Global Power Bank Market Outlook, Opportunities And Strategies
Learn about the global power bank market through The Business Research Company, which provides information on power bank market size, power bank market drivers and restraints, power bank market players, the COVID-19 impact on the power bank market, and more.
The global power bank market is expected to grow from $11.52 billion in 2020 to $12.88 billion in 2021 at a compound annual growth rate (CAGR) of 11.89%. The growth in the power bank market is mainly due to the rising demand and adoption of smartphone globally, increasing electronic device consumption, affordability of power banks, and high sales of power banks through e-commerce websites and various online portals. The market is expected to reach $17.61 billion in 2025 at a CAGR of 8.12%
The huge rise in urban population is expected to drive innovation in power bank manufacturing, thus driving the market during the forecast period.
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The power bank market consists of sales of power banks and related services. A power bank or a portable charger enables a user to charge their smartphones, laptop, tablet, and other media devices with a USB-enabled connection. These power banks can be reused multiple times by simply recharging them. There are various types of power banks available in the market which include standard power banks which can be charged using a normal USB port and solar power banks which use sunlight to charge up and contain photovoltaic panels.
Global power bank market segments include:
By Battery Type: Lithium Ion, Lithium Polymer
By Price Range: Low, Medium, High
By Application: Smart Phone, Tablet, Digital Camera, Laptop, Others
By Distribution Channel: Online, Offline
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the power banks market in 2020.
Wireless power banks are key emerging trend in the field of power bank market which have a potential for expansion in the future. This will enable people to charge their electronic devices from anywhere with excellent touchless experience. These types of power banks provide faster charging and multiple charging options. The user does not have to take the pain of carrying an extra cable and plugging it in.
TBRC’s power bank market report covers:
Major Market Players: Ambrane India Pvt. Ltd., ADATA Technology Co. Ltd., Anker Innovations Technology Co. Ltd., AsusTeK Computer Inc., Griffin Technology, Intex Technologies India Ltd., Lenovo Group Ltd., Panasonic Corporation, RAVPower, Sony Corporation, Xiamoi Corporation, AUKEY, Dll Inc., Duracell Inc., Easyacc, iWALK Global, Microsoft Corporation, myCharge, Omnicharge, Syska, TP-Link Technologies Co. Ltd., Uimi Technology Pvt. Ltd., OnePlus Technology Co. Ltd., UNU Electronics Inc, and Samsung SDI Co Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Power Bank Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides power bank market overviews, analyzes and forecasts market size, share, power bank market players, power bank market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s power bank market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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