Sweden Powerbank Market is Expected to Reach USD 14.8 Billion by 2030

24-Dec-2024

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The growing ecommerce industry along with rising adoption of smartphones in Sweden drives the Sweden Powerbank Market growth

The Sweden Powerbank Market size was valued at USD 11.7 Million in 2024 and is predicted to reach USD 14.8 Million by 2030, with a CAGR of 3.6% from 2025 to 2030. In terms of volume, the market size was 345 thousand units in 2024 and is anticipated to reach 479 thousand units by 2030, growing at a CAGR of 5.2% from 2025 to 2030.

The power bank market refers to the industry focused on the production distribution and sale of portable external batteries used to charge electronic devices such as smartphones tablets laptops and other portable gadgets.

Power banks serve as a convenient solution for consumers who need to charge their devices on the go especially when they are away from traditional power outlets. The market encompasses various types of power banks each differing in size capacity charging speed and design features to cater to diverse consumer needs.

The rise in ecommerce sector drives the expansion of the power bank market. As more people shop online the demand for portable charging solutions rises contributing to the growth of the power bank industry.

According to the International Trade Administration e commerce spending in Sweden reached USD 128 million in 2022 This surge in online shopping creates greater opportunities for power bank manufacturers and retailers to reach a larger customer base especially in a country with a highly tech savvy population.

Additionally, the rising adoption of smartphones further boosts the Sweden powerbank market growth. Smartphones have become essential tools for communication entertainment and work leading to a growing need for portable charging options.

As the number of smartphone users continues to rise in Sweden the need for reliable power sources remains consistent This trend highlights the important role of power banks in enhancing the usability of devices and encourages innovation in their design capacity and charging technology to better meet consumer needs.

However, the availability of alternative charging options such as public charging stations presents a challenge to the power bank market in Sweden. Many consumers now rely on charging stations located in public spaces and transport hubs which reduces their need for portable chargers.

For instance, Naki offers power bank sharing services through over 2000 stations across Europe including Sweden while the Brick app allows users to rent chargers using QR codes. These alternatives decrease the demand for power banks slowing their adoption in the Swedish market.

On the other hand, advancements like fast charging technologies offer significant opportunities for Sweden powerbanks market demand. Fast charging solutions such as USB C Power Delivery and Qualcomm Quick Charge address consumer demand for faster charging times.

Magnetic power banks with their cable free design provide greater portability and convenience appealing to consumers who seek innovative and practical products. These technological developments drive the demand for compact efficient charging options and encourage further innovation in the power bank industry.

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Several market players operating in the Sweden powerbank industry include Samsung Electronics Xiaomi Corp Lenovo Group Limited Otter Products LLC Anker Innovations AsusTek Computer Inc Belkin Koninklijke Philips N.V. ZAGG Inc (Mophie) Baseus Silicon Power UGREEN Veger Power Inc TP Link and Altronics among others. These companies are adopting various strategies to remain dominant in the market.

Key Insights from the Sweden Powerbank Market Report:

  • The information related to key drivers, restraints, and opportunities and their impact on the Sweden powerbank market is provided in the report

  • The value chain analysis in the Sweden Powerbank market study provides a clear picture of the roles of each stakeholder

  • The report provides an analysis of the Sweden Powerbank market share and competitive landscape of key players in the industry.

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