Power Bank Market Poised to Hit $33.1 Billion by 2029 with Accelerating Growth Trends

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Power Bank Market Size Growth Forecast: What to Expect by 2025?
The market size of power banks has seen substantial growth in the past years. The projected growth possesses an increase from $18.59 billion in 2024 to $20.56 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.6%. This rise during the historical period owes to factors like an increase in mobile devices and smartphones, demand for portable and emergency power solutions, expanding travel and outdoor activities, utilization in disaster preparedness, as well as regulatory standards for battery safety.

How Will the Power Bank Market Size Evolve and Grow by 2029?
We expect to witness a rapid expansion of the power bank market in the upcoming years, with its value projected to reach $33.1 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.6%. The surge during the predicted period can be credited to factors such as high-capacity and quick-charging power banks, an upsurge in electric scooter and bike charging, power banks designed specifically for certain devices, growth in the usage of solar and wireless charging power banks, and an increased application in wearables and IoT devices. In the forecast period, prominent trends include embracing regulatory compliance in power bank safety and standards, the emergence of smart and IoT-enabled power banks, the advent of sustainable and eco-friendly power bank solutions, the provision of personalized power banks tailored for specific consumer needs, clarification in battery sourcing and recycling measures, and the integration of power banks into equipment used for outdoor adventures.

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What Drivers Are Propelling the Growth of Power Bank Market Forward?
The escalating urban population is leading to a boosted demand for devices like smartphones and tablets globally, subsequently resulting in a greater need for power banks to charge these appliances. For example, a report issued by the Switzerland-based intergovernmental organization UN Trade and Development within the structure of the United Nations Secretariat in December 2023, revealed that urbanization has surged significantly in evolving economies over the past ten years, particularly in Asia and Oceania. During this period, the urbanization rate went up from 44.0% to 50.6% by 2022. Thus, the surging urban population is likely to drive revenue growth in the power bank market during the projection period.

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Which Emerging Trends Are Transforming the Power Bank Market in 2025?
Wireless power banks represent a significant emerging trend within the power bank industry, displaying enormous potential for future growth. This technology allows people to charge their devices from any location, offering a seamless, cord-free experience. It offers speedy charging and a multitude of charging possibilities, effectively eliminating the need for carrying additional cables or finding a place to plug them in. Prominent brands such as Samsung, Xiaomi, Ambrane, among others, have begun to invest in the production of wireless chargers compatible with a variety of smartphones. For instance, Stuffcool, a company situated in India known for producing high-quality gadget accessories, introduced a Made in India 15W wireless charging Powerbank that also has a 20W PD wired output in October 2022. This newly launched Stuffcool wireless Powerbank features a sleek, lightweight design, an LED indicator for battery level tracking, and both a micro USB port and a USB Type-C charging port.

What Are the Key Segments in the Power Bank Market?
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

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Who Are the Key Players Shaping the Power Bank Market's Competitive Landscape?
Major companies operating in the power bank market include 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.

What Geographic Markets Are Powering Growth in the Power Bank Market?
Asia-Pacific was the largest region in the power bank market in 2024. The regions covered in the power bank market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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