Global Power Bank Market CAGR 7.4% by 2032 | Increasing Smartphone Ownership and Heightening Reliance on Battery-powered Portable Devices to Fuel Market Growth

The global power bank market size is expected to be valued US$ 12.4 billion in 2025, reaching US$ 20.6 billion by 2032 and exhibiting a CAGR of 7.4% during the forecast period 2025-2032. The replacement of traditional mobile charging infrastructure with enterprise-grade power solutions, especially in sectors such as mining, construction, and public safety, where rugged, high-capacity power bank prove critical, is opening up unforeseen opportunities in the portable power solutions market. 

Recent Market Trends 

• Power bank based on gallium nitride (GaN) are witnessing a much superior faster charging efficiency over traditional silicon-based devices, allowing for higher power density and reduced size. 
• Finding widening acceptance in off-grid economies and disaster-prone regions, solar-integrated power bank are experiencing soaring demand from humanitarian aid agencies and defense forces. 
• Original equipment manufacturers (OEMs) such as Anker and Zendure are experimenting with embedded IoT diagnostics in premium portable power solutions to deliver real-time temperature, voltage, and battery health analytics, marking a pivot from basic utility to smart energy management tools. 
• There has been a steep rise in are replacing legacy mobile charging infrastructure. 
• Eco-conscious startups such as Nimble are adopting closed-loop manufacturing, using recycled plastic and carbon-neutral shipping, appealing to a broadening spectrum of consumers paying attention to the environmental, social, and governance (ESG) metrics of companies operating in the portable energy storage market. 

Power Bank Market in the News 

• July 2025: Anker announced that the Anker Nano Power Bank (10,000mAh) with a built-in retractable USB-C cable is now available in the U.S. for US$ 59.99. It delivers up to 45W output via both the retractable cable and USB-C port, charging latest devices such as the iPhone 16 Pro to 50% in 27 minutes. The power bank also features a 22.5W USB-A port, supporting fast charging standards such as PD, QC, and Samsung Fast Charging 2.0, and allows pass-through charging. It recharges fully in about two hours via a 30W USB-C input. The compact device includes an integrated display showing charging status, plus a built-in lanyard for convenience. 
• July 2025: The Cuktech 15 Air entered the Chinese market, featuring a large 15,000 mAh battery capacity housed in a compact and slim form factor enabled by a next-generation silicon-carbon (SiC) battery technology with an energy density of 737 Wh/L. This high energy density allows the power bank to be smaller yet powerful, capable of charging most smartphones almost twice. It supports fast charging up to 100W when multiple devices are connected, with a maximum single-port output of 90W. The power bank comes three ports: a USB Type-A and two USB Type-C ports. It is compatible with various fast charging protocols such as PD, PPS, and QC. 
• June 2025: Ambrane launched the Ambrane PowerMini 10 for ?1,299 in India. It is a compact, lightweight power bank with a 10,000mAh lithium-ion battery. It supports fast charging up to 22.5W with a built-in detachable USB Type-C cable, a USB Type-C port, and a USB-A port. It features SafeCharge technology for safe and efficient power delivery and comes with smart LED indicators. The power bank weighs 184 grams, and is flight approved for portability. The device offers a convenient and pocket-friendly charging solution for multiple devices on the go with protection from issues such as overvoltage, overload, and short circuits. 

Segment Analysis 

There is a tangible shift in the power bank market toward high-capacity models, particularly for those devices that exceed the 20,000mAh range. The reason for this proclivity is that modern consumers of portable electronics are explicitly demanding longer-lasting, multi-device charging power solutions that can keep pace with the almost constant usage of smartphones, laptops, and gaming consoles. This segment is gaining traction for its fast charging capabilities and power delivery-enabled battery packs, offering superior performance and reliability to suit the necessities of proliferating mobile digital lifestyles. Leading brands are intensifying competition with rapid product offerings, such as Anker’s launch of the Zolo Power Bank 25K in November 2024, Xiaomi’s introduction of the Power Bank 4i in August 2024, and Samsung’s rollout of a multi-device fast charging unit in May 2024. These are prime examples supporting the projected growth of the 20,000mAh portable charger category at a CAGR of 6.4% through 2032, invigorating the underlying trend in the direction of performance-optimized power solutions that blend portability with cutting-edge energy tech. 

Regional Analysis 

North America, particularly the United States, is expected to continue to present promising prospects for the portable charging solutions market, bolstered by high smartphone penetration and a strong culture of digital mobility. With smartphone adoption nearing 89% and over 130 million units shipped in 2023, the region exhibits sustained demand for smartphone power bank and high-capacity battery packs. The mature retail infrastructure across the U.S. and Canada, and widespread consumer access to premium brands are factors that have entrenched the commanding position of North America, with the region projected to secure 26% of the power bank market share by 2025. Furthermore, consumers in the region have readily adopted the dynamic blend of hybrid work, frequent travel, and outdoor lifestyles, which are fueling the demand for multi-device charging and fast-charging power bank that meet the needs of extended on-the-go usage.  

Industry Players 

The global power bank market landscape is intensely competitive and highly fragmented, with Chinese manufacturers leading the pack through cost-efficient production and technological agility. While firms in China dominate the supply of low-cost portable chargers, new entrants from emerging markets are disrupting price-sensitive segments with budget-friendly innovations. Despite the complex landscape, the top players hold only around 20% market share, highlighting the decentralized structure of this market. To stay ahead of the curve, key brands such as Anker Technology, Samsung SDI, and Ambrane India are investing in fast-charge power bank, wireless charging devices, and eco-friendly battery packs made from recycled materials.