Portable Battery Market Analysis - Statistics, Share, Key Country and Regional Forecast 2023
Market Outlook The global portable battery market is estimated to touch USD 18 billion at a CAGR of 17% from 2018 to 2023. The constant development of consumer electronic devices such as mobile phones, wireless devices, laptops, and others is expected to drive the market growth. Massive demand for smart devices is expected to induce demand within the market till 2023. The internet of things (IoT), a connected ecosystem of devices, across industries and homes is expected to drive the demand for portable batteries. Development of technologies which can charge batteries over the Internet is expected to be profitable with manufacturers producing batteries compatible with the technology. Development of next-generation devices such as diagnostic monitoring patches, fitness bands, and hearing aids are likely to drive the portable battery market growth. Limits set by governments to reduce the detrimental effects of batteries coupled with metal content levels of cadmium, lead, and mercury can ...