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.

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

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.

According to Cognitive Market Research, the global Power Bank market size will be 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.

Power Bank Market Outlook

According to our latest research, the global power bank market size reached USD 13.7 billion in 2024, reflecting robust demand driven by the proliferation of smart devices and increasing reliance on portable electronics. The market is experiencing a strong growth trajectory, with a compound annual growth rate (CAGR) of 8.2% projected through the forecast period. By 2033, the market is expected to expand significantly, reaching a forecasted market size of USD 27.1 billion. This growth is primarily fueled by the continuous advancements in battery technology, rising mobile device penetration, and the growing need for reliable portable charging solutions across the globe.

One of the primary growth factors propelling the power bank market is the exponential increase in smartphone and tablet usage worldwide. As consumers become increasingly dependent on their mobile devices for communication, work, entertainment, and navigation, the demand for reliable backup power sources has surged. The evolution of power-hungry applications and features, such as high-resolution displays, GPS, gaming, and video streaming, has further intensified the need for high-capacity power banks. Additionally, the rapid urbanization and expansion of digital connectivity in emerging markets have created new opportunities for power bank manufacturers to cater to a broader consumer base. This trend is further amplified by the growing adoption of wearables and IoT devices, which require frequent charging, thereby driving consistent market growth.

Technological advancements in battery chemistry and power bank design have also played a pivotal role in market expansion. The transition from traditional nickel-based batteries to advanced lithium-ion and lithium-polymer batteries has resulted in more compact, lightweight, and efficient power banks with higher energy densities. Innovations such as fast-charging, wireless charging, and solar-powered variants have enhanced user convenience and broadened the appeal of power banks across diverse consumer segments. Moreover, the integration of smart features like LED indicators, multiple output ports, and safety mechanisms has improved product reliability and user experience. These developments have not only increased the adoption rate but have also encouraged manufacturers to invest in research and development to differentiate their offerings in a highly competitive market.

Another significant growth catalyst is the expansion of e-commerce and omnichannel retail strategies. The proliferation of online distribution channels has made power banks more accessible to consumers, offering a wide variety of choices, detailed product information, and competitive pricing. The convenience of online shopping, coupled with the increasing penetration of smartphones and internet connectivity, has led to a surge in online sales of power banks. Offline retail channels, including electronics stores and hypermarkets, continue to play a vital role, especially in regions where digital infrastructure is still developing. The synergy between online and offline channels has enabled manufacturers to reach a diverse customer base and respond quickly to changing consumer preferences, further accelerating market growth.

From a regional perspective, Asia Pacific remains the dominant market for power banks, accounting for the largest share of global sales in 2024. The region's rapid urbanization, large population base, and widespread adoption of smart devices have created a fertile ground for market expansion. North America and Europe also represent significant markets, driven by high consumer awareness, technological sophistication, and strong demand for premium power bank models. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth, supported by improving digital infrastructure and increasing mobile device penetration. However, each region presents unique challenges and opportunities, shaped by local consumer behavior, regulatory frameworks, and competitive dynamics.

Product Type An

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.

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.

According to Cognitive Market Research, the global Power Bank Sharing Service Market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 26.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.9% from 2024 to 2031.
Portable Power Banks held the highest Power Bank Sharing Service Market revenue share in 2024.

Market Dynamics of Power Bank Sharing Service Market

Key Drivers for Power Bank Sharing Service Market

Increasing Smartphone Penetration Boosts Demand for Power Bank Sharing Services Worldwide: With the global rise in smartphone penetration, the demand for charging solutions has skyrocketed. As people rely more on their mobile devices for work, communication, and entertainment, the need for accessible charging infrastructure becomes critical. Power bank sharing services provide a convenient and cost-effective solution, especially in urban areas and during travel, where battery depletion is frequent. These services offer flexibility, allowing users to charge on the go without carrying personal power banks. The expansion of 5G networks and data-intensive apps further accelerates battery drain, enhancing the demand for power banks. Additionally, smartphone users, particularly travelers, benefit from this service, leading to increased adoption globally. Thus, growing smartphone usage directly contributes to the growth of the power bank sharing service market. For instance, UBON introduced the PB-X35 Transparent Power Bank in India, featuring a distinct transparent design. It offers 22.5 watts peak power output, facilitating quick charging for phones, along with twin input charging connectors and a 2.0A output charging port for simultaneous charging of two devices. Safety features include overheating, short circuit, and overcharge protection for both the power bank and connected devices.

