Middle East and Africa Power Banks Market – Growth & Forecast (2024

Middle East and Africa Power Banks Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Power banks are the devices used to store energy and charge digital devices instantaneously. Now a day’s change in technology has introduced smartphones, tablets, and many other digital devices. Increased applications and latest functionality are said to consume more power in the devices and drain the battery. Power banks are introduced to charge them quickly which are compact in size and design that makes them easy to carry anywhere. Lithium batteries are used to manufacture power banks to make them affordable in the market.

The Middle East & Africa Power Banks Market Size:

The Middle East & Africa Power Banks market price is valued at $XX Billion in 2017 and is projected to expand at a CAGR of XX% during 2018 to 2024 to reach $XX Billion. Increase in the number of people shifting towards 4G & 5G network, Increasing usage of smartphones, reduction in the costs of power banks, increased power consumption by digital gadgets, a rapid increase in economic status of emerging nations, growing online retailing industries are the significant parameters promoting the market growth. Poor quality of power banks, improvements in battery standardisation in latest electronic devices, wireless charging and dash charging technologies are hampering the growth of the market. The high cost of recycling Li-ion battery, increasing demand for quality products at low prices are the critical challenges faced by the market. Usage of solar and hydrogen cells in the power banks is the

Middle East and Africa Power Banks Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

significant opportunity for the investors in the market.

The Middle East & Africa Power Banks

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Middle East and Africa Power Banks Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Market Share:

Power Banks market is classified by product type, by battery type, by capacity range, by end-users, and by geography. By product type, portable power banks, solar power banks, and battery case power banks are the segments of the market. Solar power banks are anticipated to be the fastest growing segment in the market during the forecast period owing to the increasing adoption of these devices due to their energy efficiency, and their ability to get charged without a power source. Portable power banks segment is the most significant shareholder in the market in 2017 due to their compact size and design. Based on battery type, Lithium-ion battery and Lithium polymer battery are the segments of the market. By capacity, 10,000-12,999 mAh range of power banks held the most significant share in the market in 2017 due to the increasing demand for power banks that can be used to charge smartphones multiple times. By end-user applications, power banks have seen their usage in smartphones, digital cameras, tablets, and laptops. Out of these, smartphones held the most significant share in the market owing to the increasing use of these devices in recent days. Based on geography, South America and Middle East & Africa is anticipated to rise with a consistent growth rate during the forecast period

The Middle East &

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