Power Bank Market is Segmented by Capacity Range (Up To 3, 000 MAh, 3, 001 - 8, 000 MAh, 8, 0001 - 20, 000 MAh, and More), Charging Technology (Wired, Wireless), Application (Smartphones and Tablets, Laptops and Gaming Consoles, and More), Distribution Channel (Online and Offline), and by Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global power bank Market was valued at $14.34 B in 2023, and is projected to reach $USD 29.15 B by 2032, at a CAGR of 8.2% from 2023 to 2032.

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. The increasing adoption of remote working models, rising use by gaming enthusiasts, and the growing number of photographers who require extra battery power for their cameras are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the global power bank market report, along with forecasts at the global and regional levels for 2025-2033. Our report has categorized the market based on product type, battery type, power rating, and application.

The size of the global power bank market is expected to grow between 2021 and 2028. In 2022, the revenue of such market stood at almost ** billion U.S. dollars and it is forecast to increase to **** billion U.S. dollars by 2028.

In 2023, the India Power Bank Market reached a value of USD 151.12 million, and it is projected to surge to USD 188.97 million by 2030.

Power Bank Market Outlook

According to our latest research, the global power bank market size reached USD 13.2 billion in 2024. The market is experiencing robust momentum and is expected to expand at a CAGR of 8.1% during the forecast period. By 2033, the power bank market is projected to attain a value of USD 24.8 billion. This growth is primarily fueled by the increasing penetration of smartphones and other portable electronic devices, which has significantly elevated the demand for reliable and efficient power backup solutions worldwide.

One of the most prominent growth drivers for the power bank market is the exponential rise in smartphone adoption across both developed and developing economies. As mobile devices become integral to daily life for communication, entertainment, and productivity, the need for accessible and portable charging solutions has soared. The trend is further amplified by the proliferation of high-performance devices with power-intensive features, such as large displays, advanced processors, and 5G connectivity, which drain batteries faster than ever. Power banks have thus become indispensable accessories for consumers seeking uninterrupted device usage, particularly in regions with inconsistent access to electrical outlets or during travel. The increasing frequency of business and leisure travel has also contributed to the surging demand for power banks, as users require convenient charging options on the go.

Another significant factor propelling the power bank market is technological innovation and product diversification. Manufacturers are continually introducing advanced power banks equipped with features such as fast charging, wireless charging, and multiple output ports to cater to a diverse consumer base. The integration of USB Type-C, Quick Charge, and Power Delivery (PD) technologies has further enhanced charging efficiency and compatibility with a wider range of devices. Additionally, the advent of solar-powered and eco-friendly power banks is attracting environmentally conscious consumers, while compact and lightweight designs are appealing to urban users with active lifestyles. These innovations are not only expanding the market’s reach but also intensifying competition, driving companies to invest in research and development to maintain a competitive edge.

The expanding ecosystem of connected devices, including tablets, wearables, and laptops, is also contributing to the sustained growth of the power bank market. As the number of devices per user increases, so does the need for versatile and high-capacity power banks capable of charging multiple gadgets simultaneously. The rise of remote work and online learning has further underscored the importance of power banks, as consumers seek uninterrupted connectivity for extended periods. Moreover, the growing popularity of outdoor activities, such as camping and hiking, has created niche demand for rugged and high-capacity power banks that can withstand harsh environments. These evolving use cases are broadening the market’s scope and creating new avenues for product differentiation.

From a regional perspective, Asia Pacific continues to dominate the power bank market, accounting for the largest share in 2024. This dominance is attributed to the region’s massive population base, rapid urbanization, and high smartphone penetration rates, especially in countries like China, India, and Southeast Asian nations. North America and Europe also represent significant markets, driven by advanced consumer electronics adoption and a strong emphasis on technological innovation. Meanwhile, Latin America and the Middle East & Africa are emerging as high-growth regions, supported by improving digital infrastructure and increasing mobile device usage. The regional landscape is characterized by varying consumer preferences, regulatory environments, and distribution networks, necessitating tailored strategies for market players to capitalize on growth opportunities.

