Power Bank Market to See Major Growth by 2026 | Lenovo, RAV Power, GRIFFIN

The Latest Released Power Bank market study has evaluated the future growth potential of Global Power Bank market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Power Bank market. The study includes market share analysis and profiles of players such as ADATA, AUKEY, Anker Innovations, Xiaomi, Lenovo, RAV Power, GRIFFIN, Mophie, AMBRANE, INTEX, Omnicharge, UIMI, ROMOSS, Mycharge, UNu Electronics and Zendure.

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The global power bank market accounted for a value of USD 13.3 billion in 2019. The global power bank market is projected to register growth at a CAGR of 4.1% during the forecast period.
Definition:
Power bank can be defined as a portable battery charging device which can be used to charge mobile devices anytime and anywhere. It consists of battery with electric circuit to control the power flow range. It allows user to store the electrical energy which depends on capacity (mAh) in order to charge table and smartphone.
Market Dynamics (Drivers/Opportunities):
The competition in power bank market is rising day-by-day because of presence of large number of players in the market. The companies are adopting many strategies to strengthen their market position. One of the strategies is to reduce price of the product. This is major driving factor for growth in power bank industry during forecast period.
The companies are reducing price of the older versions of their products. The customer base has been increased due reduced price. The companies are also focusing on R&D sector to launch innovative products with new technologies. This is attributing growth in power bank segment.
Power bank also use solar and hydrogen fuel-cells other than direct electricity to recharge batteries of smartphones, laptops and tablets. Various manufacturers are producing power bank which are powered by solar energy and hydrogen fuel-cells. This is likely to create huge opportunity in power bank market in near future.

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Market Insights, by Capacity:
On the basis of capacity, the power bank market is segmented into 1,000-5,000mAh, 5,001- 10,000mAh, 10,001-15,000mAh, 15,001-20,000mAh, above 20,001mAh. The 10,001-15,000mAh segment is estimated to register growth at highest CAGR during the forecast period. Power bank of this capacity have longer battery life and high output efficiency. They have LCDs or LEDs in order indicate battery level. The demands for these power banks are quite high by consumers because of reasonable price and large-sized power bank with additional features.
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Heat map Analysis, 3-Year Financial and Detailed Company Profiles of Key & Emerging Players: ADATA, AUKEY, Anker Innovations, Xiaomi, Lenovo, RAV Power, GRIFFIN, Mophie, AMBRANE, INTEX, Omnicharge, UIMI, ROMOSS, Mycharge, UNu Electronics and Zendure.

Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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This release was published on openPR.