Reliable Data You Can Trust
Reliable Data You Can Trust
A recent
report published by Infinium Global Research on power bank market provides
in-depth analysis of segments and sub-segments in the global as well as
regional power bank market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional power bank market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global power bank market.
According to the report, the global power bank market is projected to grow at a
CAGR of 9.2% over the forecast period of 2019-2025.
Nowadays with
new innovations, companies are attracting consumers. Anker Technology Co.
Limited a global leader in charging technology launched new PowerPort Atom PD 2
having a total charging rate of 60W. The power bank manufacturers are focusing
on new product launches, mergers, and acquisitions. These players have adopted
strategies such as geographic expansion, product portfolio expansion, and collaborations
to maximize their market share.
The growing
demand for smartphones drives the growth of the power bank market. The use of the internet on smartphones and
playing power consuming games drains the battery of devices that stimulates the
growth of the power bank market. Power banks require less capital investment
for setting up a manufacturing plant, which boosts the growth of the power bank
market. Power banks are easy to use, portable and convenient. New advancements
such as power banks based on solar and hydrogen cells stimulate the growth of
the power bank market. In addition, battery problems occur in long distance
traveling that boosts the need for power banks. Reduced cost of power banks
contributes to the growth of the power bank market. However, the latest
smartphones with advanced facilities of quick and wireless charging restrain
the growth of the power bank market. Moreover, technological advancements
create numerous opportunities for power bank manufacturers. The new innovative
power banks have a smaller size and recharge with the USB port.
Asia-Pacific
region is anticipated to be dominant in the power bank market. The increasing
use of electronic devices, digitalization, and availability of cost-effective
power banks contribute to the growth of the power bank market. China is having
the highest number of mobile phone users that boosts the demand for the power
bank market in the Asia-Pacific region. North America is expected to grow in
the power bank market due to the rising adoption of a power bank by the
consumers. Europe region has a healthy growth rate in the power bank market.
The report on
global power bank market covers segments such as product type, port type,
charging source, capacity, and distribution channel. On the basis of product
type, the sub-markets include portable power banks, phone charging cases, and
solar power banks. On the basis of port type, the sub-markets include standard,
type c, and dc power jack. On the basis of charging source, the sub-markets include
electric, solar, and hybrid. On the basis of capacity, the sub-markets include
up to 5,000 mAh, 5,001 mAh – 12,000 mAh, 12,001 mAh – 20,000 mAh, and above
20,000 mAh. On the basis of distribution channel, the sub-markets include
retailers, supermarkets, and online.
The report
provides profiles of the companies in the market such as Beijing Xiaomi
Technology Co. Ltd., Sony Corporation, Microsoft Corporation, Intex
Technologies, Ambrane India Pvt. Ltd., Anker Technology Co., Samsung
Electronics Co., Ltd., Panasonic Corporation, Intex Technologies, Lenovo Group
Limited, and Other companies.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of power bank market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.