Power Bank Market Set for Strong Growth — A Premium Opportunity for Retailers
In the era of smartphones, tablets, wearables and mobile lifestyles, the global power bank market is entering a phase of robust expansion. According to recent research by IMARC Group, the market reached approximately USD 12.2 billion in 2024 and is projected to grow to about USD 21.3 billion by 2033, at a compound annual growth rate (CAGR) of 6.1 %.
Key growth drivers include: rising demand for portable and emergency charging solutions, increased remote‑working and mobile gaming, more travel and outdoor usage, and shifting consumer preference toward high‑capacity, fast‐charging and wireless charging power banks.
From a retailer’s perspective, now is an excellent time to stock and promote models with differentiators such as: ultra‑high capacity (20,000 mAh+), fast‑charging (PD/USB‑C, 100 W+), wireless or magnetic charging, rugged/solar variants, and trusted brand names.