Power Bank Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Power Bank Market Report is Segmented by Capacity Range (500-5999 MAh, 6000-9999 MAh, 10000 MAh-13000 MAh, and > 13000 MAh), Charging Mode (Wired and Wireless), Application (Smartphones and Tablets, Cameras, and Laptops, Other Applications (Smartband, Wireless Headset)), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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Power Bank Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Power Bank Market Size

Power Bank Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 20.10 Billion
Market Size (2030) USD 29.59 Billion
CAGR (2025 - 2030) 8.04 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Power Bank Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Power Bank Market with other markets in Technology, Media and Telecom Industry

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Security & Surveillance

Power Bank Market Analysis

The Power Bank Market size is estimated at USD 20.10 billion in 2025, and is expected to reach USD 29.59 billion by 2030, at a CAGR of 8.04% during the forecast period (2025-2030).

  • The power bank market is demonstrating robust growth, driven by the increasing dependence on portable electronic devices such as smartphones, tablets, and laptops. The growing prevalence of remote work, outdoor activities, and travel has escalated the demand for efficient and reliable charging solutions. Advancements in technology, including fast charging, wireless charging, and higher battery capacities, are enhancing product competitiveness. The expansion of e-commerce platforms has further streamlined accessibility and boosted sales. 
  • Additionally, the rising adoption of energy-efficient and solar-powered power banks aligns with the preferences of environmentally conscious consumers. Emerging markets, particularly in the Asia-Pacific region, are significantly contributing to the market's rapid growth, supported by increasing smartphone penetration and urbanization.
  • Moreover, with rising environmental concerns, the demand for sustainable and eco-friendly power solutions is surging. Power banks are joining this green revolution as manufacturers seek to lessen their environmental footprint. They're turning to recycled materials, biodegradable components, and advanced battery technologies. Some companies have taken the lead, crafting power banks from recycled plastics and other eco-friendly materials, thereby shrinking their products' carbon footprint. Solar charging technology is advancing, and solar-powered power banks are now enabling users to harness renewable energy for device recharges. This feature has garnered particular favor among outdoor enthusiasts and travelers.
  • The presence of low-quality power banks negatively impacts the market by reducing consumer confidence and damaging brand reputation. These inferior products often lack essential safety features, creating risks such as overheating, short circuits, and explosions. The devices also demonstrate poor performance with reduced battery capacity and slow charging speeds, resulting in customer dissatisfaction. The proliferation of counterfeit and low-cost power banks affects market credibility and reduces sales of genuine, quality products.
  • Macroeconomic factors significantly shape the dynamics of the power bank market. When the economy thrives, consumers have more purchasing power, boosting demand for electronics, power banks included. However, during economic downturns or recessions, spending on non-essential items, such as power banks, often declines. A robust economy usually sees a surge in demand for mobile devices and their accessories.

Power Bank Industry Overview

The power bank market is semi-consolidated, with an array of products. However, major vendors such as GooXiaomi Corporation, Lenovo Group Limited, Panasonic Corporation, Koninklijke Philips NV, Sony Corporation, and many more are highly preferred power bank product providers across various applications in different countries.

With growing consolidation, technological advancement, and geopolitical scenarios, the studied market is fluctuating. In addition, with the increasing energy efficiency measures due to the ongoing energy crisis, the intensity of competition in the examined market is expected to continue to rise, considering their ability to invest, which results from their revenues.

Further, in a market where the sustainable competitive advantage through innovation is considerably high, the competition will only increase, considering the anticipated surge in demand from new customers. In addition, vendors expanding in the current market are further expected to increase the competition.

Power Bank Market Leaders

  1. Xiaomi Corporation

  2. Lenovo Group Limited

  3. Realme Mobile Telecommunications (Shenzhen) Co., Ltd.

  4. Panasonic Energy Co., Ltd. (Panasonic Holdings Corporation)

  5. Koninklijke Philips N.V.

  6. *Disclaimer: Major Players sorted in no particular order
Power Bank Market Concentration
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Power Bank Market News

  • December 2024: Xiaomi Corporation has launched its Ultra Slim Power Bank, boasting fast charging capabilities. The new Ultra Slim Power Bank from Xiaomi Corporation is equipped with a 4900 mAh battery, delivering 20 W charging for both Android and iOS devices. Additionally, it supports an 18 W input for rapid charging. Notably, its standout feature is a mere 10 mm thickness, positioning it as one of the sleekest power banks in the market.
  • December 2024: Lenovo Group has introduced its Yoga Air magnetic power banks in China, now featuring MagSafe support. These new power banks, designed to be compact and lightweight, come in two affordable capacities, 3,000 mAh and 5,000 mAh. Currently, the Yoga Air Power Banks are exclusive to the Chinese market, which may lead to a potential global launch.

