Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The portable battery business is always changing because more and more people use phones, which makes portable power choices more important. A big trend in the business world is that small batteries that can hold a lot of power and charge quickly are always getting better. Companies are investing in technologies that make charging personal devices easier and faster so that users can enjoy a better experience. These technologies offer faster charging speeds and longer battery life.
Changing portable batteries to high-tech parts is another interesting change. Graphene and solid-state electrodes are being looked into by companies to make portable batteries safer, last longer, and hold more power. These changes have made it possible for us to find better ways to store energy than lithium-ion batteries.
It is quickly becoming more and more popular to charge small batteries wirelessly. Since wireless charging is becoming more popular for gadgets, companies that make batteries for travel are adding it to their products. Wireless charging doesn't require any lines or links, so it's easy and quick to do.
In the portable battery business, there are more and more moves toward making things unique and special. To meet the wants of all types of customers, manufacturers make a lot of sizes, colors, and styles. These portable batteries may have all the power choices that users need because they have LED lights, solar panels, and different charge ports.
Smaller and lighter power sources are becoming more popular because more and more people travel or do things outside. Small batteries that can be carried around and have a lot of power can be mobile and charge quickly.
The portable battery market is growing in places where a lot of people use phones and where there are more and more tech-savvy people. People need flexible power choices, which is why emerging economies are growing. It's especially true in Africa and Asia-Pacific, where more and more people are getting smartphones and other small electronics.
Portable Battery Market Highlights:
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 2032, exhibiting a compound annual growth rate (CAGR) of 8.68% during the forecast period (2024 - 2032). 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.
Source: 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)
Source: 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 (%)
Source: 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
-
-
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
February 2024: Sony India introduced the SRS-XV500, a fresh new portable party speaker that boasts powerful sound output, built-in lighting, and long-lasting battery life – thus extending its lineup within India. The SRS-XV500 allows you to plug in a karaoke mic so you can sing all night with it. These speakers are an IPX4-certified device made to withstand water spills and also have USB connectivity for plug-and-play features. The Sony SRS-XP500 is designed to deliver a great audio experience along with versatile features suitable for parties or daily use; it offers portability, durability, and high-quality sound performance. Pricing at Rs 31,990 in the Indian market alone, where this product is available only now till then everywhere else, will take some time before becoming widely accessible, so if anyone wants one, they should get their hands on it soon enough!
December 2023: Atlas Copco – one of the industrial sector giants – released what has been coined as ‘B-Air’: the world’s first-ever battery-driven portable screw air compressor, thus keying into a greener future for global industries. Also, by introducing B-Air 185-12, which is a battery-driven portable screw air compressor, into its range of electric-powered portables, Atlas Copco has increased its offerings under this category while setting another record as a pioneer in making such machines available anywhere around the world thereby marking yet another milestone towards sustainability within industrialization sector.
January 2023: the AlphaTheta (think Pioneer DJ) launched a brand-new OMNIS-DUO. Also, another entrant enters what had previously been an empty space for fully battery-operated DJ booths like Denon DJ Prime Go or Numark Mixstream Pro. This much-leaked device will be the first-ever DJ product carrying an AlphaTheta logo and wordmark on it. Can’t say we weren’t warned either – diligent internet sleuths spotted OMNIS DUO on Suat’s livestream as he cavorted around Venice Beach. That was a pretty good tell of the type of product we’d be getting: a party in a box designed to take parties anywhere you want.
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
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
