Portable Power Bank Statistics By Market Share, Usage and Technology
Saisuman Revankar
Updated · Jan 09, 2025
TABLE OF CONTENTS
- Introduction
- Editor’s Choice
- What is a Portable Power Bank?
- Facts About Portable Power Bank
- Advantages of Portable Power Bank
- Facts on Portable Power Bank
- General Portable Power Bank Statistics
- By Country
- By Region
- By Technology
- By Battery Capacity
- By Types
- Essential Tips for Buying a Power Bank
- Best Portable Power Banks
- Conclusion
Introduction
Portable Power Bank Statistics: According to reports, the market size of portable power banks is expected to reach around USD 13.87 billion by the end of 2023 and USD 19.21 billion by the end of 2030. The market growth of portable power banks is increasing due to the rising adoption of mobile phones and smartphones. Portable power banks offer high-speed charging with a capacity range of around 10,000mAh to 20,000mAh. In the near future, researchers expect that every company in the wireless charging power bank industry will grow enormously.
These statistics on portable power provide insights into how rapidly the power bank industry is growing worldwide.
Editor’s Choice
- In 2023, the global market size for portable power banks is estimated to reach around USD 16.89 billion, according to Future Market Insights.
- By 2033, the portable power bank industry is expected to grow to USD 55.34 billion, with a compound annual growth rate (CAGR) of 12.6% from 2023 to 2033.
- The Asia Pacific region is projected to hold the largest market share in 2023, accounting for 65% of the global market.
- According to Statista, MAXAOK power banks have the highest battery capacity in the world, with 50,000mAh, as reported in 2023.
- The United States is expected to achieve the highest market value, reaching around USD 8.57 billion, with a CAGR of 11.3% from 2023 to 2033.
- In 2023, Lithium-ion Battery technology is expected to lead the portable power bank market.
- The global market size for lithium-ion batteries is projected to grow to around USD 54.4 billion by 2023.
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What is a Portable Power Bank?
Power banks are termed rechargeable batteries or chargers which are placed within a case that provides additional life to the battery when needed for charging smartphones, smart watches, tablets, and computers. They are available in different variations such as slim size, pocket-friendly size, larger size, lower, and higher capacity.
According to Vantage market research; 2030 the portable power bank market size is expected to grow up to $26.35 billion by 2030 with a CAGR of 10.20% from 2023 to 2030.
Facts About Portable Power Bank
- Wireless charging technology has roots that go back over 100 years to inventor Nikola Tesla.
- Wireless power transfer allows electricity to be transmitted without physical wires, using a magnetic field created by a transmitter device.
- Wireless charging is useful when wires are inconvenient or dangerous, and it enhances the mobility and safety of electronic devices.
- In recent years, the global wireless charging market has grown significantly, with power banks and wireless chargers becoming more popular among consumers.
- Many types of wireless chargers are available today, especially for smartphones, which people carry and use throughout the day.
- Power banks are popular portable devices that provide power through a built-in battery, typically via a USB port.
- The power bank market offers a variety of sizes, features, and battery capacities to match different smartphone models.
- Some examples of power banks include the MAXOAK with a 50,000mAh capacity and the Anker PowerCore III Elite 25600 PD 60W with a 25,600mAh capacity.
- Charging pads and battery cases have also gained popularity, and demand for these products is expected to increase in the coming years.
- Battery cases are small power banks attached to the back of smartphones, functioning like a standard phone case but with additional charging capability.
- Examples of battery cases include the Plus Cases Wireless Charging Battery Case and the ZEROLEMON Battery Case, each with a 10,000mAh capacity.
- In-car wireless chargers are another convenient option, with many affordable choices available on the market.
- The wireless charging market includes major tech companies like Apple and Samsung, as well as smaller companies.
- Anker Innovations Technologies is a well-known company in the wireless charging market.
- Other major manufacturers include Belkin, Mophie, PopSockets, and PowerSphyir.
- As the trend for wireless charging continues to grow, smaller companies are likely to expand, and larger tech companies may invest more in this market.
Advantages of Portable Power Bank
- The portable power banks allow for boosting the device’s battery life as these days people are heavily dependent on smart devices in every field of life.
- Power banks can be used in Smartphones, smart watches, laptops, desktops, and other electronic devices.
- This device allows you to stay connected anywhere, and anytime mostly during outdoor adventures and long-distance flights.
- The significant advantages are compact, lightweight, and easily transported into pockets, handbags, and backpacks.
- This device enables multiple device charging, high-speed charging, board compatibility, long lifespan, and economical.
