Press release
Portable Battery Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Portable Battery Market Share
The rising demand for consumer electronics is expected to boost the portable battery market. Consumer electronics, which include devices for entertainment, communication, and personal productivity, are growing in popularity due to modern lifestyles and advances in technology. Portable batteries are essential for enhancing the functionality and convenience of these devices by ensuring mobility and extended use. According to LG Corporation's 2022 annual report, the company's revenue grew by 12.9%, reaching $52.7 billion in 2022. The increased demand for consumer electronics is thus fueling the portable battery market.
Get Your Portable Battery Market Report Here:
https://www.thebusinessresearchcompany.com/report/portable-battery-global-market-report
What growth opportunities are expected to drive the portable battery market's CAGR through 2034?
The portable battery market has seen strong growth in recent years. It will rise from $14.28 billion in 2024 to $15.61 billion in 2025, at a CAGR of 9.3%. This growth is driven by the increasing popularity of electric vehicles (EVs), rising standards for portable batteries, more research activities and initiatives, a growing demand for high-fidelity systems, and an increase in audiophiles.
The portable battery market is projected to grow to $21.98 billion by 2029, at a CAGR of 8.9%. Growth is attributed to growing awareness of eco-friendly products, increased demand for portable batteries for electric vehicles, higher demand for portable electronics, and investments in small-scale renewable energy sources. Trends include the adoption of electric vehicles, technological advancements, the development of smart grid technologies, the rise of wireless charging, and upgrades in sound technology.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18435&type=smp
What are the emerging trends shaping the future of the portable battery market?
Companies in the portable battery market are focusing on innovative technologies, such as liquid-cooled systems, to enhance performance and extend battery life. Liquid-cooled technology uses a liquid to manage temperature and prevent overheating in electronic devices. For example, in April 2024, Bounce Infinity, an India-based electric vehicle manufacturer, launched a liquid-cooled battery for its E1 electric scooter. This innovation increases the scooter's range from 85 km to 112-120 km and boosts battery capacity, ensuring more efficient cooling and reducing the risk of overheating in high-performance electric vehicles.
Which growth-oriented segments of the portable battery market are leading the industry's development?
The portable battery market covered in this report is segmented -
1) By Type: Lead Acid Battery, Lithium-Ion Battery, Nickel Cadmium Battery, Nickel Metal Battery, Other Types
2) By Battery Capacity: 0-3,000 Milliampere-Hour (mAh), 3,100-5,000 Milliampere-Hour (mAh), 5,100-10,000 Milliampere-Hour (mAh), Other Battery Capacities
3) By Application: Smartphones, Tablets, Automotive Application, Other Applications
Subsegments:
1) By Lead Acid Battery: Sealed Lead Acid (SLA) Batteries, Gel Lead Acid Batteries, Absorbent Glass Mat (AGM) Batteries
2) By Lithium-Ion Battery: Lithium Iron Phosphate (LiFePO4) Batteries, Lithium Cobalt Oxide (LiCoO2) Batteries, Lithium Nickel Manganese Cobalt (NMC) Batteries, Lithium Manganese Oxide (LMO) Batteries
3) By Nickel Cadmium Battery (NiCd): Standard NiCd Batteries, High-Rate NiCd Batteries
4) By Nickel Metal Hydride Battery (NiMH): Standard NiMH Batteries, High-Capacity NiMH Batteries
5) By Other Types: Zinc-Carbon Batteries, Alkaline Batteries, Solid-State Batteries, Sodium-Ion Batteries, Zinc-Air Batteries
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18435
What regions are leading the charge in the portable battery market?
Asia-Pacific was the largest region in the portable battery market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the portable battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the portable battery market?
Major companies operating in the portable battery market are Samsung Group, Tesla Inc., Sony Group Corporation, BYD Company Limited, Panasonic Corporation, LG Chem Ltd., Southwest Electronic Energy Group, Liebherr Group, EVE Energy Co. Ltd., Energizer Battery Inc., Exide Industries Ltd., Camel Group Co. Ltd., GP Batteries Intl., Amara Raja Batteries Ltd., Duracell Batteries Ltd., A123 Systems LLC, Shenzhen BAK Battery Co. Ltd., Guangdong Dynavolt Power Technology Co. Ltd., Rayovac Corporation, E-One Moli Energy Corp., Nbcell Battery
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=18435&type=smp
What Is Covered In The Portable Battery Global Market Report?
•Market Size Forecast: Examine the portable battery market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the portable battery market for a structured understanding.
•Key Players Overview: Analyze major players in the portable battery market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the portable battery market.
•Segment Contributions: Evaluate how different segments drive overall growth in the portable battery market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the portable battery market.
•Industry Challenges: Identify potential risks and obstacles affecting the portable battery market.
•Competitive Landscape: Review strategic developments in the portable battery market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Portable Battery Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share here
News-ID: 3931924 • Views: …
More Releases from The Business Research Company
Rapid Digitalization Fuels Growth In The Gesture Recognition Market: Strategic I …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Gesture Recognition Market Size By 2025?
In recent times, the market for gesture recognition has expanded significantly. The market is projected to escalate from $23.37 billion in 2024 to $28.02 billion in 2025, with a compound annual growth rate (CAGR) of 19.9%. The exceptional growth…
Future of the Global Flight Simulator Market: Trends, Innovations, and Key Forec …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Flight Simulator Market Size Growth Forecast: What to Expect by 2025?
In the last few years, the flight simulator market has experienced a slight expansion in its size. Anticipated to rise from $5.48 billion in 2024 to $5.51 billion in 2025, it is set to exhibit a compound annual…
Government Initiatives For Sustainability Drive Growth In Environmental Technolo …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Environmental Technology Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the environmental technology market has seen a steady increase over the past few years. The market is forecasted to increase from $565.52 billion in 2024 to $581.1 billion in 2025, reflecting a…
Encryption Software Market on Track for Strong Growth, Estimated to Grow at 18.4 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Encryption Software Market Through 2025?
A swift expansion has been observed in the encryption software market size in the previous years. The market, which is currently valued at $13.45 billion in 2024, is projected to escalate to $15.2 billion in 2025, demonstrating…
More Releases for Battery
Thin Film Micro Battery Market, By Rechargeability (Primary Battery, Secondary B …
The thin film micro battery market is expected to witness market growth at a rate of 30.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thin film micro battery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the Internet of Things (IoT)…
Deep Cycle Gel Battery Market 2022 Analysis by Top Leading Players | Trojan Batt …
The Deep Cycle Gel Battery Market report offers qualitative and quantitative insights as well as a thorough examination of the market size and expansion rate of all potential market segments. The report has been put together using primary and secondary research methodologies, which offer an exact and detailed understanding of the Deep Cycle Gel Battery market. The Deep Cycle Gel Battery Market is projected to succeed at a CAGR of…
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market
The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from…
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market
The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this…
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors.
The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation…
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017
A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery…
