Classic I Battery Pack Market Growth, Demand, Segments and Forecast to 2028


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The global battery pack market size is expected to reach USD 132.68 billion by 2028 at a CAGR of 17.9%, according to a new report by Emergen Research.

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.

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.

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.

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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
      1. US
      2. Canada
    • Europe
      1. Germany
      2. UK
      3. France
      4. BENELUX
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. India
      4. South korea
      5. Rest of the Asia Pacific
    • Latin America
      1. Brazil
      2. Rest of latin america
    • Middle East & Africa
      1. Saudi arabia
      2. UAE
      3. Rest of the Middle East & Africa