Global Power Bank Market Size, Trends And Growth Opportunity, By Battery Type, (Lithium Ion, Lithium Polymer), By Power Rating (3000 Mah, 30001- 8000 Mah, 8001-20,000 Mah And Above 20,000 Mah), By Distribution Channel (Online And Offline) By Range (Low Range, Mid- Range And Premium Range),By Region And Forecast Till 2027.
Global Power Bank Market
The Power Bank market was valued at US$ 19.41 billion in 2021 and it is expected to reach at US$ 22.34 billion in 2027 at a CAGR of 3.4% during forecast period 2022-2027.
Power Bank is an electronic device that can store electricity for charging phones, cameras, laptop, computer and other devices. Smartphones have become essential for our day to day life and are equipped with powerful operating systems that allow user to play games, run multimedia player and others that lead to high consumption of battery in smartphone. Power bank enable the user to recharge devices such as laptop, smartphones, tablets and other devices which fostering the growth of this market.
Market Drivers
Increasing demand and usage of smartphones and other electronic devices such as tablets, notepads and digital watches, headphones influence the growth of power bank. Moreover ample use of social media applications, games and video streaming reduces the life of the battery, which leads to fuel the growth of power bank.
Market Restraint
Initiative by government in setting up charging infrastructure in public places such as airport, railway station and offices may restrain the demand for power bank.
COVID-19 Impact on Power Bank Market
With the outbreak of covid-19 the market impacted adversely due to immense slowdown in supply chain of various businesses and disruption in the production of several industries including electronics and semiconductor and many more. Further, lockdown imposed by government of different countries have announced temporary shutdown of industries which affected the businesses.
Market Segmentation
The global power bank market segmented on the basis of battery type, power rating, distribution channel and price range. On the basis of battery type it segmented into Lithium Ion, Lithium Polymer. On the basis of power rating it segmented into up to 3000 mah, 30001- 8000 mah, 8001-20,000 mah and above 20,000 mah. On the basis of distribution channel online and offline. On the basis of price range it segmented into low range, mid- range and premium range.
Regional Analysis
The global power bank market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Asia Pacific is witnessing a fastest growth in some developing countries like China and India. North America is also expecting a significant rise in global power bank market due to the largest usage of smartphones in this region.
Key Players
Various key players are listed in this report such as Lenovo Group Ltd., Microsoft Corporation, Sony Corporation, Intex Technologies, Ambrane India Pvt Ltd., Xiaomi Technology Co. Ltd., Anker Technologies, Panasonic Corporation, ASUSteck Computer, GP Batteries.
Market Taxonomy
By Battery Type
Lithium Ion
Lithium Polymer
By Power Rating
UP to 3000 mah
30001- 8000 mah
8001-20,000 mah
Above 20,000 mah
By Distribution Channel
Online
Offline
By Price Range
Low range
Mid- range
Premium range
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Global Power Bank Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
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