Power Bank Market Poised for Growth, Reaching $21.3 Billion by 2033
DUBLIN, February 25, 2025 (GLOBE NEWSWIRE) — A new report, “Power Bank Market Analysis by Product Type, Battery Type, Power Rating, Application, and Region 2025-2033,” has been added to ResearchAndMarkets.com’s offerings. The global power bank market, valued at USD 12.2 billion in 2024, is projected to reach USD 21.3 billion by 2033. This represents a compound annual growth rate (CAGR) of 6.1% over the forecast period.
Several factors are driving this expansion. The increasing adoption of remote working models, the rising use by gaming enthusiasts, and the growing need for photographers and videographers to have extra battery power for their devices are all key contributors.
Key Market Drivers
- Increased Adoption of Mobile Devices: The widespread use of smartphones, tablets, and other portable electronics is driving demand. People require uninterrupted connectivity for communication, work, and entertainment, making power banks a necessity.
- Rise in Travel and Outdoor Activities: Travel, outdoor adventures, and activities away from traditional power sources are driving this market. Power banks offer a convenient solution by providing portable energy reserves that can sustain devices during extended periods away from power outlets.
- Growing Need for Multi-Tasking Devices: The digitization of daily life has increased the demand for devices that can efficiently recharge other devices and ensure uninterrupted productivity and entertainment. This is leading to the need for power banks that allow individuals to charge compatible devices without the need for a physical cable.
Market Segmentation
The report segments the power bank market by several factors, including:
- Product Type: Portable Power Banks, Solar Power Banks, Battery Cases. Portable power banks currently dominate the market.
- Battery Type: Lithium-Ion, Lithium-Polymer. Lithium-ion batteries are the most common, while lithium-polymer batteries are gaining popularity for their lightweight and flexible design.
- Power Rating: Below 3,000 mAh, 3,001 mAh – 8,000 mAh, 8,001 mAh – 20,000 mAh, Above 20,000 mAh. The 8,001 mAh – 20,000 mAh range currently holds the largest market share.
- Application: Smartphones, Tablets, Portable Media Devices, Others. Smartphones represent the largest application segment.
- Region: North America, Europe, Asia Pacific, Middle East and Africa, Latin America. The Asia Pacific region demonstrates the most significant dominance.
Competitive Landscape
The report provides an overview of the competitive environment. Leading companies are focused on incorporating fast-charging technology and developing wireless charging power banks to improve user experience. Manufacturers are also integrating intelligent power management systems to optimize charging efficiency and protect devices.
Key players in the power bank market include:
- Beijing Xiaomi Technology Co. Ltd.
- Lenovo Group Ltd.
- Microsoft Corporation
- Panasonic Corporation
- Sony Corporation
- Adata Technology Co. Ltd.
- Asustek Computer Inc.
- Ambrane India Pvt. Ltd.
- Anker Technology Co. Ltd.
- Intex Technologies (India) Ltd.
- OnePlus Technology (Shenzhen) Co. Ltd.
- UNU Electronics Inc.
- Samsung SDI Co. Ltd.
Key Questions Answered in the Report
The report addresses key questions about the market, including:
- What was the size of the global power bank market in 2024?
- What is the expected growth rate of the global power bank market during 2025-2033?
- What are the key factors driving the global power bank market?
- What has been the impact of COVID-19 on the global power bank market?
- What is the breakup of the global power bank market based on the product type?
- What is the breakup of the global power bank market based on the battery type?
- What is the breakup of the global power bank market based on the power rating?
- What is the breakup of the global power bank market based on the application?
- What are the key regions in the global power bank market?
- Who are the key players/companies in the global power bank market?
(Note: I have removed all of the end-of-article content and images unrelated to the main subject.)
