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).

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.

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.

In 2023, the Africa Power Bank Market reached a value of USD 24.06 million, and it is projected to surge to USD 36.24 billion by 2030.

Power Bank Market size is expected to be worth around USD 35.2 Billion by 2034, from USD 15.7 Billion in 2024, growing at a CAGR of 8.4%.

According to Cognitive Market Research, the global Power Bank market size was USD 13.59 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 8.39% from 2024 to 2031. Market Dynamics of Power Bank Market

Key Drivers for Power Bank Market

Technological Advancements - One of the main reasons the Innovations in battery technology, including higher capacities, faster charging speeds, and improved efficiency, have enhanced Power Bank performance. These advancements cater to consumer demands for longer battery life and faster recharge times, fueling market expansion.
The increasing demand for smartphones and tablets drives power bank growth and is anticipated to drive the Power Bank market's expansion in the years ahead.

Key Restraints for Power Bank Market

Saturated with numerous players and competitive pricing pressures poses a serious threat to the Power Bank industry growth
Advances in battery capacity and charging speed are limited to data security and privacy impact market growth.

Introduction of the Power Bank Market

Power Bank, also referred to as the increasing penetration of smartphones and other mobile devices, has heightened the demand for portable power sources, driving market expansion. Secondly, advancements in battery technology, such as higher capacities and faster charging speeds, have improved the efficiency and appeal of power banks to consumers. Thirdly, the rising popularity of outdoor activities and travel has bolstered the need for reliable, portable power solutions. Additionally, the growing awareness of energy conservation and sustainability has spurred the development of eco-friendly power bank options, further influencing market dynamics. These factors collectively contribute to the robust growth and diversification of the power bank market globally.

The India power bank market size reached USD 963.31 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,565.50 Million by 2033, exhibiting a growth rate (CAGR) of 11.50% during 2025-2033. Increasing smartphone penetration, rising digital payments, growing travel needs, expanding e-commerce, frequent power outages, technological advancements, declining costs, higher battery capacities, fast-charging demand, remote work trends, and government initiatives promoting electronics manufacturing are driving India's power bank market growth.

Power Bank Market Outlook

According to our latest research, the global power bank market size reached USD 13.2 billion in 2024, reflecting robust demand for portable charging solutions worldwide. The market is expected to grow at a CAGR of 7.8% from 2025 to 2033, with the forecasted market size projected to hit USD 26.1 billion by the end of 2033. This growth is primarily driven by the increasing penetration of smartphones, the proliferation of electronic devices, and an escalating need for reliable, on-the-go power solutions across both developed and emerging economies.

The primary growth factor for the power bank market is the exponential rise in smartphone and tablet usage, coupled with the growing demand for uninterrupted connectivity. As consumers become increasingly reliant on mobile devices for daily activities, from communication to entertainment and productivity, the need for portable charging solutions has surged. The rise in remote work, online learning, and mobile gaming has further amplified the demand for high-capacity, fast-charging power banks. Additionally, technological advancements such as fast-charging capabilities, multiple output ports, and integration with wireless charging technologies have significantly enhanced the utility and appeal of modern power banks, making them indispensable accessories for today’s digital lifestyle.

Another significant driver is the rapid urbanization and digital transformation witnessed in emerging markets, particularly in Asia Pacific and Latin America. These regions have seen a substantial increase in disposable incomes, urban migration, and infrastructural developments, all of which contribute to a higher adoption of electronic devices. In areas where access to reliable electricity remains inconsistent, power banks have become essential for ensuring device uptime. Furthermore, the growing popularity of outdoor activities, travel, and adventure sports has created a parallel demand for rugged, high-capacity, and solar-powered power banks, broadening the market’s consumer base beyond urban professionals to include travelers, students, and outdoor enthusiasts.

The ongoing trend toward miniaturization and enhanced energy density in battery technologies is also fueling the growth of the power bank market. Innovations such as lithium-polymer and advanced lithium-ion batteries have enabled manufacturers to produce slimmer, lighter, and more efficient power banks with higher energy storage capacities. The integration of smart features, such as LED indicators, overcharge protection, and compatibility with multiple device ecosystems, has further elevated user experience and safety. As environmental consciousness rises, the market is witnessing increased interest in solar-powered and eco-friendly power banks, aligning with global sustainability goals and appealing to environmentally aware consumers.

From a regional perspective, Asia Pacific dominates the power bank market, accounting for the largest revenue share in 2024. This is attributed to the region’s vast population, rapid smartphone adoption, and the presence of leading power bank manufacturers in countries like China, South Korea, and India. North America and Europe also exhibit significant market potential, driven by high consumer spending and a strong culture of technological adoption. Meanwhile, the Middle East & Africa and Latin America are emerging as promising markets, fueled by improving connectivity infrastructure and rising mobile device penetration. The competitive landscape is characterized by intense rivalry, continuous product innovation, and strategic collaborations, as companies vie to capture a larger share of this dynamic market.

Product Type Analysis

The power bank market is segmented by product type into portable power banks, solar power banks, and wireless power banks, each catering to distinct consumer needs and usage scenarios. Portable power banks continue to dominate the market, owing to their widespread affordability, compact size, and compatibi

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.

