The global cordless phone battery market is expected to reach approximately USD 63.35 Billion by 2023 growing at a ~9% CAGR over the forecast period 2018-2023.
A cordless phone battery is an energy storage device that is charged repeatedly after being discharged by allowing DC current to its terminals. These batteries are cost-effective and require low maintainence which makes them useful for various applications, including consumer electronics,military & defense, medical equipment, and others.
In the recent years, due to the environmental concerns and limited availability of oil resource, the automotive industry is adopting alternative fuel vehicles such as electric and hybrid vehicles that generate zero emission as these vehicles run on electricity instead of oil and diesel which makes them environment friendly. In this regard, the growing adoption of cordless phone batteries such as lithium-ion batteries in the manufacturing of electric and hybrid vehicles is one of the factors that is driving this market during the forecast period (2018—2023).
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Some of the key players of global cordless phone battery market includes Beckett Energy Systems (USA), BYD Company Ltd. (China),Eagle-Picher Technologies LLC (USA), Energizer Holdings Inc. (USA), E-One Moli Energy Corp. (Taiwan), Johnson Controls International Plc (Ireland), Samsung SDI Co. Ltd. (South Korea), Panasonic Corporation (Japan), LG Chem (South Korea), Ultralife Corporation (USA),Jiangmen TWD Technology Co., Ltd. (China), Highpower International Inc. (China), GS Yuasa Corporation (Japan), GPB International Limited (Hong Kong), Duracell Inc. (USA), FDK Corporation (Japan).
According to the MRFR, the global cordless phone battery is segmented into type, capacity and application.
By type, the market is categorized into Nickel Metal Hydride (NiMH), Nickel Cadmium (NiCad), and Lithium ion (Li-ion).
By capacity, the global cordless phone battery market is segmented into 300-600mAh,650-1200mAh, and 1200 mAh above.
By application, the market is segmented into consumer electronics, automobile industry, military & defense, aerospace, power, and medical equipment.
The geographical analysis global cordless phone market is studied for North America, Europe, Asia Pacific and the rest of the world.
North America dominates the global cordless phone battery market due to the presence of major key players such as Beckett Energy Systems (USA), Eagle-Picher Technologies, LLC (USA), Energizer Holdings Inc. (USA) and is expected to hold the highest market share throughout the forecast period. Asia-Pacific is expected to reach the highest CAGR among the other regions during the forecast period (2018-2023) due to the technological advancement and increasing investment by countries such as China and India. The additional factor responsible for the growth of this market in the APAC region is due to the presence of some major players of this market such as BYD Company Ltd. (China), E-One Moli Energy Corp. (Taiwan), FDK Corporation (Japan), GPB International Limited (Hong Kong), GS Yuasa Corporation (Japan), Highpower International Inc. (China), Jiangmen TWD Technology Co.Ltd. (China), and Panasonic Corporation (Japan).
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