1. What is the projected Compound Annual Growth Rate (CAGR) of the Power Bank Market?
The projected CAGR is approximately 9.1%.
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Power Bank Market by Battery Type (Lithium-ion, Lithium polymer), by Capacity Range (Up to 3, 000 mAh, 3, 001 mAh-8, 000 mAh, 8, 001 mAh-20, 000 mAh, Above 20, 000 mAh), by Charging Mode (Wired, Wireless), by End-use Industry (Consumer electronics, Commercial, Industrial, Others), by Distribution Channel (Online, Offline), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, ANZ, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Power Bank Market was valued at USD 15.9 Billion in 2024 and is projected to reach USD 29.25 Billion by 2033, with an expected CAGR of 9.1% during the forecast period.The Power Bank Market is poised for substantial growth, driven by the increasing dependence on portable electronic devices, rising demand for fast-charging and high-capacity power banks, and the adoption of wireless and solar-powered charging solutions. The surge in outdoor activities, frequent travel, and power outages in emerging economies further contribute to market expansion. Technological advancements, including GaN-based chargers and ultra-fast charging, are improving efficiency and consumer appeal. Leading players such as Anker, Xiaomi, Samsung, and Energizer are investing in innovation, sustainability, and affordability to strengthen their market position. Additionally, the rise of e-commerce and direct-to-consumer sales channels has enhanced accessibility, supporting the market’s steady growth trajectory.
The Power Bank Market is moderately concentrated, with a few key players accounting for a significant market share. The market is characterized by intense competition, with players constantly innovating to gain a competitive edge. The key players in the market include Beijing Xiaomi Technology Co., Ltd., Lenovo Group Ltd., Anker Technology Co. Ltd., Panasonic Corporation, Ravpower, Sony Corporation, and Koninklijke Philips NV.
The Power Bank Market is witnessing several key trends:
Key Region: The Asia Pacific region is the largest market for power banks, accounting for over 50% of the global market share. This is primarily due to the large population and high adoption of portable devices in the region.
Dominant Segment: The capacity range of 8,001 mAh-20,000 mAh dominates the Power Bank Market, catering to the growing demand for power banks with ample capacity for extended use.
This report provides comprehensive insights into the Power Bank Market, covering various aspects such as:
The Power Bank Market is highly competitive, with players constantly innovating to gain market share. Key players are investing in research and development to improve product performance and enhance user experience. The market is expected to witness the emergence of new technologies and advancements, such as faster charging capabilities, improved battery life, and greater convenience.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 9.1% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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The projected CAGR is approximately 9.1%.
Key companies in the market include Beijing Xiaomi Technology Co., Ltd., Lenovo Group Ltd., Anker Technology Co. Ltd., Panasonic Corporation, Ravpower, Sony Corporation, Koninklijke Philips NV.
The market segments include Battery Type, Capacity Range, Charging Mode, End-use Industry, Distribution Channel.
The market size is estimated to be USD 15.9 Billion as of 2022.
Increasing smartphone and portable device penetration. Innovations in battery technology. The shift toward remote work. The proliferation of e-commerce platforms. Environmental awareness and sustainability.
Increasing Demand for Wireless Charging: The growing popularity of wireless charging technology is driving the demand for power banks with wireless charging capabilities. Growing Adoption of Power Banks with Higher Capacities: Consumers are increasingly opting for power banks with higher capacities to meet the growing power demands of their devices..
Advancements in built-in battery technology. Saturation in mature markets.
In June 2024, Honor Device Co., Ltd. launched the Honor JOWAY 66W SuperCharge Power Bank in China. It is available in two capacity variants - 12,000mAh and 20,000mAh. The power bank features 66W fast charging capabilities, allowing it to charge two devices simultaneously.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.
The market size is provided in terms of value, measured in Billion and volume, measured in units.
Yes, the market keyword associated with the report is "Power Bank Market," which aids in identifying and referencing the specific market segment covered.
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