- 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
