Market Overview:
According to Fortune Business Insights Global Power Bank Market size was valued at USD 14.74 billion in 2024. The market is projected to grow from USD 15.56 billion in 2025 to USD 23.64 billion by 2032, exhibiting a CAGR of 6.15% during the forecast period.
The global power bank market has witnessed substantial growth in recent years, driven by the rising adoption of smartphones, tablets, wearables, and other portable electronic devices that require reliable charging solutions. Power banks, with their compact design, universal compatibility, and evolving features such as fast charging and wireless charging, have become essential accessories for modern consumers. The growing demand for on-the-go charging solutions, especially among travelers, gamers, and remote workers, is fueling market expansion globally.
Market Trends
The power bank market is evolving rapidly, influenced by consumer preferences and technological advancements. One of the key trends is the growing popularity of wireless and fast-charging power banks, offering greater convenience and efficiency. There is also a surge in demand for high-capacity models (20,000 mAh and above) that can charge multiple devices simultaneously. The integration of solar-powered and eco-friendly designs reflects rising environmental awareness among consumers. Additionally, manufacturers are increasingly leveraging social media advertising to enhance brand visibility and engage directly with their target audience. The trend towards compact, lightweight, and stylish designs further caters to the lifestyle needs of modern users, particularly in urban and developing markets.
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Regional Insights:
- Asia Pacific led the market in 2024 with a 89% share, driven by rising smartphone adoption, mobile gaming, and internet penetration.
- North America and Europe are set to witness robust growth due to the surge in outdoor activities, mobile gaming, and wearable tech adoption.
Top Growth Drivers:
📌 Rising smartphone and tablet adoption globally
📌 Growth in outdoor and adventure activities
📌 Advancements in wireless charging & high-capacity batteries
Why Read This Report?
This report provides valuable insights into the competitive landscape, key industry developments, market dynamics, trends, and growth opportunities shaping the future of the power bank market. It is a must-read for stakeholders, investors, and businesses looking to stay ahead in this evolving sector.
To know more about the market, please visit:
https://www.fortunebusinessinsights.com/power-bank-market-104425
KEY INDUSTRY DEVELOPMENTS
December 2024 - Stuffcool, an India-based manufacturer of consumer electronic products, announced the launch of Roam Power Bank. This product is 11cm tall and 7cm wide, and it has a 10,000 mAh battery capacity with a Type-C 20W PD port.
December 2024 - Xiaomi, a China-based consumer electronics manufacturer, announced the launch of an 18W power bank with a battery capacity of 30,000 mAh in the European market. The product can charge three devices simultaneously via USB-A and USB-C ports.
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