Power Bank Market Size, Latest Trends with Growth Opportunities 2027
Description
The global power bank market size is projected to grow from USD 9 billion in 2020 to USD 15.4 billion in 2027. It is projected to grow at a CAGR of 8.5% from 20210 to 2027. Market estimates for the size of the market are assessed by the COVID-19 Impact Analysis, which includes detailed analysis of various regions. The 8001-20000mAh offers high performance efficiency and longer battery life depending on the power capacity. Lithium polymer batteries are more in demand because they are lightweight, durable, and have a flat shape. In addition, the trend of secondary batteries for battery production and the popularization of wireless power banks are increasing demand worldwide. These trends will expand the global power bank market during the forecast period.
Factors affecting the power bank market during the forecast period:
The increase in power consumption of smartphones and the decline in power bank prices are driving the global power bank market. Moreover, the integration of new and advanced technologies and the increasing adoption of smart phones and portable devices integrated with higher power consumption devices are driving the market growth of power banks.
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In addition to power banks, various companies manufacture power banks powered by solar energy or hydrogen fuel cells. These aspects provide a variety of opportunities in the global market. Growing adoption of wearable technology and a good distribution network will provide many growth opportunities.
Poor quality of Power Banks hinders market growth.
A poor quality power bank can cause overheating, shorten the battery life of your device and, in the worst case, burn, limiting market growth.
The growth of the market is hampered by the growing preference for wireless charging of smartphones and rental power banks among consumers.
Suspension of power bank manufacturing plants and suspension of orders due to COVID-19 poses significant challenges to the global power bank market.
The complex production process and the high recycling cost of lithium-ion batteries pose many problems.
Moreover, in a highly competitive market, it is very difficult for new entrants to compete with incumbents unless they develop their own products.
The impact of COVID-19 on the power bank market:
The market is plunged into chaos as the COVID-19 pandemic (global pandemic) significantly stagnates supply chains for various companies, eroding business confidence and heightening customer panic. It is expected to affect the sales of leading companies in the future. The overall growth rate has declined due to the COVID-19 pandemic. It may also affect projected and planned investments in the market. Electronics manufacturing centers are temporarily closed to reduce the spread of COVID-19 between individuals.
Report Scope
This report outlines the study of the global Power Bank market based on battery type, USB unit, indicator, capacity, energy source outlook and application.
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On the basis of battery type, the auxiliary battery market is segmented into:
Lithium Ion (Li-Ion) Batteries
Lithium Polymer (Li-Polymer) Batteries
On the basis of USB Port Unit, the auxiliary battery market is segmented into:
1 USB Ports
2 USB Ports 2+
USB Ports
Based on the indicator, the power bank market has been segmented as follows:
On the basis of LED light
digital display
capacity, the power bank market is segmented into:
Up to
3,000mAh
3,001–8,000mAh
8,001–20,000mAh Over 20,001mAh
Energy Sources Based on forecast, the power bank market has been segmented as follows:
On the basis of power
solar
application, the power bank market is segmented into:
Smartphone
Tablet
Laptop
Portable Media Device
Wearable Device
Digital Camera
Power Bank Market: Regional Outlook
The global market for Power Bank has been geographically segmented into five regions: North America, Asia Pacific, South America, Europe and Middle East & Africa (MEA). Asia Pacific is the largest and fastest growing region for the global power bank market in North America and Europe. The Asia Pacific market is expected to witness significant growth in revenue share over the forecast period owing to the growing number of users of electronic devices and the accompanying increase in demand for auxiliary batteries.
Major Global Power Bank Market Competitors Include:
The global power bank market is highly fragmented with a large number of small players worldwide. The key players operating in the global Power Bank market are:
ADATA Technology Company Limited
Anker Innovation Limited
Xiaomi Corporation
Lovepower
Griffin Technologies
Lenovo Group Limited
Zagg Incorporated (Fur)
Ambrane India Private Limited
Intex Technologies Limited
Omni Charge Corporation
BBK Electronics Corporation (Realme)
Panasonic Corporation
Sony Corporation
Syska Mobile Accessories
Huawei Technologies Limited.
Power Bank Market Repository
rt provides an exhaustive analysis of macroeconomic factors and market attractiveness of all sectors. The report includes an in-depth qualitative and quantitative assessment of the sector/region outlook along with market participants in the sector and region/country. Information included in reports includes inputs.
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Power Bank Market report covers comprehensive analysis of:
Market Segmentation and Regional Analysis
10-Year Market Size
Price Analysis
Supply-Demand Analysis
Product Lifecycle Analysis
Porter’s Five Forces and Value Chain Analysis
Developed and Emerging Economies Analysis
Pest Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks and Trends
Conclusions and Recommendations
Regulatory Status
Patent Analysis
Competitive Situation
More than 15 Company Profiles
Power Bank Market Regional Analysis Includes:
North America (USA, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, other Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, other Europe)
Asia Pacific (China, Japan, India, Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, other Asia Pacific regions)
Middle East and Africa (Saudi Arabia, UAE, South Africa, North Africa, other MEA regions
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Powerbank Market: Target Audience
Powerbank Manufacturers
Battery Manufacturers, Distributors and Suppliers
Consumer Electronics Contributors
Publications and Magazines Trade
Government Agencies, Associations and Organizations
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