Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market for “Portable Battery Pack Market - which is forecasted from 2020 to 2027”.
The prime factors propelling the growth of the Portable Battery Pack Market are technological advancements, smartphone and electric vehicle adoption, and supportive government policies.
As per the report, the market for Portable Battery Pack Market is expected to grow at a steady pace
The portable battery pack is essentially a tool that helps with power supply and enables convenient charging of numerous devices. Portable charger sales have boomed as a result of the significant increase in the use of portable electronic gadgets. As a result of the significant rise in the number of applications for battery packs across many industry sectors, the market for portable battery packs has undergone a revolution. Mobile devices utilise power banks the most frequently, but there also are other portable electronics that are expected to see considerable demand growth and provide new business opportunities. There are sufficient opportunities for the portable battery business to grow due to the rapid increase in global warming and the government's increasingly favourable policies toward electric vehicles.
The Portable Battery Pack market has been categorised on the basis of capacity range, product type, technology and geography.
By capacity range, the market has been classified based on 1000 mAh<2500 mAh, 2500 mAh<5000 mAh, 5000 mAh<7500 mAh and 7500 mAh<10,000 mAh and above. As the majority of smartphones have smaller batteries that can be charged using 2500 mAh<5000 mAh batteries, this segment is expected to grow significantly.
By product type, the market has been classified based on Tablets, Smartphones, Portable Media Players and Others. The demand for portable battery pack has grown as a result of the rise in the use of smartphones and tablets, as well as the high demand for their continuous use.
On the basis of technology, the classification has been done into Nickel Metal Hydride, Ni-Cd (Nickel Cadmium) Battery, Li-Polymer (Lithium Polymer) Battery and Li-ion (Lithium-ion) Battery. For consumer electronics, including computers, tablets, MP3 players, smartphones, and other portable devices, lithium batteries have become the preferred material.
In light of the increasing technological developments in countries such as China and India, the Asia-Pacific region has been estimated to have the greatest market share. It is anticipated that this region will continue to dominate the market over the anticipated time. This dominance is governed by the existence of major portable battery pack producers in the area and increased demand from economies with growing urbanisation.
The COVID-19 pandemic forced the shutdown of the automobile and electronics sectors, which caused significant losses for the portable battery market. The majority of companies began mass-producing when the COVID-19 restrictions were lifted, which increased demand for lithium in the electronics and automobile industries, raised the prices of metals, and affected the market for portable batteries. However, the market is rebounding as a result of ongoing improvements in smartphones.
As a part of the report, the major players operating in the Portable Battery Pack market that have been covered are Sony Corporation, Mophie, Samsung, Energizer Holding, BYD Company, Duracell International, LG Chem.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/portable-battery-pack-market
This analytics report segments the Portable Battery Pack market on the following basis: