The global portable battery pack market size is slated to reach US$ 16.89 billion in 2023. The estimated market CAGR for the years 2023 to 2033, as per FMI predictions, is 12.6% CAGR. By the end of the forecast period, the market is assessed to attain a market valuation of US$ 55.34 billion.
Portable Battery Pack Manufacturers or Businesses are being Impelled by:
Factors Inhibiting the Market Expansion:
| Attributes | Details |
|---|---|
| Portable Battery Pack Market Size (2018) | US$ 7.98 billion |
| Portable Battery Pack Industry Size (2022) | US$ 15 billion |
| Portable Battery Pack Market Size (2023E) | US$ 16.89 billion |
| Portable Battery Pack Market Forecast Size (2033F) | US$ 55.34 billion |
| Portable Battery Pack Market Value-based CAGR (2023 to 2033) | 12.6% |
| Portable Battery Pack Industry Value-based CAGR (2018 to 2022) | 17.1% |
Opportunities Proliferating the Portable Battery Pack Market:
Recent Trends Expected to Orchestrate More Growth in the Market:
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In the historical period, the market gained values of US$ 7.98 billion in 2018 and US$ 15 billion in 2022. The market throughout the historical period enjoyed a CAGR of 17.1%.
In the preceding years, the market has been dictated by the proliferation of mobile phones in the market space. This trend sprang from technological advances aimed at reducing the communication gap and fostering human comfort.
The portable battery pack market mimicked the growing situation spotted by the manufacturers of mobile phones. As a result, the main market is quite fragmented and is observing an elevation of end-product quality that is being purchased by end-user.
The fragmented market has also influenced the product cost, which is available in different price categories.
Over the forecast period, the market is pegged to achieve US$ 55.34 billion by 2033. At present, the market is estimated to stand at US$ 16.89 billion in 2023. From 2023 to 2033, the market is expected to register a CAGR of 12.6%.
Growing discretionary income and resultant expenditures over gadgets are expected to favor market expansion. The adoption of novel technologies is also anticipated to have a positive influence on the overall market in the years to come.
| Country | The United States |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 8.57 billion |
| CAGR % 2023 to End of Forecast (2033) | 11.3% |
In the United States, the market is projected to be valued at US$ 8.57 billion by 2033. From 2023 to 2033, the market is expected to experience a CAGR of 11.3%. The market is being backed by the growing focus of multiple power bank manufacturers to equip devices with USB Type-C connectivity. This is expected to be an add-on to the present micro USB connectivity and quick charging facilities in power banks. These new developments are taking place to suit the high utilization of these features in several applications.
| Country | China |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 14.03 billion |
| CAGR % 2023 to End of Forecast (2033) | 14.1% |
The China portable battery pack market is estimated to attain a prominent value share of US$ 14.03 billion by 2033. Throughout the forecast period, the market is expected to expand at a significant CAGR of 14.1%. The following factors support the market in China:
| Country | The United Kingdom |
|---|---|
| Market Size (US$ billion) by End of Forecast Period (2033) | US$ 1.44 billion |
| CAGR % 2023 to End of Forecast (2033) | 10.9% |
The European region is flourishing, concerning the sales of portable battery packs. For instance, the market value of the United Kingdom is estimated to climb up to US$ 1.44 billion by the end of 2033. During the estimated time frame, the market is assessed to expand at 10.9% CAGR.
The European region is driven by factors like soaring expenditure on connected and smart home appliances. In addition to this, the addition of mobility features is also a key factor that is influencing product sales.
Principal Consultant
| Segment | Smartphones |
|---|---|
| CAGR % (2023 to 2033) | 12.4% |
| CAGR % (2018 to 2023) | 16.1% |
Based on product type, smartphones are expected to be the top leading segment. The segment is expected to observe a growth rate of 12.4% CAGR. The market has witnessed a surge in the demand for smart devices in the past few years, and this trend is only going to become stronger in the future.
Mobile phones are used profusely and by the maximum population. When used during commute or traveling, these devices drain batteries and do not have a readily available charging station. That’s where the portable battery packs come into the picture.
Adding on to the aforementioned illustration, increasing investments in smartphones is also fueling the demand for a portable battery pack for phone or iPhone.
Based on technology, lithium-ion battery is enjoying an extensive share of the market in 2023. Robust innovation and advancement in technology are propelling the use of portable battery packs. In addition to this, supportive government policies are expected to fuel the adoption of electric vehicles in developed as well as developing economies. This is going to have a positive influence on lithium-ion batteries.
Lithium-ion also finds applications in the telecommunication industry. Lithium-ion batteries are lightweight and offer high-energy density power sources for portable gadgets like smartphones, digital cameras, tablets, etc.
Competitors in the portable battery pack industry are emphasizing business strategies like geographical expansion and mergers and acquisitions. Companies competing in the industry are zeroing in on product innovation and upgradation. Additionally, firms are also focusing on strategic alliances with other businesses to elevate their product portfolio and cater to the extant customer base. Strategic alliances and new product launches are saliant in this market for the market’s overall growth.
Key Developments in the Portable Battery Pack Market:
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ billion for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; and the Middle East and Africa (MEA) |
| Key Countries Covered | The United States, Canada, Mexico, Germany, the United Kingdom, France, Italy, China, Japan, South Korea, Australia, Brazil, the Middle East and Africa |
| Key Segments Covered | Capacity Range, Product Type, Technology, and Region |
| Key Companies Profiled | BYD Co. Ltd.; China Bak Battery Inc.; Duracell International Inc; Energizer Holdings, Inc.; LG Chem Inc.; Zagg; Panasonic Corporation; Samsung Sdi Co. Ltd.; Simplo Technology Co., Ltd.; Sony Corporation |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at US$ 16.89 billion in 2023.
The market is expected to register a growth rate of 12.6% through 2033.
The market is estimated to reach US$ 55.34 billion by 2033.
Rising standard for portable battery may propel market growth.
BYD Co. Ltd., China Bak Battery Inc., and Duracell International Inc. are key market players.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Capacity Range
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity Range, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity Range, 2022 to 2032
5.3.1. 1000 MAH - 2500 MAH
5.3.2. 2510 MAH - 5000 MAH
5.3.3. 5010 MAH - 7500 MAH
5.3.4. 7510 MAH - 10000 MAH
5.3.5. Above 10000 MAH
5.4. Y-o-Y Growth Trend Analysis By Capacity Range, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Capacity Range, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2022 to 2032
6.3.1. Smartphones
6.3.2. Tablets
6.3.3. Portable Media Players
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2022 to 2032
7.3.1. Lithiumion Battery
7.3.2. Lithium-polymer Battery
7.3.3. Nickel Cadmium Battery
7.4. Y-o-Y Growth Trend Analysis By Technology, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By Technology, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Capacity Range
9.2.3. By Product Type
9.2.4. By Technology
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Capacity Range
9.3.3. By Product Type
9.3.4. By Technology
9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Capacity Range
10.2.3. By Product Type
10.2.4. By Technology
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Capacity Range
10.3.3. By Product Type
10.3.4. By Technology
10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Capacity Range
11.2.3. By Product Type
11.2.4. By Technology
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Capacity Range
11.3.3. By Product Type
11.3.4. By Technology
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Capacity Range
12.2.3. By Product Type
12.2.4. By Technology
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Capacity Range
12.3.3. By Product Type
12.3.4. By Technology
12.4. Key Takeaways
13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Capacity Range
13.2.3. By Product Type
13.2.4. By Technology
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Capacity Range
13.3.3. By Product Type
13.3.4. By Technology
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. U.S.
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Capacity Range
14.1.2.2. By Product Type
14.1.2.3. By Technology
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Capacity Range
14.2.2.2. By Product Type
14.2.2.3. By Technology
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Capacity Range
14.3.2.2. By Product Type
14.3.2.3. By Technology
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Capacity Range
14.4.2.2. By Product Type
14.4.2.3. By Technology
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Capacity Range
14.5.2.2. By Product Type
14.5.2.3. By Technology
14.6. U.K.
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Capacity Range
14.6.2.2. By Product Type
14.6.2.3. By Technology
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Capacity Range
14.7.2.2. By Product Type
14.7.2.3. By Technology
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Capacity Range
14.8.2.2. By Product Type
14.8.2.3. By Technology
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Capacity Range
14.9.2.2. By Product Type
14.9.2.3. By Technology
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Capacity Range
14.10.2.2. By Product Type
14.10.2.3. By Technology
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Capacity Range
14.11.2.2. By Product Type
14.11.2.3. By Technology
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Capacity Range
14.12.2.2. By Product Type
14.12.2.3. By Technology
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Capacity Range
14.13.2.2. By Product Type
14.13.2.3. By Technology
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Capacity Range
14.14.2.2. By Product Type
14.14.2.3. By Technology
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Capacity Range
14.15.2.2. By Product Type
14.15.2.3. By Technology
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Capacity Range
14.16.2.2. By Product Type
14.16.2.3. By Technology
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Capacity Range
14.17.2.2. By Product Type
14.17.2.3. By Technology
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Capacity Range
14.18.2.2. By Product Type
14.18.2.3. By Technology
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Capacity Range
14.19.2.2. By Product Type
14.19.2.3. By Technology
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2021
14.20.2.1. By Capacity Range
14.20.2.2. By Product Type
14.20.2.3. By Technology
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Capacity Range
15.3.3. By Product Type
15.3.4. By Technology
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. BYD Co. Ltd.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. China Bak Battery Inc.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Duracell International Inc
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Energizer Holdings, Inc.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. LG Chem Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Zagg
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Panasonic Corporation
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Samsung Sdi Co. Ltd.
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Simplo Technology Co., Ltd.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Sony Corporation
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Portable Battery Pack Market
