Power Bank Market Insights: Size, Share, Growth Analysis & Forecast (2025-2030)Â
The market report offers a detailed analysis segmented by Charging Mode (Wired, Wireless); by Application (Smartphones and Tablets, Cameras, Laptops, Others); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).
Outlook
- The power bank market is estimated to be at USD 18,573.31 Mn in 2025 and is anticipated to reach USD 26,740.67 Mn in 2030.
- The power bank market is registering a CAGR of 7.56% during the forecast period 2025-2030.
- The power bank market is experiencing steady growth due to increasing mobile device usage, remote work trends, and demand for portable charging solutions. Innovations like AI-powered charging, graphene batteries, and eco-friendly solar options are reshaping the market. However, quality concerns, regulatory inconsistencies, and competition from alternative charging solutions present challenges. Overall, the market is poised for expansion, driven by consumer demand for reliable, sustainable, and advanced power sources.
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Ecosystem
- The participants in the global power bank industry are always developing their strategies to preserve a competitive advantage.
- Companies are differentiating by integrating fast charging, AI-powered smart charging, and eco-friendly options like solar power. Innovation in materials, such as graphene-based power banks, is a key strategy for premium brands to capture tech-savvy customers.
- Several important entities in the power bank market include Xiaomi Corp.; Lenovo Group Ltd.; Panasonic Group; Koninklijke Philips N.V.; Sony Group; and others.
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Findings
| Attributes | Values |
|---|---|
| Historical Period | 2019-2023 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Market Size (2025) | USD 18,573.31 Mn |
| Market Size (2030) | USD 26,740.67 Mn |
| Growth Rate | 7.56% CAGR from 2025 to 2030 |
| Key Segments | Charging Mode (Wired, Wireless); Application (Smartphones and Tablets, Cameras, Laptops, Others); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa) |
| Key Vendors | Xiaomi Corp.; Lenovo Group Ltd.; Panasonic Group; Koninklijke Philips N.V.; Sony Group |
| Key Countries | The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa |
| Largest Market | Asia Pacific |
Trends
- Use of Graphene-based Power Banks: Manufacturers explore graphene-based technology to create ultra-fast charging power banks, which offer superior conductivity and durability compared to lithium-ion batteries. These power banks can achieve full charge in a few minutes, which provides rapid energy storage ideal for on-the-go use. The Elecjet Apollo Ultra power bank uses a graphene composite battery, allowing it to charge fully in just under 27 minutes, significantly faster than traditional lithium-ion power banks.
- Development of Solar-Powered and Eco-Friendly Options: Solar power banks with efficient photovoltaic cells enable users to charge devices sustainably by harnessing solar energy, that feature is appealing to environmentally conscious consumers. Models now incorporate foldable solar panels, which allow them to charge efficiently in direct sunlight. For example, the Anker PowerCore Solar 20000 power bank features a built-in solar panel that allows users to recharge it using solar energy, which makes it ideal for outdoor enthusiasts and eco-conscious consumers.
- Incorporation of AI-powered Smart Charging: Some power banks are equipped with artificial intelligence (AI) to recognize connected devices and automatically adjust power output, optimizing battery health and charging speed. This prevents overcharging and overheating, which ensures the safety of connected devices. Xiaomi’s Mi Power Bank 3 Pro power bank uses intelligent charging technology to detect the connected device and adjust the power output accordingly.
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Catalysts
- Rapidly Increasing Demand for Portable Devices: The surge in portable devices like smartphones, tablets, wireless earbuds, and wearables has increased demand for power banks as consumers seek reliable charging solutions on the go. With smartphones becoming essential for daily activities like work, navigation, and entertainment, the need for portable charging solutions has grown.
- Growing E-commerce Sales Worldwide: E-commerce platforms like Amazon, Alibaba, and Flipkart have facilitated easier access to power banks for consumers globally, driving higher sales. With a wide variety of options available online and attractive discounts, customers increasingly purchase power banks through online channels. This shift has enabled manufacturers to reach larger audiences, which has increased power bank adoption rates globally.
- Rising Outdoor and Travel Activities: The growing popularity of outdoor activities like hiking, camping, and international travel has bolstered the demand for durable, high-capacity power banks. For example, RAVPower as well as Anker offer rugged power banks designed for outdoor use, which appeals to campers and travelers who need reliable power in remote areas without access to electrical outlets.
