The global power bank market is expected to grow at a CAGR of 9.28%, reaching a market size of US$24.770 billion in 2029 from US$15.897 billion in 2024.
The quintessential accessory that today’s consumers cannot avoid is a portable power storage device. This device is utilized for charging rechargeable batteries, which are essential components of various electronic devices such as cell phones, wearable devices, and specialized equipment like proprietary GPS-enabled devices used in geological surveys. It can draw power from conventional or solar sources. Power banks are primarily designed to allow users to take advantage of all the conveniences offered by the Internet and to guarantee that they can obtain emergency services should the need arise without battery loss.
Moreover, the growing number of smartphones can be linked to consumers' evolving lifestyles. This is probably going to continue to be a major market-moving factor worldwide. Furthermore, consumers can refuel tablets, smartphones, and other media devices with USB ports by using power banks. The demand for power banks has increased despite the rapid advancement of technology in tablets and smartphones. These devices still have limited capacity in their batteries. Smartphones are becoming more and more applications, from online shopping to food ordering, but their small capacity batteries are not keeping up with the demand.
Moreover, Li-ion batteries' high voltage makes them ideal for applications in personal computers and tablets. As a result, demand for Li-ion power banks is expected to remain strong. Hence, this segment is expected to grow at a higher rate during the forecast period of the global power bank market.
The quintessential accessory that today’s consumers cannot avoid is a portable power storage device. This device is utilized for charging rechargeable batteries, which are essential components of various electronic devices such as cell phones, wearable devices, and specialized equipment like proprietary GPS-enabled devices used in geological surveys. It can draw power from conventional or solar sources. Power banks are primarily designed to allow users to take advantage of all the conveniences offered by the Internet and to guarantee that they can obtain emergency services should the need arise without battery loss.
Moreover, the growing number of smartphones can be linked to consumers' evolving lifestyles. This is probably going to continue to be a major market-moving factor worldwide. Furthermore, consumers can refuel tablets, smartphones, and other media devices with USB ports by using power banks. The demand for power banks has increased despite the rapid advancement of technology in tablets and smartphones. These devices still have limited capacity in their batteries. Smartphones are becoming more and more applications, from online shopping to food ordering, but their small capacity batteries are not keeping up with the demand.
Global Power Bank Market Drivers:
- Increasing demand for Li-Polymer (Lithium Polymer) battery
Moreover, Li-ion batteries' high voltage makes them ideal for applications in personal computers and tablets. As a result, demand for Li-ion power banks is expected to remain strong. Hence, this segment is expected to grow at a higher rate during the forecast period of the global power bank market.
Global Power Bank Market Geographical Outlook
- The Asia Pacific is witnessing exponential growth during the forecast period
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The Global Power Bank market is segmented and analyzed as follows:
- By Type
- Lithium-Ion (Li-Ion) Battery
- Lithium Polymer (Li-Polymer) Battery
- By Application
- Digital Camera
- Laptop
- Portable Media Device
- Smart Phone
- Tablet
- Wearable Device
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- United Arab Emirates
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Indonesia
- Thailand
- Taiwan
- Others
- North America
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. GLOBAL POWER BANK MARKET BY TYPE
6. GLOBAL POWER BANK MARKET BY APPLICATION
7. GLOBAL POWER BANK MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
Some of the key companies profiled in this Global Power Bank Market report include:- ADATA Technology Co.
- Ambrane India Pvt Ltd
- Berkshire Hathaway (Duracell Inc.)
- INCIPIO (Griffin Technology)
- Huawei Device Co., Ltd.
- Lenovo
- Panasonic Corporation
- Sony Corporation
- Syska
- Philips
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 135 |
Published | September 2024 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 15.9 billion |
Forecasted Market Value ( USD | $ 24.77 billion |
Compound Annual Growth Rate | 9.2% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |