Power Bank Market is Expected to Reach $29,576 Million, Globally by 2022

Power Bank Market size was valued at $6,733 million in 2015, and is anticipated to reach $29,576 million by 2022, registering a CAGR of 23.3% during the forecast period. The global power bank market is segmented based on capacity range, application, and geography. Based on application, the market is divided into smart phones, tablets, and portable media devices. Based on the capacity range, the market is categorized into 500 mAh to 3,499 mAh, 3,500 mAh to 6,499 mAh, 6,500 mAh to 9,499 mAh, 9,500 mAh to 12,499 mAh, 12,500 mAh to 15,499 mAh, and above 15,500 mAh.

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Ongoing R&D activities to promote the use of solar and hydrogen cells in power banks are anticipated to boost the market growth. Moreover, upsurge in user base of smartphones, rise in power consumption due high use time of these devices, and decrease in cost of power banks are the major drivers of the market. However, substandard quality of power banks and implementation of alternatives, such as wireless and fast charge for electronic devices hamper the market growth.

According to the CXOs of leading companies, increasing power consumption of gadgets and plummeting cost of power bank are the key drivers of the market. Prominent market players, such as Sony Corporation, Panasonic Corporation, China BAK Battery Inc., Microsoft Corporation, Oneplus, Beijing Millet Technology Co. Ltd. (Xiaomi), Anker Technology Co. Ltd., and Mophie, Inc. have adopted various growth strategies to expand their market presence and cater to the growing demand for passive optical LAN.

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Presently, smartphones and tablets users significantly use of power banks, owing to the increase in energy consumption by these devices. Moreover, the use of these devices has significantly increased in the recent years, due to the availability of internet-based application and games. The applications of power banks in portable media devices has increased in the recent years, owing to increase in user base of laptops, cameras, and others media devices. The implementation of solar and hydrogen cell technology in power banks is expected to make power bank a replenishable source of energy, which in turn is expected to increase its adoption in future.

The other applications of power banks include the use of power banks for powering smart wearable devices and different DC operational devices such as aquarium pumps, modems, routers, and others. As compared to other the power sources, power banks are used for powering devices in regions with limited access to AC power supply. These segments of power banks have comparative lower attractiveness, as various new electronic devices equipped with high battery capacities and high efficiency are being launched in the market.

Rapid economic development and improved standards of living have boosted the growth of digital and electronic devices market. Therefore, the demand for digital and electronic product has increased in the recent years. The digital and electronic devices have limited battery life. Moreover, extensive use of electronic devices, such as smartphones, tablets, and laptops fuel the growth of the power bank market. Increase in user base of electronic devices has stimulated the growth of power bank market, globally.

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The global market industry is analyzed based on four regions, which include North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and Rest of the Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific), LAMEA (Latin America, Middle-East, and Africa).

Increase in the number of smartphones and new product launches of tablets have led to upsurge in the user base of smartphones and tablets. Portable media devices, such as laptops and camera, have a significant user base in several countries in the Asia-Pacific region. Therefore, product launches and advancement in technologies in electronic devices drive the Asia-Pacific power bank market.

Table of Content:

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Research methodology

1.2.1 Secondary research
1.2.2 Primary research
1.2.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 Market Snapshot
2.2 CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key Findings

3.2.1 Top impacting factor
3.2.2 Top winning strategies
3.2.3 Top investment pockets

3.3 Porters five forces analysis

3.3.1 Low bargaining power of suppliers
3.3.2 High bargaining power of buyers
3.3.3 Moderate threat of substitutes
3.3.4 High threat of new entrants
3.3.5 High competitive rivalry

3.4 Drivers

3.4.1 Increasing demand of digital products and accessories
3.4.2 Increase in power consumption of gadgets
3.4.3 Reducing cost of power banks

3.5 Restraints

3.5.1 Substandard quality of power banks
3.5.2 Wireless charging and quick charging in smart phones

3.6 Opportunities

3.6.1 Use of solar and hydrogen cells in power banks

Chapter: 4 WORLD POWERBANK MARKET, BY APPLICATION

4.1 Introduction
4.2 Smartphones

4.2.1 Key Market Trends
4.2.2 Key Growth Factors and Opportunities
4.2.3 Market Size and Forecast
4.2.4 North America Powerbank Market For Smartphone, ($Million), Growth (%) 2014-2022
4.2.5 Europe Powerbank Market For Smartphone, ($Million), Growth (%) 2014-2022
4.2.6 Asia-pacific Powerbank Market For Smartphone, ($Million), Growth (%) 2014-2022
4.2.7 LAMEA Powerbank Market Forsmartphone, ($Million), Growth (%) 2014-2022

