openPR Logo
Press release

Power Banks Market 2021 Expected to reach US$ 29 billion with 10.7% CAGR Forecast to 2031

01-14-2022 04:35 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Portable Battery Pack(Power Banks) Market 2021-2031

Portable Battery Pack(Power Banks) Market 2021-2031

Portable Battery Pack(Power Banks) Market 2021-2031

The study reveals that the market for power battery pack globally have secured an estimated nearly US$ 6.5 Bn, in terms of value and anticipated to procure US$ 29 Bn by 2031-end, experiencing substantial growth in the revenues by reflecting 10.7% CAGR.

Request for Free Sample Report of “Portable Battery Pack” Market @ https://www.persistencemarketresearch.com/samples/5213

Large number of potential mobile phone consumer in the globe are opting for power banks, also known as power battery packs is fairly plausible. Moreover, attraction of smartphone users towards the use of power banks is likely to remain contingent on their lifestyle.

The study led by Persistence Market Research reveals that multimedia device & smartphone propagation delivers as a robust distribution network to the power battery packs products. The major findings of the report states that the customers are likely to remain more attractive to the power banks with large storage capacity. Further, the report reveals that an estimated 200 Mn units of the power banks with 5000 to 7500 mAh capacity were globally sold in the year 2016.

Also, it is forecasted that demand for power banks in foreseeable period is likely to increase at high growth rate, leading market players to increase their product range for 7500 to 10000 mAh as well as more than 10000 mAh capability power banks. More than 10000 capacity power banks are likely to be sold at faster rate by the end of forecast period throughout the world.

Key Players:

The report has profiled some of the Important players prevalent in the global like – Braven LC – Energizer Holdings, Inc., INCIPIO Technologies, Inc., mophie, Inc., Anker Technology Co. Limited., and Cheero USA and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Portable Battery Pack.

Segmental Analysis of Market

According to their prevalence nowadays, Lithium-ion (Li-ion) power banks are likely to retain its dominance throughout the forecast period, owing to high preference by consumers. Li-ion battery efficiency in transmitting power and charging is anticipated to keep influencing the growth of the global Li-ion power battery packs market. The report forecasts that by the end of forecast period every 2nd power bank, which will be traded will be armed with Li-ion battery. Further, Li-ion battery traction is likely to be contested with increasing inclination towards power banks with Lithium-polymer (Li-polymer). It is anticipated that by the end of forecast period, almost 500 Mn entities of Li-polymer power banks will be sold across the world.

Dynamics of Market

In terms of revenues, over two-third share of the global power bank market collected between 2016 and 2025, is likely to be procured by mobile phones and smartphones. Importance of mobile phones compared to any other multimedia devices will be less cease in foreseeable period. Number of leading smartphone and mobile manufacturers have entered in the power bank market, with a goal to particularly serve to their consumers. The tablets will follow the mobile phones. They was the second leading products that used of power banks in the year 2016. The power banks uses by means of tables was 150 Mn units in the year 2016. The report assesses the global power bank market revenues will be majorly accounted by Tablets.

Key Takeaways

The high-priced power battery packs are likely to gain traction in the market relative to the mid-priced and low-priced power banks.
In terms of consumption and production of power battery packs, Asia-Pacific (APAC) is likely to remain most lucrative region.

The market for power banks in the APAC is estimated to reach US$ 7.8 Bn by the end of 2024.
Most of the key players in the global market, which are highly contributing in the growth of the market include Panasonic Corporation, BYD Company Limited, Sony Corporation, and Simplo Technology Co. Ltd. These prominent companies are located in APAC economies such as Taiwan, Japan and China.
Several leading market players in the US playing vital role in the growth of the market include, Braven LC – Energizer Holdings, Inc., INCIPIO Technologies, Inc., mophie, Inc., Anker Technology Co. Limited., and Cheero USA, Inc.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)

Key Stakeholders 
Portable Battery Pack Market Manufacturers 
Portable Battery Pack Market Distributors/Traders/Wholesalers 
Portable Battery Pack Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

If you have any special requirements, please let us know and we will offer you the report as you want.

Request For Customization@ https://www.persistencemarketresearch.com/request-customization/5213

Major Highlights of the Portable Battery Pack Market Report:

The Portable Battery Pack Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.

The report dives deeper into the market and explains the dynamic factors bolstering market growth.

The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.

The report analyzes the Portable Battery Pack Market presence across major regions of the world.

It determines the production & consumption capacities and demand & supply dynamics of each regional market.

The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.

It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.

