South Korea Power Bank Market Size, Share, and COVID-19 Impact Analysis, By Battery Type (Lithium-ion, Lithium-polymer), By Capacity Range (Up to 5,000 mAh, 5,001-10,000 mAh, 10,001-15,000 mAh, and Above 15,000 mAh), By End-User (Consumer Electronics, Industrial, and Others), and South Korea Power Bank Market Insights, Industry Trend, Forecasts to 2035.

South Korea Power Bank Market Insights Forecasts to 2035

• The South Korea Power Bank Market Size Was Estimated at USD 60.98 Million in 2024
• The South Korea Power Bank Market Size is Expected to Grow at a CAGR of around 1.72% from 2025 to 2035
• The South Korea Power Bank Market Size is Expected to Reach USD 73.60 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Power Bank Market Size is anticipated to reach USD 73.60 Million by 2035, growing at a CAGR of 1.72% from 2025 to 2035. The market is driven by robust growth owing to the increased use of smartphones, portable gadgets, and the shift toward high-capacity and fast-charging power solutions.

Market Overview

The South Korea power bank market is expanding firmly, fueled by the country's high smartphone penetration rate, growing travel requirements, and the need to stay constantly connected digitally. Rising use of portable battery packs in technologically adept and mobile-first South Korea is increasing among youth, business professionals, and outdoor consumers. This is growing with the growth in e-learning, mobile gaming, and work-from-home due to COVID-19. Players are launching miniaturized, fast-charging, high-capacity power banks with WiFi and USB-C. Besides, the growth in the adoption of solar-powered and renewable energy-based power banks is propelling market growth.

Report Coverage

This research report categorizes the market for the South Korea power bank market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea power bank market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea power bank market.

Driving Factors

South Korea's highly growing smartphone and other smart device penetration is the major growth driver.  Because individuals tend to own more than one smart device and need to remain connected at all times, they require reliable portable charging technology. Power banks are also seeing growing use with greater travel, in-office mobility, and outdoor use like hiking and camping. With the advent of solar charge, rapid charging, and high-density lithium batteries, power banks are now a daily necessity device.

Restraining Factors

Smartphone battery advancements and the growing use of fast-charging infrastructure decrease dependence on power banks. Quick-charging capabilities and long-lasting batteries are features of some more recent smartphone models that reduce the need for regular recharges.

Market Segmentation

The South Korea Power Bank Market share is classified into battery type, capacity range and end user.

• The lithium-ion segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea power bank market is segmented by battery type into lithium-ion and lithium-polymer. Among these, the lithium-ion segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The constant connection with smart devices, low cost, and high energy density are the main reasons for its appeal. Lithium-ion cells are used by well-known brands because of their accessibility and effective charge-discharge cycles.

• The 10,001–15,000 mAh segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea power bank market is segmented by capacity range into up to 5,000 mAh, 5,001–10,000 mAh, 10,001–15,000 mAh, and above 15,000 mAh. Among these, the 10,001–15,000 mAh segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The power banks enable numerous device charges in a single cycle by striking a balance between portability and capacity. They are becoming more and more popular among gamers and business travellers who require powerful devices without being bulky.

• The consumer electronics segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea power bank market is segmented by end user into consumer electronics, industrial, and others. Among these, the consumer electronics segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Smartphones, tablets, smartwatches, wireless headphones, and portable speakers are all included in this category. There is a steady need for mobile charging solutions as a result of the widespread use of digital lifestyle devices and rising screen time and content consumption. These days, power banks are seen as necessary accessories in metropolitan homes.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea power bank market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Samsung Electronics
• LG Energy Solution
• Xiaomi Korea
• Anker Innovations
• Lenovo Group limited
• Zagg Inc.
• Belkin International
• Baseus
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea power bank market based on the below-mentioned segments:

South Korea Power Bank Market, By Battery Type

• Lithium-ion
• Lithium-polymer

South Korea Power Bank Market, By Capacity Range

• Up to 5,000 mAh
• 5,001–10,000 mAh
• 10,001–15,000 mAh
• Above 15,000 mAh

South Korea Power Bank Market, By End User

• Consumer Electronics
• Industrial
• Others