Portable Battery-Powered Products: Global Markets
Report Highlights
The global market for batteries used in portable battery-powered products should reach $1.5 trillion by 2024 from $1.0 trillion in 2019 at a compound annual growth rate (CAGR) of 7.6% for the period of 2019 to 2024.
Report Includes
- 121 data tables
- An overview of the global market for portable battery powered products
- Analyses of global market trends, with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Coverage of historic and future economic significance of portable battery-powered products
- Description of battery-powered product categories, their characteristics and technology lifecycle
- Assessment of government regulation and legislation that impact specific portable product market elements
- Detailed profiles of key competitors of the market, including A123 Systems Llc, Cadex Electronics Inc., LG Chem Ltd., MaxPower Inc., Panasonic and Samsung SDI
Report Scope
This study reviews key battery technology categories, along with relevant market and production information, technological descriptions and issues, and key applications and market factors in major worldwide markets. This study will be of interest to current and potential manufacturers and suppliers of batteries for portable battery-powered products, as well as entrepreneurs and entrepreneurial companies interested in entering or expanding into this sector.
This report organizes battery technologies into the segments listed below. Detailed market data are presented for each of the following categories:
Rechargeable Battery Technologies
- Nickel-Cadmium.
- Nickel-Metal Hydride.
- Lithium-Ion.
- Lithium-Polymer.
- Specialty rechargeable batteries.
Single Use Batteries
- Alkaline and Zinc-Carbon.
- Lithium (primary).
- Other primary batteries.
The following battery applications (i.e., product categories) are also considered within the global market for battery-powered consumer products—that is, the study provides market information for batteries used in the following applications:
- Cellular phones and smartphones.
- Audio equipment.
- Portable computers and tablets.
- Navigation, cameras and timepieces (includes smartwatches).
- Portable tools.
- Lighting.
- Toys and novelties.
- Medical and scientific products.
- Military products.
- Personal transportation.
The following battery-powered portable product categories are also considered. These categories mirror battery applications, and include the following battery powered product categories—that is, the study provides market information for the following products (i.e., the total market value of each product including battery):
- Cellular phones and smartphones.
- Audio equipment.
- Portable computers and tablets.
- Navigation, cameras and timepieces (includes smartwatches).
- Portable tools.
- Lighting.
- Toys and novelties.
- Medical and scientific products.
- Military products.
- Personal transportation.
Frequently Asked Questions (FAQs)
Analyst Credentials
Robert Eckard, PhD, has 15 years of experience working in the cleantech, clean transportation, clean/smart cities, advanced fuels, water and energy sectors. Having completed his dissertation at the University of California at Davis, Robert also runs a specialty industry research and technical consulting company, with an emphasis on energy, water and climate-oriented sectors, including those segments relevant to this study. Robert specializes in commercialization, data-based economic analysis, market development and penetration, environmental analysis and technical energy, environmental and market studies for Fortune 500, Global 1000 and promising startups, as well as state and local governments, other consultants and industry organizations throughout the U.S., Canada, Europe, the Middle East, Southeast Asia and Australia. He worked as a subcontractor under the U.S. Department of Energy providing evaluations of a wide array of industrial technologies, systems and related supply markets. He helped to successfully develop new markets in the U.S. and abroad, identify target niches and support highly successful business strategy development. Previously, he produced reports for BCC Research on global markets pertaining to energy, industry, energy efficiency, water and industrial, durable goods and related categories and technologies. Robert works directly in the industries that he analyzes and has successfully secured over $225 million in fund development for specific projects and technologies in the last six years.
Report Highlights
More than $423 billion worth of portable battery-powered products were sold in 2010, up from $410 billion sold in 2006. The market is estimated to reach $479.6 billion by the end of 2011, and will reach more than $611 billion by 2016, growing at a compound annual growth rate (CAGR) of 5%.
Report Highlights
- The global market for portable battery-powered products is expected to increase from $425.3 billion in 2007 to $443.2 billion by the end of 2008. It should reach $461.5 billion in 2013, a compound annual growth rate (CAGR) of 0.8%.
- The communications sector has the largest share of the market, worth $127.6 billion in 2007. This should increase to $135.2 billion in 2008 and then decline to $120 billion in 2013 for a CAGR of –2.3%.
- The military sector is expected to grow at a CAGR of 12%, increasing from an estimated $1.8 billion in 2008 to $3.2 billion in 2013.
Report Highlights
-
More than $50 billion worth of portable products were sold in the U.S. in 2002.
-
This market is estimated to reach nearly $68 million by 2007, at an average annual growth rate (AAGR) of 2.6%.
-
Portable communications will grow at an AAGR of 3.5%, starting at more than $13 billion.
-
Lithium-ion batteries, currently valued at $1.5 billion will grow to more than $1.7 billion by 2007.
-
Portable product batteries will experience an AAGR of 4.3% to reach $6.911 billion in 2007.