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Portable Battery Pack Market - Forecast(2024 - 2030)
Portable Battery Pack Market Overview
The Portable Battery Pack Market is forecast to
reach $18.9 billion by 2026, growing at a CAGR of 13.6% from 2021 to 2026. Portable
battery packs are a form of mobile power supply that provides convenient mobile
charging for smartphones, phablets, tablets and other 3C accessories. Portable
battery packs are comprised of special battery with circuit to control power
flow. It stores electrical energy and allows one to use it to charge mobile
devices and other accessories. Depending on the capacity of the power bank and
its current charge level it can take quite a while to fill up. The Li-ion and
lithium polymer batteries have superior energy density than traditional battery
technologies like nickel-cadmium and nickel metal hydride. The three
things that are considered while designing portable battery pack are system
safety, fuel-gauging accuracy and battery charging.
Report Coverage
The report: “Portable Battery Pack Market– Forecast (2021-2026)”, by
IndustryARC covers an in-depth analysis of the following segments of the portable
battery pack market.
By Component – Battery, Circuit Board, USB Output, Micro USB Input, Power Switch, LED Indicator and Others.
By Battery
Type – Lithium-Ion Battery, Lithium-Polymer
Battery, Nickel Metal Hydride Battery, Nickel Cadmium Battery and Others.
By Capacity
– Upto 2500 mAh, 2500 to 5000 mAh,
5000 to 7500 mAh, 7500 to 10000 mAh and Above 10000 mAh
By End User
– Mobile Phones, Tablets, Portable Media
Players and other Electronic Devices
By Geography - North America (U.S, Canada, Mexico), Europe (Germany,
UK, France, Italy, Spain, Russia, Netherlands and Others), APAC(China, Japan
India, SK, Australia, Indonesia, Malaysia and Others), South America(Brazil,
Argentina, Chile, Colombia and others), and RoW (Middle East and Africa).
Key Takeaways
- The demand for portable battery pack is high in the next few years due to rise in use of mobile phones, tablets and wearable devices.
- Portable battery packs are for multipurpose, small in size, safe, reliable and long in life.
- Three things that are considered while designing portable battery pack are system safety, fuel-gauging accuracy, and battery charging.
- North-America is one of the fastest growing markets in portable battery pack due to increasing demand for high capacity range devices in this region.
Portable Battery Pack Market, By Geography, 2020
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Portable Battery Pack Market Segment Analysis - By Battery Type
There are several types of batteries they are lithium-ion,
lithium-polymer and nickel cadmium. Lithium-ion cells are usually in uniform
size and battery holds an average of 2200~2600mAh and are mainly manufactured
in Japan, Korea and China. Li-ion cells have high energy densities and costs
less than Li-polymer due to cheaper and quicker production methods. On the
other hand Li-polymer batteries are robust and flexible when it comes to size
and shape. They are also lightweight and have a lower chance of leaking
electrolyte. The difference between both batteries is type of electrolytes. A
Li-ion battery is a liquid electrolyte and Li-polymer batteries have semi solid
electrolyte.
Portable Battery Pack Market Segment Analysis - By End User
Electronic devices like smart phones, tablets and portable media players
are the end-users of portable battery packs. Smartphones dominate the market
and are projected to grow at a fast rate of 16.1% through 2026. Smartphones and
laptops are equipped with inbuilt batteries which stores battery for short
period of time. These devices also use data and internet services for long time
which tend to drain the battery of smartphones rapidly. This has created a huge
demand for power banks to keep smartphones running for a longer duration.
Portable Battery Pack Market Segment Analysis – By Geography
Asia-Pacific is expected to dominate the global portable battery pack
market with a share of 36.2% in 2020. It is because of large consumption of
mobile phones and other portable devices. The emerging economies in this region
such as India, China, Vietnam and Myanmar are putting efforts to expand and
modernize the wireless devices services. Countries like Japan, Malaysia and
Australia are growing to develop new battery designs and are expected to play a
major role in the market expansion in Asia-Pacific.
