Power Bank Market: Global and Regional Analysis with Forecast till 2028, Business Opportunities, Post COVID Scenario

The global Power Bank market size was valued at $16.68 Billion in 2020 and is expected to reach $23.88 Billion by 2028 growing at the CAGR of 4.22% from 2021 to 2028.

There is a rising awareness among consumers about the usage of electronic devices. Moreover, manufacturers in this industry are focused on innovations to reduce costs in mobile technologies, which would, in turn, result in reduced power consumption by the devices leading to the rising adoption of power banks by consumers.
Companies like Samsung along with other players like Power Bank Holdings (UB) manufacture advanced power banks to meet the increasing demands of the consumers market. Also, these companies promote their products through supply channels like Amazon or eBay stores.

However, there are some factors that could inhibit growth across regions such as price sensitivity of end-user when purchasing any device and lack of awareness when it comes to rechargeable batteries.

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Key Players

Some of the major Power Bank players holding high market share include Sony Corporation, Anker, and Huawei Technologies. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Sony Corporation
● Anker
● Huawei Technologies
● Mi
● Intex
● Zagg Inc.
● Panasonic Corporation
● GP Batteries
● Lenovo Group Ltd
● Samsung Electronics Co., Ltd.

The recently published research report on Global Power Bank Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Power Bank market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Power Bank market report also includes the following data points:
● COVID19 Impact on Power Bank market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Power Bank market

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Segmental Analysis

Market Segment By Battery with focus on market share, consumption trend, and growth rate of Power Bank Market:
o Lithium-Ion
o Lithium Polymer
o Battery 3


Market Segment By Power Rating with focus on market share, consumption trend, and growth rate of Power Bank Market:
o Up to 3,000 mAh
o 3,001–8,000 mAh
o 8,001–20,000 mAh
o Above 20,000 mAh

Market Segment By distribution channel with a focus on market share, consumption trend, and growth rate of Power Bank Market:
o Online
o Offline

Market Segment By Price Range with a focus on market share, consumption trend, and growth rate of Power Bank Market:
o Low Range
o Mid-Range
o Premium Range

For more information: https://evolvebi.com/product/power-bank-market-analysis-2021-2028/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

APAC holds the largest share of the power bank market. Key factors such as increasing adoption of wearables and other consumer electronic products, increasing population and economic growth in developing countries, presence of prominent manufacturers for power banks are fuelling the market growth.
Key factors are expected to support the growth strongly over the forecasted timeframe even though innovation is also expected from key players further accelerating this market coupled with increasing per capita disposable income across the APAC region.

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