Portable Battery Market Report 2025 (Global Edition)

Global Portable Battery Market Report 2024 Market Size Split by Technology (Lead Acid, Nickel Metal Hydride, Lithium-ion Polymer, Nickel Cadmium, Others), by Battery Capacity (0-3, 000mAh, 3, 100-5, 0...

Portable Battery Market Report Description

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Portable Battery Market Insights Video

Competitive Landscape of the Portable Battery System Market

In the Portable Battery System market's competitive landscape, numerous key competitors are driving innovation and growth. Consumer preferences for battery life, charging speed, and environmental impact drive competition. Companies are increasingly focusing on developing eco-friendly and sustainable battery solutions to meet growing consumer demand for green technologies.

In February 2024, Sony introduced the SRS-XV500 in India to enhance its party speaker lineup. This new portable speaker delivers robust sound, features built-in lighting effects, and boasts a long-lasting battery, making it ideal for keeping the party lively throughout the night. (Source: https://www.sony.co.in/pressrelease?prName=sony-launches-new-srs-xv500-portable-party-speaker-with-a-powerful-party-sound-and-25-hours-battery-backup-especially-tuned-for-india )

Top Companies Market Share in Portable Battery Industry: (In no particular order of Rank)

• Sony
• Acer
• Dell
• Alcatel-Lucent Enterprise
• Siemens
• Nikon
• Advanced Battery Systems
• Inc
• Sharp Electronics Corporation USA
• Casio USA
• Lenovo
• BYD Electronic (International) Company Limited
• Duracell Inc
• Panasonic
• LG Chem Power
• Inc
• Samsung Electronics.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Portable Battery System Market

Which Region Dominates the Portable Battery System Market in 2024?

According to Cognitive Market Research, North America currently dominates the Portable Battery Systems market, and the region is expected to have significant growth during the projected period. North America has experienced significant growth in the electric vehicle (EV) market, driven by heightened environmental awareness, government incentives, and advancements in EV technology. EV sales surged from approximately 125,000 units in Q1 2021 to 185,000 units in Q4 2021 and further increased from around 300,000 units in Q1 2023 to 375,000 units in Q3 2023. Notably, 2023 marked the first time that annual EV sales in the U.S. surpassed 1 million, reaching this milestone by Q3; sales in the first three quarters of 2023 were about 58% higher than the same period in 2022. The proportion of new sales accounted for by plug-in electric vehicles rose from about 3% in Q1 2021 to approximately 7% in 2022, and exceeded 10% in Q3 2023. The growing demand for high-performance lithium-ion batteries for EVs significantly boosts the portable battery market, as these batteries are also utilized in a range of other portable applications.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The APAC region is experiencing rapid urbanization, especially in countries like China and India. This urban expansion is accompanied by a surge in the adoption of technology and consumer electronics. In 2022, India's appliances and consumer electronics industry was valued at US$ 9.09 billion and is projected to more than double, reaching Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025. In the first quarter of 2024, smartphone shipments from India increased by 8% year-over-year to 35.3 million units, with the shipment value rising by 18% year-over-year, driven by robust inventory levels and a low comparison base from early 2023. Additionally, India’s wearable market set a new record in 2023, shipping 134 million units, reflecting a 34% year-over-year growth. As more people in these urban areas acquire smartphones, tablets, laptops, and wearable devices, the demand for portable batteries continues to grow.

The current report Scope analyzes Portable Battery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Portable Battery Market

According to Cognitive Market Research, the global Portable Battery System market size was estimated at USD 15241.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 6096.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Portable Battery System market with a market size of USD 4810.2 million in 2024 and is projected to grow at a CAGR of 8.6% during the forecast period. In the U.S., the demand for the Portable Battery System market is driven by widespread adoption of portable electronic devices.
• The Canada Portable Battery System market had a market share of USD 731.6 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. In Canada, the demand for the Portable Battery System market is driven by an increased use of renewable energy sources, such as solar and wind power, which require efficient energy storage solutions.
• The Mexico Portable Battery System market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 554.7 million in 2024.

Europe Portable Battery Market

According to Cognitive Market Research, the global Portable Battery System market size was estimated at USD 15241.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 4572.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• The United Kingdom Portable Battery System market had a market share of USD 768.1 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. In the UK, the demand for the Portable Battery System Market is driven by the country's increasing focus on renewable energy solutions.
• The France Portable Battery System market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 420.6 million in 2024.
• According to Cognitive Market Research, the German Portable Battery System market size was valued at USD 905.3 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. In Germany, the demand for the Portable Battery System Market is driven by the rapid growth of the electric vehicle market, alongside a high level of consumer electronics usage.
• The Italy Portable Battery System market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 393.2 million in 2024.
• The Russia Portable Battery System market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 708.7 million in 2024.
• The Spain Portable Battery System market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 374.9 million in 2024
• The Luxembourg Portable Battery System market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 141.75 million in 2024.
• The Portugal Portable Battery System market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 96.02 million in 2024.
• The Greece Portable Battery System market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 54.87 million in 2024.
• The Rest of Europe's Portable Battery System market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 708.73 million in 2024.

