Increase In Adoption Of Digital Products Has Fueled The Demand For Power Banks To Ensure Incessant Use Global Opportunity Analysis And Industry Forecast, 2019 - 2025
Power Bank Market Overview: The global power bank market size was valued at $ 16,338.1 million in 2017, and is projected to reach $ 19,404.2 million by 2025, registering a CAGR of 2.0% from 2019 to 2025. Power bank is a gadget that acts as a power reservoir for charging gadgets such as smartphones, tablets, and others. Increase in adoption of digital products has fueled the demand for power banks to ensure incessant use.
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Increasing use of digital products equipped with rechargeable batteries, such as smartphones, iPads, notepads, Bluetooth speakers, and headphones drives the growth of the power bank market. The emergence of new technologies in consumer electronics, such as wireless technologies, artificial intelligence, and IoT services, coupled with increase in penetration of internet services has fueled the use of gadgets, thereby boosting the growth of the market. For instance, Blaupunkt, a consumer lifestyle and technology brand in Germany, announced its plans to enter the Indian mobile accessories market with its product line of smartphones, smart watches, and others. This is expected to boost the growth of the global power bank industry during the forecast period.
Key Benefits For Power Bank Market:
This study comprises an analytical depiction of the global power bank market analysis along with the current trends and future estimations to depict the imminent investment pockets. The overall market potential is determined to understand the lucrative trends to gain a stronger foothold in the global power bank market. The report includes information related to key drivers, restraints, and opportunities with a detailed impact analysis. The current market is quantitatively analyzed from 2014 to 2025, where 2014-2016 is accounted as historical data, base year as 2017, and the forecast year is 2019-2025 to highlight the financial competency of the industry. Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the global market.
Power Bank Market Segmentation:
By Battery Type
By Power Rating
Lithium Ion
Up to 3,000 mAh
Online
Low
Lithium Polymer
3,0018,000 mAh
Offline
Mid-range
8,00120,000 mAh 20,000 mAh Above
By Distribution Channel
By Price Range
Premium Range
By Region
North America
Asia-Pacific
U.S.
China
Canada
Japan
Mexico
India
Europe UK Germany France Rest of Europe
South Korea Rest of Asia-Pacific
LAMEA Latin America Middle East Africa
Key Market Players Profiled
Samsung Electronics Co., Ltd. Sony Corporation Anker Innovation ltd GP Batteries Huawei Technologies Intex Lenovo Group Zagg Inc.
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