Industry: Semiconductor & Electronics | Publish Date: 24-Dec-2024 | No of Pages: 164 | No. of Tables: 126 | No. of Figures: 71 | Format: PDF | Report Code : SE1485
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 Sweden power bank market encompasses the production and distribution of portable battery storage devices designed to charge electronic devices such as smartphones tablets laptops and other portable devices.
The growing dependence on mobile devices and the need for an uninterrupted power supply drive the demand for reliable and convenient energy solutions. Swedens tech savvy and environmentally conscious consumers strongly influence the adoption of energy efficient power banks with a focus on sustainable materials and ecofriendly production methods.
The market benefits from Swedens advanced infrastructure and technological innovation which support the development of cutting-edge power bank technologies. The portability and versatility of power banks make them indispensable for Swedens digitally connected population particularly in a country known for its outdoor lifestyle and heavy use of electronic devices.
The expansion of Swedens e commerce sector is a significant driver of growth in the power bank market. Online shopping platforms have made it more convenient for consumers to explore and purchase portable charging solutions offering benefits such as home delivery competitive pricing and tailored product recommendations.
These features align with the growing reliance on mobile devices further boosting demand for power banks. As per a 2023 report by the International Trade Administration Swedens e commerce spending reached USD 12.8 Million in 2022. This surge in online shopping enhances the reach of power bank brands enabling them to better target consumer preferences and significantly contribute to the Sweden powerbank market growth.
The rising smartphone penetration in Sweden is a key factor driving the growth of the power bank market. As more people rely on smartphones for communication entertainment and work the demand for portable charging solutions has increased.
This trend reflects the need for convenient and reliable power sources to support the extensive use of mobile devices especially during travel or outdoor activities. The growing smartphone user base creates a steady demand for power banks fueling market expansion across the country.
The growth of the urban population in Sweden is driving the demand for power banks as the fast-paced urban lifestyle increases reliance on electronic devices. With more individuals using smartphones tablets and other portable gadgets for work entertainment and communication the need for convenient and portable charging solutions is growing.
As per a recent report by the World Bank Group Swedens urban population rose from 9.1 million in 2020 to 9.3 million a 2.2% increase over three years. This urbanization trend fuels the power bank market by boosting the demand for dependable charging solutions among city dwellers.
The availability of alternative charging options such as charging stations is hindering the growth of the power bank market in Sweden by reducing the need for portable charging solutions. Consumers increasingly rely on charging stations located in public spaces and transportation hubs which diminishes the demand for power banks.
For instance, Naki provides power bank sharing services through over 2000 stations across Europe including Sweden where users can easily rent and return power banks. Similarly, the Brick app in Sweden allows users to rent chargers using QR codes. The presence of these alternatives slows the adoption and use of power banks limiting market growth in the country.
The introduction of fast charging technologies and magnetic power banks creates significant growth opportunities for the power bank market. Fast charging solutions such as USB C Power Delivery and Qualcomm Quick Charge meet the growing demand for efficient charging by reducing charging times for consumers.
Magnetic power banks with their cable free design offer improved portability and ease of use catering to consumers' preferences for convenience and innovation. These advancements are likely to attract tech savvy users who seek compact powerful and efficient charging options driving market demand and encouraging ongoing innovation.
By type the 5001 to 10000 mAh battery capacity segment holds the largest share in the power bank market driven by its ideal balance of capacity portability and affordability. This range caters to the diverse needs of modern consumers who require reliable and efficient charging solutions for their smartphones tablets and other portable devices.
With the increasing dependence on mobile devices for communication entertainment and work the demand for power banks in this capacity range has surged as they offer multiple charging cycles for most smartphones while remaining compact and lightweight for easy portability.
Furthermore, this capacity range is highly favored by consumers in emerging markets where access to reliable electricity can be inconsistent making power banks a crucial accessory. Leading market players are continuously innovating within this segment introducing features such as dual USB ports wireless charging capabilities and integration with renewable energy sources such as solar panels which further solidifies the dominance of the 5001 to 10000 mAh segment in the Sweden power bank market.
By charging technology type MagSafe or wireless charging support is anticipated to exhibit the fastest growth in the power bank market primarily driven by increasing consumer preference for convenience and technological advancements in wireless power transfer.
The growth of this segment is also fueled by the expanding ecosystem of devices compatible with wireless charging including flagship smartphones from brands such as Apple Samsung and Google which promote the adoption of MagSafe and Qi wireless standards. MagSafe technology introduced by Apple gained significant traction due to its precise alignment mechanism ensuring efficient and reliable charging while maintaining device usability during the process.
Additionally environmental benefits such as reduced wear and tear on charging ports and cables align with consumer preferences for sustainable solutions. Manufacturers are capitalizing on these trends by introducing innovative wireless power banks with enhanced efficiency and aesthetically appealing designs propelling the Sweden power bank market demand.
Several key 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.
Note: For the latest market share analysis and in-depth Sweden Powerbank industry insights, you can reach out to us at: Access the Full Report
Up to 5,000 mAh
5,001 to 10,000 mAh
10,001 to 20,000 mAh
Above 20,000 mAh
Lithium-Ion (Li-Ion)
Lithium-Polymer (Li-Po)
Mini Power Banks
Compact Power Banks
Large High-Capacity Power Banks
Magsafe or Wireless Charging Support
Standard Charging Support
1 to 2 Ports
3 to 5 Ports
More than 5 ports
Standard Power Banks
Rugged Power Banks
Power Banks with Display Technology
Power Banks without Display Technology
Universal Power Banks
Device-Specific Power Banks
less than 15W
15-65W
66 to 200W
More than 200W
Ecommerce or Online
Offline
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
Altronics
Parameters |
Details |
Market Size in 2024 |
USD 11.7 Million |
Revenue Forecast in 2030 |
USD 14.8 Million |
Growth Rate (Value) |
CAGR of 3.6% from 2025 to 2030 |
Market Volume in 2024 |
345 Thousand Units |
Market Volume in 2030 |
479 Thousand Units |
Growth Rate (Volume) |
CAGR of 5.2% from 2025 to 2030 |
Analysis Period |
2024–2030 |
Base Year Considered |
2024 |
Forecast Period |
2025–2030 |
Market Size Estimation |
Million (USD) |
Market Volume Estimation |
Thousand Units |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |