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APAC is Leading Electronic Gadget Batteries Market
(MENAFN- P&S Intelligence) The electronic gadget batteries market was USD 15.9 billion in 2023, which will increase to USD 45.6 billion, growing at a 16.3% compound annual growth rate, by 2030.
The growth of this industry is mainly because of the increased consumer preference for portable devices as well as the progress in urbanization. Furthermore, the major factor for the advancement is that modern mobile devices like tablets and smartphones are equipped with the software and power necessitated to run online apps and desktops.
Random memory and storage, processors, an operating system, Wi-Fi, and various other components of software and hardware present in personal computers are all found in portable computing products.
Therefore, rechargeable batteries assist in powering these electronic products. Also, the chosen technology of the battery impacts the user interface, mobility, and performance of devices.
In 2023, the OEMs category, based on end user, accounted for the major share, of 65%. This can be because lithium-ion batteries are essential for achieving the goals of mobile computing battery OEMs in enhancing device efficiency, price competitiveness, and battery life.
The offline category, based on distribution channel, was the largest contributor to the electronic gadget batteries market. This can be because electronic device batteries are dispersed via B2B, wholesalers, brick-and-mortar stores, retailers, hypermarkets, branded shops, and others. The most widespread offline distribution in this industry comprises distribution to wholesalers and OEMs via distributors and dealers.
In 2023, the portable PCs category, based on application, led the industry, with a 40% share. This will be because portable PC batteries are extensively utilized in Chrome books, laptops, and notebooks as these rechargeable gadgets are employed to produce and store electricity, allowing portable PCs like laptops to run without a power cord.
Additionally, lithium-ion batteries are the most common laptop batteries type. They are accessible in different configurations, based upon the workload weight, CPU speed, RAM, screen size, and other measurements to keep the laptops functioning for many hours.
The growth of this industry is mainly because of the increased consumer preference for portable devices as well as the progress in urbanization. Furthermore, the major factor for the advancement is that modern mobile devices like tablets and smartphones are equipped with the software and power necessitated to run online apps and desktops.
Random memory and storage, processors, an operating system, Wi-Fi, and various other components of software and hardware present in personal computers are all found in portable computing products.
Therefore, rechargeable batteries assist in powering these electronic products. Also, the chosen technology of the battery impacts the user interface, mobility, and performance of devices.
In 2023, the OEMs category, based on end user, accounted for the major share, of 65%. This can be because lithium-ion batteries are essential for achieving the goals of mobile computing battery OEMs in enhancing device efficiency, price competitiveness, and battery life.
The offline category, based on distribution channel, was the largest contributor to the electronic gadget batteries market. This can be because electronic device batteries are dispersed via B2B, wholesalers, brick-and-mortar stores, retailers, hypermarkets, branded shops, and others. The most widespread offline distribution in this industry comprises distribution to wholesalers and OEMs via distributors and dealers.
In 2023, the portable PCs category, based on application, led the industry, with a 40% share. This will be because portable PC batteries are extensively utilized in Chrome books, laptops, and notebooks as these rechargeable gadgets are employed to produce and store electricity, allowing portable PCs like laptops to run without a power cord.
Additionally, lithium-ion batteries are the most common laptop batteries type. They are accessible in different configurations, based upon the workload weight, CPU speed, RAM, screen size, and other measurements to keep the laptops functioning for many hours.
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