Top Power Bank Companies

Power Bank Market size was valued at USD 14.92 Billion in 2024 and is poised to grow from USD 16.3 Billion in 2025 to USD 33.03 Billion by 2033, growing at a CAGR of 9.23% during the forecast period (2026–2033).

Global power bank market is highly fragmented by numerous small players. This creates a fierce competition in the market and makes it difficult for smaller players to maintain their current market position. As new entrants are also entering the market it is becoming more competitive to sustain. Some of the major players includes- Xiaomi Corporation, Ambrane, Oneplus, and Realme. These companies provide power banks at a very competitive price. 'Anker (China) ', 'Aukey (China) ', 'Panasonic Corp. (Japan) ', 'Foxconn (USA) ', 'Xiaomi (China) ', 'Samsung (South Korea) ', 'RavPower (China) ', 'ZAGG Inc. (USA) ', 'Berkshire Hathaway (USA) ', 'Goal Zero (USA) ', 'Zendure (USA) ', 'Jackery (USA) ', 'Tronsmart (China) ', 'Poweradd (China) ', 'iMuto (China) ', 'Tylt (USA) ', 'Ugreen (China) ', 'EasyAcc (China) ', 'Romoss (China) ', 'Yoobao (China) ', 'PNY (USA)'

Rising demand of power banks due to digitalization of different sectors like e-commerce and service sectors. Due to the increasing number of electronics devices for various operations. Amount of time spent on social media by the global population is also fueling the market. In earlier days social media was only used for sharing photos and messages but nowadays various products like customized gifts, and T-shirts etc. are also marketed and sold through social media.

Key manufacturers are improving their product standards to reduce the hazards of using lithium-ion batteries instead of Nickel-Cadmium. Lithium-ion batteries have high energy density. Lithium-ion batteries are comparatively safer than other batteries.

The Asia-Pacific region dominates the global power bank market due to growing population and large scale digitization. The extensive adoption of smart-phones and tablets in emerging markets like China and India due to improvement in living standards and rise in income. The no. of smartphone users in China increased from 0.96 billion in 2020 to 1.03 billion in 2021.