The India power bank market size reached USD 963.31 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,565.50 Million by 2033, exhibiting a growth rate (CAGR) of 11.50% during 2025-2033. Increasing smartphone penetration, rising digital payments, growing travel needs, expanding e-commerce, frequent power outages, technological advancements, declining costs, higher battery capacities, fast-charging demand, remote work trends, and government initiatives promoting electronics manufacturing are driving India's power bank market growth.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 963.31 Million |
Market Forecast in 2033 | USD 2,565.50 Million |
Market Growth Rate (2025-2033) | 11.50% |
Advanced Battery Technology and Fast Charging Solutions
Innovations in battery technology are transforming the power bank industry in India. Recently, devices have become more efficient and accessible. Research investments have increased. The goal is to improve the capacity of the battery while at the same time, lowering the time it takes to charge the battery. The hike in demand for portable power solutions will be met with fast-charging features. In 2023, it was reported that power bank efficiency increased by 13% and is expected to rise by 16% by 2025. The batteries are also equipped with features such as temperature control and voltage regulation. This is for user safety and to enhance the lifespan of the battery. The power bank will also be equipped with wireless charging. A study showed that 68% of new power banks have these features. Moreover, the elevating use of environmentally friendly materials that aid in meeting the company's sustainability goals is further augmenting the market growth.
Increasing Mobility Demands and Travel Lifestyle Shifts
Shifts in travel habits and on-the-go lifestyles have emerged as another key trend boosting the power bank market in India. Growing remote work and digital nomad culture have increased reliance on portable power solutions during long commutes and business trips. Market research revealed a 14% rise in consumer purchases of travel-friendly power banks in 2023, with forecasts predicting a 17% surge by 2025. Inflated urban migration and evolving travel preferences have also led consumers to demand devices that offer longer battery life and rapid recharging capabilities. Consumers now expect power banks to support not only smartphones but also laptops, tablets, and wearable technology. Research from 2023 indicated that nearly 55% of power bank buyers prioritized multi-device compatibility, while usage in travel settings grew by over 20%. Manufacturers are designing compact yet robust models that fit easily into carry-ons and briefcases. This trend coincides with heightened investment in portable energy storage solutions, spurred by innovations in battery chemistry the integration of solar charging features. Enhanced portability combined with efficient charging makes these products ideal for individuals constantly on the move. Increased digital connectivity and the rising cost of downtime further drive demand for reliable power banks.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product type, battery type, power rating, and application.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes portable power banks, solar power banks, and battery cases.
Battery Type Insights:
A detailed breakup and analysis of the market based on the battery type have also been provided in the report. This includes lithium-ion and lithium-polymer.
Power Rating Insights:
The report has provided a detailed breakup and analysis of the market based on the power rating. This includes below 3,000 mAh, 3,001 mAh – 8,000 mAh, 8,001 mAh – 20,000 mAh, and above 20,000 mAh.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes smartphones, tablets, portable media devices, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Product Types Covered | Application |
Battery Types Covered | Lithium-Ion, Lithium-Polymer |
Power Ratings Covered | Below 3,000 mAh, 3,001 mAh – 8,000 mAh, 8,001 mAh – 20,000 mAh, Above 20,000 mAh |
Applications Covered | Smartphones, Tablets, Portable Media Devices, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: