The Global Market for Portable Battery Powered Products is Projected to Reach US$865.4 Billion by 2020

The Emerging Wireless Age of Mobility Drives Demand for Portable Battery Powered Products, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Portable Battery Powered Products market. The global market for Portable Battery Powered Products is projected to reach US$865.4 billion by 2020, driven by the growing need for mobility, and easy accessibility in the current emerging wireless age.

The market for portable battery powered products, comprising a gamut of handheld electronic devices, has been witnessing sustained growth over the past several years. Offering the much desired portability for today’s convenience-seeking, time-pressed, and tech-savvy consumers, portable battery powered products are growing in popularity. Favorable factors such as rapidly growing urban population, increase in affluent middle class households, rising income levels and disposable incomes are all factors fuelling demand growth in the market. Similarly, changing lifestyles and consumer buying patterns are positively impacting sales. A large portion of growth and market revenue is coming from portable computers, medical and telecom devices.

The growing focus on self-care is spurring demand for portable medical devices, especially in North America, Japan and Western Europe. The significant increase in demand for portable medical devices continues to be a major factor fuelling growth in the market. The spurt in sales of smartphones is also positively influencing demand patterns in the market. The smartphone, over the years, has become an indispensable personal device for meeting communication, information, and entertainment needs. Major factors benefiting adoption of smartphones include rapid penetration of 3G and 4G network technologies, falling voice and data tariffs, growing popularity of on-the-go social networking, developments in display technologies, and easy access to high-speed mobile Internet. The market is witnessing robust demand for innovative, high-quality rechargeable batteries that can power electronic devices for longer. Also growing in demand are smart batteries with rapid charge capabilities. The market is witnessing sustained growth in the proliferation of advanced lithium-ion (Li-Ion), lithium-polymer, nickel-metal hydride (Ni-MH), and alkaline batteries, in both rechargeable as well as non-rechargeable versions.

As stated by the new market research report on Portable Battery Powered Products, the United States represents the largest market worldwide, supported by strong consumer demand for high-end smart telecom and compute devices. Asia-Pacific ranks as the fastest growing market worldwide with a CAGR of 5.8% over the analysis period. The growth in the region is supported by the strong development of the telecommunication industry, digitalizing lifestyles of the growing base of middle class population and the resulting increase in per capita spends on electronic products.    

Major players covered in the report include Apple Inc., AT&T Inc., Canon Inc., Casio Computer Co., Ltd., Dell Inc., Google Inc., Hasbro, Inc., HTC Corporation, Huawei Technologies Co. Ltd., JAKKS Pacific Inc., Konami Corporation, Lenovo, Motorola Mobility, Inc., LG Electronics, Mattel, Inc., Microsoft Corporation, Panasonic Corporation, Koninklijke Philips Electronics N.V., Nikon Corporation, Samsung Electronics Co., Ltd., Sharp Corporation, Siemens Healthcare, Sony Corporation, Xiaomi, and ZTE Corporation.

The research report titled “Portable Battery Powered Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America).

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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