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Next-Gen Energy on the Go: Portable Battery Market Forecast Through 2030

06-04-2025 05:46 AM CET | Energy & Environment

Press release from: Allied Analytics LLP

Next-Gen Energy on the Go: Portable Battery Market Forecast

According to a new report published by Allied Market Research, the global portable battery market size was valued at $10.8 billion in 2020, and is projected to reach $27.5 billion by 2030, with global portable battery market forecast expected at a CAGR of 10.4% from 2021 to 2030.

A portable battery, often referred to as a power bank, is a compact energy storage device designed to charge electronic devices on the go. Measured in milliampere-hours (mAh), indicating how much charge the battery can store. Common capacities range from 5,000 mAh to 30,000 mAh or more.

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The Asia-Pacific portable battery market is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period.

Asia-Pacific dominates the portable battery market, due to rapidly increasing population base and increasing disposable income across the countries such as India and China.

The key players operating in the global portable battery industry include A123 Systems LLC, BYD Company Ltd., Contemporary Amperax Technology Co., Limited., eCobalt Solutions, Johnson Controls, LG Chem, Panasonic Corporation, Samsung, Tesla Inc., and Toshiba Corporation.

Recent investments of the Indian government toward lithium-ion battery manufacturing plant in Gujarat and surge in demand for portable electronic gadgets in the country are driving the growth of the market.

Rise in awareness regarding healthcare coupled with increase in use of portable medical equipment during the pandemic outbreak have positively impacted the growth of the market.

Rapidly expanding automotive sector across the globe, rapidly burgeoning electric vehicle sales, and rapidly growing demand for lithium-iron polymer batteries in several application areas, such as smartphones, tablets, are expected to create increased opportunities for the portable battery market during the forecast period.

Advantageous properties possessed by portable battery as compared with other battery types are expected to fuel the growth of the portable battery market during the forecast period.

The growth of the global portable battery market is majorly driven by rapidly urbanization and increase in infrastructural activities across the globe, especially in the developing countries such as India, Indonesia, and Brazil and others, which have escalated the demand for portable batteries.

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The presence of leading automotive leaders such as General Motors, Tesla, Ford, and Chrysler is expected to have a positive impact on the development of the market. This is attributed to rise in awareness regarding the advantages of electric-driven vehicles.

The presence of portable electronic manufacture giants such as Dell, Motorola, Materials Handling Group, and other government agencies is further anticipated to provide remunerative opportunities for the global market during the forecast period.

The conversion of electricity is carried out with the help of a chemical reaction, which may increase fire risks due to unfavorable weather conditions, leading to property damage and rising life risks for the staff working on the equipment.

Portable batteries consist of electrolyte, which increases the risk of leakage, thus causing heavy causalities. This factor acts as a key restraining factor of the global market.

High cost associated with raw materials and huge investment required for the development of new batteries increase the overall expenses of portable batteries, thereby restraining the growth of portable battery market, globally.

On the basis of technology, the global portable battery market is segmented into lead acid, Nickel Metal Hydride, Lithium-ion polymer, Nickel-cadmium, and others.

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On the basis of capacity, the global market is segmented into 0-3000mAh, 3000-5000mAh, 5100-10000mAh and others (Range more than 10,000mAh). The applications covered in the study include smartphones, tablets, automotive applications and others.

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David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int'l: +1-503-894-6022Toll Free: +1-800-792-5285Fax: +1-800-792-5285help@alliedmarkearketresearch.com

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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