Product Type Analysis

The power bank market is segmented by product type into portable p

High Capacity Power Bank Market Outlook

The high capacity power bank market size was valued at approximately USD 15 billion in 2023 and is anticipated to reach USD 27 billion by 2032, expanding at a compound annual growth rate (CAGR) of around 7%. This significant growth is primarily driven by the increasing demand for portable electronic devices, which necessitates reliable and long-lasting power sources. As consumers continue to rely heavily on smartphones, tablets, and other gadgets for daily activities, the need for effective power solutions such as high capacity power banks is expected to rise. This growth is further fueled by technological advancements in battery technology, making these devices more efficient and longer-lasting.

A major growth factor for the high capacity power bank market is the rapid proliferation of smart devices across the globe. The increasing penetration of smartphones and tablets, coupled with consumers' desire for extended device usage without frequent charging, underscores the demand for high capacity power banks. Additionally, the continuous innovation in electronic gadgets with power-intensive applications such as gaming, photography, and video streaming calls for robust power solutions, which power banks provide. With the advent of 5G technology, there has been a notable increase in power consumption by mobile devices, further enhancing the need for high capacity power banks among consumers.

Another crucial factor driving market growth is the trend towards remote working and learning, which has been accelerated by the global pandemic. With more people working and studying from home, or even on the go, the reliance on portable electronic devices has skyrocketed. This shift has resulted in an increased demand for power banks, particularly those with high capacity, to ensure that devices remain charged and operational throughout the day. Moreover, as travel restrictions ease and tourism rebounds, the use of power banks by travelers is expected to surge, contributing to the market's growth trajectory.

Technological advancements in battery technology have also played a pivotal role in propelling the high capacity power bank market. The development of more efficient and durable batteries, such as lithium-ion and lithium-polymer, has enabled manufacturers to produce power banks that are not only lightweight and portable but also capable of storing more energy. This has made high capacity power banks more appealing to consumers, as they can recharge multiple devices multiple times before needing to be recharged themselves. Furthermore, the incorporation of features such as fast charging technology and wireless charging capabilities adds value to these products, attracting a wider consumer base.

Regionally, the market is seeing varied growth trends. North America and Europe are mature markets with steady growth, driven by high consumer electronics adoption rates and the presence of major manufacturers. In contrast, the Asia Pacific region is witnessing explosive growth due to the rapid adoption of smartphones and increasing disposable income levels. Emerging markets in Latin America and the Middle East & Africa are also showing promising potential as consumer awareness and technological infrastructure improve. The diverse regional dynamics present unique opportunities and challenges for market players aiming to expand their footprint globally.

Capacity Analysis

The high capacity power bank market is segmented by capacity, notably into three categories: 10,000-20,000 mAh, 20,001-30,000 mAh, and above 30,000 mAh. The 10,000-20,000 mAh segment remains the most popular among consumers due to its balanced features of portability and sufficient power capacity. These power banks are ideal for charging smartphones and small tablets multiple times, which meets the needs of the average consumer. Additionally, this segment benefits from a wide range of product offerings and competitive pricing, making it the go-to choice for users looking for convenience and reliability.

The 20,001-30,000 mAh segment is gaining traction, particularly among tech-savvy users and professionals who require more power to charge multiple devices simultaneously or power larger devices like laptops. This segment appeals to users who prioritize performance and longevity over portability. The increasing availability of laptops and tablets that require more substantial power supplies has driven demand in this segment. Manufacturers are responding to this demand by developing power banks that are not only high capacity but also feature advanced functionalities li

The Power Bank Market size was valued at USD 17.78 billion in 2023 and is projected to reach USD 31.07 billion by 2032, exhibiting a CAGR of 8.3 % during the forecasts period. The rising demand for portable electronic devices, such as smartphones, tablets, and laptops, is driving the growth of this market. Additionally, the increasing adoption of wireless charging technology and the growing popularity of outdoor activities are contributing to the market's expansion. The power bank, making life easier in the digital era, is an energy container in the form of a small device that charges our electronics in a busy world. With its refined looks and multiple functionalities, this is the knight of the digital age, saving our devices from the battery abyss. From studying at university to trekking across the country, it provides a necessary boost when outlets are unavailable. Its USB ports are the entry points to seamless power and data flow that our devices constantly need. There, hidden in plain sight it houses a strength and dependability, a protector against the cruelty of battery notifications.

In 2023, the U.S. Power Bank Market reached a value of USD 263.80 million, and it is projected to surge to USD 356.35 million by 2030.

Global Power Bank market size is expected to reach $33.1 billion by 2029 at 12.6%, rise in urban population

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High Capacity Power Banks Market Size 2024-2028

The high capacity power banks market size is forecast to increase by USD7.85 billion at a CAGR of 13.1% between 2023 and 2028. The high capacity power bank market is witnessing significant growth due to several key factors. The decline in prices of high capacity power banks has made them an affordable option for consumers, particularly those who rely on multiple devices throughout the day. With the increasing usage of Internet-related services on smartphones, laptops, and tablets, the need for a reliable power source on-the-go is more crucial than ever. Moreover, the trend toward universal compatibility and wireless charging capabilities in power banks is gaining popularity, providing users with added convenience and flexibility. However, the market is also facing challenges such as the poor quality of power banks in the market, which can lead to safety concerns and inconsistent charging. To address these challenges, manufacturers are focusing on improving the internal battery's capacity, charging process, and charging speed. Additionally, there is a growing demand for compact and lightweight designs, which can be achieved through the use of quick charging technology. Solar-powered power banks are also gaining popularity as a sustainable and eco-friendly solution for charging devices on-the-go.

What will be the Size of the Market During the Forecast Period?

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The market continues to gain traction as the demand for electrical energy on-the-go increases. With the widespread use of electronic devices such as smartphones, tablets, laptops, and other portable gadgets, the need for reliable and efficient power sources has become essential. High capacity power banks offer a solution to this problem by providing a large reservoir of electrical energy to charge multiple devices. A wall battery charger can be used to recharge the power bank when it runs out of power. These power banks come with various features that cater to the diverse needs of consumers. High capacity power banks support a wide range of devices, including smartphones, tablets, laptops, and other USB-powered gadgets.

Moreover, they come with multiple USB ports, allowing users to charge multiple devices simultaneously. These power banks employ fast-charging technology, which reduces the time it takes to charge devices. They also offer quick charging capabilities for certain devices, ensuring that users can get back to using their devices as soon as possible. High capacity power banks are designed to be portable, making them easy to carry around. They come in compact and lightweight designs, making them an ideal travel companion. The capacity of high capacity power banks varies, with some offering up to 20,000 mAh or more.

Furthermore, the charging speed is also a crucial factor, with some power banks able to charge devices up to 50% in just 30 minutes. Some high capacity power banks come with solar panels, allowing users to charge them using sunlight. This feature provides an eco-friendly and sustainable charging solution, making it an attractive option for environmentally-conscious consumers. High capacity power banks offer various output voltages and currents, ensuring that they can effectively charge a wide range of devices. They also come with overcharging protection, which prevents damage to devices caused by overcharging.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Smart phone
  Tablet
  Laptop
  Portable media device
  Others


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe

    Germany


  South America



  Middle East and Africa

By Application Insights

The smart phone segment is estimated to witness significant growth during the forecast period. The demand for high capacity power banks in the United States has been on the rise due to the growing usage of smartphones as versatile tools for communication, entertainment, and work. With the advancement of technology, smartphones have become essential gadgets, leading to an increase in their energy requirements. As a result, there is a significant need for power banks with high capacities, ranging from 8,001 mAh to 20,000 mAh, capable of charging multiple devices several times before needing to be recharged. According to recent statistics, there are approximately 275 million smartphone users in the US alone. This increasing user base has fueled the demand for portable charging solutions, enabling users to keep their devices charged on the go.

Furthermore, high capacity power banks come in compact and lightweight designs, making them an ideal travel companion. Quick charging

Global power bank market is expected to grow at a CAGR of over 10% and is anticipated to surpass USD 21 Billion by 2026. The power bank market has been witnessing a lucrative growth owing to the rising consumer demand for rechargeable & portable power backup devices.

Global Power Bank Market is anticipated to experience remarkable expansion, with a projected Compound Annual Growth Rate (CAGR) of 3.69% from 2025 to 2033. According to the market analysis, the market size is forecasted to reach USD 35.9 Billion by the end of 2033, up from USD 25.91 Billion in 2024.

