Electrical Industry Today

AC Power Bank Market to Expand at 9.1% CAGR by 2035 – Driven by Portable Energy Demand and Smart Charging Innovations

The AC Power Bank Market will expand from USD 4.64 billion in 2024 to USD 12.0 billion by 2035, registering a CAGR of 9.1%, fueled by rising portable power demand, smart charging innovation, and increasing mobile device usage worldwide.
Published 01 November 2025

Overview

The AC Power Bank Market is rapidly evolving as consumers and industries demand reliable, portable power solutions for modern electronic devices. Valued at USD 4.64 billion in 2024, the market is expected to grow to USD 12.0 billion by 2035, expanding at a compound annual growth rate (CAGR) of 9.1% from 2025 to 2035.

This growth is fueled by the surge in smartphone adoption, remote work trends, outdoor activities, and advancements in battery and charging technology. AC power banks, which allow users to charge laptops, drones, cameras, and other AC-powered devices, are becoming indispensable for professionals and travelers seeking mobility and reliability.

Market Summary

  • Market Size 2024: USD 4.64 Billion
  • Market Size 2025: USD 5.06 Billion
  • Market Size 2035: USD 12.0 Billion
  • CAGR (2025–2035): 9.1%
  • Base Year: 2024
  • Historical Data: 2019–2023
  • Forecast Period: 2025–2035
  • Forecast Units: USD Billion
  • Report Coverage: Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

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Key Market Dynamics

1. Growing Demand for Portable Power

The increasing number of digital devices in daily use—ranging from smartphones and tablets to laptops and cameras—has created a sustained demand for portable charging solutions. AC power banks cater to this trend by offering high-capacity output and compatibility with multiple devices.

2. Increasing Smartphone Penetration

With billions of smartphone users worldwide, reliable charging has become essential. The expansion of 5G networks and power-intensive applications further accelerates the need for high-capacity AC power banks.

3. Advancements in Battery Technology

Breakthroughs in lithium-ion and solid-state battery technology have enhanced the energy density and safety of AC power banks, leading to longer lifespans, faster charging speeds, and improved energy efficiency.

4. Rising Outdoor Activities

Camping, hiking, and adventure tourism have surged post-pandemic, creating higher demand for off-grid power solutions. Portable AC power banks provide an essential energy source for electronic gadgets, drones, and portable lighting systems.

5. Surge in Remote Work Trends

As hybrid and remote work models expand globally, employees and freelancers seek mobile charging solutions that support laptops, monitors, and communication devices while traveling or working outdoors.

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Key Market Opportunities

Rising Demand for Portable Energy:

  • Consumers increasingly rely on portable energy solutions to support multiple devices while on the go.

Growth in Outdoor Activities:

  • Adventure enthusiasts and outdoor professionals are driving demand for high-capacity and weather-resistant power banks.

Increasing Consumer Electronics Usage:

  • The rise of wearable tech, tablets, and IoT-enabled devices is expanding the market’s consumer base.

Expansion of Electric Vehicle Market:

  • Portable AC power banks are finding applications in charging smaller EV accessories and emergency backup power.

Development of Smart Charging Solutions:

  • Integration of AI-based power management and USB-C PD (Power Delivery) standards is improving efficiency and device compatibility.

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Market Segmentation

The AC Power Bank Market is segmented based on:

  • Application: Consumer Electronics, Automotive, Industrial, and Others
  • Charging Capacity: Below 10,000 mAh, 10,000–25,000 mAh, 25,000–50,000 mAh, Above 50,000 mAh
  • Consumer Segment: Individual, Commercial, and Industrial Users
  • Technology: Lithium-ion, Lithium Polymer, Solid-State, and Others
  • Regional Outlook: North America, Europe, Asia-Pacific (APAC), South America, and Middle East & Africa (MEA)

This segmentation allows stakeholders to identify emerging trends, target niche markets, and design tailored product strategies.

Regional Insights

  • North America: Dominates the global market due to a tech-savvy population, widespread adoption of smart devices, and strong outdoor recreation culture.
  • Europe: Focuses on sustainable and eco-friendly energy solutions, with rising adoption of solar-integrated power banks.
  • Asia-Pacific (APAC): Expected to register the fastest growth, driven by rapid smartphone penetration, urbanization, and the growing base of remote professionals in countries like China, India, Japan, and South Korea.
  • South America: Witnessing increased adoption due to expanding digital connectivity and consumer electronics markets.
  • Middle East & Africa (MEA): Showing potential growth, fueled by urban expansion and increasing investments in energy-efficient portable products.

Competitive Landscape

The AC Power Bank Market is highly competitive, with leading players focusing on innovation, battery performance, and design efficiency to enhance consumer experience.

Key Companies Profiled:

  • iWalk
  • TP-Link
  • Anker Innovations
  • Zendure
  • Mophie
  • ZMI
  • Goal Zero
  • OmniCharge
  • Belkin
  • RavPower
  • Aukey
  • Huntkey
  • Baseus
  • Lenovo
  • Xiaomi

These companies are investing heavily in smart charging technologies, fast-charging circuits, and sustainable battery materials to cater to diverse user demands.

Emerging Trends

  • Integration of Wireless and USB-C PD Fast Charging
  • Eco-friendly and Solar-powered Power Banks
  • AI-based Battery Management Systems (BMS)
  • Rugged and Waterproof Designs for Outdoor Use
  • Adoption of Solid-state Batteries for Enhanced Safety

Conclusion

The AC Power Bank Market is set for strong growth through 2035, driven by rising mobility needs, technological innovation, and the demand for flexible power solutions. As the global population becomes increasingly connected, AC power banks will evolve beyond backup devices to become core components of the modern mobile lifestyle.

In summary, the market will grow from USD 4.64 billion in 2024 to USD 12.0 billion by 2035, at a robust CAGR of 9.1%, underscoring its strategic importance in the evolving energy ecosystem.

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