All of us have experience of portable energy systems. Batteries are everywhere, in cell phones, in toothbrushes, in recreational BEV vehicles and in other devices for professional or hobby purposes. A new report from Global Market Insights reveals that the market for portable energy storage systems was valued at 4.4 billion USD in 2024. In 2034 the market size is expected to reach 40,9 billion USD, which means an average annual growth rate of 24,2 %.
A variety of technologies is represented in the portable energy storage market, from traditional lead-acid batteries and alkaline cell batteries to lithium-ion batteries and lithium-iron phosphate batteries. In the future sodium-ion batteries and solid-state batteries hold promising perspectives.
The market segments are divided into two major parts, outdoor use (45.9% in 2024) and emergency use. The frequency and severity of natural catastrophes are increasing, which means that the demand for reliable and resilient equipment for life-saving use is growing. Medical home use is one very important application for the portable energy storage systems. Outdoor use is getting even more popular thanks to the trends of camping, hiking, biking etc. Batteries offer an alternative to other energy sources such as gas. There is also a growing demand for portable charging devices for BEV vehicles. For residential use the report foresees an increasing demand for home automation, backup energy and storage of renewable power.
Market-wise North America corresponded to 47.1% of the demand in 2024. Until 2034 the growth will be even bigger in the Asia-Pacific region and in Europe, where the market size is estimated to 7.3 billion USD at the end of this period. In the emerging markets of Latin America and Africa portable energy storage systems will primarily be used for off-grid electrification and backup power solutions.