Asia Pacific Portable Battery Market

According to Cognitive Market Research, the global Portable Battery System market size was estimated at USD 15241.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3505.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Portable Battery System market size was valued at USD 1577.5 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. In China, the demand for the Portable Battery System market is driven by rapid urbanization and the widespread adoption of consumer electronics and electric vehicles.
• The Japan Portable Battery System market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 483.7 million in 2024.
• The India Portable Battery System market had a market share of USD 420.6 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period. India's significant government investments in lithium-ion battery production, and a strong focus on enhancing local battery manufacturing capabilities, driving the market.
• The South Korean Portable Battery System market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 350.5 million in 2024.
• The Australian Portable Battery System market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 182.2 million in 2024.
• The South East Asia Portable Battery System market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 241.8 million in 2024.
• The Rest of Asia Pacific Portable Battery System market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 248.9 million in 2024.

South America Portable Battery Market

According to Cognitive Market Research, the global Portable Battery System market size was estimated at USD 15241.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 762.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Portable Battery System market size was valued at USD 326.1 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. In Brazil, the demand for the Portable Battery System market is driven by the increasing adoption of mobile and consumer electronics.
• Argentina's Portable Battery System market had a market share of USD 128.03 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. In Argentina, the demand for the Portable Battery System market is driven by Rapid urbanization and an increasing focus on digital connectivity.
• Colombia's Portable Battery System market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 67.83 million in 2024.
• Peru's Portable Battery System market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 62.49 million in 2024.
• Chile's Portable Battery System market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 54.87 million in 2024.
• The Rest of Latin America's Portable Battery System market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 122.69 million in 2024.

Middle East and Africa Portable Battery Market

According to Cognitive Market Research, the global Portable Battery System market size was estimated at USD 15241.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 304.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.

• The GCC Countries Portable Battery System market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 130.47 million in 2024. Portable Battery System sales flourish due to significant investment in the entertainment industry, emphasizing 3D movies and Virtual Reality (VR).
• The Egypt Portable Battery System market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 32.01 million in 2024.
• The South Africa Portable Battery System market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 48.16 million in 2024. In South Africa, the demand for the Portable Battery System Market is driven by the strong emphasis on technological innovation, especially in robotics and automotive industries.
• The Turkey Portable Battery System market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 26.22 million in 2024.
• The Nigeria Portable Battery System market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 32.01 million in 2024.
• The Rest of the MEA Portable Battery System market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 35.97 million in 2024.

Portable Battery Market Analysis

How are Segments Performing in the Global Portable Battery System Market?

Portable Battery System Market Technology Segment Analysis

According to Cognitive Market Research, Lithium-ion Polymer is likely to dominate the Portable Battery System Market over the forecast period. LiPo batteries are lighter and more compact than traditional lithium-ion batteries, making them ideal for applications where space and weight are critical. This is particularly relevant for consumer electronics such as smartphones, tablets, and wearables, where there is a constant demand for slimmer and more portable devices. The ability to design batteries that fit into tight spaces without sacrificing performance fuels the growth of the LiPo technology segment.

Lead Acid is the fastest-growing segment in the Portable Battery System Market. Lead acid batteries provide high power output and are capable of delivering a significant amount of current quickly. This characteristic makes them suitable for applications requiring high surge currents, such as starting automotive engines. Their ability to deliver high power output drives their continued use in automotive and other high-current applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Portable Battery Industry. Request a Free Sample PDF!

Portable Battery System Market Battery Capacity Segment Analysis

According to Cognitive Market Research, the 3,100-5,000mAh Battery Capacity segment holds the largest share of the market. Batteries with a capacity of 3,100-5,000mAh strike a balance between size and power, offering a good amount of energy storage without significantly increasing the size or weight of the device. This makes them an ideal choice for portable devices like smartphones, tablets, and wearables, where a compact design is crucial but users still require sufficient battery life.

In the Portable Battery System Market, 5,100-10,000mAh Battery Capacity has been expanding at a rapid pace. Consumers are increasingly seeking devices that can last through a full day or more of heavy use without needing to be recharged frequently. The 5,100-10,000mAh battery capacity range offers extended battery life, meeting the growing demand for devices that can keep up with all-day or even multi-day usage without interruption. The market for portable devices, such as power banks, portable speakers, and larger wearables, is expanding. These devices often require higher battery capacities to provide adequate power for extended use. The 5,100-10,000mAh capacity range is ideal for such applications, supporting the segment's growth as the market for portable devices increases.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Portable Battery Application Segment Analysis

Portable Battery System Market Application Segment Analysis

According to Cognitive Market Research, The Smartphones segment holds the largest market share. The expansion of functions in smartphones has placed significant strain on both hardware and battery capabilities, prompting major battery and electronics companies to invest heavily in addressing these challenges. Additionally, the growing reliance on mobile devices for cashless payments, supported by government policies, and their integration with other technologies have significantly driven up demand for smartphones. This increased demand, in turn, is encouraging manufacturers to develop more efficient and advanced batteries to meet the evolving needs of users.

In the Portable Battery System market, the rapidly growing sector is the Tablets category. Tablets have become increasingly popular as versatile devices for both personal and professional use. They are used for a variety of applications, including browsing, streaming, gaming, and productivity tasks. As more consumers and businesses adopt tablets, the demand for portable batteries to support these devices grows. Modern tablets come with high-resolution displays, powerful processors, and a range of applications that consume significant amounts of power. As tablets are used for more demanding tasks, their power consumption increases. This drives the need for portable batteries that can provide additional power and extend the usage time of tablets.

• Smartphones
• Tablets
• Automotive Application
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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