Mobile Power Bank Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Capacity Range (500-5999mAh, 6000-9999mAh, 10,000mAh -13000mAh, > 13000mAh), Charging Mode (Wired, Wireless), By Region, By Competition, 2020-2030F

Market Overview

The Global Mobile Power Bank Market, valued at USD 28.69 Billion in 2024, is projected to experience a CAGR of 5.21% to reach USD 38.91 Billion by 2030. A mobile power bank is a portable, rechargeable battery designed to store electrical energy and deliver it to charge various mobile electronic devices, such as smartphones, tablets, and wearables, when a wall outlet is unavailable. The market's expansion is fundamentally driven by the escalating global penetration of smartphones and other portable devices. Additionally, the increasing consumer reliance on digital content and mobile applications that demand significant device power, alongside the growing adoption of multiple portable electronic devices per user, further propels demand.

According to GSMA Intelligence, in 2023, the number of people using mobile internet globally increased to 4.6 billion, highlighting the vast ecosystem of devices requiring consistent power. Despite these growth accelerators, a significant challenge impeding market expansion stems from the ongoing advancements in internal device battery technology, leading to improved energy density and extended battery life, which could potentially reduce the perceived necessity for external power sources for some consumers.

Key Market Drivers

The increasing global penetration of smartphones and portable devices, coupled with their rising power consumption, are pivotal drivers for the power bank market. Their widespread adoption creates immense demand for portable power. According to Telefónica's Digital 2024 study, published in January 2025, an estimated 97.6 percent of the world's population was projected to own a smartphone in 2024, establishing a vast user base. Modern smart devices feature powerful components and advanced connectivity that collectively demand increased energy. Intensive engagement with applications like streaming and gaming accelerates battery depletion. For instance, according to Telefónica, in January 2025, the average daily smartphone use was anticipated to be 5 hours and one minute in 2024, a 5.6% increase over the prior year. This extended usage necessitates frequent recharges, fueling the power bank sector.

The market's expansion is also significantly propelled by the affordability and widespread accessibility of power banks. Manufacturing efficiencies have rendered these portable charging solutions cost-effective for a broad global consumer base, lowering market entry barriers. This accessibility is critically supported by notable reductions in underlying component expenses, particularly for lithium-ion batteries. According to the International Energy Agency's Global EV Outlook 2024, published in April 2024, lithium-ion battery costs have declined by 85% since 2010. This reduction in core material costs directly enables more competitive pricing for power banks, positioning them as an essential and easily obtainable accessory for today's mobile-centric consumers.

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Key Market Challenges

The Global Mobile Power Bank Market faces a significant challenge from the ongoing advancements in internal device battery technology. These developments lead to improved energy density and extended battery life within mobile electronic devices, directly reducing the perceived necessity for external power sources for many consumers. As smartphones and other portables achieve longer operational times on a single charge, the immediate need for a supplemental power bank diminishes.

This technological progression directly hampers market expansion for power banks by shifting consumer reliance towards the enhanced native capabilities of their devices. For instance, according to CTIA, in 2023, Americans utilized over 100 trillion MBs of wireless data, marking a 36% increase over 2022, showcasing intense device usage that integrated battery improvements are increasingly accommodating. Such advancements mean that despite increased digital consumption, devices are more capable of sustaining prolonged use, directly impacting the demand for supplementary charging accessories like power banks.

Key Market Trends

The Global Mobile Power Bank Market is significantly shaped by the expansion of high-capacity and ultra-fast charging capabilities. This trend directly addresses the growing power demands of modern portable electronic devices, providing users with efficient and rapid recharging solutions. Manufacturers are continually innovating to offer higher wattage outputs and larger battery capacities in their power banks. According to the USB Implementers Forum, the USB PD Revision 3.1 specification, announced in 2021, enabled power delivery up to 240W over USB Type-C® cable and connector, significantly increasing capabilities from the previous 100W limit. This advancement fosters a market where consumers expect to quickly charge not only smartphones but also more power-intensive devices like laptops. For instance, according to Anker, October 2025, in an expansion of its Nano range, the Anker Laptop Power Bank, a 25,000mAh portable charger, offered up to 100W output per USB-C port and was able to charge a 16-inch MacBook Pro (M3) or an iPhone 16 from 0% to 50% in just 33 minutes and 25 minutes respectively. This demand drives product development towards more robust and versatile charging solutions.