The Global Power Bank market size to cross USD 35.9 Billion by 2033. [https://edison.valuemarketre

Power Bank Rental Service Market Outlook

The global power bank rental service market size was valued at approximately USD 1.2 billion in 2023, and it is anticipated to expand at a compound annual growth rate (CAGR) of 16.5% from 2024 to 2032, reaching a projected value of around USD 4 billion by 2032. This growth is driven by increasing consumer dependency on electronic devices and the rising demand for on-the-go charging solutions. The surge in smartphones and other portable electronic devices usage, coupled with the convenience offered by rental services, is a major growth factor for this market.

One of the primary growth factors for the power bank rental service market is the rapid proliferation of smartphones and other electronic devices such as tablets, laptops, and wearables. As these devices become integral to daily life, their usage demands constant battery power. The capacity of built-in batteries often falls short, especially during extensive usage periods. This scenario creates a substantial demand for accessible, portable power solutions. Consequently, power bank rental services, which offer a convenient, cost-effective alternative to purchasing multiple chargers or power banks, are gaining significant traction.

Another key growth driver is the expanding network of rental stations in high footfall areas such as airports, shopping malls, public transportation hubs, and tourist attractions. These strategic locations ensure easy access to power banks, thus enhancing user convenience. The integration of advanced technologies like IoT and mobile applications in rental services is also playing a crucial role. These technologies enable seamless rental processes, track usage patterns, and ensure the efficient distribution of power banks, thereby boosting user satisfaction and repeat usage.

The rise of smart cities and increased urbanization are also contributing factors. As cities become more connected and digitalized, the demand for mobile power solutions grows. Consumers are increasingly seeking hassle-free, on-the-go power solutions to support their digital lifestyles. Furthermore, the increasing trend of cashless and digital payments is facilitating the adoption of these rental services, making the transaction process smoother and more convenient for users.

The growing popularity of Ortable Power Banks is a testament to the increasing need for flexible charging solutions. These compact devices offer users the freedom to charge their electronic gadgets without being tethered to a wall outlet. As more people engage in outdoor activities and travel, the demand for portable power solutions continues to rise. Ortable Power Banks are designed to be lightweight and easy to carry, making them ideal for individuals who require a reliable power source while on the move. This trend is further fueled by advancements in battery technology, which have led to more efficient and longer-lasting power banks, thus enhancing user satisfaction and convenience.

Regionally, the market outlook varies significantly. Asia Pacific holds the largest share due to its high population density, rapid urbanization, and technological advancements. Countries like China and India are significant contributors, driven by their large smartphone user base and increasing disposable incomes. North America and Europe are also lucrative markets due to their advanced infrastructure and high consumer awareness levels. Meanwhile, Latin America and the Middle East & Africa are emerging markets showing promising growth potential due to increasing smartphone penetration and improving economic conditions.

Type Analysis

The power bank rental service market is segmented by type into portable power banks and stationary power banks. Portable power banks dominate the market, primarily due to their convenience and ease of use. These devices can be carried around easily, making them ideal for individuals who are always on the move. Portable power banks are commonly found in public places such as shopping malls, airports, and tourist attractions, where they meet the immediate charging needs of consumers. The demand for portable power banks is expected to continue growing as more people rely on electronic devices for their daily activities.

On the other hand, stationary power banks are typically installed in fixed locations like cafes, restaurants, and offices. These power banks offer a more stable and permanent charging solution, catering to environmen

The Global Power Banks Market was valued at USD 13.49 Billion in 2024 and is expected to reach USD 22.78 Billion by 2030 with a CAGR of 8.96% through 2030.

power bank market size was USD 9.60 Billion in 2021 and is expected to register a revenue CAGR of 7.3% during the forecast period, Increased adoption of electronic devices and smartphones, increased power consumption of these devices as a result of mobile technology advancements, and affordability of power banks

Global Power Banks Market is anticipated to grow at a CAGR of 8.20% during the forecast period, with an estimated size and share exceeding USD 29.19 Billion by 2032, according to projections.

Global power banks market worth at USD 14.28 Billion in 2024, is expected to surpass USD 34.21 Billion by 2034, with a CAGR of 8.4% from 2025 to 2034.

Global power banks market size & share envisaged to reach USD 29.19 Billion by 2032, with an estimated CAGR of 8.20% during the projection period.

The global power bank market size reached approximately USD 15.70 Billion in 2024. The market is projected to grow at a CAGR of 6.70% between 2025 and 2034, reaching a value of around USD 30.03 Billion by 2034.