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Restraints
- Launch of Poor-Quality Power Banks: The market is flooded with low-quality, inexpensive power banks from unverified manufacturers, which lead to frequent issues like overheating, rapid battery degradation, and even safety hazards such as fires and explosions. These unreliable products erode consumer trust, which makes users cautious about purchasing power banks from unfamiliar brands. For instance, reports of overheating in low-cost power banks have increased, pushing consumers to seek trusted brands but impacting overall market growth as quality concerns arise.
- Competition from Alternative Charging Solutions: As device manufacturers incorporate longer-lasting batteries and fast charging capabilities, the demand for power banks may face pressure. Advanced technologies such as portable solar chargers, charging cases, and even kinetic chargers provide alternatives to power banks. For example, newer smartphone models from brands like Apple and Samsung are designed with enhanced battery optimization, which reduces the need for external power sources in daily use, which could impact long-term demand.
- Environmental Concerns and Disposal Issues: Power banks, especially those with lithium-ion batteries, pose significant environmental concerns due to e-waste and limited recycling options. Disposing of these products improperly can lead to environmental pollution, as batteries contain chemicals harmful to ecosystems. The lack of effective recycling methods and growing e-waste regulations in some regions challenge manufacturers to innovate with more sustainable materials and practices, potentially increasing production costs.
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Table of Contents
| 1.       Introduction 1.1.    Research Methodology 1.2.    Scope of the Study 2.       Market Overview / Executive Summary 2.1.    Global Power Bank Market (2019 – 2023) 2.2.    Global Power Bank Market (2024 – 2030) 3.       Market Segmentation 3.1.    Global Power Bank Market by Charging Mode 3.1.1. Wired 3.1.2. Wireless 3.2.    Global Power Bank Market by Application 3.2.1. Smartphones and Tablets 3.2.2. Cameras 3.2.3. Laptops 3.2.4. Others 4.       Regional Segmentation 4.1.    North America 4.1.1. The US 4.1.2. Canada 4.1.3. Mexico 4.2.    South America 4.2.1. Brazil 4.2.2. Argentina 4.2.3. Colombia 4.2.4. Chile 4.2.5. Rest of South America 4.3.    Asia Pacific 4.3.1. China 4.3.2. India 4.3.3. Japan 4.3.4. South Korea 4.3.5. Rest of Asia Pacific 4.4.    Europe 4.4.1. The UK 4.4.2. Germany 4.4.3. Italy 4.4.4. France 4.4.5. Spain 4.4.6. Rest of Europe 4.5.    The Middle East 4.5.1. Turkey 4.5.2. UAE 4.5.3. Saudi Arabia 4.5.4. Rest of the Middle East 4.6.    Africa 4.6.1. Egypt 4.6.2. South Africa 4.6.3. Rest of Africa 5.       Value Chain Analysis of the Global Power Bank Market 6.       Porter Five Forces Analysis 6.1.    Threats of New Entrants 6.2.    Threats of Substitutes 6.3.    Bargaining Power of Buyers 6.4.    Bargaining Power of Suppliers 6.5.    Competition in the Industry 7.       Trends, Drivers and Challenges Analysis 7.1.    Market Trends 7.1.1.    Market Trend 1 7.1.2.    Market Trend 2 7.1.3.    Market Trend 3 7.2.    Market Drivers 7.2.1.    Market Driver 1 7.2.2.    Market Driver 2 7.2.3.    Market Driver 3 7.3.    Market Challenges 7.3.1.    Market Challenge 1 7.3.2.    Market Challenge 2 7.3.3.    Market Challenge 3 8.       Opportunities Analysis 8.1.    Market Opportunity 1 8.2.    Market Opportunity 2 8.3.    Market Opportunity 3 9.       Competitive Landscape 9.1.    Xiaomi Corp. 9.2.    Lenovo Group Ltd. 9.3.    Panasonic Group 9.4.    Koninklijke Philips N.V. 9.5.    Sony Group 9.6.    Company 6 9.7.    Company 7 9.8.    Company 8 9.9.    Company 9 9.10.  Company 10 |
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Power Bank Market – FAQs
1. What is the current size of the power bank market?
Ans. In 2025, the power bank market size is USD 18,573.31 Mn.
2. Who are the major vendors in the power bank market?
Ans. The major vendors in the power bank market are Xiaomi Corp.; Lenovo Group Ltd.; Panasonic Group; Koninklijke Philips N.V.; Sony Group.
3. Which segments are covered under the power bank market segments analysis?
Ans. The power bank market report offers in-depth insights into Charging Mode, Application, and Geography.