COVID-19 has affected the global economy, and the operations of various sectors have come to a standstill. In the consumer electronics sector, many companies are dealing with several challenges due to a decline in resources and human resources. As a result of pandemic and containment measures globally, the target for manufacturing portable batteries has almost come to a halt. However, all the corrective measures are being taken to stimulate market growth, post-COVID-19. This slowdown in the economies worldwide has impacted the portable battery market, owing to the declined demand from the end users.
Moreover, a 10% lithium-ion battery supply reduction has been expected to be witnessed due to a slowdown in production activities in China. However, China and many other Asian countries, including Japan and South Korea, have begun producing 60% to 70% of pre-virus levels after lifting the restrictions on production facilities. Even though the risks of battery supply are mitigated, the recession of 2020 is likely to foresee a further decline in demand as consumers are likely to spend less on consumer electronics, which is affecting the global portable battery market.
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The smartphone market has suffered some production disruptions, and substantial changes in use patterns as the global lockdown has impacted the demand from consumers. The disruption in China has impacted the supply and shipment of mobile sets as the country is one of the largest producers and exporter of electronic gadgets.
Additionally, the market has been facing disruptions in the supply chain and consumer demand. Many smartphone manufacturers have facilities in China or rely on the country to supply components and have, therefore, faced delays due to the pandemic. Although the smartphone market was expected to recover in the long term, it now faces new challenges on multiple fronts as the world slowly adjusts to and recovers from COVID-19. For instance, the pandemic has affected the global smartphone shipments, which has fallen to almost 13% to 272 million units in the first quarter of FY’2020 worldwide. All these factors are likely to affect the portable battery market as they are an integral part of smartphones and other electronic items.
Key Players in Portable Battery Market are:
BYD Company Ltd. (China), Samsung Sdi Co. Ltd. (South Korea), China Bak Battery, Inc. (China), Energizer Holding Inc. (US), Duracell International Inc. (US), LG Chem Inc. (US), Mophie Inc. (US), Panasonic Corporation (Japan), Lenovo group Ltd. (Hong Kong), Simplo Technology Co. Ltd. (Taiwan) among others.
Segmental Analysis:
The global portable battery market is analyzed on the basis of technology, capacity type, and appliations.
Based on the technology, the market has been segmented into lithium-polymer battery, lithium-ion battery, nickel-cadmium battery, and nickel-metal hydride battery.
Based on the technology, the market has been segmented into 000-2500 mAh, 2600-5000 mAh, 5100-10400, mAh and above 10400 mAh.
Based on the technology, the market has been segmented into smartphones, tablets, media devices and portable, and wearable accessories.
Regional Analysis:
From the regional point of view, the study of the global portable battery market has includes the regions of Asia-Pacific, Europe, North America, and the rest of the world.
Asia-Pacific is leading the global portable battery market with the largest market share in support of the massive consumption of mobile phones and other portable accessories. The rising countries in the region, such as India, Myanmar, Vietnam, and China, are making extreme efforts to expand and modernize the wireless device services. Singapore, Thailand, and the Philippines are also presumed to contribute to the regional market expansion over the assessment period. Other countries such as Malaysia, Japan, and Australia are also in the line of growing in order to develop new battery designs. These regions are also expected to play a pivotal role in the market expansion in Asia-Pacific.
North America market might also expect to expand during the assessment period owing to the mounting demand for high capacity range devices in this region, which in turn may augment the global portable battery pack market growth.
List of Figures:
FIGURE 1 Global Portable Battery Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Portable Battery Market
FIGURE 4 Value Chain Of Global Portable Battery Market
FIGURE 5 Share Of Portable Battery Market In 2018, By Country (In %)
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