Press release
Power Bank Market- Global Insights, Growth, Industry Analysis, Trends and Forecast
The Power Bank Market size is expected to reach US$ US$ 27528.90 million by 2030 from 10941.67 million in 2022, with an estimated CAGR of 12.6% during the forecast period.Power banks come in various types, including universal power banks, solar-powered power banks, wireless charging power banks, and rugged power banks. Universal power banks are the most common and support charging for a wide range of devices. Solar-powered power banks harness solar energy to charge their internal batteries, making them suitable for outdoor and eco-friendly applications. Wireless charging power banks allow devices to charge without cables, providing added convenience. Further, The rise of remote work and an increasingly mobile workforce have fueled the demand for power banks. Professionals who work outside traditional office environments or frequently travel rely on power banks to ensure their devices remain powered throughout the day. Power banks offer a portable and reliable charging solution, allowing users to work, communicate, and entertain themselves while on the move.
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Analysis of the Top Market Players:
1. ADATA Technology Co., Ltd.
2. Ambrane India Pvt Ltd.?
3. ?Anker Innovations Technology Co., Ltd?
4. AUKEY Online
5. Vinci Brands LLC
6. Intex Technologies.?
7. Lenevo
8. RAV Power
9. Xiomi
10. ZAGG Inc
In this report, the market has been segmented on the basis of:
Capacity (1000-5000 mAh, 5001-10000 mAh, 10001-15000 mAh, 15001-20000 mAh, and Above 20001 mAh)
Battery Type (Lithium-Ion Battery and Lithium-Polymer Battery)
Indicator (LED Lighting and Digital Display)
Application (Smartphone, Tablet, Laptop, Wearable Device, Digital Camera, and Others)
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Based on indicator, the power bank market is bifurcated into LED lighting and digital display. In 2022, LED lighting held a larger market share. The power bank market for the LED lighting indicator segment has gained popularity due to its convenience and functionality. The increasing need to monitor the remaining battery level of their power banks is driving the adoption of power banks with LED lighting indicators. LED indicators visually represent the power bank's charge, allowing users to determine when it needs to be recharged. These power banks are widely used across various devices, including smartphones, tablets, laptops, and portable electronics. The benefits of LED lighting indicators include enhanced user experience, enabling users to manage their charging needs and avoid unexpected power depletion effectively. Among the power banks with LED lighting indicators, models with multiple LED lights are widely preferred as they offer more precise battery level information
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