The global power bank market is growing at a considerable CAGR of 11.2% during the forecast period. Availability of low-cost power banks and easy access to purchasing power banks from online portals are some other promoters to the growth of the power bank market. As many manufacturers have entered into this market they are gaining market share by adopting of low-cost penetration strategy and are using low-cost raw material thereby declining the performance of power banks. Despite this, innovation in power banks to make them favorable in cases of charging multiple devices is likely to offer an immense opportunity to the growth of this market.
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For instance, in June 2020, Xiaomi Technology Co., Ltd. had brought out a new massive power bank. It is regarded as massive owing to its capacity for charging small phones which are considered up to ten times as it is having 30,000 MAH which supports faster charging. With regards to maintaining the power, the company had offered a special mode for charging smaller devices such as fitness bands and Bluetooth headsets. This device contains a USB type-A port, one micro-USB port along with a USB type – C port involved in it. The USB – A along with USB type – C port 18 W support for faster charging. Additionally, Type C also can charge the power bank itself. Further, it can charge at a time 3 devices with its capacity.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Power Bank Market by Battery Technology
- Lithium-Ion Battery
- Lithium Polymer Battery
Global Power Bank Market by Application
- Smartphones & Tablets
- Laptops
- Others (Camera, Smart Band, Wireless Headset)
Global Power Bank Market by Energy Source
- Electric
- Solar
Global Power Bank Market by Charging Mode
- Wired
- Wireless
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Ambrane India Pvt. Ltd.
- Anker Technology Co., Ltd.
- AsusTeK Computer Inc.
- Beijing Xiaomi Technology Co., Ltd
- CBAK Energy Technology, Inc.
- Co.,LTD. (Adcom)
- Intelligent Energy Ltd.
- Intex Technologies
- Lenovo Group Ltd.
- LG Chem, Ltd.
- Microsoft Corp.
- MiPowIPOW
- OnePlus Technology Co., Ltd.
- Panasonic Corp.
- Ravin Group
- Samsung Sdi Co., Ltd.
- Sandberg A/S
- Sony Corp.
- Telco Accessories BV (Xtorm)
- UNU Electronics Inc.
- ZAGG, Inc.
- ZENDURE USA INC.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global power bank market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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