Power Bank Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Impact of Macroeconomic factors on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rapidly Increasing Demand for Portable Devices
    • 5.1.2 Increasing E-commerce Sales Across the World
  • 5.2 Market Restraints
    • 5.2.1 Launch of Poor Quality Power Banks
  • 5.3 Market Opportunities
    • 5.3.1 Development of Solar and Hydrogen Fuel Cell-based Power Banks

6. ANALYSIS ON POWERBANK BATTERY TYPE

  • 6.1 Lithium-ion Battery
  • 6.2 Lithium-Polymer Battery

7. MARKET SEGMENTATION

  • 7.1 By Capacity Range
    • 7.1.1 500-5999mAh
    • 7.1.2 6000-999mAh
    • 7.1.3 10000mAh -13000mAh
    • 7.1.4 > 13000mAh
  • 7.2 By Charging Mode
    • 7.2.1 Wired
    • 7.2.2 Wireless
  • 7.3 By Application
    • 7.3.1 Smartphone and Tablets
    • 7.3.2 Cameras
    • 7.3.3 Laptops
    • 7.3.4 Other Applications (Smart band, Wireless Headsets)
  • 7.4 By Geography***
    • 7.4.1 North America
    • 7.4.2 Europe
    • 7.4.3 Asia
    • 7.4.4 Australia and New Zealand
    • 7.4.5 Latin America
    • 7.4.6 Middle East and Africa

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles
    • 8.1.1 Xiaomi Corporation
    • 8.1.2 Lenovo Group Limited
    • 8.1.3 Realme Mobile Telecommunications (Shenzhen) Co., Ltd.
    • 8.1.4 Panasonic Energy Co., Ltd. (Panasonic Holdings Corporation)
    • 8.1.5 Koninklijke Philips N.V.
    • 8.1.6 Sony Group Corporation
    • 8.1.7 ADATA Technology Co., Ltd.
    • 8.1.8 Ambrane India Pvt. Ltd.
    • 8.1.9 Intex Technologies (India) Ltd.
    • 8.1.10 Syska Mobile Accessories
    • 8.1.11 Huawei Technologies Co., Ltd.
  • *List Not Exhaustive

9. INVESTMENT ANALYSIS

10. FUTURE OF THE MARKET

**Subject to Availability
***In the final report, Asia, Australia, and New Zealand will be studied together as 'Asia Pacific'
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Power Bank Industry Segmentation

A power bank is a gadget that acts as a power reservoir for charging mobile devices such as smartphones, tablets, and others. The increase in the adoption of mobile and connected devices has augmented the demand for power banks to ensure the incessant use of these devices with sufficient power backup.

The power bank market is segmented by capacity range (500-5999mAh, 6000-9999mAh, 10,000mAh-13000mAh, and >13000mAh), charging mode (wired and wireless), application (smartphones and tablets, cameras, and laptops, other applications (smartband, wireless headset), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa).

The market size and forecasts are provided in terms of value (USD) for all the above segments.

By Capacity Range 500-5999mAh
6000-999mAh
10000mAh -13000mAh
> 13000mAh
By Charging Mode Wired
Wireless
By Application Smartphone and Tablets
Cameras
Laptops
Other Applications (Smart band, Wireless Headsets)
By Geography*** North America
Europe
Asia
Australia and New Zealand
Latin America
Middle East and Africa
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Power Bank Market Research Faqs

How big is the Power Bank Market?

The Power Bank Market size is expected to reach USD 20.10 billion in 2025 and grow at a CAGR of 8.04% to reach USD 29.59 billion by 2030.

What is the current Power Bank Market size?

In 2025, the Power Bank Market size is expected to reach USD 20.10 billion.

Who are the key players in Power Bank Market?

Xiaomi Corporation, Lenovo Group Limited, Realme Mobile Telecommunications (Shenzhen) Co., Ltd., Panasonic Energy Co., Ltd. (Panasonic Holdings Corporation) and Koninklijke Philips N.V. are the major companies operating in the Power Bank Market.

Which is the fastest growing region in Power Bank Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Power Bank Market?

In 2025, the Asia Pacific accounts for the largest market share in Power Bank Market.

What years does this Power Bank Market cover, and what was the market size in 2024?

In 2024, the Power Bank Market size was estimated at USD 18.48 billion. The report covers the Power Bank Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Power Bank Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Power Bank Industry Report

The global power bank market is experiencing significant growth, driven by the increasing adoption of smartphones, tablets, and other portable devices that require substantial battery power. This market growth is a result of consumers' heavy reliance on gadgets for various activities, leading to a high demand for high-capacity power banks capable of multiple charges. The industry analysis highlights that innovations by power bank manufacturers are meeting these needs with features like fast charging and compact designs.

The e-commerce sector is at the forefront of market segmentation, leveraging internet penetration to provide consumer convenience and access to a wide range of products. Additionally, there is a noticeable shift towards eco-friendly power banks that utilize renewable energy sources such as solar power, aligning with the growing environmental awareness and the needs of outdoor activities.

The Asia-Pacific region dominates the market due to its vast population and rapid digitalization, which intensifies the demand for electronic devices and power banks. The market overview indicates that the competitive landscape is highly dynamic, with numerous power bank companies striving for market dominance, fostering a highly competitive environment.

For those interested in detailed industry information, Mordor Intelligence™ offers comprehensive market reports, including market analysis and forecasts on market share, size, and revenue growth. These market reports provide valuable insights into the current market trends, market value, and future outlook of the power bank industry. The industry research also covers market leaders, market predictions, and the overall market review, making it an indispensable resource for understanding the industry's growth rate and market forecast.

In summary, the global power bank market is on an upward trajectory, driven by technological advancements and consumer demand. The industry outlook is promising, with continuous innovation and a focus on sustainability paving the way for future growth. For a more detailed market report, including industry statistics and market data, the report pdf from Mordor Intelligence™ is available for download. This report example offers a thorough analysis of the market trends and industry sales, providing a clear picture of the industry's current state and future prospects.

Power Bank Market Report Snapshots