Portable Battery Pack Market Size, Share, Trends and Forecast To 2024-2032

Portable Battery Pack Market Insights

According to the report published by Zion Market Research, the global portable battery pack market was valued at USD 12.29 billion in 2023 and is predicted to reach USD 34.91 billion by the end of 2032. The market is expected to grow at a CAGR of 12.42% during the forecast period. The report analyzes the Global Legalized Cannabis Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the portable battery pack market.

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Global Portable Battery Pack Market: Overview

Portable battery packs eradicate the need for conventional charging sources and permit end-users to charge portable devices anywhere. The portable battery pack is a hand-held device that can be sealed and easily carried anywhere, anytime. The portable battery pack is used to charge tablets, portable media players, smartphones, and other devices. Currently, portable media players and smartphones are considered rapidly growing portable entertainment products. In order to enhance battery backup, various technologies are used, such as lithium-polymer, nickel-cadmium, and lithium-ion. Three things that are considered while designing portable battery pack are system safety, fuel-gauging accuracy, and battery charging.

Global Portable Battery Pack Market: Growth Factors

Increasing demand for portable battery with long battery backup is expected to enhance the global portable battery pack market in the coming years. In addition, the increasing use of tablets and smartphones also fosters global market growth. However, increasing demand for smartphones and tablets given rise to growth in portable battery pack market. Li-Polymer and Li-ion battery packs are extensively preferred in portable devices owing to their high gravimetric energy density and volumetric. Conversely, the safety of battery-operated systems may hinder global portable battery pack market growth in the coming years. Whereas, battery pack temperature is a critical issue for the safety of the battery. The excess rise in the temperature of Li-Ion portable battery pack may cause an explosion.

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Global Portable Battery Pack Market: Segmentation

The global portable battery pack market is classified on the basis of capacity range, product type, and technology.

The capacity range includes Such as, 1,000 to 2,500 mAh, 2,500 to 5,000 mAh, 5,000 to 7,500 mAh, 7,500 to 10,000 mAh, and above 10,000 mAh.

The product type is divided into, portable media players, smartphones, tablets, laptops, and others.

Moreover, the technology comprises, a lithium-ion battery, a nickel-cadmium battery, a nickel metal hydride battery, and a lithium polymer battery.

The geographical segmentation of the market is seen in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Global Portable Battery Pack Market: Regional Analysis

North America shows remarkable growth in the portable battery pack, due to increasing demand for high-capacity devices in this region, which in turn may enhance global portable battery pack market growth. In addition, growth in the adoption of portable battery pack devices in the United States and Canada is anticipated to boost global safety market growth.

Portable Battery Pack Market: Report Scope

Global Portable Battery Pack Market: Competitive Players

The major key players dominating the global portable battery pack market are

• Samsung Sdi Co. Ltd.
• BYD Company Ltd.
• Duracell International Inc.
• Panasonic Corporation
• LG Chem Inc

Other players include

• Energizer Holding Inc.
• China Bak Battery, Inc.
• Sony Corporation
• Simplo Technology Co., Ltd.
• Mophie Inc.

The Global Legalized Cannabis Market is segmented as follows:

By Capacity Range

• 1,000 to 2,500 mAh
• 2,500 to 5,000 mAh
• 5,000 to 7,500 mAh
• 7,500 to 10,000 mAh
• above 10,000 mAh

By Product Type

• portable media players
• smartphones
• tablets
• laptop
• others.

By Technology

• lithium-ion battery
• nickel cadmium battery
• nickel metal hydride
• lithium polymer battery.

Global Portable Battery Pack Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonies to companies in order to fortify their foothold in the market.