4.3 Tablets

4.3.1 Key Market Trends
4.3.2 Key Growth Factors and Opportunities
4.3.3 Market Size and Forecast
4.3.4 North America Powerbank Market For Tablets, ($Million), Growth (%) 2014-2022
4.3.5 Europe Power Bank Market For Tablets, ($Million), Growth (%) 2014-2022
4.3.6 Asia-pacific Powerbank Market For Tablets, ($Million), Growth (%) 2014-2022
4.3.7 LAMEA Powerbank Market For Tablets, ($Million), Growth (%) 2014-2022

4.4 Portable Media Devices

4.4.1 Key Market Trends
4.4.2 Key Growth Factors and Opportunities
4.4.3 Market Size and Forecast
4.4.4 North America Powerbank Market For Portable Media Devices, ($Million), Growth (%) 2014-2022
4.4.5 Europe Powerbank Market For Portable Media Devices, ($Million), Growth (%) 2014-2022
4.4.6 Asia-pacific Powerbank Market For Portable Media Devices, ($Million), Growth (%) 2014-2022
4.4.7 Lamea Powerbank Market For Portable Media Devices, ($Million), Growth (%) 2014-2022

4.5 OTHERS

4.5.1 Key Market Trends
4.5.2 Key Growth Factors and Opportunities
4.5.3 Market Size and Forecast
4.5.4 North America Others powerbank Market, ($Million), Growth (%) 2014-2022
4.5.5 Europe Others Powerbank Market, ($Million), Growth (%) 2014-2022
4.5.6 Asia-pacific Others Market, ($Million), Growth (%) 2014-2022
4.5.7 LAMEA Others Powerbank Market, ($Million), Growth (%) 2014-2022

Chapter: 5 WORLD POWERBANK MARKET, BY POWER CAPACITY

5.1 Introduction
5.2 500mAh to 3499mAh

5.2.1 Key Market Trends
5.2.2 Key Growth Factors and Opportunities
5.2.3 Market Size and Forecast
5.2.4 North America 500mah To 3499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.2.5 Europe 500mah To 3499 Mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.2.6 Asia-pacific 500mah To 3499 Mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.2.7 LAMEA 500mah To 3499mah Powerbank Market, ($Million), Growth (%) 2014-2022

5.3 3500mAh to 6499mAh

5.3.1 Key Market Trends
5.3.2 Key Growth Factors and Opportunities
5.3.3 Market Size and Forecast
5.3.4 North America 3500mah To 6499 Mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.3.5 Europe 3500mah To 6499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.3.6 Asia-pacific 3500mah To 6499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.3.7 LAMEA 3500mah To 6499mah Powerbank Market, ($Million), Growth (%) 2014-2022

5.4 6500mAh to 9499mAh

5.4.1 Key Market Trends
5.4.2 Key Growth Factors and Opportunities
5.4.3 Market Size and Forecast
5.4.4 North America 6500mah To 9499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.4.5 Europe 6500mah To 9499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.4.6 Asia-pacific 6500mah To 9499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.4.7 LAMEA 6500mah To 9499mah Powerbank Market, ($Million), Growth (%) 2014-2022

5.5 9500mAh to 12499mAh

5.5.1 Key Market Trends
5.5.2 Key Growth Factors and Opportunities
5.5.3 Market Size and Forecast
5.5.4 North America 9500mah To 12499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.5.5 Europe 9500mah To 12499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.5.6 Asia-pacific 9500mah To 12499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.5.7 LAMEA 9500mah To 12499mah Powerbank Market, ($Million), Growth (%) 2014-2022

5.6 12500mAh to 15499mAh

5.6.1 Key Market Trends
5.6.2 Key Growth Factors and Opportunities
5.6.3 Market Size and Forecast
5.6.4 North America 12500mah To 15499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.6.5 Europe 12500mah To 15499mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.6.6 Asia-Pacific 12500mah To 15499mah Market, ($Million), Growth (%) 2014-2022
5.6.7 LAMEA 12500mah To 15499mah Powerbank Market, ($Million), Growth (%) 2014-2022

5.7 Above 15500mAh

5.7.1 Key Market Trends
5.7.2 Key Growth Factors and Opportunities
5.7.3 Market Size and Forecast
5.7.4 North America Above 15500mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.7.5 Europe Above 15500mah Powerbank Market, ($Million), Growth (%) 2014-2022
5.7.6 Asia-pacific Above 15500mah Market, ($Million), Growth (%) 2014-2022
5.7.7 LAMEA Above 15500mah Powerbank Market, ($Million), Growth (%) 2014-2022

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