IMARC Group, a leading market research company, has recently released a report titled “Power Bank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global power bank market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Power Bank Market?
The global power bank market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.22% during 2023-2028.
What is Power Bank?
A power bank is a portable device designed to charge electronic gadgets like smartphones, tablets, and laptops when access to a traditional power source is unavailable. Comprising one or more rechargeable lithium-ion or lithium-polymer batteries housed in a compact case, it stores electrical energy for later use. Power banks come in various capacities, measured in milliampere-hours (mAh), to suit different charging needs. They typically feature USB ports for both input (charging the power bank itself) and output (charging other devices). Some advanced models may also offer features like fast charging, wireless charging, and multiple outputs. Power banks are especially useful for travelers, outdoor enthusiasts, or anyone who spends extended periods away from electrical outlets, ensuring that essential devices remain operational.
Request For a Free PDF Sample Report: https://www.imarcgroup.com/power-banks-market/requestsample
What are the Growth Prospects and Trends in the Power Bank Industry?
The widespread adoption of smartphones is naturally leading to increased demand for power banks which represents one of the key factors driving the growth of the market across the globe. As smartphones become more feature-rich, their battery consumption also rises, necessitating auxiliary power sources. In today's fast-paced world, people are constantly on the move, often spending long hours away from traditional power sources. Power banks offer the convenience of charging devices anytime, anywhere, thus making them indispensable for travelers and busy professionals. Apart from this, innovations, such as fast-charging capabilities, wireless charging, and solar-powered banks are enhancing product utility. More features lead to a broader market appeal. The rise in outdoor recreational activities, such as camping and trekking, where the electricity supply is limited, is escalating the need for portable power solutions like power banks.
Who are the Key Players Operating in the Power Bank Market?
The competitive landscape of the market has also been examined with some of the key players.
- Xiaomi Technology Co. Ltd.
- Lenovo Group Ltd.
- Microsoft Corporation
- Panasonic Corporation
- Sony Corporation
- Adata Technology Co., Ltd.
- Asustek Computer Inc.
- Ambrane India Pvt. Ltd.
- Anker Technology Co. Ltd.
- Intex Technologies (India) Ltd.
- OnePlus Technology (Shenzhen) Co. Ltd.
- UNU Electronics Inc.
- Samsung SDI Co. Ltd.
What is Included in Market Segmentation?
The report has categorized the market based on product type, battery type, power rating and application.
Breakup by Product Type:
- Portable Power Banks
- Solar Power Banks
- Battery Cases
Based on Battery Type:
- Lithium-Ion
- Lithium-Polymer
Analysed by Power Rating:
- Below 3,000 mAh
- 3,001 mAh – 8,000 mAh
- 8,001 mAh – 20,000 mAh
- Above 20,000 mAh
Breakup by Application:
- Smartphones
- Tablets
- Portable Media Devices
- Others
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Website: https://www.imarcgroup.com/
Follow us on twitter: @ImarcServices
LinkedIn: https://www.linkedin.com/company/imarc-group
