The global battery pack market size is expected to reach USD 132.68 billion by 2028 at a CAGR of 17.9%, according to a new report by Emergen Research. Growth in market revenue is primarily attributed to increasing applications of battery packs in consumer electronic devices such as mobile phones and laptops, power tools, and electric vehicles. Increasing use of mobile devices such as smartphones, laptops, and tablets, growing use of cordless and portable electronic equipment, surging need for extended battery life are some of the major factors driving the growth of the global battery pack market.

The latest study performs the quantitative and qualitative assessment of the global market dynamics, taking into consideration a slew of factors, such as market penetration, product portfolios, pricing structure, end-user industries, and key drivers and constraints. The report segments the market to help readers get a more in-depth understanding of the different aspects of the market. With an inspection of the financial standing of the leading companies operating in this market, the report provides information on their gross profits, revenue shares, sales volume, manufacturing costs, individual growth rate, and numerous other financial ratios.

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Some Key Highlights of the Report:

• Based on product type, the phone battery packs segment is expected to register the highest growth in revenue over the forecast period. Growth of this segment is spurred by growing use of smartphones worldwide and increasing need for longer power backup for smartphones and other mobile devices.
• Based on battery type, the Li-ion battery segment accounted for the highest revenue share in 2020. Growing use of Li-ion batteries in battery packs due to advantages such as high energy density, enhanced voltage capacity, and lower self-discharge rate compared to other battery types is one of the primary factors bolstering this segment’s growth.
• In terms of end-use, the medical segment is projected to register the fastest revenue growth rate during the forecast period, owing to several favorable factors. Surging need for high-performance battery packs for a wide range of medical devices and equipment and growing use of wearable medical devices or gadgets such as fitness bands and hearing aids have led to a higher demand for the product.
• Epec LLC, Cadex, Steatite, Excell Battery, ProTechnologies, Energizer Holding Inc., Mophie Inc., BYD Battery Co. Ltd, LG Chem Power Inc., Panasonic Corporation, Simplo Technology Co. Ltd., Sony Corporation, and Samsung SDI Co. Ltd. are among the leading market players.

Battery Pack Market Segmentation:

For the purpose of this report, the global battery pack market is segmented on the basis of product type, battery type, end-use, and region:

• Product Type Outlook (Revenue, USD Billion; 2018-2028)
  • Laptop battery pack
  • Power battery pack
  • Phone battery pack
  • Others
• Battery Type Outlook (Revenue, USD Billion; 2018-2028)
  • Lithium-ion battery
  • Nickel metal hydride battery
  • Lithium-polymer battery
  • Nickel cadmium battery
  • Others
• End-use Outlook (Revenue, USD Billion; 2018-2028)
  • Consumer electronics
  • Automotive
  • Power tools
  • Medical
  • Others

Key Geographical Segments:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key questions addressed:

• What are the estimated CAGR for the global Battery Pack market and each segment in the global market?
• Which market segments and sub-segments have been covered in this report? Which of these segments is foreseen to exhibit the highest growth rate over the projected period? What are the most prominent industry aspects likely to impact the market values and shares of the regionsviz., North America, Europe, Asia Pacific, Latin America, and Middle East &Asia? What do the SWOT analysis and Porter’s five forces entailed in the report signify with respect to the future position of the market?
• Which are the leading companies operating in the global Battery Pack market? What are their strengths and weaknesses?
• What are the most common market expansion strategies applied by the key market competitors to reinforce their market positions?

Table of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope 
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. Global Battery Pack Market Segmentation & Impact Analysis
    4.1. Global Battery Pack Market Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Growing preference of electric vehicles 
                    4.2.2.2. Growing demand for smart mobile phones
          4.2.3. Market restraints analysis
                    4.2.3.1. Risk of overheating
                    4.2.3.2. Use of flammable chemical
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

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