Battery Pack Market By Product and Service, By Application, By End User and Outlook 2028

The Battery Pack Market basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The device usually has a temperature sensor that notifies when the device is fully charged. Battery packs are most widely used in cordless machines and tools and battery electric vehicles. Some of the key advantages of these devices are their flexible design and ease of use. Battery packs are extensively used in medical devices such as patient monitors, ultrasound devices, imaging systems, surgical devices, motorized wheelchairs, and defibrillators. Increasing use of Li-ion battery cells and rising focus on renewable energy usage are further expected to bolster market growth.

Some Key Highlights of the Report:

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.

Among regional markets, North America emerged as the largest contributor to the global market revenue growth in 2020. The region’s thriving consumer electronics industry, increasing adoption of electric vehicles, and emergence of advanced battery technologies are the key drivers for the North America market growth.

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.

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.

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

Regional Outlook: (Revenue, USD Billion; 2018-2028)

North America (U.S.) (Canada) (Mexico)

Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)

Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)

Latin America (Brazil) (Rest of LATAM)

MEA (Saudi Arabia) (UAE) (Rest of MEA)

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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