Global Portable Battery Pack Market Report 2022: Increasing Use of Mobile Devices Drives Growth – ResearchAndMarkets.com | Techy Kings

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DUBLIN–(BUSINESS WIRE)–Report “Portable battery market – 2022-2027 predictions” was added to ResearchAndMarkets.com offering

The portable battery market is projected to grow at a CAGR of 12.35% by 2027. will reach 17.684 billion US dollars, and in 2020 – 7.825 billion US dollars. via an integrated battery that can be recharged when needed.

A portable battery can maintain power, charge and discharge when needed. It is commonly used in the end-user industry to charge devices such as mobile phones, tablets, cameras, laptops, etc. Portable batteries have also been used in the automotive industry to develop electric vehicles.

Market trends:

The global market for portable batteries is expected to grow significantly, mainly due to the increasing use of smartphones and electric vehicles. However, rising lithium prices and shortages could hurt demand in the portable battery market. Asia Pacific is reported to hold the largest market share due to increasing technological innovation in countries such as China and India.

Growth Factors:

Increasing use of mobile devices

Smartphones and smart devices are on the rise in countries around the world. Smartphones have simplified our lives by introducing features like online shopping, online banking, social networking services and other useful transactions. Additionally, the introduction of 5G technology, which will help increase data transfer rates, is expected to increase the size of the portable battery market. The COVID-19 pandemic has also led to an increase in smartphone sales as businesses have started working remotely and online.

According to the GSMA, by 2025 By the end of 2018, 5G will account for more than a fifth of all global Internet connections. According to the GSMA, by 2020 5.2 billion people, or almost 67% of the world’s population, will subscribe to mobile services by the end of 2018. This number is only expected to increase due to advancements in the smartphone industry. With this constant demand and use of smartphones, the demand for portable batteries is expected to increase as mobile batteries have limited battery capacity and need to be recharged afterwards. Therefore, the increase in the use of smartphones is expected to significantly impact the portable battery market.

Limitations:

The rising price of lithium

Globally, the price of lithium has skyrocketed. This rise in lithium prices has forced many industries to raise their commodity prices to maintain stable profits. This price increase was due to the high production of lithium worldwide. According to the United States Geological Survey, in 2021 worldwide (excluding the US) lithium production was around 100,000 tonnes, which was about 21% more than last year (82,500 tonnes). An unexpected surge in demand for lithium-ion batteries has fueled this increase in production. Demand growth has been driven by increased production and demand for electric vehicles (EVs). This was in response to government measures to replace cars powered by combustion engines to combat the effects of climate change.

Additionally, this increase in lithium prices has also come on the back of production shortages, which have lagged supply and demand for lithium and hampered many key markets. These factors may reduce the size and demand of the portable battery market, resulting in slower growth.

Market segmentation:

According to the capacity range

  • 1000 mAh < 2500 mAh

  • 2500 mAh< 5000 mAh

  • 5000 mAh < 7500 mAh

  • 7500mAh < 10000mAh and above

By product type

  • Pills

  • Smartphones

  • Portable media players

By technology

  • Nickel metal hydride

  • Ni-Cd (nickel cadmium) battery

  • Lithium polymer (lithium polymer) battery

  • Lithium-ion (lithium-ion) battery

By geography

  • North America

  • USA

  • Canada

  • Mexico

  • South America

  • Brazil

  • Argentina

  • Europe

  • Germany

  • France

  • United Kingdom

  • Spain

  • Middle East and Africa

  • Saudi Arabia

  • Israel

  • South Africa

  • Asia Pacific

  • China

  • Japan

  • South Korea

  • India

Main topics covered:

1. INTRODUCTION

2. RESEARCH METHODOLOGY

3. SUMMARY

4. MARKET DYNAMICS

5. PORTABLE BATTERY PACK MARKET BY CAPACITY DIAGRAM

6. PORTABLE BATTERY PACK MARKET BY PRODUCT TYPE

7. PORTABLE BATTERY PACK MARKET BY TECHNOLOGY

8. PORTABLE BATTERY PACK MARKET BY GEOGRAPHY

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

10. COMPANY PROFILES

The mentioned companies

  • Sony Corporation

  • Samsung

  • Mophie

  • Energizer Holding

  • China Bak battery

  • BYD company

  • Duracell International

  • LG Chem

  • OPPO

  • Xiaomi Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/u5yy79

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