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Power Bank Market Trends

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

Power Bank Market Trends

Wireless charging integration into power banks involves the incorporation of Qi wireless charging technology, enabling users to recharge their devices without the need for cables. Several manufacturers have introduced power banks with built-in wireless charging pads, allowing users to simply place their Qi-compatible devices on the power bank's surface to initiate charging. For instance, in May 2024, Samsung launched two new power banks with 10,000mAh and 20,000mAh battery packs, featuring Power Delivery (PD) wireless charging with USB PD 3.0 fast charging protocol. The 10,000mAh model supports up to 25W power output in wired charging mode and 10W in wireless charging mode, while the 20,000mAh model supports up to 45W power output.
 

The demand for high-capacity and fast-charging power banks stems from the increasing power requirements of modern devices and the desire for quick recharge times. Consumers seek power banks with larger battery capacities that can provide multiple charges to their devices before needing to be recharged themselves. Additionally, fast-changing technologies such as Qualcomm quick charge and USB Power Delivery (USB PD) are becoming standard features in premium power bank models, enabling rapid charging of compatible devices. Manufacturers continue to innovate and iterate on their power bank offerings to deliver products that provide ample power reserves and rapid charging capabilities, enhancing the overall user experience and driving market growth.
 

For example, in April 2024, Ambrane introduced the PowerLit 45, a compact power bank designed for fast charging and laptop compatibility. It supports Type-C laptop charging, ensuring quick charging for professionals and students. The PowerLit 45 supports multiple fast charge protocols, including quick charge 2.0/3.0, power delivery 2.0/3.0, PPS, AFC, turbo charge, and Huawei super-fast charge. Its compact and lightweight design makes it easy to carry in a bag or pocket.

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.

Power Bank Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 291
  • Countries covered: 21
  • Pages: 220
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