Portable Charger Market is predicted to reach USD 17522.2 billion at a CAGR of 10.30% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Portable Charger Market”.

Market Research Future (MRFR) has published a cooked research report on the “Portable Charger Market” that contains information from 2019 to 2032. The Portable Charger Market is estimated to register a CAGR of 10.30% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Portable Charger Market— Anker Innovations, Sony Europe B.V., Accutronics Ltd., Rizk National Industries LLC, Chengdu Khons Technology Co. Ltd., Omnicharge Inc., Platinet, Samsung SCI Co. Ltd., Lzen Electronics, and ARD Accessories Pvt. Ltd.

Market Highlights

The global Portable Charger Market is accounted to register a CAGR of 10.30% during the forecast period and is estimated to reach USD 17522.2 billion by 2032.

The increasing demand for a variety of digital devices, including smartphones, laptops, tablets, digital cameras, and others, is anticipated to drive the growth of the portable charger market.

Segment Analysis

The global Portable Charger Market has been segmented based on the Type, Application, and Sales Channel.

Based on Type, the market is segmented into Single Solar Plate, LED Light, and Voltage Adjustable. The Single Solar Plate segment was attributed to holding the largest market share in 2023. Single solar plates provide a convenient and portable charging solution suitable for on-the-go use. Their lightweight, compact design makes them well-suited for outdoor activities, travel, and emergencies where conventional power sources may be unavailable or impractical.

Based on the Application, the Portable Charger Market has been segmented into Mobile Phones, Digital Cameras, MP3 & MP4 Devices, Automotive, Laptop, and Others. The Mobile Phones segment was expected to hold the largest market share in 2023. The smartphone industry has experienced continuous growth and evolution, with an expanding array of models and an increasing share of the market. Smartphones, which integrate mobile telephones and computing functionalities into a single device, have become ubiquitous. However, the limited battery capacity and extensive information processing capabilities inherent in smartphones have created a demand for portable chargers.

Based on the Sales Channel, the Portable Charger Market has been segmented into Online and Offline. The Offline segment was expected to hold the largest market share in 2023. Physical stores offer advantages such as tailored customer assistance, exclusive promotions, and special deals, along with additional services like device repairs, enhancing overall customer satisfaction. Moreover, they provide immersive in-store experiences, contributing to heightened customer engagement.

Regional Analysis

The global Portable Charger Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Portable Charger Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Portable Charger Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Portable Charger Market comprises the Middle East, Africa, and Latin America.

The largest market share for the Portable Charger Market was maintained by the North American regional sector. People rely heavily on electricity to power their consumer electronics, necessitating a continuous and uninterrupted power supply. However, there has been a notable increase in power outages worldwide attributed to changing weather patterns, storms, and aging infrastructure. For instance, the United States experienced a surge in power outages in 2021 due to extreme weather events such as storms and snow. According to a Climate Central report from September 2022, 83% of power outages in the US between 2000 and 2021 were caused by weather-related phenomena like wildfires and snowstorms. In response to these challenges, individuals and businesses are seeking alternative power sources to keep their smartphones, laptops, tablets, and other electronic devices operational during blackouts. Ensuring reliable power sources has become a priority for people, particularly in the event of unexpected power failures or natural disasters. Consequently, the increasing prevalence of power outages is driving demand for power banks.

Moreover, the Europe market has been persistently growing over the forecast period. The widespread adoption of smartphones throughout Europe has heightened the demand for uninterrupted device usage, whether for communication, navigation, or entertainment purposes. In 2021, approximately 474 million people in Europe, accounting for 86% of the population, subscribed to mobile services. Notably, Germany and the UK are expected to contribute to over a third of the anticipated 6 million new subscribers by 2025. The mobile technologies and services sector generated 4.5% of GDP in Europe in 2021, translating to approximately €760 billion of economic value added. Furthermore, as of June 2022, 208 mobile operators across 79 markets worldwide had introduced commercial 5G services, with 108 operators operating in 34 European markets. Travelers, in particular, are seeking reliable power solutions, significantly driving the growth of the European portable charger market. Moreover, technological advancements, such as increased battery capacities and faster charging capabilities, are further propelling the market's growth rate. The market's response to the expanding digital lifestyle is evident in the development of compact, lightweight, and stylish portable charger models. As the European population increasingly integrates smartphones into various aspects of life, the power bank market is poised to thrive, catering to the evolving needs of an increasingly connected society.

The Asia-Pacific power bank market is experiencing growth driven by several factors, including the widespread use of consumer electronic devices such as smartphones and tablets, increased power consumption due to technological advancements, and occurrences of electric outages. For example, India's draft National Policy on Electronics (NPE), released by the IT ministry, has set an ambitious target of establishing a USD 400 billion electronics manufacturing industry by 2025, with the mobile phone devices segment expected to contribute three-fourths of the production. According to the International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker, India's smartphone market shipped 146 million smartphones in 2023, experiencing a nominal 1% year-over-year (YoY) growth. The market saw a notable 11% YoY growth in the second half of the year, compensating for a sharp 10% decline in the first half. Shipments in the fourth quarter of 2023 increased by 26% YoY, with 37 million units shipped, fueled by stronger-than-expected shipments in the latter part of the quarter, coupled with the launch of several new models.

Furthermore, the rest of the world's Portable Charger Market is divided into the Middle East, Africa, and Latin America. The growing number of smartphone users in several countries across the Middle East, Africa, and Latin America regions is anticipated to drive the expansion of the portable charger market. Among the 20 selected regions, Brazil ranks highest in terms of smartphone users, with 167.54 million users, followed by Mexico with 98.54 million users.

Key Findings of the Study

• The global Portable Charger Market is expected to reach USD 17522.2 billion by 2032, at a CAGR of 10.30% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the huge population and the increased utilization of electronic appliances in the region.


• Based on Type, the Single Solar Plate segment was attributed to holding the largest market in 2023, with an approximate market share of 55–60%.


• Anker Innovations, Sony Europe B.V., Accutronics Ltd., Rizk National Industries LLC, Chengdu Khons Technology Co. Ltd., Omnicharge Inc., Platinet, Samsung SCI Co. Ltd., Lzen Electronics, and ARD Accessories Pvt. Ltd. are the key market players.