Global Series Battery Pack Market by Type (5-25 Watts, 48-95 Watts, 18-28 kWh, 100-250 kWh), By Application (Consumer Electronics, Automotive, Medical, Grid Energy and Industrial, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global series battery pack market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and consumer electronics. In terms of type, the 5-25 watt segment is expected to dominate the market during the forecast period, followed by 48-95 watt and 18-28 kWh segments. In terms of application, automotive is expected to be the largest segment during the forecast period, followed by consumer electronics and grid energy & industrial segments. Regionally, North America is expected to lead in terms of market size duringthe forecast period owingto high adoption rates for electric vehiclesandconsumer electronics in this region.



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Product Definition:

A series battery pack is a configuration of multiple batteries wired in series. The voltage of the battery pack is the sum of the voltages of the individual batteries. This configuration allows for higher voltages and capacities than can be achieved with a single battery.

5-25 Watts:

5-25W is a range of power supply devices that are used to charge any portable electronic device such as mobile phones, tablets, and laptops among others. It also finds its use in charging small appliances such as fans, air purifiers and room heaters among others. The demand for these types of power supply devices is expected to witness significant growth over the forecast period owing to the increasing adoption of electric vehicles (EV) across the globe coupled with rising government initiatives towards environmental protection.

48-95 Watts:

48-95 watts is the range of power that most of the electronic devices use. It includes small consumer electronics such as MP3 players, laptops, mobile phones and PDA’s. The global 48-95watts series battery pack market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period due to increasing demand for these products across different industry verticals including commercial & industrial sectors.

Application Insights:

The automotive segment accounted for a major share in the global series battery pack market and is expected to witness significant growth over the forecast period. The growing demand for electric and hybrid vehicles is anticipated to have a positive impact on the industry. Increasing production of EVs, particularly in China, Norway, and U.S., is projected to augment demand over the forecast period.

Automotive was followed by grid energy & industrial as major segments in 2017 owing to increasing investments in renewable energy generation infrastructure across various regions including North America, Europe, Asia Pacific and Middle East & Africa. Growing concerns regarding greenhouse gas emissions coupled with government initiatives are likely drive consumer electronics manufacturers toward purchasing renewable energy sources such as wind power rather than gasoline-powered cars that emit high levels of CO2 during their lifetimes or until they are decommissioned (vehicles that run on diesel fuel also emit higher levels of CO2).

Regional Analysis:

Asia Pacific regional series battery pack market is anticipated to grow at the highest CAGR over the forecast period. The growth can be attributed to increasing demand for energy storage in China and Japan, which are among the largest economies in terms of GDP. In addition, rising adoption of electric vehicles across these countries will also drive industry expansion over the coming years.

Europe was estimated as a volume-based market and accounted for 24% of global revenue share in 2017 owing to high product penetration across major markets including Germany, U.K., France, Italy, Spain and others.

North America region witnessed significant demand from U.S.

Growth Factors:

Increasing demand for electric vehicles: The Series Battery Pack market is expected to grow significantly in the coming years owing to the increasing demand for electric vehicles. This is mainly because of the rising concerns over environmental pollution and global warming.
Development of advanced battery technologies: The development of advanced battery technologies is another key growth driver for this market. This is because such technologies can help improve the performance and life cycle of Series Battery Packs, thereby boosting their adoption rates.
Growing investments in clean energy: There has been a significant increase in investments made in clean energy sources such as solar and wind power in recent years, which is likely to drive the growth of the Series Battery Pack market as well.
Rising consumer awareness about environment-friendly options: There has been a rise in consumer awareness about environment-friendly options available today, which is helping boost demand for electric vehicles and related components like Series Battery Packs too.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Series Battery Pack Market Research Report
By Type
5-25 Watts, 48-95 Watts, 18-28 kWh, 100-250 kWh
By Application
Consumer Electronics, Automotive, Medical, Grid Energy and Industrial, Others
By Companies
Samsung SDI Co. Ltd.(South Korea), Panasonic Corporation(Japan), LG Chem Power(U.S.), Toshiba Corporation(Japan), Hitachi Chemical(Japan), Automotive Energy Supply Corporation(Japan), GS Yuasa International Ltd.(Japan), Johnson Controls(U.S.), Shenzhen BAK Battery(China), Future Hi-Tech Batteries Limited(India), BYD(China), Tianjin Lishen Battery(China), Amperex Technology(Hong Kong), Hunan Shanshan Toda Advanced Materials(China), Pulead Technology Industry(China)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.

Global Series Battery Pack Market Report Segments:
The global Series Battery Pack market is segmented on the basis of:
Types
5-25 Watts, 48-95 Watts, 18-28 kWh, 100-250 kWh
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Automotive, Medical, Grid Energy and Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Samsung SDI Co. Ltd.(South Korea)
Panasonic Corporation(Japan)
LG Chem Power(U.S.)
Toshiba Corporation(Japan)
Hitachi Chemical(Japan)
Automotive Energy Supply Corporation(Japan)
GS Yuasa International Ltd.(Japan)
Johnson Controls(U.S.)
Shenzhen BAK Battery(China)
Future Hi-Tech Batteries Limited(India)
BYD(China)
Tianjin Lishen Battery(China)
Amperex Technology(Hong Kong)
Hunan Shanshan Toda Advanced Materials(China)
Pulead Technology Industry(China)



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Highlights of The Series Battery Pack Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
5-25 Watts
48-95 Watts
18-28 kWh
100-250 kWh
By Application:
Consumer Electronics
Automotive
Medical
Grid Energy and Industrial
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Series Battery Pack Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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