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Power Bank Market Share

Report ID: GMI9927
Published Date: Jun 2024
Report Format: PDF

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Power Bank Market Share

Lenovo Group Ltd. and Beijing Xiaomi Technology Co., Ltd. hold a significant share of over 15% in the market. The market is fiercely contested by major players, such as Anker Technology, Xiaomi, RAVPower, and Samsung SDI, who are known for their extensive product portfolios, technological innovations, and global reach. These companies use their strong brand reputation, distribution networks, and R&D capabilities to introduce advanced power bank solutions to meet diverse consumer needs.

The power bank industry is highly competitive, driven by factors such as product innovations, pricing strategies, brand visibility, and customer service. Established manufacturers, such as Sony Corporation and Samsung SDI, offer high-quality products with reliable performance and safety standards. Emerging players, such as Aukey and Energizer, are also gaining traction with competitive pricing and innovative features.

Power Bank Market Companies

Major players operating in the power bank industry are:

Beijing Xiaomi Technology Co., Ltd.
Lenovo Group Ltd.
Anker Technology Co. Ltd.
Panasonic Corporation
Ravpower
Sony Corporation
Koninklijke Philips NV

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Global industry size for power bank was valued at USD 15.9 billion in 2023 and is anticipated to register over 9.1% CAGR between 2024 and 2032 due to the innovations in battery technology and the proliferation of e-commerce platforms.

The lithium-ion segment in the power bank market held 55% revenue share in 2023 due to its high energy density, stable performance, and long cycle life.

Asia Pacific market held 35% revenue share in 2023 due to factors, such as high smartphone penetration, rapid urbanization, and the growing mobile workforce.

Beijing Xiaomi Technology Co., Ltd., Lenovo Group Ltd., Anker Technology Co. Ltd., Panasonic Corporation, Ravpower, Sony Corporation, and Koninklijke Philips NV.