According to Stratistics MRC, the Global Power Bank Market is accounted for $9.16 billion in 2020 and is expected to reach $19.79 billion by 2028 growing at a CAGR of 11.0% during the forecast period. The factors driving the market growth are increasing adoption of smart phones & electronic devices and price drop in power banks etc g are major factors driving the growth of the market. However, increasing preferences for wireless charging technologies and improved batteries are hampering the market.
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By product, solar segment is experiencing considerable market growth, as solar power bank is powered by the energy harnessed from sunlight. They are useful during camping trips, where electricity sockets are unavailable and charging equipment for emergencies is essential. Most of them can be charged alternatively using a USB. The demand for these devices is projected to increase in the coming years owing to the growing popularity of solar energy as an environmentally-friendly alternative. Based on the geography, Asia Pacific, due to growing number of users of electronic devices, large-scale digitization, availability of affordable power banks and penetration of e-commerce in the electronics industry are driving the product demand in this province.
Some of the key players profiled in the Power Bank Market include Xiaomi Corporation, Lenovo Group Limited, Panasonic Corporation, Koninklijke Philips N.V., Sony Corporation, Beijing Xiaomi Technology Co. Ltd.,, Microsoft Corporation,, Adata Technology Co., Ltd, Asustek Computer Inc., Ambrane India Pvt. Ltd, Anker Technology Co. Ltd., Intex Technologies (India) Ltd.,, OnePlus Technology , UNU Electronics Inc, Samsung SDI Co. Ltd.
Battery Types Covered:
• Lithium-Ion (Li-Ion) Battery
• Lithium Polymer (Li-Polymer) Battery
Unit of USB Ports Covered:
• 1 USB Port
• 2 USB Ports
• More than 2 USB Ports
Charging Modes Covered:
• Wired
• Wireless
Products Covered:
• Electric
• Solar
Indicators Covered:
• LED Lighting
• Digital Display
Capacities Covered:
• 1,000–5,000 mAh
• 5,001–10,000 mAh
• 10,001–15,000 mAh
• 15,001–20,000 mAh
• Above 20,001 mAh
Price Ranges Covered:
• Low
• Medium
• Premium
Applications Covered:
• Digital Camera
• Laptop
• Portable Media Device
• Smart Phone
• Tablet
• Wearable Device
• Other Application
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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