Mobile Power Bank Market

• Increasing adoption of power banks to boost the market growth

The market for mobile power banks is anticipated to grow instantly, witnessing increasing revenue from mobile devices like smartphones & tablets and smartphone accessories. Moreover, dropping prices of smartphones are anticipated to influence market growth. Market Research Future (MRFR) expects the global mobile power banks revenues to reach USD 28.5 Billion by 2030, with a 4.50% CAGR during the review period (2022 – 2030).

Further, Power bank manufacturers deal with fierce competition within the market due to the large number of producers existing in the market. mobile power banks are extremely price driven. Manufacturers have to value their power bank devices in coordination with the price of other power banks.

Additionally, the rise of new technologies such as artificial intelligence and mixed reality paired with the internet has fuelled the launch of new technology products and their power requirements, which fuels the growth of mobile power banks. Key Players such as Samsung electronics, Sony Corporation, and Xiamoi Corporation are used to sell power banks and other electronic products under a similar brand name; this helps them to sell more quantities of power banks by the brand effect. Therefore, the use of smart devices and battery-operated electronics has enhanced the mobile power bank market CAGR across the globe in recent years.

However, the broad use of social media applications, games, and video streaming reduces the life of the battery, which ultimately provides for the necessity of power banks and thus drives the mobile Power Bank market revenue.

The Global Mobile Power Bank Market Industry is poised for substantial growth in the coming years. With a projected market value of 24.0 USD Billion in 2024, the industry is expected to reach 38.9 USD Billion by 2035, reflecting a robust CAGR of 4.5% from 2025 to 2035. This growth trajectory indicates a strong demand for mobile power banks, driven by factors such as increasing smartphone penetration, the rise of portable electronics, and advancements in charging technology. The market's expansion is likely to be influenced by evolving consumer preferences and the ongoing integration of innovative features in power bank designs.

The rise in portable electronic devices, such as tablets, smartwatches, and wireless earbuds, significantly contributes to the expansion of the Global Mobile Power Bank Market Industry. As consumers increasingly rely on multiple devices for daily tasks, the demand for power banks that can accommodate various charging needs is likely to increase. In 2024, the market is valued at 24.0 USD Billion, reflecting a growing consumer preference for versatile charging solutions. This trend is expected to continue, with projections indicating a market value of 38.9 USD Billion by 2035. The versatility of mobile power banks positions them as essential accessories in the Global Mobile Power Bank Market Industry.

The proliferation of smartphones globally drives the demand for mobile power banks. As of 2024, the Global Mobile Power Bank Market Industry is projected to reach 24.0 USD Billion, largely due to the increasing number of smartphone users who require portable charging solutions. With an estimated 3.8 billion smartphone users worldwide, the need for reliable power sources becomes paramount. This trend is particularly evident in emerging markets where smartphone adoption is surging. The convenience of mobile power banks aligns with the on-the-go lifestyle of consumers, thereby enhancing their appeal in the Global Mobile Power Bank Market Industry.

The travel industry is witnessing a resurgence, leading to a heightened demand for travel accessories, including mobile power banks. As individuals embark on journeys, the need for portable charging solutions becomes increasingly critical. The Global Mobile Power Bank Market Industry benefits from this trend, as travelers seek reliable power sources to keep their devices charged. With the market projected to grow at a CAGR of 4.5% from 2025 to 2035, the travel segment is likely to play a pivotal role in this growth. The convenience and necessity of mobile power banks during travel underscore their significance in the Global Mobile Power Bank Market Industry.

Growing environmental consciousness among consumers is influencing purchasing decisions in the Global Mobile Power Bank Market Industry. As individuals become more aware of the ecological impact of electronic waste, there is a rising demand for sustainable and eco-friendly power bank options. Manufacturers are increasingly focusing on producing power banks with recyclable materials and energy-efficient technologies. This shift towards sustainability is likely to attract environmentally conscious consumers, thereby expanding the market. The Global Mobile Power Bank Market Industry is expected to benefit from this trend, as companies align their products with the values of modern consumers who prioritize sustainability.

Innovations in charging technology, such as fast charging and solar-powered options, are reshaping the Global Mobile Power Bank Market Industry. These advancements enhance the efficiency and convenience of power banks, making them more appealing to consumers. As of 2024, the market is valued at 24.0 USD Billion, driven by the introduction of cutting-edge features that cater to the evolving needs of users. The integration of smart technology, such as battery management systems, further optimizes performance. This continuous evolution in charging solutions suggests a promising future for the Global Mobile Power Bank Market Industry, with potential growth opportunities on the horizon.

By region, the study states the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific mobile power bank sales accounted for USD 20.1 billion in 2021 and is expected to grow in coming years and witness a significant gain in revenue share over the forecast period across the region.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Mobile Power Bank Market SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The Asia-Pacific mobile power bank market is expected to grow at the fastest CAGR from 2022 to 2030. Asia Pacific region dominated the global market in 2019. The increasing population, digitization, and affordability of power banks drive the adoption of power banks in the region. Moreover, the China mobile power bank market held the largest market share, and the India mobile power bank market was the speedy growing market in the Asia-Pacific region.

North America mobile power bank market accounts for the second-huge market share due to the development in the mobile power bank because of the third biggest no. of PDA clients. Further, the German mobile power bank market held the largest market share, followed by the UK mobile power bank market was the fastest-growing market in the European region.

Major market players spend a lot of money on R&D to expand their product lines, which helps the mobile power bank sales grow even more. Market contributors are also taking a set of strategic initiatives to increase their global footprint, with key market developments such as new products, contract-based agreements, mergers and acquisitions, bigger investments, and collaboration with other organizations. Participants in the mobile power bank industry must provide cost-effective items to enlarge and survive in a highly advance and rising market environment.

One of the primary business strategies followed by producers in the global mobile power bank industry to satisfy clients and enlarge the market sector is to produce locally to lower operating costs. In recent times, the mobile power bank industry has supplied medicine with some of the most important benefits. The mobile power bank market major player such as Beijing Xiaomi Technology Co. Ltd., ADATA Technology Co Ltd (ADATA), and others are working on expanding the market demand by investing in research and development activities.

Beijing Xiaomi Technology Co. Ltd. technology product and services company founded in early 2010, focusing mainly on smartphones and Internet of Things products and related internet services. An early adopter of online smartphone sales, Xiaomi uses Android as its operating system but has its own customized user interface called MIUI. For Instance, Beijing introduced a shared power bank system that can be seen in shopping malls and train stations, and more public venues like these.

ADATA Technology Co Ltd (ADATA) is engaged in and sale of electronic components. The company offers DRAM, modules, external storage products, flash products, solid state drives, USB, flash drives, power banks, memory cards and readers, and cables and accessories. For Instance, in September 2020, the company launched XPG GAMMIX S50 Lite PCIe Gen 4x4 M.2 2280 solid-state drive (SSD).