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Global Power Bank Market - Forecasts from 2024 to 2029

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LSH 24.11.04

The global power bank market is expected to grow at a CAGR of 9.28%, reaching a market size of US$24.770 billion in 2029 from US$15.897 billion in 2024.

The quintessential accessory that today's consumers cannot avoid is a portable power storage device. This device is utilized for charging rechargeable batteries, which are essential components of various electronic devices such as cell phones, wearable devices, and specialized equipment like proprietary GPS-enabled devices used in geological surveys. It can draw power from conventional or solar sources. Power banks are primarily designed to allow users to take advantage of all the conveniences offered by the Internet and to guarantee that they can obtain emergency services should the need arise without battery loss.

Moreover, the growing number of smartphones can be linked to consumers' evolving lifestyles. This is probably going to continue to be a major market-moving factor worldwide. Furthermore, consumers can refuel tablets, smartphones, and other media devices with USB ports by using power banks. The demand for power banks has increased despite the rapid advancement of technology in tablets and smartphones. These devices still have limited capacity in their batteries. Smartphones are becoming more and more applications, from online shopping to food ordering, but their small capacity batteries are not keeping up with the demand.

Global Power Bank Market Drivers:

  • Increasing demand for Li-Polymer (Lithium Polymer) battery

The Li-Polymer (Lithium Polymer) segment of the global power bank market is anticipated to grow at a relatively higher rate during the forecast period, depending on the type of battery. The unique form factor and safety features of these power banks set them apart from the competition and greatly increase their appeal. This also helps to increase the variety of power banks in terms of weight safety. More and more work is being done to create power banks that are smaller and more manageable Consumers who use a relatively greater number of devices and travel a lot would be inclined toward this type of portable power bank. Moreover, these batteries have a high conversion rate, energy density, and energy capacity. They are also relatively cheaper to manufacture due to their low production and maintenance costs.

Moreover, Li-ion batteries' high voltage makes them ideal for applications in personal computers and tablets. As a result, demand for Li-ion power banks is expected to remain strong. Hence, this segment is expected to grow at a higher rate during the forecast period of the global power bank market.

Global Power Bank Market Geographical Outlook

  • The Asia Pacific is witnessing exponential growth during the forecast period

The Asia-Pacific power bank market is driven by several important factors, such as increasing smartphone and tablet penetration among the rural population, rising urbanization levels, and disposable incomes. Another contributing factor is the extensive Internet access facilitated by the use of electronic devices like tablets and smartphones which have also contributed to increased demand for power banks in Asia. A lot of electronics are being consumed due to urbanization, which sees electronic prices go down, making it easier for people to buy them, thus increasing their consumption. Moreover, government institutions have been providing encouragement, driving growth in manufacturing sectors, such as smartphone manufacturing. This also includes other firms that produce batteries for charging devices like laptops, MP3 players, etc.

Reasons for buying this report:-

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2029
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Global Power Bank market is segmented and analyzed as follows:

By Type

  • Lithium-Ion (Li-Ion) Battery
  • Lithium Polymer (Li-Polymer) Battery

By Application

  • Digital Camera
  • Laptop
  • Portable Media Device
  • Smart Phone
  • Tablet
  • Wearable Device
  • Others

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • Israel
  • United Arab Emirates
  • Others
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Thailand
  • Taiwan
  • Others

TABLE OF CONTENTS

1. INTRODUCTION

  • 1.1. Market Overview
  • 1.2. Market Definition
  • 1.3. Scope of the Study
  • 1.4. Market Segmentation
  • 1.5. Currency
  • 1.6. Assumptions
  • 1.7. Base and Forecast Years Timeline
  • 1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY

  • 2.1. Research Design
  • 2.2. Research Processes
  • 3. EXECUTIVE SUMMARY
  • 3.1. Key Findings
  • 3.2. CXO Perspective

4. MARKET DYNAMICS

  • 4.1. Market Drivers
  • 4.2. Market Restraints
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers
    • 4.3.2. Bargaining Power of Buyers
    • 4.3.3. Threat of New Entrants
    • 4.3.4. Threat of Substitutes
    • 4.3.5. Competitive Rivalry in the Industry
  • 4.4. Industry Value Chain Analysis
  • 4.5. Analyst View

5. GLOBAL POWER BANK MARKET BY TYPE

  • 5.1. Introduction
  • 5.2. Lithium-Ion (Li-Ion) Battery
  • 5.3. Lithium Polymer (Li-Polymer) Battery

6. GLOBAL POWER BANK MARKET BY APPLICATION

  • 6.1. Introduction
  • 6.2. Digital Camera
  • 6.3. Laptop
  • 6.4. Portable Media Device
  • 6.5. Smart Phone
  • 6.6. Tablet
  • 6.7. Wearable Devices
  • 6.8. Others

7. GLOBAL POWER BANK MARKET BY GEOGRAPHY

  • 7.1. Introduction
  • 7.2. North America
    • 7.2.1. By Type
    • 7.2.2. By Application
    • 7.2.3. By Country
      • 7.2.3.1. USA
      • 7.2.3.2. Canada
      • 7.2.3.3. Mexico
  • 7.3. South America
    • 7.3.1. By Type
    • 7.3.2. By Application
    • 7.3.3. By Country
      • 7.3.3.1. Brazil
      • 7.3.3.2. Argentina
      • 7.3.3.3. Others
  • 7.4. Europe
    • 7.4.1. By Type
    • 7.4.2. By Application
    • 7.4.3. By Country
      • 7.4.3.1. Germany
      • 7.4.3.2. France
      • 7.4.3.3. United Kingdom
      • 7.4.3.4. Italy
      • 7.4.3.5. Others
  • 7.5. Middle East and Africa
    • 7.5.1. By Type
    • 7.5.2. By Application
    • 7.5.3. By Country
      • 7.5.3.1. Saudi Arabia
      • 7.5.3.2. Israel
      • 7.5.3.3. United Arab Emirates
      • 7.5.3.4. Others
  • 7.6. Asia Pacific
    • 7.6.1. By Type
    • 7.6.2. By Application
    • 7.6.3. By Country
      • 7.6.3.1. China
      • 7.6.3.2. Japan
      • 7.6.3.3. South Korea
      • 7.6.3.4. India
      • 7.6.3.5. Indonesia
      • 7.6.3.6. Taiwan
      • 7.6.3.7. Thailand
      • 7.6.3.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

  • 8.1. Major Players and Strategy Analysis
  • 8.2. Market Share Analysis
  • 8.3. Mergers, Acquisitions, Agreements, and Collaborations
  • 8.4. Competitive Dashboard

9. COMPANY PROFILES

  • 9.1. ADATA Technology Co.
  • 9.2. Ambrane India Pvt Ltd
  • 9.3. Berkshire Hathaway (Duracell Inc.)
  • 9.4. INCIPIO (Griffin Technology)
  • 9.5. Huawei Device Co., Ltd.
  • 9.6. Lenovo
  • 9.7. Panasonic Corporation
  • 9.8. Sony Corporation
  • 9.9. Syska
  • 9.10. Philips
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