Power Bank Market Competitive Research And Precise Outlook 2020 To 2025

The report is designed to provide a holistic view of the Power Bank Market 2021-2025. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). High-level interpretation of Power Bank market attributes using proprietary tools such as the Penetration Mapping Index, and other successful representational tools such as Porter’s Five Forces Analysis, SWOT, PESTEL, Ansoff’s Matrix, etc. Regional estimates and forecasts & trend analysis for each country and region are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Power Bank investments from 2021 till 2025.

The power bank market is expected to register a CAGR of 8.28% over the forecast period 2020 - 2025.

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The Power Bank market is highly competitive and is moderately fragmented that consists of significant individual players such as Philips India Limited, Sony India Private Limited, Intex Technologies (India) Ltd., Xiaomi Technology India Private Limited, Lapguard, Lenovo (India) Private Limited, SSK Group, Portronics Digital Private Limited, Zebronics India Pvt. Ltd., Ambrane India Pvt. Ltd., Best IT World (India) Private Limited.

Key Market Trends:
Wireless_ Charging is Expected to Drive the Market Growth

- The fastest emerging trend in the future of the workplace is turning out to be the concept of work from anywhere. Workplaces are getting on board with cutting edge technology-enabled wireless charging and are integrating this into their existing technology to provide an excellent touchless experience for employees. They are also using resulting data to optimize the safety and efficiency of their areas._The e-commerce industry has transformed the way business is done across the world.
- Amid the rise of Qi, some power bank manufacturers have started making non-compliant or counterfeit products with misleading labels like Qi compatible or Qi-enabled, often with illegally-used Qi logos. Different consumers surveyed by technology associations across the globe agreed that Qi-Certified offers distinct advantages in a wireless charging power bank product to ensure safety, compatibility, and reliability. _
- While every day, new devices continue to launch with Qi wireless power, such as the recently announced Google Pixel 3, Wireless Charging Stand, and Huawei’s Mate 20 Pro, which also acts as a wireless charging power bank to charge with Qi devices._
- The shift to de-densifying real estate to allow for social distancing, coupled with dynamic work patterns, naturally leads to looking at hotelling shared desks. However, shared resources don’t come without safety challenges, and any process needs a simple way for employees to identify available desks by cleaning schedules and social distancing policy. This will further boost the demand for wireless power banks in the post-COVID-19 pandemic scenario.

Asia-Pacific to Witness Highest Growth

- The growth of the Asia-Pacific power bank market is boosted by the increasing use of consumer electronic devices, especially smartphones and tablets, increased power consumption of electronic devices owing to technological advancements, and electric outage._
- Rising disposable income, growing urban population, and increasing penetration of smartphones and tablets in rural regions are some of the significant factors that are expected to fuel the adoption of power banks in Asia-Pacific over the forecast period._
- An increase in the user base of electronic devices is mainly stimulating the growth of the power bank market in the Asia Pacific countries. This is backed by growing government initiatives to aid the smartphone and electronic manufacturing sector and technological advancements leading to a reduction in lithium-ion battery cost._
- For instance, in the recent past, India’s draft National Policy on Electronics (NPE) released by the IT ministry has set an ambitious target of creating a USD 400 billion electronics manufacturing industry by 2025, with the mobile phone devices segment accounting for three-fourths of the production._
- Increasing focus on research & development initiatives to develop miniaturized power banks in the region creates growth opportunities for the market. For instance, in November 2019, SMARTCOBY, one of the smallest and lightest power banks, had launched on Kickstarter later in November by CIO Co., Ltd., which is a Japanese smartphone accessory company in Osaka. The newly developed power bank is a credit card-sized 8000mAh capacity, which enables customers to carry it around everywhere._
- Tablets are another promising device for the power banks in the region. As of the recent statistics, India had just about 5.3% penetration of tablets, and this is expected to go up to only about 10% in 2022. The rising penetration is an opportunity for studied market vendors as tablets offer relatively larger screens that consume more energy due to HD content compared to smartphones.

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Regions are covered By Power Bank Market Report 2021 to 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).

The Total Addressable Market (TAM) For estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.

Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Power Bank Market
-Changing the Power Bank market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Power Bank market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Power Bank Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions about Power Bank market:
– What are the recent developments and government policies?
– What are the top trends in the Power Bank market?
– What is the growth rate of the market?
– Which Is the Most potential market segment?
– Which are the top industry players in the Power Bank market?
– Which region would offer high growth for vendors in the market?

The report has 150 tables and figures browse the report description and TOC
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