PUBLISHER: TechSci Research | PRODUCT CODE: 1879338
PUBLISHER: TechSci Research | PRODUCT CODE: 1879338
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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.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 28.69 Billion |
| Market Size 2030 | USD 38.91 Billion |
| CAGR 2025-2030 | 5.21% |
| Fastest Growing Segment | 10,000mAh -13000mAh |
| Largest Market | Asia Pacific |
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 Telefonica'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.
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.
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(R) 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.
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:
Company Profiles: Detailed analysis of the major companies presents in the Global Mobile Power Bank Market.
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: