Shared Charging Network

The Growth of the Shared Charging Economy Network The market size of mobile power banks is estimated to be $13.59 billion in 2024 and is expected to reach $20.35 billion by 2029, with a compound annual growth rate (CAGR) of 8.40% during the forecast period (2024-2029). Mobile power banks are power storage devices used to charge mobile devices such as smartphones and tablets. With the increasing popularity of mobile and connected devices, the demand for mobile power banks is also rising. The Asia-Pacific region is expected to have the highest CAGR during the forecast period (2024-2029).

Market Size:

• In 2020, the global portable power bank market size was approximately $8.8 billion.

• By 2021, the market size increased to $10.5 billion.

• In 2022, it further grew to $12.0 billion.

• In 2023, the market size reached $13.6 billion, and it is projected to reach $15.0 billion by 2024.

Growth Rate:

• From 2020 to 2024, the Compound Annual Growth Rate (CAGR) of the portable power bank market is approximately 12.5%.

Regional Market Analysis:

North America

• The markets in the United States and Canada are performing strongly, with high penetration rates of portable power banks. In 2023, the North American market accounted for about 20% of the global market and is expected to continue stable growth in the coming years.

Europe

• Germany, the UK, and France are the major markets, with demand primarily driven by smartphone users and travelers. In 2023, the European market accounted for about 25% of the global market.

Asia-Pacific

• China, India, and Japan are the fastest-growing markets, especially China, which has very high demand for portable power banks. In 2023, the Asia-Pacific region held approximately 40% of the global market share.

2025-2030 Forecast:

Regional Market Outlook

North America

• The North American market is expected to continue growing, reaching a market size of $4.0 billion by 2025 and $6.0 billion by 2030.

Europe

• The European market is expected to reach $7.0 billion by 2030, mainly due to increased emphasis on environmental and renewable energy, as well as further proliferation of smartphones.

Asia-Pacific

• The Asia-Pacific region will remain the largest market, with an expected market size of over $12.0 billion by 2030, driven by continued growth in China and India.

Demographic Analysis:

• Gender and Age:

  • Male users account for about 60% of the portable power bank market, while female users account for around 40%.

  • Young people (aged 18-35) are the primary consumer group, making up over 70% of the market. As middle-aged and elderly users become more reliant on smartphones, their market share is also expected to grow.