In 2023, the Canada Power Bank Market reached a value of USD 21.15 million, and it is projected to surge to USD 33.64 million by 2030.

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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 tec

The Mobile Power Bank Market will grow from USD 28.69 Billion in 2024 to USD 38.91 Billion by 2030 at a 5.21% CAGR.

The India Power Bank Market is expected to increase during the forecast period, owing the increasing usage of smartphones and tablets and reduction in the prices of power banks.

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.

Discover Market Research Intellect's Portable Power Bank Market Report, worth USD 150 billion in 2024 and projected to hit USD 250 billion by 2033, registering a CAGR of 6.5% between 2026 and 2033.Gain in-depth knowledge of emerging trends, growth drivers, and leading companies.

The booming portable power bank market is projected to reach $32 billion by 2033, driven by smartphone adoption and diverse applications. Explore key trends, segments (Li-ion, Li-polymer), leading companies, and regional analysis in this comprehensive market overview. Discover growth opportunities and challenges in this dynamic industry.

Power Bank Market size was valued at USD 14.03 Billion in 2024 and is projected to reach USD 28.36 Billion by 2032, growing at a CAGR of 9.20% from 2026 to 2032. Power Bank Market DriversRising Smartphone & Tablet Penetration: The most significant driver of the Power Bank Market is the ever-increasing global penetration of smartphones and tablets. With a large and growing percentage of the world's population owning at least one smartphone, the reliance on these devices for communication, work, and entertainment has never been higher. Longer Screen Time & Power-Hungry Apps: Modern digital lifestyles are characterized by longer screen times and the widespread use of power-hungry applications. Activities such as high-resolution video streaming, mobile gaming, social media browsing, and GPS navigation drain device batteries at a rapid rate.

Portable Power Bank Market Outlook

The global portable power bank market size was valued at approximately USD 10 billion in 2023 and is projected to reach nearly USD 20 billion by 2032, growing at a compound annual growth rate (CAGR) of around 7.8% during the forecast period. This robust growth is driven by the increasing reliance on electronic devices, the growing trend of remote working, and the rising demand for uninterrupted power supply across various applications.

The soaring demand for smartphones and other handheld electronic devices is a significant growth factor for the portable power bank market. With the proliferation of smartphones, tablets, laptops, and wearable devices, consumers are increasingly seeking reliable and portable power sources. The necessity of maintaining high battery levels for these devices, especially during travel or in areas with limited access to power outlets, has heightened the demand for portable power banks. Additionally, the advent of high-drain applications and the continuous evolution of power-hungry features in modern devices further bolster the need for efficient and high-capacity portable power solutions.

Another crucial growth driver is the increasing frequency of power outages and the growing inadequacies of traditional power infrastructure in various parts of the world. In developing regions, where power supply is often inconsistent, portable power banks serve as essential backup power sources. This utility is not only limited to personal use but extends to critical applications in healthcare, banking, and other sectors where continuous power is crucial. Furthermore, the rise in outdoor activities and adventure sports, where access to power is typically unavailable, has also contributed to the market expansion as users prefer to carry portable power banks to ensure their devices remain charged.

The market is further propelled by advancements in battery technology and the advent of fast-charging solutions. Innovations in battery technology, such as the development of lithium-polymer and high-density lithium-ion batteries, have led to the production of more efficient and durable power banks. These advancements allow for quicker charging times and increased energy storage capacities. Moreover, the incorporation of fast-charging technologies, which enable rapid replenishment of power banks and connected devices, is becoming a key selling point, attracting a larger consumer base and driving market growth.

The emergence of the Li Ion Portable Battery has significantly transformed the portable power bank market. These batteries are known for their high energy density and long lifespan, making them a preferred choice for manufacturers. The ability to store more energy in a compact form factor allows for the creation of smaller, lighter power banks without compromising on capacity. This innovation has been crucial in meeting the growing consumer demand for portable power solutions that are both efficient and convenient. As more electronic devices integrate high-drain features, the reliance on Li Ion Portable Batteries continues to grow, driving further advancements in this technology.

From a regional outlook, Asia Pacific dominates the portable power bank market, accounting for the largest share in 2023. The region's dominance can be attributed to the high penetration of smartphones, substantial population base, and the presence of leading manufacturers in countries like China, Japan, and South Korea. North America and Europe also hold significant market shares, driven by the high disposable income levels, advanced technological adoption, and the growing trend of remote working. The Middle East & Africa and Latin America, although smaller in market share, are expected to witness steady growth due to improving economic conditions and increasing urbanization.

Capacity Analysis

The portable power bank market is segmented by capacity into four key categories: Up to 5,000 mAh, 5,001-10,000 mAh, 10,001-20,000 mAh, and Above 20,000 mAh. Each of these segments caters to different consumer needs and usage scenarios, contributing uniquely to the overall market dynamics. The Up to 5,000 mAh segment primarily serves users seeking lightweight and compact power solutions for emergency charging. Despite their limited capacity, these power banks are popular due to their portability and convenience, making them ideal for short trips or daily commutes where minimal additional charge is required.

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 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.