Portable Battery Market Size

Portable Battery Market size was over USD 16.2 billion in 2024 and is estimated to reach USD 54.2 billion by the end of 2037, expanding at a CAGR of 10.6% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of the portable battery is evaluated at USD 17.9 billion.

The widespread adoption of smartphones, laptops, tablets, and wearable devices is driving the demand for portable batteries. As per the World Economic Forum, in 2022, there were about USD 8.58 billion active mobile subscriptions globally. These devices rely on efficient, long-lasting batteries to enhance user experience, leading to consistent growth in the portable battery market.

Furthermore, the rising popularity of electric vehicles (EVs) is a significant driver for the industry, especially in relation to EV charging stations, power storage, and backup systems. As per the International Energy Agency, in 2023, about one out of every five vehicles sold was electric. In 2023, sales of electric cars approached 14 million, with the United States, Europe, and China accounting for 95% of these sales. As the demand for EVs continues to grow, so does the need for reliable and efficient charging infrastructure. Portable batteries play a crucial role in providing power solutions for charging stations, enabling energy storage for off-grid locations, and supporting backup systems during power outages. This trend drives the overall demand for advanced portable battery solutions across various sectors.