Portable Battery Powered Products Market Advanced technologies & growth opportunities in global Industry by 2023.
Global Portable Battery Powered Electronics Market: Overview
Portable battery powered products have become a crucial segment of the global consumer electronics market due to their greatly increased convenience to the consumer. Portable batteries have conventionally been used in household items such as clocks and watches, flashlights, calculators, etc., but the rapid rise in the demand for smart devices such as smartphones and tablets has driven the use of portable batteries and made them irreplaceable across the consumer electronics industry.
The report examines the past and present figures of the global portable battery powered products market, which becomes the basis for studied forecasts regarding the market’s growth in the 2016-2024 forecast period. The leading segments of the portable battery powered products market are assessed in the report to present a clear overview of the hierarchy of the market by various criteria. The competitive dynamics of the portable battery powered products market are also elaborated upon in the report; detailed profiles of leading market players are provided in the report.
The report segments the global portable battery powered products market into rechargeable and non-rechargeable batteries. Within these, the rechargeable batteries segment is further segmented into nickel-cadmium, lithium, nickel-metal hydride, and specialty rechargeable batteries. The non-rechargeable batteries segment is sub-segmented into manganese zinc alkaline, zinc-carbon primary, non-rechargeable lithium, and specialty non-rechargeable batteries. The report provides detailed data regarding the historical and expected performance of each segment of the portable battery powered products market.
Global Portable Battery Powered Electronics Market: Trends and Opportunities
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The prime driver for the global portable battery powered products market is the rising preference for portable batteries due to the higher convenience they provide in day-to-day operation. The importance of battery life has been acknowledged to such a degree that several consumer electronics manufacturers use the high battery capacity of their products as a key USP. The increasing adoption of remote working and BYOD practices in the corporate sector is likely to ensure steady demand for portable battery powered products in the coming years.
The rapid growth of the telecommunications industry in the last few years has also been a key driver for the global portable battery powered products. The steady technological advancement in the telecommunications industry has enhanced the functionality of modern consumer electronics, necessitating power-dense batteries. This is likely to remain a key driver for the portable battery powered products market in the coming years due to the steady rise in the demand for consumer electronics in high-volume markets such as China, India, and Brazil.
On the other hand, the stringent environmental regulations passed by several governments across the world could present a notable barrier to the portable battery powered products market. Due to the widespread acknowledgment of the risk of electronic waste, which is usually nonbiodegradable and thus presents a significant environmental risk, battery design has undergone consistent changes over the years. This could remain a key restraint on the global portable battery powered products market in the coming years, as several components of modern batteries have significant potential to damage the environment.
Global Portable Battery Powered Electronics Market: Geographical and Competitive Trends
Geographically, North America and Europe are the leading contributors to the global portable battery powered products market. However, while the early adoption of technological advances has enabled steady growth of the portable battery powered products market in these two regions, the steady rise in the demand for consumer electronics in the rapidly urbanizing Asia Pacific is likely to be a crucial driver for the market in the coming years.
Leading portable battery powered products market players profiled in the report include Sony Corp., Acer, Alcatel-Lucent, Dell, Siemens Medical Systems, Nikon, Advanced Battery Systems Inc., Sharp Electronics Corp., Casio, and Seiko Holdings.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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