Power Banks Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
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.
Power Banks Market Size:
Global 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 significant opportunity for the investors in the market.
Power Banks Market Share:
Power Banks market is
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
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, Asia-Pacific has anticipated to the hold the most significant share in the market due to the presence of crucial vendors and China being the largest manufacturer of the power banks across the globe. North America is expected to hold significant shares in the market owing to the rise in funds
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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
by the government in manufacturing latest power banks.
Power Banks Market Trends:
- Xiaomi launches new power bank with a capacity range of 20000 mAh with the support of QUALCOMM 3.0 quick charging
- Xiaomi collaborated with Hipad technology to manufacture power banks in India as a third party
Power Banks Market Research Reports:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROC in the current market and their impact in altering the market dynamics
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Lenovo Group
- Microsoft Corporation
- Asustek technology
- Beijing Xiaomi Technology
- Sony Corporation
Along with these companies, there were many other companies are considered in the report while analysing the Power banks market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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