Designed to make market research more actionable and strategically valuable, The Business Research Company’s 2026 market reports feature market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
Power Bank Market To Expand At A 12.2% CAGR: Size And Growth Projections Through 2030
The power bank market has observed significant growth in recent years. Its valuation is anticipated to rise from $20.24 billion in 2025 to $22.67 billion in 2026, reflecting a compound annual growth rate (CAGR) of 12.0%. The expansion witnessed during the historic period was driven by the increasing application of lithium-ion charging solutions, a surge in smartphone and tablet usage, the early adoption of USB-powered portable charging devices, a rise in the use of gadgets for travel and outdoor activities, and a reliance on conventional battery packs.
The power bank market is projected to experience substantial expansion over the upcoming years. Its valuation is predicted to reach $35.88 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.2%. This expansion during the projection period stems from factors such as the heightened demand for high-capacity rapid chargers, the increasing integration of lithium polymer technologies, the broader availability of wireless and multi-device charging options, the creation of ultra-compact battery packs, and the escalating need for power backup solutions for remote work. Significant trends anticipated within this period encompass the uptake of environmentally friendly solar power banks, the evolution of intelligent fast-charging systems, the proliferation of IoT-integrated charging platforms, improvements in AI-driven battery health management, and the emergence of autonomous portable power technologies.
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Which Factor Is Expected To Drive The Power Bank Market Over The Forecast Period?
The expanding presence of mobile devices is projected to fuel the expansion of the power bank market. With mobile devices readily available and social media usage prevalent, individuals heavily depend on their gadgets, necessitating dependable charging solutions to maintain connectivity. Consequently, the growing accessibility and utilization of mobile devices across numerous facets of contemporary existence have generated a significant and ongoing need for power banks. For example, in September 2025, data from the International Data Corporation (IDC), a US-based advisory firm, indicated that worldwide smartphone shipments rose by 1.0% year-over-year (YoY), reaching 295.2 million units during the second quarter of 2025 (2Q25). Thus, the rising proliferation of mobile devices is anticipated to stimulate the demand for power banks throughout the forecast period.
Power Bank Market Segmentation Insights: How Is The Industry Categorized?
The power bank market covered in this report is segmented –
1) By Battery Type: Lithium Ion, Lithium Polymer
2) By Price Range: Low, Medium, High
3) By Application: Smart Phone, Tablet, Digital Camera, Laptop, Other Applications
4) By Distribution Channel: Online, Offline
Subsegments:
1) By Lithium Ion: Cylindrical Lithium-Ion Batteries, Prismatic Lithium-Ion Batteries, Lithium-Ion Battery Packs
2) By Lithium Polymer: Lithium Polymer Battery Packs, Flexible Lithium Polymer Batteries, Lithium Polymer Battery Cells
Power Bank Market Trends Explained: What Is Changing And Why It Matters
Major companies operating in the power bank market are concentrating on forming alliances or engaging in joint ventures with other firms to develop innovative solutions and broaden their geographical footprint. Collaboration and partnership involve working together with others to achieve a common aim or objective. For instance, in June 2023, Tempt, an India-based audio technology and lifestyle accessories company, disclosed its strategic partnership with Staunch Electronics India, an Indian electronics manufacturing enterprise. This collaboration aims to reinforce the Make-in-India initiative by localizing the production of Tempt power banks within the country. By manufacturing Tempt power banks domestically, the companies intend to contribute to the expansion of India’s manufacturing sector and improve the local supply chain.
Power Bank Market Competitor Landscape: Who Are The Major Companies?
Major companies operating in the power bank market are Ambrane India Pvt. Ltd., ADATA Technology Co. Ltd., Anker Innovations Technology Co. Ltd., AsusTeK Computer Inc., Griffin Technologies Inc., Intex Technologies india Ltd., Lenovo Group Ltd., Panasonic Corporation., Rav Power And Infra (India) Private Limited, Sony Corporation., Xiamoi Corporation., Aukey Technology Co. Ltd., Dell Technologies Inc., Duracell Inc., Changsha Meng Tuo Electronic Commerce Co. Ltd., iWALK Global Co Ltd., Microsoft Corporation, myCharge, OmniCharge Inc., Syska led lights Pvt Ltd., TP-Link Technologies Co. Ltd., Uimi Technology Pvt. Ltd., OnePlus Technology Co. Ltd., UNU Electronics Inc., Samsung SDI Co Ltd., Belkin International Inc., Zendure Deutschland., Jackery Inc., Shenzhen Value in Action Technology Co.Ltd., Poweradd, Tylt Inc., ROMOSS Technology Co. Ltd, Maxell Holdings Ltd., GP Batteries International Limited, Toshiba Corporation., Huawei Technologies Co. Ltd., ZTE Corporation, LG Electronics Inc., HP Inc., Acer Inc.
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Power Bank Market Regional Demand Analysis And Leading Geography
Asia-Pacific was the largest region in the power bank market in 2025. The regions covered in the power bank market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
