Portable Energy Storage System Market Size

Portable Energy Storage System Market size was over USD 4.8 billion in 2024 and is expected to reach USD 65.3 billion by the end of 2037, witnessing around 24.3% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of portable energy storage system is estimated at USD 6 billion.

Portable devices serve consumers with mobility and cost-effective solutions for emergency backup power sources. Additionally, these power-grid devices are actively contributing to the reduction of CO2 emissions. The inclusion of battery power storage systems in governmental clean energy projects is driving the portable energy storage system market to grow exceptionally. In March 2024, the Ministry of Power sanctioned funding of USD 449.1 million for the implementation of VGF for the development of Battery Energy Storage Systems. Additionally, in September 2024, an investment of USD 25 million by the Government of Queensland attracted international private funding of USD 40 million to help build the battery industry.