PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1753157
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1753157
Global Power Bank Rental Services Market to Reach US$21.4 Billion by 2030
The global market for Power Bank Rental Services estimated at US$9.4 Billion in the year 2024, is expected to reach US$21.4 Billion by 2030, growing at a CAGR of 14.7% over the analysis period 2024-2030. Micro USB, one of the segments analyzed in the report, is expected to record a 16.0% CAGR and reach US$13.1 Billion by the end of the analysis period. Growth in the Type C segment is estimated at 13.0% CAGR over the analysis period.
The U.S. Market is Estimated at US$2.6 Billion While China is Forecast to Grow at 19.7% CAGR
The Power Bank Rental Services market in the U.S. is estimated at US$2.6 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 19.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.7% and 13.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.7% CAGR.
Global Power Bank Rental Services Market - Key Trends & Drivers Summarized
Why Are Power Bank Rental Services Emerging as Urban Mobility Essentials?
Power bank rental services have emerged as a convenient and increasingly essential solution for smartphone users seeking to recharge their devices in transit. These services allow users to rent a fully charged portable battery from strategically placed kiosks, typically located in malls, airports, cafes, hospitals, train stations, and event venues. By enabling return at any networked location, they address a critical gap in mobile energy access-especially in high-density urban settings where people rely heavily on their phones for navigation, payment, work, and social interaction.
The surge in mobile device dependency, especially in gig economies and app-based service ecosystems, has made uninterrupted power supply a functional necessity. With average screen time and battery usage rising due to streaming, gaming, and mobile commerce, users are actively seeking energy autonomy without the need to carry personal chargers or power banks. Power bank rental stations offer a frictionless experience, often integrating with mobile payment apps and offering flexible rental periods that cater to both short-term and extended usage needs.
How Are Technology and Business Models Shaping the Service Ecosystem?
The power bank rental service ecosystem is being reshaped by IoT-enabled kiosks, cloud-based inventory tracking, app-based rentals, and QR-code-enabled transactions. Providers are leveraging digital infrastructure to monitor battery availability, user analytics, and location demand in real-time. AI-based algorithms optimize fleet distribution and device rotation for maximum utilization and minimal downtime. Integration with e-wallets, ride-hailing apps, and location-based marketing platforms enables a seamless customer journey while opening avenues for monetization through cross-promotions and partnerships.
Emerging business models include pay-per-use rentals, subscription-based charging access, and B2B kiosk deployments in retail or entertainment venues. Some companies are bundling services with other smart city applications, offering bundled IoT charging stations for bikes, scooters, or EVs. Modular battery swapping, fast-charging capabilities, and improved lithium-polymer designs are also elevating the hardware quality, making power banks more reliable and lightweight. As competition intensifies, providers are differentiating through network density, app experience, loyalty programs, and real-time customer support.
Where Is Market Penetration Accelerating Across Urban and Travel Ecosystems?
Asia-Pacific-particularly China, Japan, and South Korea-leads the global power bank rental services market, where ubiquitous mobile payment adoption and dense urban populations have created ideal conditions for scalable deployment. China, in particular, has established a highly saturated network of kiosks in metro stations, malls, and night markets, with companies like Energy Monster and Jiedian driving innovation. Southeast Asian markets such as Thailand, Malaysia, and Indonesia are experiencing rapid growth as digital infrastructure expands and tourism rebounds post-pandemic.
In Europe and North America, the market is gaining traction in airports, stadiums, and tourism hotspots, with companies like Chargefon, ChargedUp, and FuelRod deploying shared charging stations across high-footfall locations. The U.S. market is still nascent but growing in cities with strong tourism, public transport, and tech adoption. Global hotel chains, event organizers, co-working spaces, and university campuses are adopting rental power banks as value-added amenities. As demand grows for temporary energy access in events, conferences, and outdoor festivals, rental services are becoming a standard part of the mobile convenience toolkit.
What’s Driving the Global Growth of Power Bank Rental Services?
The growth in the global power bank rental services market is driven by increasing smartphone dependency, expanding urban mobility, digital wallet integration, and the rising demand for hyper-convenience in modern lifestyles. As mobile devices become integral to navigation, entertainment, and transactions, consumers are prioritizing access to reliable power during travel, commuting, and long workdays. Power bank rental services meet this need without requiring upfront investment or bulk-carrying, creating a flexible energy-as-a-service model.
The convergence of smart city initiatives, public-private partnerships, and 5G infrastructure rollouts is also supporting kiosk deployment in transport hubs, retail centers, and public venues. Partnerships with venue owners, ride-sharing firms, and fintech companies are expanding service ecosystems while improving user experience and visibility. As hardware becomes more compact, faster-charging, and recyclable, the environmental impact of shared battery networks is being reduced, improving ESG profiles. With increasing urbanization, rising app adoption, and global mobility trends, power bank rental services are poised for scalable, cross-market growth as the next frontier in shared digital infrastructure.
SCOPE OF STUDY:
The report analyzes the Power Bank Rental Services market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Micro USB, Type C, iOS Cable); Application (Mobiles, Laptops, Other Applications); End-Use (Airports, Cafes & Restaurants, Bars & Clubs)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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