Power Bank Market Size, Share, Industry, Forecast and outlook (2024-2031)

The power bank market is growing due to the increasing use of electronic devices with limited battery life, along with affordable power bank prices and rising internet/smartphone consumption.

The two main types are lithium-ion and lithium-polymer. Lithium-ion batteries are most common due to lower self-discharge and high energy density, but can be more expensive. Lithium-polymer batteries are lighter and more compact but have a smaller market share.

The Asia Pacific region is leading the power bank market due to booming digital economies, high smartphone use, and increasing e-commerce, mobile gaming, and smart device adoption.

Rising internet consumption and the strain it puts on smartphone batteries are a major factor driving the demand for power banks.