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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Power Bank Market Analysis by Region
The Asia Pacific holds one of the largest market shares due to the growing adoption of smartphones by its increasing population base. This region also houses a strong demand for portable electronic devices such as speakers, cameras, and earphones, boosting the requirement for power banks. Governments of developing countries like India in the region are launching policies like the National Policy on Electronics to promote the manufacturing of electronic devices and components, including power banks. Moreover, rising disposable incomes, growing urban population, and healthy economic growth of countries like India and China are expected to aid market expansion in the coming years.
The power bank market in North America is expected to grow at a sizeable rate. With a large and mobile workforce, along with a strong culture of travel and outdoor activities, North Americans often find themselves away from reliable power sources. Power banks provide a convenient solution for charging devices on the go, whether it's during commutes, at work, or while exploring the great outdoors.
Power Bank Market Report Snapshots
Power Bank Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 15.7 billion.
The market is estimated to grow at a CAGR of 6.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 28.1 billion by 2032.
The market is being driven by the growth of the consumer electronics sector, increasing disposable incomes, rapid urbanisation, and government support towards digitalisation.
The key market trends are growing demand for portable and consistent power backup with multiple charging ports, increasing penetration of smartphones, and technological advancements like lithium-polymer batteries.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of power bank are smartphone and tablets, cameras, and laptops, among others.
The major players in the market are Sony Group Corporation, Huawei Technologies Co., Ltd, Koninklijke Philips NV, Xiaomi Corporation, Samsung Electronics Co. Ltd., Panasonic Holdings Corporation, Lenovo Group Limited, ASUSTEK Computer Inc, Realme Chongqing Mobile Telecommunications Corp., Ltd., and Anker Innovations Technology Co., Ltd., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124