Lithium polymer portable battery is a rechargeable battery made of lithium-ion technology using polymer electrolyte instead of liquid electrolyte. The lithium polymer portable battery is the miniature form of lithium polymer battery that provides the consumer electronics manufacturers with a compelling advantage of producing miniature electronic devices. The global lithium polymer portable battery market is anticipated to witness a robust growth rate during the forecast period from 2017 to 2025 owing to the increasing demand for consumer electronics like smart phones, wearable devices, power banks, portable media players among others.
The global lithium polymer portable battery market is expected to witness a progressive growth in the coming years due to the increasing demand for internet of things (IoT) devices and consumer electronics. The driving factor of lithium polymer portable battery is that it allows the manufacturer to shape the battery in any way they want. This gives more freedom in designing the mobile devices. Due to various shapes, sizes and amperages lithium polymer portable battery can be used in any device In addition it has more resistant to overcharge and less chance of electrolyte leakage. This is expected to accelerate the growth of lithium polymer portable battery during the forecast period.
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However, the initial cost of the lithium polymer portable battery is high and is expected to inhibit its growth rate to certain extent in the coming eight years. The development of this lithium polymer portable batteries requires initially high investment. It also requires implementation of expensive machinery along with the technology for manufacturing lithium polymer portable battery. Thus high initial capital investment coupled with rapid technological change in the field of battery is one of the key factor expected to limit various battery manufacturers to enter into this market. This in tur, is anticipated to affect the market negatively in the coming years.
For the purpose of providing detailed research report, the global Lithium polymer portable battery market is segmented on the basis of product type and applications. On the basis of product type, the market is segmented into lithium polymer portable single cells, lithium polymer portable battery packs, high discharge lithium polymer cells and battery packs. Among the different product types, lithium polymer portable battery packs hold the largest market share due to its increasing demand from various rapidly growing consumer electronic market. Lithium polymer portable battery also finds its application in healthcare, consumer electronics, radio controlled equipment and airsoft, electric vehicles and others. Among various application, consumer electronics is expected to witness the growth rate at a highest CAGR during the forecast period. Interest in wearable devices has surged in the past few years. With the growing development of consumer electronics such as smart phones, smart bands and smart watches among others, it is desirable to design and develop flexible power supplies with high performance and flexibility for integration into electronics.
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Geographically, the global Lithium polymer portable battery market has been further divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is expected to held the largest share of the lithium polymer portable battery market among the different regions in 2016. The lithium polymer portable battery market of North America is mainly driven by the U.S owing to the wide presence of number of major players and their continuous research and development on lithium polymer portable battery to provide advanced products. On the other side, the Asia Pacific lithium polymer portable battery market is expected to witness a high growth rate during the forecast period owing to its lower rate of self-discharge.
Some of the key vendors operating in the global Lithium polymer portable battery market includes LiPol Battery Co., Ltd (China), Panasonic (Japan), Celgard LLC (The United States), LG Chem (South Korea), DuPont (The United States) among others.
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