Persistence Market Research has conducted deep dive research on the professional portable battery market and collected key information pertaining to aftermarket. The report, “Professional Portable Battery Aftermarket: Global Industry Analysis 2013–2017 and Forecast 2018–2026” studies the aftermarket and creates a forecast for the projected period. The professional portable battery aftermarket report predicts that the residential commercial & government segment will dominate the market, in terms of value & volume, and will grow at a CAGR (Value) of 10.1% throughout the forecast period (2018 – 2026). The estimated value of the global professional portable battery aftermarket is more than US$ 3,000 Mn in 2018 and the aftermarket is expected to grow at a CAGR of 10.1% and will touch US$ 6,997.9 Mn by 2026 end.
Global Professional Portable Battery Aftermarket Dynamics
Growing concerns regarding health and hygiene are expected to boost the demand for portable healthcare solutions, which will directly fuel the growth of the professional portable battery aftermarket during the forecast period. Mental and physical well-being of humans is a primary concern and is supporting the growth of the healthcare industry at a global level. Inadequate sanitization is one of the major problems which leads to spreading of diseases, such as typhoid fever, cholera and other water-borne diseases. Thus, in many countries, governments have taken initiatives to provide solutions to this problem. Several organizations deal with this issue by rolling out healthcare policies and scheme. One such organization is WHO (World Health Organization). All of these factors will create demand for portable healthcare solutions, which in turn, will push the growth of the global professional battery aftermarket.
Increase in residential thefts and burglaries is being witnessed, especially in developing countries. In order to provide an efficient layer of security at homes, consumers have started adopting DIY home security systems, which is expected to support the growth of the professional portable batteries aftermarket during forecast period. Moreover, the implementation of technological advancements in telecommunication has led to an enhanced wireless network, which is, furthermore, complemented by the increasing penetration of the Internet. These factors, in conjunction with each other, will drive the DIY home security solutions market, which in turn, will accelerate the growth of professional portable batteries aftermarket.
Global Professional Portable Battery Aftermarket Forecast
The research report suggests that the global Professional Portable Battery Aftermarket will expand throughout the the forecast period. Various affirmative changes are estimated to boost the growth of the professional portable battery aftermarket. The professional portable battery aftermarket will witness significant growth opportunities. By Application, the residential, commercial & government segment, followed by healthcare segment, will play a pivotal role in building the aftermarket revenue. This segment is anticipated to hold dominant share in the professional portable battery aftermarket. The professional portable battery aftermarket report reveals that the residential commercial & government segment, by application, will hold an aftermarket value share of more than 25% in the global professional portable battery aftermarket throughout the forecast period. Amongst all regions of the professional portable battery aftermarket, South East Asia & Pacific, especially India & ASEAN, are expected to show most promising results over the forecast period. This region is estimated to hold significant value share in the professional portable battery aftermarket in 2018 and will expand at a CAGR of 10.7% during the forecast period. The sales revenue of China professional portable battery aftermarket will grow to US$ 1,267.9 Mn by the end of 2026 while expanding at a CAGR of 11.0%. The Professional Portable Battery Aftermarket globally will remain lucrative during the forecast period.
Global Professional Portable Battery Aftermarket Competitive Landscape
Some of the key market participants reported in this study on the Global Professional Portable Battery Aftermarket are Panasonic Corporation, Energizer Holding Inc., Varta AG, Maxell, Ltd., Murata Manufacturing Co., Ltd., Suzhou South Large Battery Co., Ltd., BE-POWER GmbH, Duracell Inc, EVE Energy Co., Ltd., Shenzhen Pkcell Battery Co., Ltd., The Swatch Group (Renata SA) and Guangzhou MaiSheng Energy Technology Co., Ltd., among others.
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