The intensification in demand for smartphones and tablets is favorably motivating the portable battery market. Reports that investigate the semiconductors and electronics industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market stands to achieve a CAGR of 17% to gross revenues worth USD 18 billion in the upcoming period.The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
Detailed Regional Analysis
The regional study of Covid 19 Portable Battery Market for portable battery covers regions such as Asia Pacific, North America, Europe, and others. The Asia Pacific region is controlling the portable battery market with the principal market share owing to the large use of mobile phones and other movable accessories. The developing economies in the region such as India, Myanmar, Vietnam, and China are making more attempts to increase and update the wireless device services. Singapore, Thailand, and the Philippines are additionally presumed to back to the regional market expansion over the forecast period. Countries like Japan, Malaysia, and Australia are growing to advance new battery designs and are anticipated to perform a key role in the market expansion in the Asia-Pacific region. The North American region is anticipated to expand through the forecast period owing to the growing demand for increased capacity range devices in this region, which in turn may improve the portable battery pack market growth.
Competitive Analysis
The important companies in portable battery market include Acer Inc. (Taiwan), Alcatel-Lucent S.A. (France), Dell Inc. (US), Siemens AG (Germany), Advanced Battery Systems Inc. (US), Samsung Sdi Co. Ltd. (South Korea), Sharp Electronics Corporation (Japan), LG Chem Inc. (US), China Bak Battery, Inc. (China), Duracell International Inc. (US), Energizer Holding Inc. (US), Mophie Inc. (US), Nikon Corporation (Japan), Panasonic Corporation (Japan), Simplo Technology Co. Ltd. (Taiwan) among others.
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