Power Bank Market Size to Reach US$ 16.3 Billion by 2028 at Growth Rate (CAGR) of 7.22%

According to IMARC Group's latest report, titled "𝐏𝐨𝐰𝐞𝐫 𝐁𝐚𝐧𝐤 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the global power bank market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.22% during 2023-2028.

Power banks represent the portable chargers that are made for recharging electronic gadgets on the go. They are categorized into various types, such as universal/standard, solar, slim devices, pocket-sized, higher-capacity chargers, etc. Power banks are generally made from Lithium-Ion (Li-Ion) and Lithium-Polymer (Li-Po) batteries.

The universal charger can be charged through conventional USB sources, whereas the solar ones use both USB chargers and sunlight. Because of their convenient nature, power banks find extensive utilization in charging several devices, including tablets, portable speakers, laptops, mobile phones, cameras, etc.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/power-banks-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

𝐏𝐨𝐰𝐞𝐫 𝐁𝐚𝐧𝐤 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The escalating shift towards 4G and 5G networks, the growing popularity of digital content, and the rising processing capacity of devices are among the primary factors driving the power bank market. Besides this, the elevating demand for tablets, smartphones, and headphones and the declining prices of these portable chargers are further augmenting the market growth.

Moreover, the introduction of new entrants in the manufacturing of power banks as advanced devices, on account of their increasing need for fast-moving consumer electronics that require low capital investment, is also catalyzing the global market. Apart from this, the development of new and innovative product variants, such as portable power strips with built-in wireless charging and the extension of online retail platforms for end-users, are acting as significant growth-inducing factors.

Furthermore, these portable chargers assist in charging electrical devices during emergencies, are available at affordable prices, are cost-effective, durable, and mobile, and are convenient to use, which is anticipated to propel the power bank market over the forecasted period.

𝐁𝐮𝐲 𝐏𝐨𝐰𝐞𝐫 𝐁𝐚𝐧𝐤 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=906&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The competitive landscape of the market has also been examined with some of the key players.

• Xiaomi Technology Co. Ltd.
• Lenovo Group Ltd.
• Microsoft Corporation
• Panasonic Corporation
• Sony Corporation
• Adata Technology Co., Ltd.
• Asustek Computer Inc.
• Ambrane India Pvt. Ltd.
• Anker Technology Co. Ltd.
• Intex Technologies (India) Ltd.
• OnePlus Technology (Shenzhen) Co. Ltd.
• UNU Electronics Inc.
• Samsung SDI Co. Ltd.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on product type, battery type, power rating and application.

Breakup by Product Type:
• Portable Power Banks
• Solar Power Banks
• Battery Cases

Breakup by Battery Type:
• Lithium-Ion
• Lithium-Polymer

Breakup by Power Rating:
• Below 3,000 mAh
• 3,001 mAh - 8,000 mAh
• 8,001 mAh - 20,000 mAh
• Above 20,000 mAh

Breakup by Application:
• Smartphones
• Tablets
• Portable Media Devices
• Others

Regional Insights:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=906&flag=C

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

Transportation Management System Market: https://www.imarcgroup.com/transportation-management-system-market

Cloud Professional Services Market: https://www.imarcgroup.com/cloud-professional-services-market

Man-portable Communication Market: https://www.imarcgroup.com/man-portable-communication-market

Digital Ooh Market: https://www.imarcgroup.com/digital-ooh-market

Mobile Payment Market: https://www.imarcgroup.com/mobile-payment-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.