Power Bank Market 2025: Size, Growth, Key Players, Opportunity and Forecast to 2033

IMARC Group, a leading market research company, has recently releases report titled “Power Bank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033,” The study provides a detailed analysis of the industry, including the global power bank market share, size, growth, trends and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the power bank market?

The global power bank market size reached USD 12.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.3 Billion by 2033, exhibiting a growth rate (CAGR) of 6.1% during 2025-2033.

Factors Affecting the Growth of the Power Bank Industry:

• Surge in Mobile Device Penetration and On-the-Go Charging Needs:

The rising use of smartphones, tablets, and other portable devices has boosted the global demand for power banks. As mobile devices play a bigger role in our lives—like for communication, entertainment, work, and navigation—battery usage has surged. But battery technology hasn't kept up with processing power and user habits, causing batteries to drain faster and creating a constant need for extra charging options. This has driven growth in the power bank market, especially in cities with many mobile users. Additionally, the popularity of mobile gaming, video streaming, and social media—which use a lot of energy—has increased the need for high-capacity, fast-charging power banks. The rise of gig and remote work also fuels this demand, as workers often need power while on the go or in places without reliable outlets. In response, manufacturers are making lighter, slimmer, and more efficient power banks that offer quick charging, wireless output, and multiple ports.

• Advancements in Battery Technology and Product Innovation:

Battery technology is crucial in shaping the power bank market. Recent advances in lithium-ion and lithium-polymer batteries have led to power banks that are smaller, lighter, and more efficient. These changes meet consumer demands for portability and quick charging. Product innovation has also enhanced modern power banks. Many now offer features like USB-C Power Delivery (PD), Quick Charge (QC) support, solar charging panels, LED indicators, and wireless charging. Some even include built-in cables or AC adapters. These features make power banks more useful for a wide range of users, from travelers and outdoor lovers to business professionals and students. Eco-conscious consumers have driven the rise of eco-friendly power banks, made from sustainable materials or with solar capabilities. Manufacturers are competing to stand out, increasing investment in research and development. This results in premium products at competitive prices.

• Regional Expansion and E-Commerce Driving Market Accessibility:

The global growth of e-commerce and better logistics has made power banks easier to find, especially in developing regions. Countries in Asia-Pacific, Latin America, and Africa are seeing more people adopt smartphones. They also face challenges like frequent power outages and unreliable electricity. This situation boosts the need for power banks, especially in rural and semi-urban areas. Mid-range power banks are now affordable for lower-income consumers. Chinese manufacturers are key players, making quality devices at low costs. E-commerce sites like Amazon, Flipkart, Jumia, and Alibaba help consumers find a wide range of power banks. They offer various features and price points, along with customer reviews that help buyers decide.

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Power Bank Market Report Segmentation:

Breakup by Product Type:

• Portable Power Banks
• Solar Power Banks
• Battery Cases

Breakup by Battery Type:

• Lithium-Ion
• Lithium-Polymer

Breakup by Power Rating:

• Below 3,000 mAh
• 3,001 mAh – 8,000 mAh
• 8,001 mAh – 20,000 mAh
• Above 20,000 mAh

Breakup by Application:

• Smartphones
• Tablets
• Portable Media Devices
• Others

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Global Power Bank Market Trends:

The power bank market is expanding rapidly. This growth stems from changing lifestyles, new technology, and improved digital infrastructure. A major trend is the increasing use of mobile devices like smartphones, tablets, wearables, and wireless earbuds. These devices drain batteries quickly, raising the need for portable chargers. Consumers are more mobile, often traveling for work or social events. They seek constant connectivity. This demand drives the need for high-capacity, fast-charging, and multi-port power banks that can charge multiple devices at once. Another important trend is the rise of advanced battery technologies. Lithium-polymer and lithium-ion batteries make power banks lighter, smaller, and more efficient. Innovations like USB-C Power Delivery (PD), Quick Charge (QC), and wireless charging are becoming standard features. These enhancements improve convenience and significantly cut charging times.

Who are the key players operating in the industry?

The report covers the major market players including:

• Beijing Xiaomi Technology Co. Ltd.
• Lenovo Group Ltd.
• Microsoft Corporation
• Panasonic Corporation
• Sony Corporation
• Adata Technology Co., Ltd.
• Asustek Computer Inc.
• Ambrane India Pvt. Ltd.
• Anker Technology Co. Ltd.
• Intex Technologies (India) Ltd.
• OnePlus Technology (Shenzhen) Co. Ltd.
• UNU Electronics Inc.
• Samsung SDI Co. Ltd.

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