The power bank global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Power Bank Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The power bank market size has grown rapidly in recent years. It will grow from $16.96 billion in 2023 to $18.9 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to growth in mobile devices and smartphones, demand for portable and backup power solutions, expansion of travel and outdoor activities, use in emergency and disaster preparedness, regulatory standards for battery safety..
The power bank market size is expected to see rapid growth in the next few years. It will grow to $29.95 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to high-capacity and fast-charging power banks, growth in electric scooter and bike charging, customized power banks for specific devices, expansion in solar and wireless charging power banks, increased use in wearables and iot devices.. Major trends in the forecast period include regulatory compliance in power bank safety and standards, smart and iot-enabled power banks, sustainable and eco-friendly power bank solutions, personalized power banks for specific user needs, transparency in battery sourcing and recycling, integration of power banks in outdoor adventure gear..
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
With the huge rise in urban population, there has been an increase in demand for smartphones and tablets among people across the globe which is generating the higher requirement for power banks to charge these devices. According to a report published by Sify Technologies Limited, an India-based information and communications technology company in April 2021, the world is advancing towards the 5G network and smartphone revenue is predicted to increase by more than 13% in the year 2021. Moreover, according to Statista, nearly 1.38 billion smartphones were sold worldwide in 2020 and the numbers are expected to reach 1.5 billion in 2021. Therefore, increasing sales of smartphones are projected to propel revenues for the power bank market over the forecast period.
Market Trends –
Wireless power banks are a key emerging trend in the field of power bank market which has a potential for expansion in the future. This will enable people to charge their electronic devices from anywhere with an excellent touchless experience. These types of power banks provide faster charging and multiple charging options. The user does not have to take the pain of carrying an extra cable and plugging it in. Many the brands like Samsung, Xiaomi, Ambrane, and other brands have already started investing in manufacturing wireless chargers for different types of smartphones. In October 2022, Stuffcool, an India based company that provides high-quality accessories for smartphones, tablets and laptops, launched a new Made in India 15W wireless charging Powerbank with a 20W PD wired output. The new Stuffcool wireless Powerbank comes with a light-weight and slim design, an LED indicator to show the battery percentage while charging and discharging, a micro USB port and a USB Type-C charging port.
The power bank market covered in this report is segmented –
1) By Battery Type: Lithium Ion, Lithium Polymer
2) By Price Range: Low, Medium, High
3) By Application: Smart Phone, Tablet, Digital Camera, Laptop, Other Applications
4) By Distribution Channel: Online, Offline
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Regional Insights –
Asia-Pacific was the largest region in the power bank market in 2023. The regions covered in the power bank market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the power bank market include Ambrane India Pvt. Ltd., ADATA Technology Co. Ltd., Anker Innovations Technology Co. Ltd., AsusTeK Computer Inc., Griffin Technologies Inc., Intex Technologies india Ltd., Lenovo Group Ltd., Panasonic Corporation., Rav Power And Infra (India) Private Limited, Sony Corporation., Xiamoi Corporation., Aukey Technology Co. Ltd., Dell Technologies Inc., Duracell Inc., Changsha Meng Tuo Electronic Commerce Co. Ltd., iWALK Global Co Ltd., Microsoft Corporation, myCharge, OmniCharge Inc., Syska led lights Pvt Ltd., TP-Link Technologies Co. Ltd., Uimi Technology Pvt. Ltd., OnePlus Technology Co. Ltd., UNU Electronics Inc., Samsung SDI Co Ltd., Belkin International Inc., Zendure Deutschland., Jackery Inc., Shenzhen Value in Action Technology Co.Ltd., Poweradd, Tylt Inc., ROMOSS Technology Co. Ltd, Maxell Holdings Ltd., GP Batteries International Limited, Toshiba Corporation., Huawei Technologies Co. Ltd., ZTE Corporation, LG Electronics Inc., HP Inc., Acer Inc.
Table of Contents
1. Executive Summary
2. Power Bank Market Report Structure
3. Power Bank Market Trends And Strategies
4. Power Bank Market – Macro Economic Scenario
5. Power Bank Market Size And Growth
…..
27. Power Bank Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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