Major factors driving the growth of this market are the increase in the purchasing power, deterioration in the prices, growing usage of smart phones, tablets and laptops and technological advancements in power bank. On the other hand, poor quality of power banks and counterfeit of power bank products may hinder the growth of the market.
Global Power Bank Market is anticipated to reach USD 32,167.56 million by 2024 from USD 6,474.80 million in 2016, growing at a CAGR of 22.3% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Based on product type, portable mobile power bank market has the largest market segment in power bank market.
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Global Power Bank Market Report is highly concentrated market with major key players and local players to cater the domestic market. AsusTek is dominating the power bank market followed by Xiaomi and Lenovo along with others such as Anker Technology Co. Limited, Microsoft Corp., Panasonic Corporation, Sony Corporation, ADATA Technology Co., Ltd., Intex Technologies (India) Ltd., UNU Electronics Inc., Portronics and Century New Energy Battery Co. Ltd. among other companies.
Key questions answered in this report
What will the market size be in 2024 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Global Power Bank Market segmented By Geography; Capacity Range (500–3499mAh, 3500–6499mAh, 6500–9499mAh, 9500–12499mAh, 12500–15499mAh, Above 15500mAh); USB Port (One USB Port, Two USB Ports, More Than Two USB Ports); Energy Source (Electric, Solar); Battery Type (Lithium Ion (LI-Ion) Battery, Lithium Polymer (LI-Polymer) Battery); Application (Smartphone, Tablet, Digital Camera, Laptop) – Industry Trends and Forecast to 2024
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Founded in 2010 and headquartered at Beijing, China. It is an electronics and software company. Xiaomi develops, designs, and commercializes mobile apps, smartphones, laptops, and other consumer electronics. The company operates its business through product categories such as notebooks, phones, mi TV, smart devices, mi power bank and charging accessories, and audio accessories. The power bank and charging accessories offers various wide ranges of portable chargers and power banks with high range of battery.
Established in 1989 and headquartered in Taiwan, China, ASUSTeK Computer Inc. is a computer hardware and consumer electronics company. The company operates its business through the following product categories such as phones, laptops & 2-in-1 PCs, tablets, motherboards, graphics cards, wearable & healthcare, desktop & all-in one PCs, display, networking, sound, home & automotive, peripheral, gaming, servers & workstations, and zenbo. ASUS has become one of the leading motherboard and gaming brand along with the top-three consumer notebook
Founded in 1984 and headquartered in Hong Kong, China. Lenovo is a major supplier of latest and advanced commercial, consumer, and enterprise technology. The company operates through the four business segments such as PC and smart device, mobile, data center and others. The company’s product portfolio comprises of high-quality, secure products and services which include PCs, servers, storage, workstations, smart TVs and wide range of mobile products like smartphones, tablets and apps.
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