Portable Battery Pack Market Drivers
Increasing demand for portable battery with long battery backup
One of the driving factors increasing the demand
for portable battery pack market is high demand for batteries which have long
battery backup. Portable batteries are handy and can be carried from one place
to another. Due to heavy usage of smartphones and laptops while travelling will
drain the battery rapidly this in turn creates the demand for portable
batteries which gives long battery life than short battery life. It depends on
the milliampere-hour (mAh) or capacity of the battery. 10000 – 15000 mAh
segment of portable battery packs are expected to grow at the highest rate
during the forecast period.
Increasing demand for smartphones and tablets
There has been a drastic demand for smart phones
in the past few years and there will be more in the next few years. Mobile phones
and laptops are extremely important these days and people are heavily dependent
on these gadgets for almost every single thing we do. People often encounter low
battery signals while on a bus or public transport where there is no charging
points available. At times power cuts
lead to dead phones and there won’t be outlets to charge them in.
Portable battery packs helps them charge as soon as the mobile run out of
battery. In this way increase in smartphones and laptops is directly
proportional to increase in demand of portable batteries.
Portable Battery Pack Market
Highly competitive market
Portable batteries manufacturers face a huge
competition within the market due to large number of manufacturers in the
market. Each manufacturer in market comes with different range of portable
batteries with a variety of features according to customer needs. This makes
any new entrant difficult to survive unless it comes with updated portable
battery technology. Existing manufacturers in the market always look for
bringing new technologies to gain the advantage of other competitors. Thus,
makes the existing and new entrants extremely competitive and challenging.
Market Landscape
Product launches, acquisitions, and R&D activities are
key strategies adopted by players in the portable battery pack market. The
portable battery pack market is dominated by major companies such BYD Company
Limited, Energizer Holdings Inc., Mophie Inc., Simplo Technology Co. Ltd, Sony
Corporation, Panasonic Corporation, Anker Technology Co. Ltd, CHEERO USA INC.,
Nikon Corporation, Braven LC-INCIPIO Technologies.
Acquisitions/Technology Launches/Partnerships
- In August 2020, Anker has launched the Powercore Play 6700, a portable battery bank designed for gaming on smartphones. The play 6700 packs a 6,700mAh Lithium Polymer battery. It comes with both a 15W USB-A and USB-C port for more compatibility between smartphones.
Related Reports
Report Code: ESR 0169
Report Code: ESR 0086
1. Portable Battery Pack Market Overview
1.1 Definitions and Scope
2. Portable Battery Pack Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Battery Type
2.3 Key trends segmented by Geography
3. Portable Battery Pack Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Portable Battery Pack Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Portable Battery Pack Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Portable Battery Pack Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Portable Battery Pack Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Portable Battery Pack Market – By Battery Type (Market Size -$Million/Billion)
8.1 Lithium Ion
8.2 Lithium Polymer
8.3 Nickel Metal Hydride
8.4 Nickel Cadmium
8.5 Others
9. Portable Battery Pack Market – By Component (Market Size -$Million/Billion)
9.1 Battery
9.2 Circuit Board
9.3 Micro USB Input
9.4 USB Output
9.5 Power Switch
9.6 LED Indicator
9.7 Others
10. Portable Battery Pack Market – By Capacity (Market Size -$Million/Billion)
10.1 Upto 2500 mAh
10.2 2500-5000 mAh
10.3 5000-7500 mAh
10.4 7500-10000 mAh
10.5 Above 10000 mAh
11. Portable Battery Pack Market – By End Use Industry (Market Size -$Million/Billion)
11.1 Mobile Phones
11.2 Tablets
11.3 Portable Media Players
11.4 Others
12. Portable Battery Pack Market - By Geography (Market Size -$Million/Billion)
12.1 North America
12.1.1 U.S
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 Germany
12.2.2 France
12.2.3 UK
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Netherlands
12.2.8 Others
12.3 APAC
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia
12.3.6 Indonesia
12.3.7 Malaysia
12.3.8 Others
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Chile
12.4.4 Colombia
12.4.5 Others
12.5 RoW
12.5.1 Middle East
12.5.2 Africa
13. Portable Battery Pack Market - Market Entropy
13.1 New product launches
13.2 M&A's, collaborations, JVs and partnerships
14. Portable Battery Pack Market – Industry Competitive Landscape (Premium)
14.1 Market Share – Global
14.2 Market Share by Region
14.3 Market Share By Battery Type
15. Portable Battery Pack Market – Key Company List by Country Premium (Premium)
16. Portable Battery Pack Market - Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10