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Eminent players are focusing on developing advanced battery technologies, such as improved lithium-ion and solid-state batteries, to enhance energy density, efficiency, and lifespan. Key players are broadening their product portfolios to cater to various applications, from consumer electronics to emergency backup and off-grid power solutions. This diversification helps meet the needs of different market segments and increases market penetration.
Eminent players operating in the portable energy storage system industry are:
AceOn Group, Anker Innovations Co., Ltd, ATGepower, Bluetti Power, Chint Global, EcoFlow, Goal Zero, Jackery Technology GmbH, Jiangsu Senji New Energy Technology Co., Ltd., Jiangxi Deti Intelligent Power Co. LTD, Jntech Renewable Energy Co., Ltd, and Zhejiang Xili New Energy Co., Ltd.
Asia Pacific portable energy storage systems market is expected to surpass USD 8.1 billion by 2032, with rising populations and urbanization in China, India, and Southeast Asia boosting demand for reliable power solutions.
The market size of portable energy storage systems was worth over USD 3.5 billion in 2023 and is set to register about 23.8% CAGR through 2032, driven by advances in battery technology, enhancing efficiency and lifespan.
Lithium-ion technology segment in the portable energy storage systems market is expected to exceed USD 17 billion by 2032, because of their superior energy density and longer cycle life compared to other battery technologies.