The miniaturization of numerous semiconductor components has given rise to a large volume of consumer electronic devices across different form factors. This has been made possible since the components, which are used for these devices, can now fit into almost all types of form factors. Further to this, advancements in display technologies have also led to consumer electronic devices being present in different form factors. For example, LED displays are thinner and can display information on the screen without any data being blurred on the screen. With all these advancements, the one advancement that has allowed many consumer electronic devices to be portable is the battery. The initial battery packs, which were used for devices, were Ni Cd after which Li-ion batteries were introduced which are lighter and have higher power retention. The thinner batteries make it easier for product designers to develop their designs.
However, in spite of all these advancements, the usage of these consumer electronic devices is high especially with everything now being “connected”. What this translates to is that even if the device is not being used, by the user, there will still be a power drain by virtue of the device being connected to the net. With battery drain imminent, it is still not always possible for individuals to have their devise powered at a power socket all the time. In such scenarios, portable power devices
have been introduced into the market wherein power is already stored in these devices and they can be used to power any other device whenever required. The power retention of the portable power devices will have to be high since these devices are often purchased to completely charge a consumer electronic device, such as a smartphone or tablet.
As of 2015, the APAC market accounts for the highest share of portable power devices and this is expected to be the scenario till the end of the forecast period. A key reason for this is that the number of consumer electronic devices in the region is the highest and hence the demand for portable power devices is the highest in terms of sheer volume.
The Portable power battery Market can be segmented as:
- on the basis of product
- Smartphone, Tablet, Portable Devices and Others
- In terms of technology
- Li-ion, Nickel Metal Hydride, Li-Polymer, and Nickel Cadmium
- By Geography
- North America, South America, APAC, Europe, Middle East and Africa
Following are just a few of the companies that are operating in the Portable power battery market.