Increased Urbanization Driving the Growth of Portable Battery Pack

The portable battery pack market is projected to grow at a CAGR of 12.35% during the forecast period to reach US$17.684 billion by 2027, from US$7.825 billion in 2020.

A portable battery is a rechargeable electrical component that has an internal battery which can be recharged as needed and can power a device. A portable battery can store energy, charge, and discharge when necessary. There are many kinds of power banks on the market, including conventional power banks that can be charged using a typical USB connector and solar power banks that use sunlight to charge and contain photovoltaic panels. The end-user sector uses it most frequently to charge gadgets including cell phones, tablets, cameras, computers, and other electronic equipment. To create electric automobiles, portable batteries have also been reported to be used in the automotive sector. A portable battery can be used in a variety of industries, including the automobile and electrical industries. Additionally, the market for portable batteries is expanding due to the rapid rise in global warming and the expansion of government laws that are supportive of electric vehicles. Batteries made of lithium-ion polymer are increasingly being employed in electrical and automotive products, further leading to the expansion of market.

Samsung, Xiaomi Inc., OPPO, Duracell International, Sony Corporation, Mophie, Energizer Holding, China Bak Battery, BYD Company, LG Chem, and others are a few key major players in the market for portable battery pack.

Samsung is a global South Korean manufacturing firm with its headquarters in Samsung Town, Seoul. It consists of a variety of affiliated companies, the majority of which are grouped together under the Samsung brand. The company sells a variety of accessories, including projectors, micro-LED, TVs, lifestyle TVs, sound devices, home appliances, all sound devices, watches, earphones, and other gadgets. The company provides several portable battery packs for smartphones under the phone accessories category. Several Power Banks with up to 30,000 mAH capacity both wired and wireless categories are available from Samsung.

Xiaomi Inc. is a Chinese designer and producer of domestic goods, home appliances, consumer electronics, and associated software. It is the second-largest smartphone maker in the world, and most of its devices use the MIUI operating system. The company provides several smartphones under the brand name of Xiaomi and Redmi, Audio devices, Smart Devices like watches, TVs under the brand name of Mi, chargers, portable battery packs, etc. For instance, on July 30, 2021, Mi India introduced the Mi HyperSonic power bank, the company's most premium model. The new Mi gadget has three charging ports and a 50W fast-charging capability for numerous devices to be charged simultaneously. The 20,000 mAh Mi HyperSonic power bank has a charging time of 3 hours and 50 minutes to get from empty to full.

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Oppo is a leading innovator of smart devices globally. OPPO shares the wonder of technology with people all over the world with its more than 290,000 points of sale and 1,900 official service centres, which operate in more than 60 countries and regions. Oppo is a technology business that blends hardware with software and services. For approximately 500 million consumers globally, the software portfolio, based on the ColorOS operating system, makes devices more user-friendly and intelligent. Services that are smarter, more practical, and better connected are also provided by the OPPO App Market and OPPO Cloud. The company's main product categories are electronic goods such power banks, audio equipment, smartphones, and smart devices. For instance, Oppo unveiled its own line of magnetic wireless chargers, MagVOOC in August 2021 for smartphones with internal charging coils. These chargers can detect other compatible devices and attach easily and safely into place. MagVOOC sports a 4500 mAh battery and a 20W charging output. soon, it is anticipated that the introduction of new battery and charging technologies will completely change how people power and recharge their devices.

Duracell International is a global leader of producing and marketing High-performance alkaline batteries, lithium coins, rechargeable batteries, and other specialized cells. Around the world, some featured products by Duracell are Coppertop Batteries, Lithium coin Batteries, Duracell optimum alkaline batteries, rechargeable batteries, and hearing aid batteries. Duracell powers a wide range of gadgets, including toys like the baby monitors, flashlights, and game console controllers. For instance, battery manufacturer Duracell has introduced its own line of portable power banks in the Indian market in 2018. There are three capacities for the Duracell Lithium-ion power banks: 10,050mAh, 6,700mAh, and 3,350mAh available.

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