Power Bank Market to is projected to reach $19.40 Billion by 2025 at 2.03% CAGR

Global power bank market accounted for $16.34 billion in 2017, and is estimated to garner $19.40 billion by 2025, growing at a CAGR of 2.03% from 2018 to 2025.

Global Power Bank Market Research Report 2018-2025 This report researches the worldwide Power Bank Market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategies. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on Markets and materials, capacities and technologies, and on the changing dynamics of the Power Bank Market.

Surge in use of digital products equipped with rechargeable batteries and advent of new technologies in consumer electronics, and increased penetration of Internet services have boosted the growth of the global power bank market. However, emerging trends of wireless charging and improved battery capacity of electronic devices hamper the market growth. On the contrary, use of solar cells and hydrogen cells in power banks and strong distribution network are expected to create new opportunities in the near future.

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Power Bank Market Competitive Analysis:

The key power bank industry leaders profiled in the report include Samsung Electronics Co., Ltd., Sony Corporation, Anker, Huawei Technologies, Mi, Intex, Zagg Inc., Panasonic Corporation, GP Batteries, and Lenovo Group Ltd. These key players adopt several strategies such as new product launch & development, acquisition, partnership & collaboration, and business expansion to increase the power bank market share during the forecast period.

Covid-19 Impact on the Global Power Bank Market:

According to the power bank market trends, China accounts for 50% of worldwide consumer electronics consumption. The outbreak of COVID-19 is having a major impact on both customers and companies.

Electronics manufacturing hubs have temporarily been shut down to limit the virus spread. This is affecting the global supply chain, which is further expected to impact the suppliers and manufacturers, globally. COVID-19 is highlighting potential risk and vulnerability of electronics industry and semiconductor value chain model.

The increasing trends toward wireless power bank are expected to increase due to factors such as operational efficiency and eliminating problems such as overheating as well as portability. In addition, in the medium to long term, COVID-19 is expected to further push up the need for digital transformation, technologies such as 5G, the IoT, AI, and intelligent edge computing for future optimization, which is expected to create lucrative opportunities for overall mobile phone accessories globally, and will positively affect the power bank market

COVID-19 Scenario:

Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on research and development of new products.
However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of products in certain locations.
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Power Bank Market Segmentation:

The global power bank market is segmented on the basis of battery type, power rating, distribution channel, price range, and geography. Based on battery type, the lithium-ion segment held the largest share in 2017, accounting for three-fourths of the market and is anticipated to portray the highest CAGR of 2.3% during the forecast period.

Power Bank Market Regional Analysis:

The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

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KEY BENEFITS FOR STAKEHOLDERS

This study comprises analytical depiction of the Power Bank Market trends with current trends and future estimations to depict the imminent investment pockets.
The overall potential is determined to understand the profitable trends to gain a stronger foothold in the Power Bank Market.
The Power Bank Market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market forecast is quantitatively analyzed from 2021 to 2027 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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KEY QUESTIONS ANSWERED IN THE REPORT:

Q1. At what CAGR, the Global Power Bank Market will expand from 2021 - 2027?

Q2. What will be the revenue of Global industry by the end of 2027?

Q3. How can I get sample report of Power Bank Market?

Q4. Which are the factors that drives global industry Growth?

Q5. Who are the leading players in Power Bank Market?

Q6. How can I get company profiles of top ten players of Global Market?

Q7. What are the segments of Power Bank Market?

Q8. What are the key growth strategies of Power Bank Market Players?

Q9. By Application, which segment is expected to exhibit the highest CAGR during 2021 - 2027?

Q10. By Region, which segment holds a dominant position in 2020 and would maintain the lead over the forecast period?

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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