Another pivotal trend influencing the market is the widespread adoption of wireless and magnetic charging technologies. This development enhances user convenience by reducing reliance on cables and improving the charging experience. The integration of standards like Qi2 allows for precise alignment and more efficient power transfer, making wireless charging a practical feature for mobile power banks. According to the Wireless Power Consortium, Qi2 wireless charging technology has seen a rapid increase in certified modules, with over 87 certified Qi2 modules available by mid-2025, reflecting a significant industry shift. This growth in certified products indicates a maturing ecosystem for wireless power delivery. A clear example of this market trajectory is seen with Belkin's announcement in June 2024, when the company made available its BoostCharge Pro Magnetic Power Bank, which incorporated Qi2 wireless charging technology to deliver up to 15W of fast charging for compatible iPhones. This integration of wireless convenience into portable power solutions is broadening their appeal and utility.

Segmental Insights

The 10,000mAh - 13,000mAh segment is experiencing rapid growth within the global mobile power bank market. This segment's expansion is primarily driven by the pervasive reliance on portable electronic devices, especially smartphones, for an extensive range of daily activities including communication, multimedia consumption, and professional tasks, which significantly elevates power demand. Power banks in this capacity range strike an optimal balance between offering sufficient recharges for multiple devices and maintaining a portable form factor, crucial for users seeking convenience on the go. Furthermore, continuous advancements in fast-charging capabilities and the inclusion of multiple output ports enhance their utility, making them an indispensable accessory for ensuring uninterrupted connectivity in contemporary mobile-centric lifestyles.

Regional Insights

Asia Pacific leads the Global Mobile Power Bank Market, primarily driven by the region's vast population and extensive digital adoption. The widespread integration of smartphones and other portable electronic devices, particularly in emerging economies like China and India, creates a substantial demand for on-the-go charging solutions. Furthermore, the presence of a robust consumer electronics manufacturing base, notably in China, facilitates the production and availability of diverse power bank options. Increased disposable incomes, rapid urbanization, and the flourishing e-commerce landscape further contribute to the region's market dominance by enhancing accessibility and consumer purchasing power.

Recent Developments

• In March 2025, Elecom introduced a significant innovation to the global mobile power bank market by launching the world's first consumer power bank utilizing sodium-ion battery technology. The 9,000mAh DE-C55L-9000 model offered both 45W USB-C and 18W USB-A outputs, matching the performance levels of existing lithium-ion counterparts. This breakthrough research addressed concerns regarding safety, extended battery lifecycle with nearly 5,000 charge cycles, and improved operational reliability across a wider temperature range, while also aiming for reduced environmental impact.

• In July 2024, Ugreen expanded its product portfolio with the introduction of new Nexode Power Banks, including 12,000mAh 100W and 20,000mAh 130W models. These power banks were designed for efficient charging of various devices, from smartphones to laptops, utilizing multiple USB-C and USB-A ports. The company emphasized rapid charging and self-recharge features, making them suitable for travel and demanding power needs. This launch reinforced Ugreen’s commitment to providing versatile and high-performance portable charging solutions for the global mobile power bank market.

• In June 2024, Belkin unveiled a new series of BoostCharge Pro Magnetic Power Banks featuring Qi2 wireless charging technology. Available in 5K, 8K, and 10K capacities, these power banks provided up to 15W of fast wireless charging for compatible iPhones. The products also incorporated an integrated kickstand for convenient device usage while charging. Manufactured with a minimum of 72% post-consumer recycled materials and packaged in 100% plastic-free materials, this launch highlighted a focus on both advanced functionality and environmental responsibility within the global mobile power bank market.

• In January 2024, Anker Innovations introduced its initial range of 15W Qi2 wireless chargers and power banks at CES 2024. This new lineup featured the Anker 10K MagGo Qi2 Power Bank, designed to offer enhanced magnetic wireless charging capabilities. The product was equipped with a fold-out kickstand and an integrated display to monitor charging rates and remaining capacity, providing users with efficient portable power. These developments addressed the growing consumer demand for faster and more reliable wireless charging solutions within the global mobile power bank market, enhancing convenience for smartphone users.

Key Market Players

• Xiaomi Group
• Lenovo Group Limited
• Panasonic Holdings Corporation
• Philips International B.V.
• Sony Group Corporation
• ADATA Technology Co. Ltd
• Intex Technologies
• Samsung SDI Co. Ltd.

Report Scope:

In this report, the Global Mobile Power Bank Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Mobile Power Bank Market, By Capacity Range:

o   500-5999mAh

o   6000-9999mAh

o   10,000mAh -13000mAh

o   > 13000mAh

• Mobile Power Bank Market, By Charging Mode:

o   Wired

o   Wireless

• Mobile Power Bank Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Mobile Power Bank Market.

Available Customizations:

Global Mobile Power Bank Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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