Portable Battery Pack Market: Global Industry Analysis and Forecast 2023- 2029

Portable Battery Pack Market size was valued at US$ 15.10 Bn. in 2022 and the total revenue is expected to grow at 17.55 % through 2023 to 2029, reaching nearly US$ 46.84 Bn.
Portable Battery Pack Market Overview:
A portable battery is an electrical storage device that can be charged and discharged into a load. Portable batteries are used in a variety of industries, including the electrical and automotive industries. During the forecast period, the global market is expected to rise due to an increase in infrastructure construction activities in developing nations such as India. Also, the rapid rise in global warming and the government's increasing supportive policies toward electric vehicles are providing enough prospects for the portable battery market to flourish. In recent years, lithium-ion polymer-based batteries have been used in automobile and electrical gadgets.To know about the Research Methodology:- Request Free Sample Report
COVID-19 Impact:
The COVID-19 pandemic, which broke out in the first quarter of 2022, has affected the world in a number of ways, with the manufacturing sector having the greatest impact, which has been completely stagnant for a while. This disrupts demand and supply chains for nearly every product and commodity.

Manufacturing of consumer electronics has been hit hard as factories are closed and the workforce is barred from commuting and working. Demand for portable battery packs, however, was stable, not falling or rising during the pandemic, but supply chain disruptions impacted global portable battery pack sales.
Portable Battery Pack Market Dynamics:
The increasing use of cell phones and the rising demand for electronic gadgets, among other things, are two of the most important growth reasons for the portable battery industry. Canon is now distributing Rayo Mini projectors in India. Canon's Rayo i5 and R4 printers are compact, lightweight, and portable. The Rayo i5 has a 1900mAh battery that lasts up to 120 minutes, while the R4 has a 1700mAh battery that lasts up to 150 minutes, depending on usage. Similarly, Honda Motor Company, Ltd. has partnered with Panasonic to develop a detachable and portable lithium-ion battery that can be used in a range of applications including autos, motorcycles, robotics, and other devices.

In recent decades, there has been an increase in demand for smart gadgets, and this trend will continue in the future. Laptops and cell phones are tremendously useful these days, and people are becoming increasingly reliant on them. Low battery alerts are frequently seen on public transportation or on a bus where there are no recharge stations. When there are power outages, phones go dead, and there are no outlets to charge them. When the device's battery runs out, a portable battery can be used to charge it. In this way, as the number of computers and cellphones grows, so does the demand for portable batteries.

Some revolutionary methodologies have emerged that will enable the development of the next generation of portable battery-powered Internet of Things devices, resulting in opportunities for the Portable Battery Market's major players. Hearing aids, fitness bands, and diagnostic monitoring patches are examples of medical and consumer devices that require portable batteries and are highly popular. The plastic and metal used in the production of portable batteries must meet the standards for chlorinated plastic, fire resistance, and the type of metal used in the production of portable battery-powered products.

However, governments may impose stricter laws on the disposal of electronic waste in the coming years, which could pose a barrier to the portable battery industry's overall growth.
Portable Battery Pack Market Segment Analysis:
Based on the Battery Capacity, the Portable Battery Pack market is sub-segmented into 0-3,000mAh, 3,100-5,000mAh, 5,100-10,000mAh and Other (More than 10,000mAh). The 3,100-5,000mAh segment held the largest market share of xx% in 2022. The increased use of portable batteries in a range of areas is due to rapid technological innovation and development. Moreover, the rise in border conflicts and terrorist activities around the world has prompted the development of drones and miniature surveillance robots. Electronic devices have become an integral aspect of modern society and a critical component of human civilization's advancement. These devices use a portable battery as an energy source, which helps the industry grow.

Based on the Application, the Portable Battery Pack market is sub-segmented into Smartphones, Tablets, Automotive Application, and Others. The Smartphones segment held the largest market share of xx% in 2022. As a result of the rise of smartphone applications in everyday life. Additionally, the increased functionality of smartphones has put a strain on hardware and battery capacity, leading to investments by numerous battery and electrical behemoths to address a slew of issues. In addition, rising smartphone usage and government rules supporting cashless payments via mobile devices and their connection with other devices are among the most important factors driving demand for smartphones, which motivates manufacturers to build more efficient batteries. This feature is expected to provide the market with numerous potential for growth.
Portable Battery Pack Market Regional Insights:
Asia Pacific held the largest market share of xx% in 2022. Because of the widespread usage of cell phones and other mobile accessories in Asia-Pacific, the region holds the largest proportion of the global portable battery market. India, Vietnam, Myanmar, and China, as well as other developing economies in the region, are speeding up their efforts to expand and update their wireless device services infrastructures and infrastructure.

Additionally, Thailand, Singapore, and the Philippines are expected to also contribute to the regional market's growth over the forecast period. Countries like Japan, Malaysia, and Australia are stepping up their efforts to create new battery designs, and they're expected to play a big role in the Asia-Pacific battery market's growth.The objective of the report is to present a comprehensive analysis of the global Portable Battery Pack Market to the stakeholders in the industry.

The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Portable Battery Pack Market dynamic, structure by analyzing the market segments and project the global Portable Battery Pack Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Portable Battery Pack Market make the report investor’s guide.
Portable Battery Pack Market Scope:
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Global Portable Battery Pack Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 15.10 Bn.


Forecast Period 2023 to 2029 CAGR:
17.55 %
Market Size in 2029:
US $ 46.84 Bn.


 Segments Covered:
by Technology
Lead Acid
Nickel Metal Hydride
Lithium-ion Polymer
Nickel Cadmium
Others


by Battery Capacity
0-3,000mAh
3,100-5,000mAh
5,100-10,000mAh
Other (More than 10,000mAh)


by Application
Smartphones
Tablets
Automotive Application
Others



Portable Battery Pack Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Portable Battery Pack Market Key Players are:
1. China Bak Battery, Inc.
2. Duracell International Inc.
3. BYD Company Ltd.
4. Energizer Holding Inc.
5. Samsung Sdi Co. Ltd
6. Simplo Technology Co. Ltd
7. Sony Corporation
8. Panasonic Corporation.
9. LG Chem Inc.
10. Mophie Inc.
11. Anker Technology Co. Limited
12. CHEERO USA INC.
13. Nikon Corporation
14. Braven LC – INCIPIO Technologies
15. Xiamen Bao Yaun Electronic Technology Ltd.
16. Diamond Microscope Est.
17. Aryan Enterprises
18. Bharat Power Solutions
19. Hybrid Energy system
20. Manicom Energy System
21. Coolup Electronics Co.Ltd
22. Ctechi Group Limited
Frequently Asked Questions:
1] What segments are covered in Market report?
Ans. The segments covered in Market report are based on Technology, Battery Capacity and Application.

2] Which region is expected to hold the highest share in the global Market?
Ans. Asia Pacific is expected to hold the highest share in the global Market.

3] What is the market size of global Market by 2029?
Ans. The market size of global Market is expected to reach US $ 46.84 Bn. by 2029.

4] Who are the top key players in the Market?
Ans. China Bak Battery, Inc., Duracell International Inc., BYD Company Ltd., Energizer Holding Inc. and Samsung Sdi Co. Ltd are the top key players in the global Portable Battery Pack Market.

5] What was the market size of global Portable Battery Pack Market in 2022?
Ans. The market size of global Portable Battery Pack Market in 2022 was worth US $ 15.10 Bn.