Global Power Bank Market Is Anticipated To Reach $29.15 Billion By 2032

Zion Market Research has published a new report titled “Power Bank Market By Product (Solar Power Banks, Portable Power Banks, and Others), By Price Range (Low Range, Medium Range, and Premium Range), By Power Rating (Up to 3000 mAh, 3,001 to 8,000 mAh, 8,001 to 20,000 mAh, and Above 20,000 mAh), and By Application (Tablets, Portable Media Devices, Smartphones, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032”. The global Power Bank Market size was worth around USD 14.34 Billion in 2023 and is predicted to grow to around USD 29.15 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.2% between 2024 and 2032.

Combination of portable batteries in a circuit that efficiently controls the power flow is called a power bank. Power banks are diversely used for charging electronic devices in the absence of power supply and are highly preferred for charging almost any USB-charged devices like tablets or smartphones.

Browse the full “Power Bank Market By Product (Solar Power Banks, Portable Power Banks, and Others), By Price Range (Low Range, Medium Range, and Premium Range), By Power Rating (Up to 3000 mAh, 3,001 to 8,000 mAh, 8,001 to 20,000 mAh, and Above 20,000 mAh), and By Application (Tablets, Portable Media Devices, Smartphones, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032” Report at https://www.zionmarketresearch.com/report/power-bank-market

The rising internet penetration rate has simultaneously increased data consumption by smartphones and energy consumption due to extensive internet use drains the battery at high rates. Worldwide increasing use of smartphones is mainly propelling the power bank market. Moreover, leading power bank manufacturers are opting for hydrogen- and solar cell-based technologies, which is also attracting consumers to the global power bank market. However, continuous technological upgradations of the battery capacities of various smartphones have increased due to the integration of highly efficient chipset, which may hamper the power bank market to some extent.

The global power bank market is fragmented on the basis of product, price range, power rating, and application. The product segment includes portable power banks, solar power banks, and others. The demand for solar power banks is forecasted to witness notable growth in the upcoming years, owing to the rising adoption of solar banks as they are powered by sunlight and do not require any electric sockets. Portable power banks held a substantial market share in 2018, due to their extensive user-friendly features and compact size. Furthermore, these devices charge nearly all types of USD devices. The price range segment of the power bank market includes premium range, medium range, and low range.

The medium range segment is projected to account for a notable market globally in the years ahead. The rising expenditure on lifestyle amenities in developed regions is fuelling the premium price range. Based on power rating, the market is categorized into above 20,000 mAh, 8,001 to 20,000 mAh 3,001 to 8,000 mAh, and Up to 3000 mAh. The use of power banks of up to 3000 mAh is increasing in the developing Asian economies recently. The application segment of the market is divided into tablets, portable media devices, smartphones, and others.

The North American power bank market is mainly driven by the rising use of tablets and smartphones across various industry verticals. The U.S. held the majority share of this regional market and Canada is expected to register notable growth in the years ahead.

Some key participants operating in the global power bank market are Samsung Electronics, Beijing Xiaomi Technology, Sony Corporation, Panasonic, Limefuel, Anker Technology, EassyAcc.com, Apacer Technologies, Lenovo Group, GP Batteries, Intex Technologies, Microsoft, Hitachi, Xiaomi Technology, Ambrane India, Xtorm, Maxell, and ASUSTeK Computer.

This report segments the global power bank market into:

Power Bank Market: Product Analysis

• Solar Power Banks
• Portable Power Banks
• Others

Power Bank Market: Price Range Analysis

• Low Range
• Medium Range
• Premium Range

Power Bank Market: Power Rating Analysis

• Up to 3000 mAh
• 3,001 to 8,000 mAh
• 8,001 to 20,000 mAh
• Above 20,000 mAh

Power Bank Market: Application Analysis

• Tablets
• Portable Media Devices
• Smartphones
• Others

Power Bank Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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