Portable Battery Pack Market worth $10.94 Billion by 2020, According to a New Study on ASDReports

Wednesday 10 September 2014, Amsterdam

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",now available on ASDReport, 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.

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.

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.

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.