Power Bank Market Set to Achieve a Valuation of US$ 29.19 Billion, Riding on a 8.20% CAGR by 2032

The rising demand for power banks has resulted in a decline in their prices, making them more affordable for consumers. The market's increasing demand and high level of competition among manufacturers contribute to this downward trend in pricing, ultimately reducing the overall cost of owning a power bank.

The growing use of the internet and the limited battery capacity of smartphones and other mobile devices are significant drivers behind the global sales growth of power banks. As people rely more heavily on their electronic devices for various online activities, the need for portable power sources becomes crucial to ensure uninterrupted usage.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

• The global power banks market size and share were valued at USD 14.34 billion in 2023.
• The market is expected to expand at a CAGR of 8.20% from 2024 to 2032.
• The industry is expected to grow to USD 29.19 billion by 2032.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐨 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞 𝐈𝐦𝐩𝐚𝐜𝐭𝐟𝐮𝐥 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬:
https://www.polarismarketresearch.com/industry-analysis/power-banks-market/request-for-sample

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

A battery charger, recharger, or simply charger is a device that stores energy in a battery by passing an electric current through it. The charging methodology (how much voltage or current to apply for how long and what to do after the charge is complete) is determined by the size and kind of battery being charged. Some battery types are highly resistant to overcharging (i.e., charging after the battery has been fully charged) and can be recharged by connecting to a constant voltage or constant current source, depending on the battery type.

𝐊𝐞𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬:

The participants focus on strategic developments to provide improved machines to their clients and grow their company globally. Some of the major players participating in the market are:

• Ambrane
• Anker Technology
• ASUSTeK Computer
• Beijing Xiaomi Technology
• Intex Technologies
• Lenovo Group
• Microsoft Corporation
• Panasonic Corporation
• Samsung SDI
• Sony Corporation.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2565/2

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

Increased local manufacture and assembly of power banks has resulted in cost savings. As more businesses build production facilities in different countries, economies of scale emerge, lowering manufacturing costs. Power banks, unlike other consumer electronics goods, require a lesser capital expenditure to establish a manufacturing facility. The comparatively low entry barriers make it easier for new competitors to enter the power banks market, increasing competition and driving costs down.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.polarismarketresearch.com/industry-analysis/power-banks-market

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The power banks market is mainly segmented based on capacity range, energy source, battery type, distribution channel, and region. Based on the capacity range analysis in 2022, the largest market share is held by the 8,001 mAh-20,000 mAh segment. The increased capacity of energy banks permits users to set up their machines for numerous periods without the necessity to restore the ability to bank itself repeatedly. Also, based on the energy source research, over the period, the electric segment anticipates the largest market share. Mobile devices have become integral to our daily lives, and the need for a portable power source to keep them charged has increased significantly. Due to these features and benefits, electric power banks have experienced substantial demand and continue to dominate the market.

𝐏𝐨𝐰𝐞𝐫 𝐁𝐚𝐧𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Online segment recorded steady growth, owing rise in internet penetration in emerging nations
• Electric segment led the revenue share. This is primarily due to rise in usage of consumers electronic devices and smartphones
• Asia Pacific dominated the global market with substantial share in 2022, due to huge smartphone users, and surge in internet penetration

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐁𝐚𝐬𝐤𝐞𝐭𝐛𝐚𝐥𝐥 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/basketball-apparel-market

𝐍𝐨𝐫𝐝𝐢𝐜 𝐄𝐲𝐞𝐰𝐞𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/nordic-eyewear-market

𝐏𝐨𝐫𝐭𝐚𝐛𝐥𝐞 𝐓𝐨𝐢𝐥𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/portable-toilet-market

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐒𝐦𝐚𝐫𝐭 𝐁𝐚𝐭𝐡𝐫𝐨𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/north-america-smart-bathroom-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

This release was published on openPR.