Portable Battery Market by Type (Lead Acid Battery, Lithium-Ion Battery, Nickel Cadmium Battery, Nickel Metal Battery, Others), by Capacity (0-2500 mAh, 2500-5000 mAh, 5000-10, 400 mAh, Above 10, 400 mAh), by Application (Mobile phones, Wearable Accessories, Others Electronic Devices), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Portable Battery Market size was valued at USD 15.1 USD Billion in 2023 and is projected to reach USD 29.99 USD Billion by 2032, exhibiting a CAGR of 10.3 % during the forecast period. A portable battery, commonly known as a power bank, is a compact and rechargeable device designed to supply power to electronic gadgets. They come in various sizes and capacities, offering enough power to recharge your smartphone or tablet multiple times. Portable batteries, also known as power banks, provide an essential backup power source for smartphones, tablets, laptops, and other electronic devices, ensuring uninterrupted usage during travel, emergencies, or extended outdoor activities. Advancements in battery technology, such as the development of high-capacity, fast-charging, and lightweight batteries, have further fueled market expansion. Additionally, the rising popularity of outdoor activities, the growing trend of remote work, and the increasing availability of affordable portable batteries are contributing to the market's robust growth.
Type:
Capacity:
Application:
Recent technological advancements in portable batteries include:
Factors influencing the portable battery market:
Political: Government regulations on battery safety
Economic: Fluctuating raw material prices
Social: Rising demand for portable electronic devices
Technological: Advancements in battery materials and charging technologies
Legal: Environmental concerns and waste disposal regulations
Environmental: Impact of battery production and disposal on the environment
Rivalry among existing competitors: High
Power of suppliers: Moderate
Power of buyers: Moderate
Threat of new entrants: Moderate
The threat of substitutes: Low
Market leaders: Samsung Electronics, Panasonic
Growth stars: LG Chem Power, Duracell Inc.
Cash cows: Sony, Acer
Dogs: Alcatel-Lucent Enterprise, Siemens
Major exporting countries: China, Japan, South Korea
Major importing countries: United States, India, Brazil
Global portable battery production: Estimated at 5 billion units in 2022
Global portable battery consumption: Expected to reach 7 billion units by 2027
Key regulations governing the portable battery market:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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