Power Bank Market Report 2025

This Power Bank report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The power bank market size has grown rapidly in recent years. It will grow from $18.59 billion in 2024 to $20.56 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to growth in mobile devices and smartphones, demand for portable and backup power solutions, expansion of travel and outdoor activities, use in emergency and disaster preparedness, regulatory standards for battery safety.

The power bank market size is expected to see rapid growth in the next few years. It will grow to $33.1 billion in 2029 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to high-capacity and fast-charging power banks, growth in electric scooter and bike charging, customized power banks for specific devices, expansion in solar and wireless charging power banks, increased use in wearables and iot devices. Major trends in the forecast period include regulatory compliance in power bank safety and standards, smart and iot-enabled power banks, sustainable and eco-friendly power bank solutions, personalized power banks for specific user needs, transparency in battery sourcing and recycling, integration of power banks in outdoor adventure gear.

The substantial increase in urban populations has led to a growing demand for smartphones and tablets globally, resulting in a heightened need for power banks to charge these devices. For instance, a report published in December 2023 by UN Trade and Development, a Switzerland-based intergovernmental organization within the United Nations Secretariat, highlighted that urbanization has significantly accelerated in developing economies over the past decade, particularly in Asia and Oceania, where the urbanization rate rose from 44% to 50.6% by 2022. Consequently, this dramatic rise in urban populations is expected to drive revenues for the power bank market throughout the forecast period.

The growth of the power bank market is further fueled by the widespread availability of mobile devices. The ubiquitous presence of mobile devices and the reliance on them, especially for social media usage, has created a consistent demand for reliable charging solutions. As per Oberlo's statistics, global smartphone users are estimated at 6.6 billion, with a 4.9% annual increase. In the United States alone, there are 294.15 million smartphone users, constituting nearly 85% of American adults. This proliferation of mobile devices is a driving force behind the increasing demand for power banks.

An emerging trend in the power bank market is the advent of wireless power banks, signaling potential expansion in the future. These devices offer a touchless charging experience, faster charging, and the convenience of multiple charging options without the need for extra cables. Brands like Samsung, Xiaomi, Ambrane, and others are investing in manufacturing wireless chargers. In October 2022, Stuffcool, an India-based company, introduced a Made in India 15W wireless charging power bank with a 20W PD wired output, featuring a lightweight design, LED indicator, micro-USB and USB Type-C charging ports.

Major companies in the power bank market are strategically collaborating to develop innovative solutions and expand their reach. Tempt, an India-based audio technology and lifestyle accessories brand, announced a partnership with Staunch Electronics India in June 2023. This collaboration aims to localize the production of Tempt power banks in India, contributing to the country's manufacturing sector and enhancing the local supply chain.

In February 2024, Northern, a UK-based train operator offering regional rail services, partnered with Joos to enhance traveler convenience by providing portable power bank rentals. This collaboration allows users to borrow a charger at one station and return it at another, addressing the rising demand for charging solutions within the transportation sector. As passengers increasingly rely on mobile devices for digital tickets and various services, this initiative aims to meet their charging needs effectively. Joos is a Germany-based provider of charging solutions.

Major companies operating in the power bank market include Ambrane India Pvt. Ltd., ADATA Technology Co. Ltd., Anker Innovations Technology Co. Ltd., AsusTeK Computer Inc., Griffin Technologies Inc., Intex Technologies india Ltd., Lenovo Group Ltd., Panasonic Corporation., Rav Power And Infra (India) Private Limited, Sony Corporation., Xiamoi Corporation., Aukey Technology Co. Ltd., Dell Technologies Inc., Duracell Inc., Changsha Meng Tuo Electronic Commerce Co. Ltd., iWALK Global Co Ltd., Microsoft Corporation, myCharge, OmniCharge Inc., Syska led lights Pvt Ltd., TP-Link Technologies Co. Ltd., Uimi Technology Pvt. Ltd., OnePlus Technology Co. Ltd., UNU Electronics Inc., Samsung SDI Co Ltd., Belkin International Inc., Zendure Deutschland., Jackery Inc., Shenzhen Value in Action Technology Co.Ltd., Poweradd, Tylt Inc., ROMOSS Technology Co. Ltd, Maxell Holdings Ltd., GP Batteries International Limited, Toshiba Corporation., Huawei Technologies Co. Ltd., ZTE Corporation, LG Electronics Inc., HP Inc., Acer Inc.

The Asia-Pacific was the largest region in the power bank market in 2024. The regions covered in the power bank market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the power bank market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

A power bank is a portable charging device designed to enable users to charge their smartphones, laptops, tablets, and other USB-enabled media devices. These power banks can be conveniently reused multiple times by simply recharging them. The market offers various types of power banks, including standard ones that can be charged using a regular USB port and solar power banks that utilize sunlight for charging, featuring photovoltaic panels.

The primary battery types employed in power banks are lithium-ion and lithium polymer. Lithium polymer batteries are rechargeable and utilize a soft polymer case to encase the lithium-ion battery. In comparison, lithium polymer power banks are known for their compactness and lightweight nature. Lithium-ion batteries, also rechargeable, leverage lithium ions for ion movement between the negative and positive electrode components of their electrolyte. These batteries boast high voltage capacity and charge storage per unit mass and volume. Power banks are available across various price ranges, categorized as low, medium, and high. These versatile devices serve the purpose of charging various gadgets, including smartphones, tablets, digital cameras, laptops, and more. Power banks are accessible to customers through different sales channels, encompassing both online and offline platforms.

The power bank market research report is one of a series of new reports that provides power bank market statistics, including power bank industry global market size, regional shares, competitors with a power bank market share, detailed power bank market segments, market trends and opportunities, and any further data you may need to thrive in the power bank industry. This power bank market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The power bank market consists of sales of lithium polymer (Li-Polymer) power banks and lithium ion (Li-Ion) power banks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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