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Due to the advancements in the battery technologies and high requirements of portable packs in the consumer electronics sector such as the mobiles, tablets, notebooks, and other smart devices; the Portable battery market is expected to grow in the forecasted period. Also, the growing demand of portable battery pack in a variety of application areas of communication, computer, medical, and military are helping the industry to create a number of significant opportunities over the forecast period. The stringent government regulations on carbon emissions and adoption of new recent technologies are the major challenges for the manufacturer with regards to producing the products that are designed with the latest demanding applications, which surely limit the market from expanding its reach.
The portable battery pack market is expected to grow at a CAGR of 17.53% in the forecast period (2014-2020). The Asia-Pacific region leads the overall market. The lithium batteries have emerged as the preferred choice for the consumer electronic products such as laptops, mobile phones, MP3 players, tablets, smartphones, and other portable devices. Lithium-ion is leading the portable battery technology in this market.
