. (South Korea), Sony Corporation (Japan), LG Chem Inc. (South Korea), BYD Company Ltd. (China), Duracell International Inc. (US), China Bak Battery, Inc. (China), Panasonic Corporation. (Japan), Mophie Inc. (U.S.), Energizer Holding Inc. (U.S.), Simplo Technology Co. Ltd (Taiwan) among others.
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Portable battery Global Market – Competitive Analysis
The market of portable battery appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on latest technology and, most of all, in acquiring other firms. Prominent vendors of portable battery targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to invent new portable battery modules that match the changing trends and needs across the globe. These players possess a strong sales and distribution network which have helped them to gain leadership position in the market. An ever-increasing emphasis has been observed among portable battery industry marketers on inbound lead generation over branding-oriented efforts.
Portable Battery Global Market – Segmentation
Portable battery market has been segmented on the basis of technology, capacity type and by applications. By technology, market includes- Lithium-Ion Battery, Lithium-Polymer Battery, Nickel-Cadmium Battery and Nickel-Metal Hydride Battery. On the basis of capacity type, market has been segmented as- 1000-2500 MAH, 2600-5000 MAH, 5100-10400 MAH and above 10400 MAH. On the basis of applications, market has been segmented as- smartphones, tablets, media devices and portable wearable accessories.
Portable battery Global Market – Regional Analysis
North America is dominating the global portable battery market with the largest market share due to increasing demand for technological product including mobile phone, wireless devices and others, is gaining demand in portable battery market in these region and is expected to gain growth by 2023. Global portable battery market in European market is expected to grow at a substantial high CAGR during 2016 to 2023. The Asia Pacific market for portable battery market is expected to grow at a considerable CAGR (2017-2023) due to high adoption of portable battery in developing countries and increasing focus on real estate project is driving the market in the region.
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Portable Battery Global Market – Industry News:
FEB 12, 2018 – Lithium Werks, a global provider of lithium ion battery and portable power solutions group, has acquired Valence Technologies, Inc. to supply high quality Modules and Battery Management System their customers.
February 06, 2018– GOOLOO, the leading battery power expert has announced to launch their product of Jump Starter a portable and powerful product.
In October 2015- Energizer Holdings, Inc. has announced their acquisition to Spectrum Brands Holdings to provide battery and portable lighting to their customers.
In October 2015- Samsung SDI Co. Ltd introduces Stripe and band batteries for smart watches. These batteries are an integrated with wearable devices and can shape up with any curves of a human body
In September 2015- Sony Corporation launched new CP-S15 portable charger for smartphones and other portable devices.
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The report for Global Portable Battery Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Study Objective of Portable Battery Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global portable battery market
- To provide insights about factors affecting the market growth
- To analyze the Portable Battery market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment, by application, by technology, by capacity type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global portable battery market
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