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Report
Global Power Bank Market Report and Forecast 2024-2032
Market Report I 2024-05-01 I 190 Pages I EMR Inc.
Global Power Bank Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global power bank market size reached a value of USD 15.5 billion in 2023. Aided by the proliferation of smartphones, tablets, laptops, and other portable electronic devices, coupled with the growing reliance on digital technology, the market is projected to further grow at a CAGR of 6.70% between 2024 and 2032 to reach a value of USD 28.1 billion by 2032.
Power banks, also known as portable chargers or external batteries, are portable devices designed to store electrical energy and provide backup power to recharge electronic devices such as smartphones, tablets, cameras, and wearable gadgets. These compact and lightweight devices feature built-in batteries and charging ports, allowing users to conveniently charge their devices anytime, anywhere, without access to traditional power outlets.
The widespread adoption of smartphones and the growing reliance on mobile devices for communication, entertainment, and productivity have fuelled the demand for power banks. As consumers increasingly depend on their smartphones for daily tasks and activities, the need for reliable and portable charging solutions has become paramount, consequently driving up the power bank market growth.
The rapid urbanisation, expanding middle-class population, and increasing smartphone adoption in emerging economies present lucrative growth opportunities for the power bank market. As developing countries leapfrog traditional infrastructure and embrace mobile technology, there is a growing demand for affordable and accessible power bank solutions to address the needs of underserved communities and bridge the digital divide.
The shift towards remote work arrangements and the rise of digital nomadism have propelled the demand for power banks among professionals, freelancers, and travellers who require uninterrupted access to power while on the move. Power banks offer a convenient solution for maintaining productivity and connectivity, enabling users to power their devices during meetings, travel, or outdoor work environments.
Advancements in battery technology have led to the development of high-capacity lithium-ion and lithium-polymer batteries with improved energy density, efficiency, and fast-charging capabilities. Manufacturers are innovating with sleeker designs, compact form factors, and integrated features such as wireless charging, USB-C compatibility, and multi-device charging, enhancing the versatility and functionality of power bank products, leading to power bank market development.
The proliferation of wearable gadgets such as smartwatches, fitness trackers, and wireless earbuds, along with the expansion of the Internet of Things (IoT) ecosystem, has fuelled demand for power banks tailored to smaller, low-power devices. Miniature and ultra-portable power banks equipped with specialised connectors and low-current output ports cater to the charging needs of wearable technology and IoT devices, extending their usability and convenience.
With increasing environmental consciousness among consumers, there is a growing demand for eco-friendly and sustainable power bank options. Manufacturers are incorporating recycled materials, renewable energy sources, and energy-efficient charging technologies into their products to reduce environmental impact and meet the sustainability preferences of eco-conscious consumers, leading to power bank market expansion.
North America and Europe represent mature markets for power banks, driven by high smartphone penetration rates, tech-savvy consumer demographics, and a strong culture of mobile device usage.
Meanwhile, Asia-Pacific emerges as a key growth market, fuelled by the rapid adoption of mobile technology, expanding smartphone user base, and increasing demand for portable charging solutions in densely populated urban centres and emerging economies.
As per the power bank market analysis, Latin America and MEA regions offer untapped potential for market expansion, driven by rising disposable incomes, urbanisation, and infrastructure development, presenting opportunities for manufacturers to penetrate new markets and address the needs of tech-savvy consumers.
Market Segmentation
The market can be divided based on the unit of USB port, battery type, capacity range, price range, application, and region
Market Breakup by Unit of USB Port
- 1 USB Port
- 2 USB Ports
- More Than 2 USB Port
Market Breakup by Battery Type
- Lithium-Ion
- Lithium Polymer
Market Breakup by Capacity Range
- Less Than 3,000 mAh
- 3,001 mAh-8,000 mAh
- 8,001 mAh-20,000 mAh
- Above 20,000 mAh
Market Breakup by Price Range
- Low
- Medium
- Premium
Market Breakup by Application
- Smartphone and Tablets
- Cameras
- Laptops
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global power bank market. Some of the major players explored in the report by Expert Market Research are as follows:
- Sony Group Corporation
- Huawei Technologies Co., Ltd.
- Koninklijke Philips NV
- Xiaomi Corporation
- Samsung Electronics Co. Ltd.
- Panasonic Holdings Corporation
- Lenovo Group Limited
- ASUSTEK Computer Inc
- Realme Chongqing Mobile Telecommunications Corp., Ltd.
- Anker Innovations Technology Co., Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Power Bank Market Analysis
8.1 Key Industry Highlights
8.2 Global Power Bank Historical Market (2018-2023)
8.3 Global Power Bank Market Forecast (2024-2032)
8.4 Global Power Bank Market by Unit of USB Port
8.4.1 1 USB Port
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 2 USB Ports
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 More Than 2 USB Ports
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Power Bank Market by Battery Type
8.5.1 Lithium-Ion
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Lithium Polymer
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Power Bank Market by Capacity Range
8.6.1 Less Than 3,000 mAh
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 3,001 mAh-8,000 mAh
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 8,001 mAh-20,000 mAh
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Above 20,000 mAh
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 Global Power Bank Market by Price Range
8.7.1 Low
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Medium
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Premium
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Power Bank Market by Application
8.8.1 Smartphone and Tablets
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Cameras
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Laptops
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Others
8.9 Global Power Bank Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Power Bank Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Power Bank Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Power Bank Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Power Bank Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Power Bank Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Sony Group Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Huawei Technologies Co., Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Koninklijke Philips NV
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Xiaomi Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Samsung Electronics Co. Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Panasonic Holdings Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Lenovo Group Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 ASUSTEK Computer Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Realme Chongqing Mobile Telecommunications Corp., Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Anker Innovations Technology Co., Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Power Bank Market: Key Industry Highlights, 2018 and 2032
2. Global Power Bank Historical Market: Breakup by Unit of USB Port (USD Billion), 2018-2023
3. Global Power Bank Market Forecast: Breakup by Unit of USB Port (USD Billion), 2024-2032
4. Global Power Bank Historical Market: Breakup by Battery Type (USD Billion), 2018-2023
5. Global Power Bank Market Forecast: Breakup by Battery Type (USD Billion), 2024-2032
6. Global Power Bank Historical Market: Breakup by Capacity Range (USD Billion), 2018-2023
7. Global Power Bank Market Forecast: Breakup by Capacity Range (USD Billion), 2024-2032
8. Global Power Bank Historical Market: Breakup by Price Range (USD Billion), 2018-2023
9. Global Power Bank Market Forecast: Breakup by Price Range (USD Billion), 2024-2032
10. Global Power Bank Historical Market: Breakup by Application (USD Billion), 2018-2023
11. Global Power Bank Market Forecast: Breakup by Application (USD Billion), 2024-2032
12. Global Power Bank Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Power Bank Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Power Bank Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Power Bank Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Power Bank Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Power Bank Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Power Bank Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Power Bank Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Power Bank Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Power Bank Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Power Bank Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Power Bank Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Power Bank Market Structure
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