Power Banks - Global Strategic Business Report

The global market for Power Banks was valued at US$13.1 Billion in 2024 and is projected to reach US$24.9 Billion by 2030, growing at a CAGR of 11.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Power Banks market.

Global Power Banks Market - Key Trends & Drivers Summarized

What Are Power Banks and How Have They Become a Modern Necessity?

Power banks are portable devices designed to recharge electronic gadgets on-the-go, particularly smartphones, tablets, and laptops. These compact, rechargeable batteries have become indispensable in our increasingly digital world where maintaining a powered device is critical for connectivity and productivity. Typically, power banks store electrical energy through a USB or wireless charging system and then transfer it to a device via a corresponding output cable. The capacity of power banks is measured in milliampere-hours (mAh), with higher values indicating a larger storage capability, thereby providing more charges or serving multiple devices before needing a recharge. Over the years, advancements in battery technology such as lithium-ion and lithium-polymer have enhanced the efficiency, durability, and speed of charging, making power banks more reliable and faster.

How Has Technology Enhanced the Functionality of Power Banks?

Technological advancements have significantly impacted the design and functionality of power banks. Modern power banks come with features such as fast charging, high-density batteries, and even solar charging panels to enhance their utility and appeal. Fast charging technologies, such as Qualcomm’s Quick Charge or USB-C Power Delivery (PD), allow devices to be charged in significantly less time, aligning with the hectic pace of modern lifestyles. Moreover, the integration of smart technology allows power banks to adjust the output based on the connected device, optimizing the charging process to prevent overcharging and prolonging the life of both the battery and the devices. Additionally, some power banks now feature wireless charging capabilities, enabling users to charge devices without the need for cables, thereby providing greater convenience and supporting the growing trend towards wireless technology.

What Trends Are Influencing Power Bank Designs and Market Preferences?

The power bank market is influenced by several trends, most notably the shift towards more sustainable and efficient designs. As consumers become more environmentally conscious, there is a growing demand for power banks made from eco-friendly materials and those offering solar charging capabilities. This trend is supported by the improvement in solar panel efficiencies and the compact nature of newer photovoltaic cells that can be integrated into the design of power banks. Another trend is the increasing dependency on smartphones and other portable electronic devices, which has driven demand for ultra-compact, lightweight power banks that are easy to carry daily. The aesthetic aspect of power banks is also becoming a decisive factor in consumer choices, with manufacturers offering a range of colors, textures, and forms to appeal to a style-conscious market.

What Drives the Growth of the Power Bank Market?

The growth in the power bank market is driven by several factors, including the rapid proliferation of portable electronic devices, increasing travel and mobility, and the necessity for continuous connectivity. The widespread adoption of smartphones across various demographics necessitates extended battery life, especially in regions with unreliable power infrastructure. Additionally, the modern lifestyle, characterized by frequent travel and prolonged periods away from conventional power sources, has bolstered the need for portable power solutions. Technological innovations that have led to more compact, high-capacity, and multi-functional power banks also contribute significantly to market expansion. Furthermore, consumer behavior has shifted towards prioritizing devices that enhance convenience and are aligned with a digital, mobile-first lifestyle. As a result, the power bank market continues to grow, fueled by these technological, social, and economic drivers, making it a vital component of today's mobile ecosystem.

Report Scope

The report analyzes the Power Banks market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Battery Type (Lithium Ion, Lithium Polymer); Capacity (Upto 3,000 mAh, 3,001 - 8,000 mAh, 8,001 mAh -20,000 mAh, Above 20,000 mAh); Application (Smartphones, Tablets, Other Applications).

Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Lithium Ion segment, which is expected to reach US$17.8 Billion by 2030 with a CAGR of a 10.8%. The Lithium Polymer segment is also set to grow at 12.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $2.7 Billion in 2024, and China, forecasted to grow at an impressive 12.6% CAGR to reach $4.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Power Banks Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Power Banks Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Power Banks Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Huawei Technologies Co., Ltd., Belkin international, Inc., Best IT World (India) Pvt., Ltd. - iBall, ADATA Technology Co., Ltd., Duracell, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 93 companies featured in this Power Banks market report include:

• Huawei Technologies Co., Ltd.
• Belkin international, Inc.
• Best IT World (India) Pvt., Ltd. - iBall
• ADATA Technology Co., Ltd.
• Duracell, Inc.
• GadgeTek Inc.
• Ambrane India Pvt., Ltd.
• Griffin Technology, Inc.
• GPI International Ltd.
• Anker Technology (UK) Ltd.
• Goal Zero LLC
• HONOR
• Cygnett
• Giovannoni Design Srl
• HDE Trading Limited

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry