Lithium Polymer Portable Battery Market Scope
Lithium polymer transportable battery is rechargeable and makes use of compound solution instead of liquid solution. This moveable battery could be a miniature style of lithium polymer battery that provides the advantage to consumer electronics providers and manufacturers of having the ability to provide miniature electronic devices.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Panasonic (Japan), LiPol Battery Co., Ltd (China), LG Chem (South Korea), Celgard LLC (United States), DuPont (The United States), Sony Corporation (Japan), Acer Inc. (Taiwan), Alcatel-Lucent S.A. (France), Siemens AG (Germany) and Advanced Battery Systems Inc. (United States) |
CAGR | 15.0% |
The global market for the Lithium Polymer Portable Battery is fragmented by the global players owing to increasing demand for the smart devices and electrical applications in different fields. The players should focus upon the efficiency and battery life improvement for sustainable manufacturing and grab the market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lithium Polymer Portable Battery market throughout the predicted period.
Panasonic (Japan), LiPol Battery Co., Ltd (China), LG Chem (South Korea), Celgard LLC (United States), DuPont (The United States), Sony Corporation (Japan), Acer Inc. (Taiwan), Alcatel-Lucent S.A. (France), Siemens AG (Germany) and Advanced Battery Systems Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Duracell International Inc. (United States), Energizer Holding Inc. (United States) and Mophie Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lithium Polymer Portable Battery market by Type and Region with country level break-up.
On the basis of geography, the market of Lithium Polymer Portable Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2022, Nexeon Limited, a provider of cutting-edge silicon anode materials for future-generation lithium-ion batteries, granted a license for its NSP-1 technology to SKC Co. Ltd, a leading player in advanced materials. This agreement guarantees swift and dependable access to these vital materials for customers worldwide.
In February 2022, Panasonic Corporation announced that its Energy Company will establish a production facility at its Wakayama Factory in western Japan to manufacture new, large 4680 (46 millimeters wide and 80 millimeters tall) cylindrical lithium-ion batteries for electric vehicles (EVs).
The International Electrotechnical Commission (IEC) regulating address general, safety, and transportation states that Secondary Cells and Batteries containing Alkaline or other Non-Acid Electrolytes are regulated by IEC 62133 as Safety Requirements for Portable Sealed Secondary Cells, and for batteries made from them, for use in Portable Applications.
Influencing Trend:
Product Development and Compact Casings for Compatibility in Different Applications
Market Growth Drivers:
Rising Penetration of Internet of Things and Demand for IoT Devices
Challenges:
Availability of Substitutes in Market and Shorter Life Span then Another battery
Restraints:
High Initial Cost of Lithium Polymer Portable Battery
Opportunities:
Rising Innovation in Designing Mobile Devices and Smart Infrastructure
Key Target Audience
Lithium Polymer Portable Battery Manufacturers, Distributor/Provider, Raw Material Provider, Research Institutes, End User Industry and Others