Expansion of Smart City Infrastructure Facilitates Power Bank Sharing Service Deployment: As cities invest in smart city infrastructure, integrating advanced technologies like IoT and AI, the deployment of power bank sharing stations becomes seamless. Smart cities focus on enhancing the convenience and connectivity of their citizens by offering tech-driven amenities, including public charging solutions. Power bank sharing services fit into this model, offering accessible, sustainable energy solutions. These cities often feature power bank kiosks in public spaces such as transportation hubs, shopping centers, and entertainment venues, making them easily accessible to the public. Governments and municipalities actively encourage such services to improve overall urban mobility and convenience.

Restraint Factor for the Power Bank Sharing Service Market

High Initial Setup and Maintenance Costs Limit Power Bank Sharing Service Expansion: The high cost of carbon dioxide monitoring equipment poses a significant barrier to widespread adoption, particularly in low-resource settings. Advanced CO2 monitors, especially those used in critical care and EMS, are often expensive, requiring substantial investment in both the devices and associated consumables. This financial burden can be challenging for healthcare providers in developing regions, where budget constraints limit the procurement of such equipment. As a result, the adoption of CO2 monitoring technology may be slower in these areas, hindering overall market growth despite the increasing demand for respiratory care solutions.

Restraint Factor for the Power Bank Sharing Service Market

Integration with lifestyle, retail, an...

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.

In 2023, the Middle East Power Bank Market reached a value of USD 28.35 million, and it is projected to surge to USD 39.58 million by 2030.

Power Bank Market size was valued at USD 14.03 Billion in 2023 and is projected to reach USD 28.36 Billion by 2031, growing at a CAGR of 9.20% from 2024 to 2031.

Global Power Bank Market Dynamics

The key market dynamics that are shaping the global Power Bank Market include:

Key Market Drivers: Increasing Smartphone Penetration: The increasing growth of smartphone usage, particularly in developing countries, is having spurred demand for power banks. As mobile devices become more prevalent in daily life, users seek portable charging options to maintain continuous connectivity, propelling the industry forward significantly. Growing Travel and Outdoor Activities: The popularity of outdoor activities and travel, particularly in rural areas without reliable power supplies, is having boosted demand for power banks. Travelers and adventurers rely on portable chargers to keep their devices operational on extended journeys.

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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

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

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.

Discover the latest insights from Market Research Intellect's Portable Power Bank Market, valued at USD 150 billion in 2024, with significant growth projected to USD 250 billion by 2033 at a CAGR of 6.5% (2026-2033).

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.

Explore the growth potential of Market Research Intellect's Battery Power Bank Market Report, valued at USD 4.5 billion in 2024, with a forecasted market size of USD 10.2 billion by 2033, growing at a CAGR of 12.8% from 2026 to 2033.

The size of the Power Bank Market was valued at USD XX USD Billion in 2023 and is projected to reach USD XXX USD Billion by 2032, with an expected CAGR of 8.2% during the forecast period. The primary factors driving this growth include the surging demand for portable electronic devices, the growing popularity of mobile payments, and the increasing preference for online shopping. The advent of 5G technology and the proliferation of the Internet of Things (IoT) devices are further fueling the demand for power banks. The Power Bank Market is witnessing a shift towards wireless charging technology. Wireless power banks offer the convenience of charging devices without the need for cables, making them a popular choice among consumers. Additionally, there is a growing demand for power banks with higher capacities and faster charging capabilities. The increasing adoption of artificial intelligence (AI) and machine learning (ML) is also impacting the Power Bank Market. AI and ML algorithms can be used to optimize the charging process and extend the battery life of power banks. Key drivers for this market are: Rising Growth of Urbanization to Aid Market Development. Potential restraints include: Higher Maintenance and Repair Cost to Limit Market Growth.