Power Bank Market Report: Trends, Forecast and Competitive Analysis to 2030

Power Bank Trends and Forecast

The future of the global power bank market looks promising with opportunities in the smartphone, tablet, and wearable device markets. The global power bank market is expected to reach an estimated $20.6 billion by 2030 with a CAGR of 8.4% from 2024 to 2030. The major drivers for this market are increasing demand for smartphones, reduction in the cost of power banks, and introduction of solar and hydrogen fuel cell-based power banks.

A more than 150-page report is developed to help in your business decisions.

Power Bank by Segment

The study includes a forecast for the global power bank by capacity, unit of usb port, indicator, application, and region.

Power Bank Market by Capacity [Shipment Analysis by Value from 2018 to 2030]:

• 5,001-10,000 mAh
• 10,001-15,000 mAh
• 15,001-20,000 mAh

Power Bank Market by Unit of USB Port [Shipment Analysis by Value from 2018 to 2030]:

• 1 USB Ports
• 2 USB Ports
• More Than 2 USB Ports

Power Bank Market by Indicator [Shipment Analysis by Value from 2018 to 2030]:

• LED Lighting
• Digital Display

Power Bank Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Smartphone
• Tablet
• Wearable Device

Power Bank Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Power Bank Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies power bank companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the power bank companies profiled in this report include-

• Anker Innovations
• AUKEY
• Xiaomi
• ADATA
• RAVPower
• GRIFFIN
• Lenovo

Power Bank Market Insights

Lucintel forecasts that 10,001-15,000 mAh is expected to witness highest growth over the forecast period due to its high output efficiency and longer battery life.

Within this market, smartphone will remain the largest segment due to high deployment of power banks for smartphones to keep running for a longer period of time.

APAC is expected to witness highest growth over the forecast period due to high adaption of smartphones and presence of major market players in the region.

Features of the Global Power Bank Market

Market Size Estimates: Power bank market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Power bank market size by various segments, such as by capacity, unit of usb port, indicator, application, and region in terms of value ($B).

Regional Analysis: Power bank market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different capacities, unit of usb port, indicator, applications, and regions for the power bank market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the power bank market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the power bank market size?

Answer: The global power bank market is expected to reach an estimated $20.6 billion by 2030.

Q2. What is the growth forecast for power bank market?

Answer: The global power bank market is expected to grow with a CAGR of 8.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the power bank market?

Answer: The major drivers for this market are increasing demand for smartphones, reduction in the cost of power banks, and introduction of solar and hydrogen fuel cell-based power banks.

Q4. What are the major segments for power bank market?

Answer: The future of the power bank market looks promising with opportunities in the smartphone, tablet, and wearable device markets.

Q5. Who are the key power bank market companies?

Answer: Some of the key power bank companies are as follows:

• Anker Innovations
• AUKEY
• Xiaomi
• ADATA
• RAVPower
• GRIFFIN
• Lenovo

Q6. Which power bank market segment will be the largest in future?

Answer: Lucintel forecasts that 10,001-15,000 mAh is expected to witness highest growth over the forecast period due to its high output efficiency and longer battery life.

Q7. In power bank market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to high adaption of smartphones and presence of major market players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the power bank market by capacity (5,001-10,000 mah, 10,001-15,000 mah, and 15,001-20,000 mah), unit of usb port (1 usb ports, 2 usb ports, and more than 2 usb ports), indicator (led lighting and digital display), application (smartphone, tablet, and wearable device), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?