Cordless Phone Battery Market: Global Market Growth Study, Future Trends, Demands, and Top Players Data by Forecast to 2027
Industry Insight
While 2020 is being an extremely eventful year for data
analytics due to COVID-19 breakthrough, the global cordless
phone battery market 2020 is showing some positive instincts, when studied
by Market Research Future. As per COVID-19 impact analysis, the market has the
potential to show immense growth, which is recorded at a rate of 9% and is
capable of reaching a valuation of USD 63.35 Billion by 2023. The growth period
has been estimated from the years 2018 to 2023.
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Top Grossing Factors
A cordless phone refers to a portable
telephone that uses radio waves in place of wire to communicate with a base
station. A modern cordless phone system uses a transmission signal from 900 MHz
to 2.4 GHz and an improved antenna/receiver system to put forward clear
communications. Batteries used in the cordless phone provide hours of available
talk time as being rechargeable. Therefore, factors such as better voice
quality, remote message pickup from the handset, improved safety feature,
caller ID, and two-way paging drive the global cordless phone battery market’s
growth.
The cordless phone battery is cost-effective
and environment friendly. The useful life span of cordless phone batteries
ranges from one to three years. These batteries are available in different
shapes and sizes, which can be deployed in various applications such as
aerospace & military defense, consumer electronics, and medical equipment.
These factors took the pace of expansion of the market to the next level and
counted as key factors causative for the market’s sufficient growth.
MRFR also estimates that the proliferation of
lithium-ion batteries in consumer electronics such as tablets, phones, laptops,
and smart wearable is also supreme factors for the growth of the cordless phone
battery market. The battery in cordless phones is known for propounding various
benefits such as high energy density, lightweight, and less self-discharge
rate. In this regard, integrating these features of batteries in a cordless
phone is likely to increase the demand for cordless phone battery during the
forecast period.
The usage of lithium-ion batteries (like in
cordless phones) is also widely used in the automotive industry for the
manufacturing of electric & hybrid vehicles. The deployment of lithium-ion
batteries in electric and hybrid vehicles curtail the utilization of natural
resources and facilitate in reducing the carbon emission produced by vehicles.
Besides, the maintenance cost of a cordless phone battery is cheaper as the
battery does not require frequent checking and changing. Hence, the growing
adoption of cordless phone batteries is assumed to swell the demand during the
forecast period.
In spite of these factors, another factor of
interference by other devices over signal and health effects of cordless phones
impedes the market growth. Thus, technological advancements, such as touch
screen options and surged battery life, are proved to be an excellent
opportunity for the market to expand in the following timeframe.
Segmentation of Market: Cordless
Phones Battery
As per claims by MRFR, the global cordless phone battery market
is more studied over segmentation that has included type, capacity, and
application segments.
With respect to the type segment, the global
cordless phone battery market has included Nickel Cadmium (NiCad), Nickel Metal
Hydride (NiMH), and Lithium-ion (Li-ion). As per the study, the lithium-ion
batteries are expected to grab the largest market share among other batteries
during the assessment period. The mounting adoption of lithium-ion batteries in
consumer electronics such as tablets, Smartphones, and medical devices owing to
its distinct features such as lightweight and high energy density are also
crucial factors for the growth of lithium-ion battery market.
With respect to capacity segment, the global
cordless phone battery market has included 300-600mAh, 650-1200mAh, 1200 mAh,
and more.
With respect to the application segment, the
market has included automobile industry, consumer electronics, aerospace, military
& defense, medical equipment, and power.
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Region-Wise Analysis
The geographical breakdown global cordless
phone market is considered for the key regions of Europe, North America, Asia
Pacific, and the rest of the world.
MRFR claims that North America continues to dominate the global
cordless phone battery market with the support of established major key players
Eagle-Picher Technologies, Beckett Energy Systems (USA), Energizer Holdings
Inc. (USA) LLC (USA). By this, the region is expected to be the highest market
share owner throughout the forecast period.
In the same line, the Asia-Pacific region is
also expected to achieve the peak CAGR among the other regions through the
forecast period (2018-2023) owing to the technological advancement and
increasing investment by China and India. The additional factor causative for
the growth of this market in the APAC region is the existence of giant players
namely E-One Moli Energy Corp. (Taiwan), BYD Company Ltd. (China), GPB
International Limited (Hong Kong), FDK Corporation (Japan), Highpower
International Inc. (China), GS Yuasa Corporation (Japan), Panasonic Corporation
(Japan) and Jiangmen TWD Technology Co.Ltd. (China).
Top Giant Players
The giant players operational in the market include Beckett
Energy Systems (USA), Eagle-Picher Technologies LLC (USA), Johnson Controls
International Plc (Ireland), Energizer Holdings Inc. (USA), Samsung SDI Co.
Ltd. (South Korea), LG Chem (South Korea), GPB International Limited (Hong
Kong), Highpower International Inc. (China), Ultralife Corporation (USA), GS
Yuasa Corporation (Japan), Duracell Inc. (USA).
About Market
Research Future:
Market Research Future (MRFR) is
an esteemed company with a reputation of serving clients across domains of
information technology (IT), healthcare, and chemicals. Our analysts undertake
painstaking primary and secondary research to provide a seamless report with a
360 degree perspective. Data is compared against reputed organizations,
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