Click Here to Buy this Report@  https://www.persistencemarketresearch.com/checkout/5213

Media Contact:

Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com

About PersistenceMarketResearch:

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Power Banks Market 2021 Expected to reach US$ 29 billion with 10.7% CAGR Forecast to 2031 here

News-ID: 2527716 • Views: 192

More Releases from Persistence Market Research

Plantbased Protein Market to Witness Rise in Revenues During the Period 2019 - 2 …
Persistence Market Research has published a report on the plant-based protein market, which includes the global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and projects that the global plant-based protein market is expected to reach ~ US$ 9.6 Bn by the end of 2019 in terms of value, and is forecasted to reach ~ US$ 17.3 Bn by the end of 2029. According to the report, proteins are
The Chained Consumer Foodservice Market To Grasp Through The Fine Courses Of Nov …
The latest study by Persistence Market Research opines that the global chained consumer foodservice market is more popular than ever with paradigm changes in the way guests are eating and receiving their food. The chained consumer foodservice service market is expected to grow by around 4% over the forecast years, producing over US$ 280 Bn of incremental value from 2019 to 2027. This is partly driven by technology and mobile
New Product Launches To Put The Natural Organic Personal Care Product Market In …
The global natural and organic personal care products market was valued at ~US$ 10 Bn in 2014, which is estimated to reach ~US$ 14 Bn by the end of 2019. The natural and organic personal care products market is projected to expand at a robust CAGR during the next decade. Persistence Market Research (PMR) recently released a new market research on the natural and organic personal care products market covering
The Digestive Remedies Market To Ride On The Curve Of Innovation
According to a recently published PMR report, global digestive remedies market in 2018 exceeded US$ 15 Bn and is expected to grow at a moderate CAGR during the forecast period. Digestive remedies such as probiotics are used for therapy of gastrointestinal (GI) illnesses. The most prevalent digestive disorders include indigestion, heartburn, diarrhea, irritable bowel syndrome (IBS), movement disease, pediatric digestive illnesses, and constipation. To remain ‘ahead’ of your competitors, request

All 5 Releases


More Releases for Portable

Williston Force Portable AC Review
This is a Williston Force Portable AC Reviews. Ah, the joys of summer, long afternoons laying out at the beach, sunset barbeques and of course, baseball. But many of us can stand the heat for only so long. Working, exercising and even sleeping in these hot regions would be extremely uncomfortable and downright dangerous for some people without air conditioning. Air conditioning has changed the way we live and work. It has
Portable Solutions Log Data Anywhere!
Grant Squirrel Data Loggers for In-Field Data Capture Ready to be deployed anywhere you need to collect data, Squirrel data loggers from Grant Instruments are rugged, reliable, and portable. Squirrel loggers feature a built-in display and keypad allowing users to configure and then leave them to collect data in almost any application including research, quality assurance, production monitoring, environmental, lab, and more. For specifications and more info, just call an Application Engineer
Global Portable Diagnostic Device Market
Information and communication technologies (ICT) are widely used in healthcare industry and have led to significant advancements in ICT based medical devices. Such developments will significantly reduce the office visits in the near future. Portable medical diagnostic devices enable the user to perform diagnosis at home, clinic or any remote area including a suggestion for medication and recommendation to see a doctor thereby reducing potential health risk. These devices are
Global Portable Generator Market 2017-2021
MarketResearchReports.Biz presents this most up-to-date research on "Global Portable Generator Market 2017-2021" Description Generators convert mechanical energy into electrical energy and are designed to provide temporary AC or DC power. They serve as a source of backup or emergency power for residential, commercial, and industrial applications. Generators convert mechanical energy into electrical energy. The source of mechanical energy varies from an internal combustion engine and a hand crank to compressed air and
Global Portable Keyboards Market Research Report 2017
This report studies Portable Keyboards in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Casio RockJam Hamzer Yamaha Best Choice Products AirTurn Request Sample Report: http://www.reportbazzar.com/request-sample/?pid=788831&ptitle=Global+Portable+Keyboards+Market+Research+Report+2017&req=Sample ChromaCast Generic LIPPO Andoer Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Portable Keyboards in these regions, from 2011
Global Portable Fluid Chiller Market
Portable Fluid Chiller Market: Drivers and Restraints The global portable Fluid Chiller market is expected to grow at a significant CAGR due to the increasing demand from various end-use industries for low and ultra-low temperature as well as process cooling. The growing preference from various end-use industries such as automotive, chemical processing, semiconductor, etc. is expected to create significant demand for portable fluid chiller market over the forecast period. The growth