Press release
Power Bank Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast 2023 to 2031 | Anker Technology Co. Limited, Apacer Technologies, Inc.
The Power Bank market has emerged as a crucial player in the consumer electronics industry, providing a portable solution to keep devices charged on the go. As of 2022, the global market was valued at US$ 10.7 billion, and experts predict a robust CAGR of 6.3% from 2023 to 2031, propelling the market to a projected value of US$ 18.5 billion by the end of 2031.Market Overview: The power bank market is characterized by intense competition among key players striving to innovate and differentiate their products. The market's competitive landscape is influenced by technological advancements, strategic partnerships, and a focus on product diversification.
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Market Size and Growth: The Power Bank market's impressive growth can be attributed to the increasing reliance on smartphones, tablets, and other portable electronic devices. The demand for a reliable and portable power source has become paramount, fueling the expansion of the power bank market globally.
Market Segmentation:
Product Type
• Portable Power Banks
• Solar Power Banks
Capacity
• Up to 5,000 mAh
• 5,001 mAh-12,000 mAh
• 12,001 mAh-20,000 mAh
• Above 20,000 mAh
Battery Type
• Lithium Ion
• Lithium Polymer
Port Type
• Standard
• Type C
• DC Power Jack
Category
• Personal
• Shared
Application
• Smartphones
• Tablets / Laptops
• Cameras
• Others (PCs, Portable Speakers etc.)
Charging Source
• Electric
• Solar
• Hybrid
Companies Profiled:
Anker Technology Co. Limited, Apacer Technologies, Inc., Goal Zero Corporation, LLC, GP Batteries International Ltd, IEC Technology, Ltd, Maxell Holdings, Mophie, Inc., Panasonic Corporation, Samsung Electronics Co., Ltd, and Sony Corporation
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Latest Market Trends: Wireless charging technology, compact and lightweight designs, and integration of advanced safety features are among the latest trends shaping the power bank market. Consumer preferences for sleek and aesthetically pleasing power bank designs are also influencing product development.
Future Outlook: The future of the power bank market looks promising, with the integration of smart technologies, such as IoT-enabled power banks and eco-friendly materials. As the demand for energy-efficient and sustainable solutions rises, the market is poised for continued growth and innovation.
Key Market Study Points:
• Market dynamics analysis
• Competitive landscape assessment
• Regulatory framework and standards
• Technological advancements and product innovations
• Consumer behavior and preferences
Market Opportunities: Opportunities abound for market players to tap into emerging markets, introduce innovative products, and collaborate with technology partners to address evolving consumer needs.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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