Emerging Trends to Reshape the Power Bank Market: Launch Of Wireless Power Banks as a Key Influencer

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Power Bank Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of power banks has been experiencing a robust growth over the past few years. It is projected to rise from $18.59 billion in 2024 to $20.24 billion in 2025, marking a compound annual growth rate (CAGR) of 8.9%. The notable growth in the past can be credited to several factors such as the rise in the use of mobile devices and smartphones, increased demand for portable and backup power options, growth in travel and outdoor activities, use in emergency preparedness for disasters, and stringent regulations for battery safety.

Power Bank Market Size Forecast: What's the Projected Valuation by 2029?
In the forthcoming years, the power bank industry is projected to experience a surge in its market size, escalating to $31.93 billion by 2029, reflecting a compound annual growth rate (CAGR) of 12.1%. Factors contributing to this predicted expansion during the forecasted period include the advent of high-capacity, quick-charge power banks, rising popularity of electric scooters and bikes, bespoke power banks tailored for specific gadgets, advancements in solar and cordless charging power banks, plus increased utilization in wearable tech and IoT devices. Some significant trends anticipated within the forecast period encompass regulatory adherence regarding power bank safety measures and standards, intelligent power banks integrated with IoT, green and sustainable power bank solutions, uniquely customized power banks based on individual user demands, transparency in battery procurement and recycling processes, along with the incorporation of power banks into outdoor adventure equipment.

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What Are the Drivers Transforming the Power Bank Market?
The significant surge in the urban population is contributing to an escalated demand for smartphones and tablets globally. This phenomenon is further intensifying the need for power banks to power up these devices. For example, a report published by UN Trade and Development, a Switzerland-based intergovernmental organization within the United Nations Secretariat, revealed in December 2023 that urbanization in developing economies, especially in Asia and Oceania, has experienced a remarkable rise over the previous decade. The rate of urbanization has grown from 44.0% to 50.6% by 2022. Consequently, the substantial growth in the urban populace is anticipated to boost the revenue generation in the power bank market during the forecast period.

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What Are the Key Trends Driving Power Bank Market Growth?
An emerging trend within the power bank market is the rise of wireless power banks, which carry significant growth potential for the future. This advancement allows individuals to charge their electronic devices from any location, offering a touch-free and efficient experience. These power banks enable swift and flexible charging experience, eliminating the need for users to carry additional cables or plug in devices. Brands such as Samsung, Xiaomi, Ambrane, and others have begun investing in the production of wireless chargers suitable for various smartphones. In October 2022, Stuffcool, an Indian company known for its high-quality accessories for smartphones, tablets, and laptops, introduced a new 15W wireless charging Powerbank made in India with a 20W PD wired output. This recently launched Stuffcool wireless Powerbank features a lightweight, sleek design, an LED indicator for monitoring battery percentage during charging and discharging, a micro USB port, and a USB Type-C charging port.

Which Segments in the Power Bank Market Offer the Most Profit Potential?
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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Which Firms Dominate the Power Bank Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential 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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