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Global Power Bank Market
Market Size in USD Billion
CAGR :
%
USD
12.40 Billion
USD
36.40 Billion
2024
2032
Forecast Period
2025 –2032
Market Size(Base Year)
USD
12.40 Billion
Market Size (Forecast Year)
USD
36.40 Billion
CAGR
%
Major Markets Players
Xiaomi
Lenovo
Microsoft
Panasonic Corporation
Sony Corporation
Global Power Bank Market Segmentation, By Capacity (1000-5000 M.A.H, 5001-10000 M.A.H., 10001-15000 M.A.H., 15001-20000 M.A.H., and Above 20001 M.A.H.), Type (Portable, USB Plugin, Solar, and Electric), Port (Single and Multiple), Battery (Lithium-Ion Battery and Lithium Polymer Battery), Unit of USB Port (1 USB Port, 2 USB Ports, and More than 2 USB Ports), USB Type (Type A, Type B, and Type C), Indicator (LED Lighting and Digital Display), Price Range (Low, Medium, and Premium), Application (Smart Phone, Tablet, Laptop, Portable Media Device, Wearable Device, Digital Camera, and Others), Distribution Channel (Online and Offline) - Industry Trends and Forecast to 2032
Power Bank Market Size
The global power bank market size was valued at USD 3.71 billion in 2024 and is expected to reach USD 17.60 billion by 2032,at a CAGR of 21.50% during the forecast period
This growth is driven by increased mobile device usage and rising demand for backup power solutions across on-the-go consumers and professionals
Power Bank Market Analysis
Power Banks are essential portable energy storage devices widely used across various sectors including consumer electronics, automotive, medical devices, industrial applications, and travel accessories, due to their convenient recharging capability, compact design, and ability to support multiple devices simultaneously
The demand for power banks is largely driven by increased smartphone penetration and growing digital dependency
Asia-Pacific is expected to dominate the power bank market with the largest market share of 51.11% in 2025, fueled by a massive consumer electronics base, affordable production costs, and the presence of major manufacturers in countries such as China, South Korea, and India.
North America is projected to register the highest CAGR in the power bank market during the forecast period due to high demand for advanced, fast-charging devices, widespread use of smart gadgets, and strong retail infrastructure for consumer electronics
The lithium-ion battery segment is expected to dominate the market with the largest market share of 81.31% in 2025, owing to its high energy density, lightweight nature, longer life cycle, and wide availability in compact power storage devices
Report Scope and Power Bank Market Segmentation
Attributes
Power Bank Key Market Insights
Segments Covered
By Capacity: 1000–5000 mAh, 5001–10000 mAh, 10001–15000 mAh, 15001–20000 mAh, and Above 20001 mAh
By Type: Portable, USB Plugin, Solar, and Electric
By Port: Single and Multiple
By Battery: Lithium-Ion Battery and Lithium Polymer Battery
By Unit of USB Port: 1 USB Port, 2 USB Ports, and More than 2 USB Ports
By USB Type: Type A, Type B, and Type C
By Indicator: LED Lighting and Digital Display
By Price Range: Low, Medium, and Premium
By Application: Smartphone, Tablet, Laptop, Portable Media Device, Wearable Device, Digital Camera, and Others
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework
Power Bank Market Trends
“Rising Demand for Wireless and Fast-Charging Power Banks”
A key trend shaping the power bank market is the increased adoption of wireless and fast-charging technologies due to the proliferation of smart devices with high power requirements
These power banks feature Qi wireless charging, USB-C PD (Power Delivery), and Quick Charge (QC) capabilities, catering to modern user expectations for speed and convenience
For instance, in September 2023, Anker Innovations launched its MagGo wireless series with fast wireless charging and magnetic alignment for Apple devices
As consumers increasingly seek on-the-go charging solutions with minimal cables and reduced charging time, the demand for advanced power bank technologies continues to surge
Power Bank Market Dynamics
Driver
“Growing Penetration of Smartphones and Smart Wearables”
The global rise in smartphone users, coupled with increased usage of smartwatches, fitness bands, and other portable electronics, has fueled the consistent demand for external battery packs
Power banks serve as a critical backup solution for users relying on constant connectivity, especially in remote or travel-heavy environments
With emerging markets witnessing an uptick in mobile internet and device ownership, the dependency on portable charging solutions is rapidly increasing
For instance, according to GSMA, smartphone adoption in Sub-Saharan Africa is projected to reach 75% by 2025, making it a key driver for power bank sales
This surge in connected devices is expected to significantly boost power bank demand in the coming years
Opportunity
“Integration of Solar and Eco-Friendly Power Banks”
The growing consumer awareness toward sustainability and energy efficiency has opened new opportunities for solar-powered and environmentally friendly power banks.
