Wireless Power Bank Market - By Battery Type, By Capacity Range, By Application, By End Use, By Charging Technology, By Distribution Channel & Forecast, 2024 – 2032.

Wireless Power Bank Market Size

The global wireless power bank market size was valued at USD 5.6 billion in 2023 and is anticipated to register a CAGR of over 4.9% between 2024 and 2032.  The integration of wireless charging technology in smartphones, smartwatches, and other electronic devices has significantly boosted consumer demand for wireless power banks. This seamless, cable-free charging method offers unparalleled convenience, catering to the preferences of tech-savvy and busy individuals who value efficiency and simplicity.
 

Additionally, the growing consumer inclination toward lightweight, portable, and compact charging solutions has amplified the appeal of wireless power banks. These devices are designed to meet the needs of modern lifestyles, providing reliable power on the go. Ideal for travel, work, or outdoor activities, wireless power banks enhance usability and adoption by delivering a hassle-free and versatile charging experience.
 

Their portability ensures that staying connected no longer requires being tethered to a wall socket, aligning perfectly with the demands of today’s mobile-first world. For instance, according to a report by the Consumer Technology Association, 65% of consumers prefer portable charging solutions, further validating the growing demand for wireless power banks.
 

Wireless charging, while convenient, often faces efficiency challenges compared to traditional wired charging. The process typically results in slower charging times due to energy transfer limitations and greater energy loss during transmission. This inefficiency can frustrate users, especially those who prioritize fast charging for their devices. Additionally, the increased energy consumption associated with wireless charging raises concerns about its sustainability and overall practicality in high-demand situations.
 

Wireless Power Bank Market Trends

The rising demand for wireless power banks that can charge multiple devices simultaneously reflects the growing need for convenience and versatility in portable charging solutions. Consumers increasingly rely on a range of electronic devices, including smartphones, smartwatches, and earbuds, often requiring simultaneous charging. To address this demand, manufacturers are incorporating advanced features like dual-coil or multi-coil designs, enabling efficient power distribution across multiple devices. These innovations not only enhance user convenience but also streamline charging processes, making wireless power banks an indispensable accessory for tech-savvy and multitasking individuals. This trend highlights the market's shift toward multifunctional, user-friendly solutions tailored to modern lifestyles.
 

The market is experiencing substantial expansion, driven by the increasing demand for portable and convenient charging solutions. As the use of smartphones, wearable devices, and other electronics continues to rise, the need for efficient, cable-free charging options has become more prominent. Technological advancements, such as fast wireless charging, multi-device support, and integration with solar power, are further boosting the market. The demand for compact, lightweight, and eco-friendly designs is also growing, particularly among consumers who prioritize sustainability and portability. However, challenges such as higher costs, slower charging speeds compared to wired solutions, and potential heat generation issues remain.
 

Wireless Power Bank Market Analysis

Based on battery type, the wireless power bank market is classified into lithium-ion and lithium polymer. Lithium-ion dominated the market in 2023, acquiring a market of USD 4.1 billion and is expected to grow at a CAGR of 5% during the forecast period from 2024-2032 due to their high energy density, stable performance, and long cycle life, lithium-ion power banks are the preferred choice for consumers seeking portable and convenient charging solutions.
 

Technological advancements in lithium-ion batteries have enhanced charging speeds and overall performance, further cementing their market dominance. Manufacturers are continuously innovating to improve charging capabilities, introducing features such as fast charging and intelligent power management systems to meet consumer demands for quicker recharge times and optimized power delivery.
 

Based on end-user, the wireless power bank market is segmented into individual/consumer, commercial and industrial. Individual/consumer dominated the market in 2023 by acquiring a market share of 59.7% and is expected to grow at a CAGR of 5.2% during the forecast period from 2024-2032. The progression can be attributed to the increasing reliance on smartphones, wearables, and other personal electronic devices, which require constant charging. As consumers seek more convenient, cable-free charging solutions, the demand for wireless power banks has surged, particularly for on-the-go use.
 

North America accounted for market of USD 1.4 billion in 2023 and is expected to grow at a CAGR of 5.2% during the forecast period from 2024-2032. North America is home to many leading manufacturers and innovators in the consumer electronics industry, further accelerating the development and availability of advanced wireless power banks. The rising adoption of electric vehicles, which also require portable charging solutions, and an increasing focus on sustainability and eco-friendly products.
 

China dominated the Asia-Pacific wireless power bank market, capturing a 30.7% share in 2023. As the world's largest manufacturer and consumer of electronic devices, China has seen widespread adoption of smartphones, wearables, and other wireless charging-enabled gadgets. The country's rapidly expanding middle class and increasing disposable income levels have led to greater demand for convenient and portable charging solutions.
 

As one of the leading tech hubs in Europe, Germany has a high penetration of advanced electronics, including smartphones, wearables, and other smart devices that support wireless charging. The country's strong consumer base, coupled with its high disposable income, drives the demand for premium, convenient, and portable charging solutions.
 

Wireless Power Bank Market Share

The market, with prominent players, such as Anker Technology, Xiaomi, RAVPower, and Samsung SDI holds a market share of ~15%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.
 

Wireless Power Bank Market Companies

Major players operating in the wireless power bank industry include:

• ADATA Technology
• Ambrane India
• Anker Technology
• ASUS
• Aukey
• Baseus Technology
• Cellularline
• Energizer
• Intex Technologies
• Lenovo
• Microsoft
• Omnicharge
• Panasonic
• Philips
• Ravpower
• Samsung SDI
• Sony
• Syska
• Xiaomi
• Zendure
   

Wireless Power Bank Industry News

• In August 2023, ADATA launched the ADATA P20000D power bank, featuring a capacity of 20,000 mAh and supporting wireless charging alongside USB-C and USB-A ports. This product is designed for users needing reliable power on the go.
   

The wireless power bank market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Battery Type

• Lithium-ion
• Lithium polymer

Market, By End-Use Industry

• Up to 3,000 mAh
• 3,001 mAh-8,000 mAh
• 8,001 mAh-20,000 mAh
• Above 20,000 mAh

Market, By Application

• Smartphone
• Tablet
• Laptop
• Wearable devices
• Others (headsets, camera)

Market, By End Use

• Individual/consumer
• Commercial
• Industrial

Market, By Charging Technology

• Inductive charging
• Resonant charging
• RF energy harvesting

Market, By Distribution Channel

• Online
  • E-commerce platforms
  • Company websites
• Offline
  • Retail stores
  • Specialty electronics stores

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Indonesia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa