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Global Battery Market for Point of Sale Terminals 2017-2021

Global Battery Market for Point of Sale Terminals 2017-2021

About Battery Market for POS Terminals

Increased penetration of POS terminals in the retail and hospitality sectors is driving the market. The need for secure transactions by the merchants in these sectors will likely fuel the market growth during the forecast period. The rise in the number of retail outlets is another major factor contributing to the growing sales of POS terminals. Post-2018, the revenue earned by the vendors is likely to be largely based on the software and add-on services provided by them. Add-on services include store management tools such as inventory management, sales analysis, customer relationship management, advertising, and marketing.

Technavio’s analysts forecast the global battery market for POS terminals to grow at a CAGR of 9.35% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global battery market for POS terminals for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Battery Market For POS Terminals 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • LiPol Battery
  • Overlander
  • Panasonic
  • Shenzhen Glida Electronics
Other prominent vendors
  • Ayaa Technology
  • Hangzhou Future Power Technology
  • HCT Electric
  • Sanyi Doctor Technology
  • Shenzhen Cowon Technology
  • Shenzhen CPKD Technology
  • Shenzhen Enbar Technology
  • Ubetter Technology
Market driver
  • Augmented demand from the consumer electronic market.
  • For a full, detailed list, view our report
Market challenge
  • Misconceptions regarding EMV POS terminals.
  • For a full, detailed list, view our report
Market trend
  • Growth of manufacturing hubs in Southeast Asia.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Battery Market For POS Terminals 2017-2021

Technavio recognizes the following companies as the key players in the global battery market for POS terminals: LiPol Battery, Overlander, Panasonic, and Shenzhen Glida Electronics.

Other Prominent Vendors in the market are: Ayaa Technology, Hangzhou Future Power Technology, HCT Electric, Sanyi Doctor Technology, Shenzhen Cowon Technology, Shenzhen CPKD Technology, Shenzhen Enbar Technology, and Ubetter Technology.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is declining Li-ion battery prices. The growing global POS terminals market highly relies on the Li-ion battery dynamics. Li-ion batteries have higher energy densities than NiMH batteries. Having high energy density means that the battery can store more electricity in the same size cell. This is what makes the Li-ion batteries ideal for use. The Li-ion battery prices have been declining since 2007. The cost of battery packs for electric vehicles has decreased by about 45% from 2007 to 2014. The Li-ion batteries are expected to decline further by 50% during the forecast period.”

According to the report, one driver in market is augmented demand from the consumer electronic market. The consumer electronics market is gaining momentum owing to the increase in disposable income and decreasing price of consumer electronic products due to constant advances in technology. The consumer electronic market is expected to grow during the forecast period. In countries such as China, India, and Japan the living standard has increased drastically in past years owing to increase in per capita income or average income. With this increase in per capita income, the average spending has also increased drastically. Due to this, the global consumer electronic market has increased. Consumers are buying products as per their needs and the new technologies and new features in consumer electronic products is driving the market growth.

Further, the report states that one challenge in market is misconceptions regarding EMV POS terminals. Though many countries favor EMV POS terminals to tackle card fraud, there is a lack of awareness among merchants regarding the benefits of EMV POS terminals. This has hindered the adoption of EMV terminals to an extent. Some merchants especially in the MSME segment have low transaction volume and have never encountered card fraud. So, they are reluctant to replace their existing POS terminals. The liability shift policy has become effective in the US; however, there are several merchants who are yet to adopt EMV-compliant POS terminals. Incurring additional costs for new hardware is a major hindrance for them. There is also a small percentage of vendors, mostly microenterprises, that are yet to be educated about the liability shift policy.

Companies Mentioned

LiPol Battery, Overlander, Panasonic, Shenzhen Glida Electronics, Ayaa Technology, Hangzhou Future Power Technology, HCT Electric, Sanyi Doctor Technology, Shenzhen Cowon Technology, Shenzhen CPKD Technology, Shenzhen Enbar Technology, Ubetter Technology.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • POS market overview
      • Table Workflow of POS terminals
      • Table Li-ion bobbin type battery used in POS terminals
      • Table Li-ion spiral type battery used in POS terminals
    • Definitions
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global battery market for POS terminals by revenue 2016-2021 ($ millions)
      • Table Global POS terminals market by unit shipment 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by battery type
    • Global battery market for POS terminals by battery type
      • Table Global battery market for POS terminals by battery type 2016 and 2021
      • Table Global battery market for POS terminals by battery type 2016-2021 ($ millions)
    • Li-ion batteries
      • Table Global Li-ion battery market for POS terminals 2016-2021 ($ millions)
    • NiMH batteries
      • Table Global NiMH battery market for POS terminals 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Global battery market for POS terminals by end-user
      • Table Global battery market for POS terminals by end-user 2016 and 2021
      • Table Global battery market for POS terminals by end-user 2016-2021 ($ millions)
    • Retail
      • Table Global battery market for POS terminals market by the retail sector 2016-2021 ($ millions)
      • Table Segmentation of the global battery market for POS terminals market by the retail sector 2015
    • Hospitality
      • Table Global battery market for POS terminals market by the hospitality sector 2016-2021 ($ millions)
  • Geographical segmentation
    • Global battery market for POS terminals by geography
      • Table Global battery market for POS terminals by geography 2016 and 2021
      • Table Global battery market for POS terminals by geography 2016-2021 ($ millions)
    • Battery market for POS terminals in APAC
      • Table Battery market for POS terminals in APAC 2016-2021 ($ millions)
    • Battery market for POS terminals in the Americas
      • Table Battery market for POS terminals in the Americas 2016-2021 ($ millions)
    • Battery market for POS terminals in EMEA
      • Table Battery market for POS terminals in EMEA 2016-2021 ($ millions)
  • Market drivers
    • Rise in card transactions
      • Table Payment transaction methods used by consumers globally 2015
      • Table Global volume of payment cards 2015-2020 (billions of units)
    • Growing regulatory intervention on secure payments
      • Table Global POS terminal market by transaction type 2015
    • Large potential customer base
      • Table Percentage share of MSMEs by major countries/regions 2015
    • Augmented demand from the consumer electronic market
      • Table Global consumer electronic market 2012-2020 ($ millions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Increase in card payment-related fraud
      • Table Global payment card fraud losses 2015-2020 ($ billions)
    • Misconceptions regarding EMV POS terminals
    • Battery recycling concerns
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Demonetization in India
    • Wider adoption of contactless payment systems
    • Growth of manufacturing hubs in Southeast Asia
    • Declining Li-ion battery prices
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • LiPol Battery
      • Table LiPol Battery: Key product offerings
    • Overlander
      • Table Overlander: Key product offerings
    • Panasonic
      • Table Panasonic: Key product offerings
    • Shenzhen Glida Electronics
      • Table Shenzhen Glida Electronics: Key product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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