These devices harness renewable solar energy, reducing dependency on grid electricity, and are ideal for outdoor enthusiasts, travelers, and emergency kits
With global efforts aimed at reducing carbon footprints, solar power banks offer a viable and eco-conscious alternative
For instance, in July 2024, RAVPower introduced a solar-powered fast-charging power bank designed with recycled materials and biodegradable packaging
This green innovation trend is expected to unlock new market segments and support long-term brand differentiation
Restraint/Challenge
“Safety Risks and Regulatory Hurdles for Air Travel”
One of the major challenges in the power bank market is the concern over safety risks, such as overheating, short-circuiting, and fire hazards, especially with low-quality or counterfeit products
In addition, strict airline regulations on carrying lithium-ion power banks—such as watt-hour limits and in-cabin restrictions—can hinder product adoption among frequent travelers
Manufacturers must comply with global safety standards and certifications to ensure product reliability and consumer trust
For instance, in 2023, several airlines updated their policies, prohibiting unbranded or high-capacity power banks without certification from being carried on board
These regulatory and safety concerns present a significant barrier, especially for new entrants or budget-focused brands in the market
Power Bank Market Scope
The market is segmented on the basis of capacity, type, port, battery, unit of USB port, USB type, indicator, price range, application, and distribution channel.
Segmentation
Sub-Segmentation
By Capacity
1000-5000 M.A.H
5001-10000 M.A.H.
10001-15000 M.A.H.
15001-20000 M.A.H.
Above 20001 M.A.H.
By Type
Portable
USB Plugin
Solar
Electric
By Port
Single
Multiple
By Battery
Lithium-Ion Battery
Lithium Polymer Battery
By Unit of USB Port
1 USB Port
2 USB Ports
More than 2 USB Ports
By USB Type
Type A
Type B
Type C
By Indicator
LED Lighting
Digital Display
By Price Range
Low
Medium
Premium
By Application
Smart
Phone
Tablet
Laptop
Portable Media Device
Wearable Device
Digital Camera
Others
By Distribution Channel
Online
Offline
In 2025, the electric is projected to dominate the market with a largest share in type segment
The electric segment is expected to dominate the power bank market with the largest share of 73.11% in 2025due to surging demand for smartphones, laptops, and wearable electronics, which require frequent recharging and efficient portable power solutions.
The lithium-ion battery is expected to account for the largest share during the forecast period in batterysegment
In 2025, the lithium-ion battery segment is expected to dominate the market with the largest market share of 81.31% due to high energy density and lightweight design, which make lithium-ion batteries ideal for compact, high-capacity power banks used in consumer electronics.
Power Bank Market Regional Analysis
“Asia-Pacific Holds the Largest Share in the Power Bank Market”
Asia-Pacific is expected to dominate the power bank market with the largest market share of 51.11%, driven by its high smartphone penetration, large consumer base, and rapid urbanization, particularly in countries such as China, India, and Japan
Manufacturing dominance, especially in China, which is home to several key battery and electronic component manufacturers, significantly boosts the region's market share
Increased adoption of digital devices and mobile internet usage drives sustained demand for portable charging solutions across both urban and rural areas
“North America is Projected to Register the Highest CAGR in the Power Bank Market”
The North America region is expected to witness the highest growth rate in the power bank market, driven by rising adoption of high-capacity electronic devices, such as laptops, tablets, and smartphones
Increasing focus on technological innovation, including the development of solar-powered and wireless power banks, contributes to market expansion across the region
Growth in remote work trends and frequent travel in countries such as the U.S. and Canada further accelerates the need for reliable portable charging solutions
Power Bank Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
The Major Market Leaders Operating in the Market Are:
In December 2024, Xiaomi Corporation introduced its Ultra Slim Power Bank, equipped with a 4,900 mAh battery and offering 20W fast charging for both Android and iOS devices, along with 18W input support for rapid recharging, featuring a sleek 10 mm profile, making it one of the thinnest power banks on the market; this launch is expected to strengthen Xiaomi’s position in the portable power segment
In December 2024, Lenovo Group unveiled its Yoga Air magnetic power banks in China with MagSafe compatibility, available in compact capacities of 3,000 mAh and 5,000 mAh, designed for lightweight portability and currently limited to the Chinese market; this move could pave the way for a potential global rollout of Lenovo's mobile accessories
In June 2024, Honor Device Co., Ltd. released the Honor JOWAY 66W SuperCharge Power Bank in China in two variants—12,000 mAh and 20,000 mAh—with the ability to fast-charge two devices at once using 66W output; this highlights Honor's commitment to high-performance charging solutions
In October 2023, Yard Force launched the LX PB21 Solar Power Bank, a compact, lightweight, and award-winning device capable of charging phones, cameras, and tablets for up to 14 hours solely through solar energy; this innovation reflects Yard Force’s sustainability-driven approach in the consumer electronics market
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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