Global Power Bank Market Size & Outlook, 2023-2030
Global power bank market, 2018-2030 (US$B)
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Global power bank market highlights
- The global power bank market generated a revenue of USD 17,780.0 billion in 2023 and is expected to reach USD 31,063.6 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.3% by 2030.
- In terms of segment, 8,001 mah-20,000 mah accounted for a revenue of USD 6,277.8 billion in 2023.
- 8,001 mAh-20,000 mAh is the most lucrative capacity range segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 17,780.0 billion |
| Market revenue in 2030 | USD 31,063.6 billion |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | 8,001 mah-20,000 mah |
| Fastest growing segment | 8,001 mAh-20,000 mAh |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Up to 3,000 mAh, 3,001 mAh-8,000 mAh, 8,001 mAh-20,000 mAh, Above 20,000 mAh |
Other key industry trends
- In terms of revenue, the North America accounted for 15.2% of the global power bank market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 2,995.6 billion by 2030.
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Power Bank Market Scope
Power Bank Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global power bank market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to power bank market will help companies and investors design strategic landscapes.
8,001 mah-20,000 mah was the largest segment with a revenue share of 35.31% in 2023. Horizon Databook has segmented the Global power bank market based on up to 3,000 mah, 3,001 mah-8,000 mah, 8,001 mah-20,000 mah, above 20,000 mah covering the revenue growth of each sub-segment from 2018 to 2030.
Market Dynamics
Increasing adoption rate of smartphones among consumers across the globe due to their changing lifestyle is likely to remain an important driving factor for global power banks market. Smartphones have been ruling the emerging markets such as India, China, and Brazil etc. as the technologies are becoming cheaper, also the market expects to be successful in emerging markets where there is a lack in the power grids. The market growth is projected to rely on developing markets as the other developed markets such as North America, Japan, and Western Europe has reached satiety.
A power bank would keep the devices up and running at all the times. Power bank would give uninterrupted access to use the social network, instant messaging on the internet, playing games, GPS, booking tickets for the train, bus and airline without making the consumer stand in the long queues. Mobile consumer-electronic devices, especially smartphones, get power from batteries which have a limited city.
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Target buyers of Global power bank market databook
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Our clientele includes a mix of power bank market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global power bank market , including forecasts for subscribers. This global databook contains high-level insights into Global power bank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global power bank market size, by regions, 2018-2030 (US$B)
Top 10 countries: Power bank market size, 2023 (US$B)
Global power bank market share, by capacity range, 2023 & 2030 (%, US$B)
Power bank market: Opportunity assessment by country
Global power bank market, by region, 2023 (US$B)
| Capacity Range | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 775.1 | 1,108.1 | 1,332.8 | 1,677.1 | 2,049.0 | 2,702.6 | 3,265.0 | 3,701.0 | 3,933.0 | 4,162.5 | 4,325.0 | 4,468.2 | 4,585.0 | 7.8% |
| Overall | 775.1 | 1,108.1 | 1,332.8 | 1,677.1 | 2,049.0 | 2,702.6 | 3,265.0 | 3,701.0 | 3,933.0 | 4,162.5 | 4,325.0 | 4,468.2 | 4,585.0 | 7.8% |
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