A Power Bank is a gadget which is used for a power reservoir for charging gadgets such as tablets, smartphones, and others. The consumer shift towards digital products has fueled the demand for power banks to ensure incessant use. The growing use of digital products with rechargeable batteries, such as tablets, iPads, smartphones, notepads, Bluetooth speakers, and headphones drives the growth of the global power bank market. The emergence of new technologies in consumer electronics, such as artificial intelligence, wireless technologies, and IoT services, coupled with an increase in penetration of internet services has fueled the use of gadgets, thereby lead the growth of the market.
The increase in sales of power banks on e-commerce websites & online portals and, the rise in demand for smartphones has accelerated the growth of the global power bank market across the globe. However, factors such as emerging trends of wireless charging and improved battery capacity of electronic devices can act as a challenge for market growth.
Key Factors Impacting Market Growth:
• Growing demand from emerging counties
• Surging adoption of smartphones and other electronic gadgets
• Power drainage due to large - scale digitization
• Reduction in costs of power banks
• The rapid growth of online retail platforms
Regional Analysis:
By region, the power bank market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region.
Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for power bank market.Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the power bank market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.
Companies Covered: Beijing Xiaomi Technology Co. Ltd., Microsoft Corporation, Panasonic Corporation, Sony Corporation, ASUSTeK Computer, Anker Technology Co., Intex Technologies, Lenovo Group Ltd., and Ambrane India Private Ltd...
Market Segmentation:
By Capacity:
• Up to 3,000 mAh
• 3,001 mAh-8,000 mAh,
• 8,001 mAh-20,000 mAh
• Above 20,000 mAh
By Battery Type:
• Lithium-Ion Batteries
• Lithium Polymer Batteries
By Source:
• Electric
• Solar
By End User:
• Industrial/B2B
• Consumer Electronics
By Distribution Channel:
• Online Distribution
• Offline Distribution
By Region:
• North America
◦ By Country (US, Canada, Mexico)
◦ By Capacity
◦ By Battery Type
◦ By Source
◦ By End User
◦ By Distribution Channel
• Western Europe:
◦ By Country (Germany, UK, France, Spain, Rest of Western Europe)
◦ By Capacity
◦ By Battery Type
◦ By Source
◦ By End User
◦ By Distribution Channel
• Eastern Europe:
◦ By Country (Russia, Turkey, Rest of Eastern Europe)
◦ By Capacity
◦ By Battery Type
◦ By Source
◦ By End User
◦ By Distribution Channel
• Asia Pacific
◦ By Country (China, Japan, India, Rest of Asia Pacific)
◦ By Capacity
◦ By Battery Type
◦ By Source
◦ By End User
◦ By Distribution Channel
• Middle East:
◦ By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
◦ By Capacity
◦ By Battery Type
◦ By Source
◦ By End User
◦ By Distribution Channel
• Rest of the World
◦ By Region (South America, Africa)
◦ By Capacity
◦ By Battery Type
◦ By Source
◦ By End User
◦ By Distribution Channel
Reasons To Buy This Report:
• Market size estimation of the global power bank market on a regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country
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