Facts on Portable Power Bank
- According to market research, around 65% of college students chose to purchase portable power banks.
- These days, multiple power bank manufacturers are working on portable power banks to equip devices with Type-C USB connectivity.
- The growth factors of the portable power bank industry are due to the increasing demands in the sectors of Smartphones, automobiles, and electronic device manufacturing companies.
- The category of portable power bank varies in capacity range such as 1,000 MAH to 2,500 MAH; 2,510 MAH to 5,000 MAH; 5,010 MAH to 7500 MAH; 7,510 MAH to 10,000 MAH, and above 10,000 MAH.
- According to Vantage market research, the popular type of portable power bank is Lithium-ion cells that can be recharged more than 500 times.
- The best example is the RAVPower Portable Charger External Battery Pack is Qualcomm Quick Charge 3.0 which offers around 20800mAh capacity.
General Portable Power Bank Statistics
(Source: mordorintelligence.com)
- As of the above graph analysis, the global market share of portable power banks in 2023 is predicted to be $12.54 billion.
- By the end of 2028, the market share is expected to increase by $18.77 billion with a CAGR of 8.40% from 2023 to 2028.
- The fastest and largest growing region is the Asia Pacific region and North American region respectively in 2023.
- The leading players in the industry are Lenovo, Panasonic, Philips, MI, and RealMe.
- The largest product type segment of the industry is 10001mAh to 20000mAh with a share of more than 80%.
- The top 5 manufacturers of the global portable power bank are MI, Romoss, Anker, Sunvalley, and Samsung which make a share of more than 10% in the year 2023.
By Country
- In 2023, the North American region is dominating the overall market share of portable power banks around the world.
- However, the highest market share is to be attained by China in 2023 and the market value is expected to reach above $14.03 billion with a CAGR of 14.1% between the years 2023 and 2033.
- The 2nd highest market value is going to be achieved by the United States with around $8.57 billion at a CAGR of 11.3% from 2023 to 2033.
- The sales in the European region are also flourishing and in the United Kingdom, the market value of the portable power bank industry is going to be $1.44 billion by 2033 at a CAGR of 10.9% during the forecasted year.
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By Region
(Source: coherentmarketinsights.com)
- As of reports, the largest market share of portable power banks in 2023 is going to be accounted for by the Asia Pacific region resulting in 65%.
- Furthermore, other regional shares of this industry are followed by North America (15%), and Europe (15%) respectively.
- Lastly, the Middle Eastern African and Latin American share of the industry did not increase much around 7% and 4% respectively.
By Technology
- According to the reports of Grand View Research, the global market size of lithium-ion batteries is supposed to grow around $54.4 billion by 2023.
- Whereas, the compound annual growth rate from 2024 to 2030 is expected to be 20.3%.
(Source: statista.com)
- The above graph describes the global market distribution of lithium-ion battery makers from January to August 2023.
- The highest percentage of battery makers share was achieved by CATL (36.9%).
- Furthermore, other distributions of lithium-ion battery makers are followed by BYD (15.9%), LG Energy Solution (14.2%), Panasonic (7.1%), SK On (5.1%), CALB (4.7%), Samsung SDI (4.1%), Gotion High-tech (2.1%), Eve Energy (2.1%), and Sunwoda (1.4%).
- On the other hand, according to the reports of Industry ARC, the estimated market size is around $6.5 billion by the end of 2027 with a CAGR of 7.1% from 2022 to 2027.
- According to the Research Nester reports, by the end of 2035 the market size of Nickel Cadmium Batteries is expected to reach $2 billion with a CAGR of 3% from 2023 to 2035.
By Battery Capacity
(Source: statista.com)
- As of the above graph analysis, the MAXAOK power banks have the highest battery capacity of 50,000mAh as of September 2023.
- Furthermore other portable power banks battery capacity are followed by Anker PowerCore+ 26800 (26,800mAh), Anker PowerCore III Elite (25,600mAh), Anker PowerCore (20,100mAh), Omni 20 USB-C (20,000mAh), Muto (20,000mAh), Mophie Powerstation Plus with built-in cables (12,000mAh), and INU (10,000mAh).
By Types
- Goal Zero Flip 24 Power Bank (best portable power banks for hiking purposes).
- BioLite Charge 80 PD Power Bank (best for backpacking)
- Goal Zero Yeti 200X Portable Power Station (best for car camping) and Goal Zero Yeti 500X Portable Power Station (best for large group car camping).
- BioLite BaseCharge 1500 (best for extended trips)
- EcoFlow DELTA max Portable Power Station (best for emergencies)
Essential Tips for Buying a Power Bank
- Smartphone screens are getting larger, and people are relying on their phones more than ever.
- Keeping your device powered throughout the day is important, and a power bank can help.
- Rechargeable power banks provide extra battery life for your smartphone when you’re away from an outlet.
- Power banks are especially useful if your phone’s battery runs low by early afternoon.
- Power banks can charge various devices, including smartphones, tablets, laptops, and portable game consoles like the Nintendo Switch.
- Most power banks can charge a smartphone multiple times and often have more than one output, allowing you to charge multiple devices simultaneously.
- Some power banks can even power laptops, though they are best used in emergencies when you don’t have access to a regular charger.
- When shopping for a power bank, consider the size, shape, weight, and capacity.
- A clear indication of available power is helpful, with some models showing a digital display instead of bars, such as “80% remaining.”
- Capacity, measured in milliamp hours (mAh), indicates how much power the bank can deliver before it needs recharging. The higher the mAh, the more charges it can provide.
- A 10,000mAh power bank can recharge a smartphone up to three times, while a 20,000mAh power bank can offer over six full charges.
- Actual capacity may be lower than claimed, so it’s safe to assume a power bank will provide about 60% of its stated capacity.
- Size and weight generally increase with capacity, so a 20,000mAh power bank may be too large for your pocket.
- For short outings, consider a pocket-sized model with at least 6,000–10,000mAh capacity.
- For longer trips, larger models are better but may be too big for most pockets.
- Shape and style can affect comfort, especially if you plan to carry the power bank in your pocket.
- Power banks typically have USB-A, Micro/mini USB, USB-C, or wireless charging options.
- USB-C is becoming the standard connection for most smart devices and supports fast charging.
- Wireless charging is available on some power banks, but your phone must support wireless charging to use this feature.
- Fast charging requires a compatible power bank, cable, and device.
- Most power banks can charge a standard 3,000mAh smartphone in a few hours.
- The power bank’s output must match or exceed the device’s requirements for efficient charging.
- USB-C is recommended for modern devices, as it supports fast charging and works in both orientations.
- Power banks range in price from USD 15 to USD 170, with good options available for under USD 100.
- Cheaper power banks, usually under USD 30, have lower capacities and may only provide one full charge.
- When your power bank no longer holds a charge, it can be recycled through programs like Mobile Muster in Australia.
- Drop-off points for recycling include stores like Optus, Telstra, Vodafone, Officeworks, and local council offices.
- You can also mail in your old power bank using prepaid mailing satchels available at Australia Post, JB Hi-Fi, or directly from Mobile Muster.
Best Portable Power Banks
(Source: amazon.com)
- UGreen 145W Power Bank (best power bank for charging tablets and laptops)
- The battery backup of the charger is 25,000mAh and can charge a laptop at 100W.
- These chargers include two USB-C ports and one USB-A port.
- iPhone 14 Plus can be charged at 26W, Z Fold 5 can be charged at 22W, and 96W for laptops.
- This is available at Amazon which costs around $90 – $150.
(Source: amazon.com)
- Iniu Portable Charger (best power bank on a budget used for phones and tablets)
- The batter backup is around 10,000mAh, and very compact which can be easily carried within pockets.
- These power banks have 2 normal USB ports and a single USB-C port
- This is also available at Amazon that costs around $18
(Source: media.cnn.com)
- Anker 521 Power Bank ( best portable power banks for phones)
- The battery backup capacity is 5000mAh available.
- They include 2 USB-C ports each capable of generating 45W of power.
Conclusion
As of today, after completing the article on Portable Power Bank it has been assumed that the overall market is growing enormously due to the adoption of the huge amount of Smartphones around the world. The portable power banks can charge a Smartphone 3 times more than others.
The advanced technology used in such devices has improved the features of super-fast charging capabilities and enables 2 to 3 USB ports for charging multiple devices. This article includes many effective statistics that are described elaborately and hope will help you understand the topic better.
Saisuman Revankar
Saisuman is a talented content writer with a keen interest in mobile tech, new gadgets, law, and science. She writes articles for websites and newsletters, conducting thorough research for medical professionals. Fluent in five languages, her love for reading and languages led her to a writing career. With a Master’s in Business Administration focusing on Human Resources, Saisuman has worked in HR and with a French international company. In her free time, she enjoys traveling and singing classical songs. At Coolest Gadgets, Saisuman reviews gadgets and analyzes their statistics, making complex information easy for readers to understand.
