The global portable power bank market size was USD 13469.56 million in 2023 and market is projected to touch USD 25574.62 million by 2032, at a CAGR of 6.0% during the forecast period.

The term "power bank" refers to a portable battery that has a circuit to store energy from an input source and release it when needed. Due to the increased use of digital items, these gadgets are today extremely popular all over the world. Additionally, its distinctive qualities, such as mobility, versatility, fast charging, and low cost drive their demand among tech-savvy consumers. A power bank is the best choice to keep the gadget from shutting off in the event of a protracted power loss or an inconsistent electrical source. Power banks can be used to charge a variety of devices, including laptops, tablets, digital cameras, mobile phones, and other electronics.

The increase in sales of power banks on online portals and e-commerce websites, as well as the rise in demand for power banks for laptops and wearable devices, are the main drivers driving the growth of the global power bank market size, according to a power bank market analysis. On the other hand, the emergence of wireless power banks and the development of solar and hydrogen fuel-based power banks are predicted to provide a lucrative opportunity for the growth of the power bank industry.