Power Bank Market 2023-2030: Increased Power Consumption Of These Devices As A Result Of Mobile Technology Advancements
The Global Power Banks Market size was USD 9.60 Billion in 2021 and is expected to register a revenue CAGR of 7.3% over the forecast period, according to the latest report by Reports and Data. The growing urban population, increasing use of smartphones and tablets, and advancements in technology such as solar energy power banks are some factors driving revenue growth of the market.
Power banks are becoming popular as more people use smartphones, tablets, notepads, and other devices such as digital watches and headphones. Power banks tackle the issue of power shortages and supply the required power to the connected device. The introduction of new technology items and their power requirements has been fueled by the emergence of new technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and mixed reality along with internet penetration, which is driving revenue growth of the power bank market.
Power banks have evolved from backup chargers to independent energy sources owing to an increase in the usage of hydrogen and solar cells. This has somewhat lessened the dependence of gadgets on electrical energy. The consumer electronics sector’s effective distribution network plays a key role in meeting the world’s population’s demand for electronic goods, which is expected to drive revenue growth of the power bank market.
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The research report offers details about leading companies in the global Power Bank market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
- Xiaomi Corporation,
- Lenovo Group Limited,
- Microsoft Corporation,
- Panasonic Holdings Corporation,
- Sony Corporation,
- ADATA Technology Co., Ltd.,
- Ambrane India,
- Intex Technologies,
- UNU Electronics Inc.,
- SAMSUNG SDI CO., LTD
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The Global Power Bank industries are also studied based on leading segments, and examines dominant product and application segments in detail. The report aims to help reader’s benefits from the growth prospects existing in the market in the global Power Bank industries. It offers key information on drivers and restraints influencing the leading segments in the global Power Bank industries.
By Battery Type Outlook
- Lithium Polymer
By Power Rating Outlook
- Up to 3,000 mAh
- 3,001-8,000 mAh
- 8,001-20,000 mAh
- Above 20,000 mAh
By Energy Source Outlook
By Distribution Channel Outlook
By Application Outlook
- Smart Phone
- Portable Media Device
- Wearable Device
- Digital Camera
For comprehensive coverage, the report discusses growth prospects, opportunities, and challenges. The market report considers various key factors across the leading regions.
Power Bank Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Key Features of the global Power Bank Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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Key questions addressed in the Report:
- Which key players are operating in the global Power Bank market?
- Which key factors are expected to hamper global market revenue growth?
- What market size is the global Power Bank market expected to reach throughout the forecast period?
- Which application segment revenue is expected to expand at a rapid CAGR between 2023 and 2030?
- Which region is expected to account for robust revenue share throughout the forecast period?
- Which regional segment is expected to register fastest revenue CAGR throughout the forecast period?
- What revenue CGAR is the global Power Bank market expected to register during the forecast period?
- What are the key outcomes of Porter’s Five Force analysis of the Power Bank market?
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