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Wireless Power Bank Market Size

Report ID: GMI12441
Published Date: Nov 2024
Report Format: PDF

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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.

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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.

Wireless Power Bank Market Report Attributes
Report Attribute	Details
Base Year:	2023
Wireless Power Bank Market Size in 2023:	USD 5.6 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	4.9%
2032 Value Projection:	USD 8.5 Billion
Historical Data for:	2021 - 2023
No. of Pages:	225
Tables, Charts & Figures:	275
Segments covered:	Battery type, Capacity range, Application, End-user, Charging technology, Distribution channel, Region
Growth Drivers:	Increasing adoption of wireless charging technology Growing demand for portable and convenient charging solutions Rising power consumption of mobile devices
Pitfalls & Challenges:	Limited charging efficiency Heat generation during charging

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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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global wireless power bank industry was valued at USD 5.6 billion in 2023 and is projected to grow at a CAGR of over 4.9% from 2024 to 2032, driven by the integration of wireless charging technology in electronic devices.

The lithium-ion segment dominated the market with USD 4.1 billion in 2023 and is expected to grow at a CAGR of 5% from 2024 to 2032 due to their high energy density, stable performance, and long cycle life.

The North America wireless power bank market was valued at USD 1.4 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2032, driven by the presence of leading manufacturers and the rising adoption of electric vehicles.

Key players in the industry include ADATA Technology, Ambrane India, Anker Technology, ASUS, Aukey, Baseus Technology, Cellularline, Energizer, Intex Technologies, Lenovo, Microsoft, Omnicharge, Panasonic, Philips, and Ravpower.