Global Mobile Power Bank Market Insights Forecasts to 2033

• The Global Mobile Power Bank Market Size was Valued at USD 21.12 Billion in 2023
• The Market Size is Growing at a CAGR of 4.4% from 2023 to 2033
• The Worldwide Mobile Power Bank Market Size is Expected to Reach USD 32.50 Billion by 2033
• North America is expected to Grow fastest during the forecast period.

The Global Mobile Power Bank Market Size is Anticipated to Exceed USD 32.50 Billion by 2033, Growing at a CAGR of 4.4% from 2023 to 2033.

Market Overview

Smartphones have become an essential part of our daily lives, and they are equipped with powerful operating systems such as Android, Symbian, and iOS, which allow the user to play games, run multimedia players, access video calling, and stay connected to the outside world via high-speed internet services, resulting in high battery consumption in smartphones. Mobile power banks are portable battery charging devices that allow users to charge their mobile devices anywhere and at any time. It is a medium-sized electronic device that includes a special battery and electronic circuits for controlling the power flow range. Mobile power banks allow users to store electrical energy based on capacity (mAh) and charge small computing devices such as smartphones and tablets. A mobile power bank is a portable battery with a circuit that stores energy from the input source and vents it as needed. These gadgets are currently gaining immense popularity around the world as a result of the increased adoption of digital products.

Report Coverage

This research report categorizes the market for the global mobile power bank market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global mobile power bank market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global mobile power bank market.

Driving Factors

The growing adoption of smartphones around the world is a key factor driving the global mobile power bank market. Smartphones have become ubiquitous, and their capabilities have grown far beyond simple communication. As smartphones become more prevalent in our daily lives, the demand for dependable and convenient power sources has grown, making mobile power banks an essential accessory. Smartphone adoption has increased dramatically across all demographics, from urban centers to rural areas. Several key factors contribute to this proliferation. The availability of affordable smartphones has enabled a wider range of people to own one. This has democratized access to technology, increasing the demand for power banks. Smartphone technology is constantly evolving, with features such as larger displays, high-resolution cameras, and faster processors. While these advancements improve the user experience, they often consume more power, emphasizing the importance of power bank usage. Smartphones are useful for a variety of purposes, including work, entertainment, education, and health.

Restraining Factors

Price competition is a double-edged sword in the global mobile power bank market, as it can both drive growth and present significant challenges for manufacturers and consumers. While competition often results in lower prices and greater affordability, excessive price pressure can harm the market in a variety of ways. Intense price competition in the mobile power bank market can erode manufacturers' profit margins. To offer competitive prices, companies may need to cut costs, use lower-quality components, or engage in price wars, all of which may hamper the market growth.

Market Segmentation

The global mobile power bank market share is classified into capacity, battery type, power bank type and number of ports.

• The 10000mAh -15000mAh segment is expected to hold the largest share of the global mobile power bank market during the forecast period.   

Based on the capacity, the global mobile power bank market is categorized into 1000-2500mAh, 2600-5000mAh, 5000-10000mAh, 10000mAh-15000mAh, and others. Among these, the 10000mAh -15000mAh segment is expected to hold the largest share of the global mobile power bank market during the forecast period. These power banks have high output efficiency and a longer life. Thus, extensive use of data and internet services via smartphones is one of the primary factors contributing to the Mobile Power Bank Market revenue. However, these power banks have LEDs or LCDs to indicate battery level and are in high demand among consumers because they are less expensive than power banks with capacities greater than 15,000 mAh.

• The Li-ion segment is expected to hold a significant share of the global mobile power bank market during the forecast period.   

Based on the battery type, the global mobile power bank market is categorized into Li-polymer, and Li-ion. Among these, the Li-ion segment is expected to hold the largest share of the global mobile power bank market during the forecast period. Lithium-ion batteries have numerous advantages, including low self-discharge, high energy density, and low maintenance. However, lithium-ion batteries are expensive to manufacture due to the high costs and complex preparation processes required.

• The solar charger segment is expected to grow at a substantial CAGR growth of the global mobile power bank market during the forecast period.   

Based on the power bank type, the global mobile power bank market is categorized into portable, USB plugin, and solar charger. Among these, the solar charger segment is expected to grow at a substantial CAGR growth of the global mobile power bank market during the forecast period. Solar energy is becoming increasingly popular as an environmentally friendly alternative because it has the added benefit of being able to recharge without electricity, which, in addition to being energy-efficient, is especially useful while traveling.

• The multiple port segment is expected to grow at a substantial CAGR growth of the global mobile power bank market during the forecast period.   

Based on the number of ports, the global mobile power bank market is categorized into single port, multiple port, and others. Among these, the multiple port segment is expected to grow at a substantial CAGR growth of the global mobile power bank market during the forecast period. These power banks are large and come with a variety of extra features, including DC output ports for charging laptops, USB Type C ports, and quick charge functionality.

Regional Segment Analysis of the Global Mobile Power Bank Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global mobile power bank market over the predicted timeframe.

Asia Pacific is projected to hold the largest share of the global mobile power bank market over the forecast period. The Asia-Pacific power bank market is growing due to the increasing use of consumer electronic devices, particularly smartphones and tablets, increased power consumption of electronic devices as a result of technological advancements, and power outages. Power bank adoption in Asia-Pacific is expected to increase due to rising disposable income, urban population growth, and increased smartphone and tablet penetration in rural regions.Government support for electronics manufacturing and falling lithium-ion battery costs are driving the Asia Pacific power bank market.

North America market is expected to grow at the fastest CAGR growth during the forecast period, due to the third biggest no. of PDA clients. According to GSMA Intelligence, 80% of the population of North America holds technology-based smartphones which is much bigger than other regions and is expected to grow up to 91% over the forecast period which aids the North American market growth. These factors are expected to boost the overall growth of the mobile power bank market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global mobile power bank market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Beijing Xiaomi Technology Co. Ltd.
• Lenovo Group Ltd
• Microsoft Corporation
• Panasonic Corporation
• Sony Corporation
• Adata Technology Co. Ltd.
• Asustek Computer Inc.
• Ambrane India Pvt. Ltd.
• Anker Technology Co. Ltd.
• Intex Technologies (India) Ltd.
• OnePlus Technology (Shenzhen) Co. Ltd.
• UNU Electronics Inc.
• Samsung SDI Co. Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2023, UBON has launched a new PB-X35 Transparent Power Bank in India, which stands out from other power banks on the market due to its distinct transparent aesthetic. It has a peak power output of 22.5 watts, allowing phones to charge quickly, as well as twin input charging connectors and a 2.0A output charging port, which allows you to charge two devices at the same time. The power bank includes overheating, short circuit, and overcharge protection to keep the charger and devices safe.

• In January 2023, Ambrane, a consumer electronics brand, has announced the launch of the Stylo Boost Power Bank, which has a 40000mAH battery capacity, a 60W ultrafast charging capacity, and the ability to charge smartphones and laptops.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2033. Spherical Insights has segmented the global mobile power bank market based on the below-mentioned segments: 

Global Mobile Power Bank Market, By Capacity

• 1000-2500mAh
• 2600-5000mAh
• 5000-10000mAh
• 10000mAh -15000mAh
• Others

Global Mobile Power Bank Market, By Battery Type

• Li-polymer
• Li-ion

Global Mobile Power Bank Market, By Power Bank Type

• Portable
• USB Plugin
• Solar Charger

Global Mobile Power Bank Market, By Number of Ports

• Single
• Multiple
• Others

Global Mobile Power Bank Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa