(PRWEB) August 07, 2014
According to a new market research report "Portable Battery Pack Market by Capacity Range, Product Type (Smartphone, Tablet, Portable Devices and Others), Technology (Li-ion, Nickel Metal Hydride, Li-Polymer, and Nickel Cadmium) & Geography - Global Forecast to 2014 - 2020", published by MarketsandMarkets, the global Portable Battery Pack Market is expected to grow at a CAGR of 17.53% from 2014 to 2020, and reach $10.94 Billion in 2020.
Browse 49 market Tables and 42 Figures spread through 215 Pages on "Portable Battery Pack Market".
Early buyers will receive 10% customization on this report.
The major use of portable batteries in the consumer electronics sector is found in the mobiles, tablets, notebooks, and other smart devices. The increase in the number of smart devices, high capacity requirement of electronic devices, and evolution of different battery technologies are driving the global portable battery market. The growing demand of portable battery packs in a variety of industrial segments such as communication, computer, medical and military, advancements in battery technologies and different applications ranging from power tools to small electronic devices are creating new opportunities for the portable battery pack manufacturers.
As a result of the massive amount of data and power usage in electronic gadgets and the ‘on-the-go’ communication in handheld devices, a high volume of battery power is consumed, which has made the ‘on-the-go power’, a prerequisite of every portable battery pack. A reliable portable charger has become essential to avoid the inevitable dead battery situation in the connected environment. Also, the trend of multiple handheld devices for specific tasks has dramatically increased the number of consumers in the consumer electronic market. Whether it comprises travelling for business or pleasure or simply being out of the house all day, battery packs are expected to become an essential supporting device in consumer electronics. Some of the major players involved in the global portable battery pack market include BYD Battery Co. Ltd. (China), LG Chem. Power Inc. (South Korea), Panasonic Corp. (Japan), and Samsung SDI Co. Ltd. (South Korea), among others.
Samsung is one of the major players in the Smartphone and tablet market, which is the dominant end market for portable battery packs. Samsung introduced its range of ‘Universal USB Extended Battery Packs’ as a perfect accessory for the Smartphone and tablet users. These battery packs can store up to 9000mAh of power, enough for three full charges of most smart phones and one full charge on most tablet devices. Also, the allied devices include the devices such as the ‘Samsung LTE Hotspot Pro’, which is primarily a hotspot device that is equipped with a very powerful 3,100mAh battery, which can be used as a battery for charging up any Smartphone or tablet with USB charging capability.
The overall Portable Battery Pack Market in this report is segmented by capacity range, product type, technology, and geography. All the major segments are further segmented into sub segments. According to the forecast & analysis, The Global Portable Battery Pack Market is expected to reach up to $10.94 Billion by 2020, at an estimated CAGR of 17.53% from 2014 to 2020.
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The competitive landscape section of the report provides key developments and strategies followed by the major players and their company profiles. Some of the big players in the portable battery market include BYD Battery Co. Ltd (China), Energizer Holding Inc. (U.S), LG Chem Power Inc. (South Korea), Mophie Inc. (U.S), Panasonic Corporation (Japan), Simplo Technology Co. Ltd. (Taiwan), Sony Corporation (Japan), and Samsung SDI Co., Ltd. (South Korea).The report also presents a detailed analysis of the overall global portable battery market, along with the market dynamics (drivers, restraints, and opportunities) and market size forecasts in terms of the revenue.
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