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Portable Battery Market Research Report Information By Technology (Lead Acid, Nickel Metal Hydride, Lithium-ion Polymer, Nickel Cadmium, Others), By Battery Capacity (0-3,000mAh, 3,100-5,000mAh, 5,100-10,000mAh, Other), By Application (Smartphones, Tablets, Automotive, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

ID: MRFR/SEM/0435-HCR | 125 Pages | Author: Ankit Gupta| April 2024

Global Portable Battery Market Overview:

The Portable Battery Market Size was valued at USD 14.15 Billion in 2022. The Portable Battery industry is projected to grow from USD 15.82 Billion in 2023 to USD 27.54 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.68% during the forecast period (2023 - 2030). An electrical battery that may be charged and discharged into a load is called a portable battery. Numerous end users, including the electrical sector and the automobile industry, are suitable for portable batteries. During the projected period, an increase in infrastructure development activities across emerging nations like India is anticipated to fuel market growth. Additionally, the market for portable batteries is expanding due to the rapid rise in global warming and the expansion of government laws that are supportive of electric vehicles. To power equipment in emergencies, portable batteries are linked in parallel to create energy storage systems with battery management software.Portable Battery MarketSource: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Portable Battery Market Trends

  • Advancements in technology

Portable batteries, also known as power banks, allow users to charge their devices while away from a power source, providing a convenient and reliable source of power. This is particularly important for people who are frequently on the go, such as travelers, commuters, and outdoor enthusiasts. The advancements in technology have led to the development of more efficient and compact portable batteries, making them easier to carry and more effective at charging electronic devices. This has increased the appeal of portable batteries to a wider range of consumers, further driving demand for these products.

Portable Battery Market Segment Insights:

Portable Battery Technology Insights

The market segmentation, based on Technology, includes Lead Acid, Nickel Metal Hydride, Lithium-ion Polymer, Nickel Cadmium, and Others. The Lithium-ion Polymer segment holds the majority share in 2022, contributing to the global Portable Battery revenue. Due to the quick growth of technology and innovation, the use of portable batteries has increased. The market is growing owing to the quick invention and development of portable consumer electronics technologies as favorable government regulations for the adoption of electric cars in both developed and developing nations.

Portable Battery Battery Capacity Insights

Based on Wattage, the market segmentation includes 0-3,000mAh, 3,100-5,000mAh, 5,100-10,000mAh, Other. The 3,100-5,000mAh segment dominated the market. Rapid technological advancement and innovation have increased the use of portable batteries across many industries. Additionally, the growth of border conflicts and terrorist operations throughout the globe has sparked the creation of surveillance robots and drones with modest payloads.

Portable Battery Application Insights

Based on Application, the market segmentation includes Smartphones, Tablets, Automotive, and Others. The smartphone segment is the largest segment of the market. As smartphones are being used more and more in current culture. Additionally, the increased functionality of smartphones placed significant stress on their hardware and batteries, which prompted many electrical and battery industry titans to spend to solve some issues.

Figure 2: Portable Battery Market, by Application, 2022 & 2030 (USD Million)Portable Battery Market, by Application, 2022 & 2030Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Portable Battery Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region leads the global market for portable batteries. Due to the presence of growing nations such as China and India. An additional important aspect driving the industry is the enormous population. Market expansion is being fueled by recent government investments made by India in a lithium-ion battery production facility in Gujarat and a rise in demand for portable electronic devices in the nation as a result of the availability of surplus money. The expansion of the market has also been positively impacted by rising healthcare awareness among consumers as well as increased usage and benefits of portable medical equipment during the pandemic.

Figure 3: Portable Battery Market SHARE BY REGION 2022 (%)Portable Battery Market SHARE BY REGION 2022Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Portable Battery Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Portable Battery industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Portable Battery industry to benefit customers and expand the market sector. Major market players, including Sony Corporation, Acer Inc, Sharp Electronics Corporation, Casio Computer Co Ltd, Seiko Holdings Corporation, and others, are attempting to increase market demand by funding R&D initiatives.

Sony is a firm that creates, designs, manufactures, and markets electronic tools, gadgets, and equipment for consumer, business, and industrial industries such as video gaming hardware and software. Additionally, it produces and acquires image-based software, including movies, home entertainment, and television goods, as well as develops, produces, markets distributes, and broadcasts recorded music. Additionally, Sony offers financial services, such as operations for life and non-life insurance. In addition, the corporation has network services and advertising operations.

Acer is a provider of hardware, software, and services to consumers and companies in the information and communications technology sector. The company is involved in the research, design, marketing, sales, and support of a variety of products and services, including servers, cloud services, e-business services, commercial solutions, digital signage solutions, beverages, smart cities, and medical AI. Other products and services include gaming and esports platforms, gadgets, servers, and servers. Some of its well-known brands are PLANET9, ConceptD, Predator, and Acer.

Key Companies in the Portable Battery market include

  • Sony Corporation

  • Acer Inc

  • Alcatel-Lucent

  • Dell Inc

  • Siemens

  • Nikon Corporation

  • Advanced Battery Systems Inc

  • Sharp Electronics Corporation

  • Casio Computer Co.Ltd

  • Seiko Holdings Corporation

Portable Battery Industry Developments

October 2022: Siemens and Automotive Cells Company (ACC) have joined forces in a new strategic relationship after signing a Memorandum of Understanding. According to the deal, Siemens will take over as ACC's top automation, digitalization, and electrification technology supplier. This will allow ACC to build up its production while increasing plant and energy efficiency.

Portable Battery Market Segmentation

Portable Battery Technology Outlook

  • Lead Acid

  • Nickel Metal Hydride

  • Lithium-ion Polymer

  • Nickel Cadmium

  • Others

Portable Battery Battery Capacity Outlook

  • 0-3,000mAh

  • 3,100-5,000mAh

  • 5,100-10,000mAh

  • Other

Portable Battery Application Outlook

  • Smartphones

  • Tablets

  • Automotive

  • Others

Portable Battery Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2022 USD 14.15 Billion
Market Size 2023 USD 15.82 Billion
Market Size 2030 USD 27.54 Billion
Compound Annual Growth Rate (CAGR) 8.68% (2023-2030)
Base Year 2022
Market Forecast Period 2023-2030
Historical Data 2018 & 2022
Market Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Technology, Battery Capacity, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Sony Corporation, Acer Inc, Alcatel-Lucent, Dell Inc, Siemens, Nikon Corporation, Advanced Battery Systems Inc, Sharp Electronics Corporation, Casio Computer Co.Ltd, Seiko Holdings Corporation
Key Market Opportunities Advacement in technology
Key Market Dynamics Increasing usage of cell devices The rising demand for electronic gadgets

Frequently Asked Questions (FAQ) :

The Portable Battery Market size was valued at USD 14.15 Billion in 2022.

The global market is projected to grow at a CAGR of 8.68% during the forecast period, 2023-2030.

Asia Pacific had the largest share of the Portable Battery Market.

The key players in the market are Sony Corporation, Acer Inc, Alcatel-Lucent, Dell Inc, Siemens, Nikon Corporation, Advanced Battery Systems Inc, Sharp Electronics Corporation, Casio Computer Co.Ltd, and Seiko Holdings Corporation.

The 3,100-5,000mAh category dominated the market in 2022.

The Smartphones segment had the largest share in the global market for Portable batteries.

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