Power Bank Market Size, Share & Trends Analysis Report By Capacity Range, By
Distribution Channel (Online, Offline), By Battery Type, By Energy Source
(Electric, Solar), By End User, And Segment Forecasts, 2018 – 2025
The global power banks market size is anticipated to reach USD 27.75 billion by 2025
expanding at a CAGR of 18.4% during the forecast period, according to a new
report by Grand View Research. Currently, power banks are one of the essential
mobile accessories. Increasing demand for power banks and intense competition
in the market has led to a reduction in their prices. This is expected to help boost
the market growth over the coming years. Rising use of internet and
insufficient battery capacity of smartphones and other mobile consumer
electronic products are the key factors driving the growth in sales of power
banks globally.
Growth in GDP, increased consumer
purchasing power, and improved living standards are propelling the growth of
the electronics market, which, in turn is driving the power banks market. The
8,001 mAh-20,000 mAh capacity range segment is expected to register the highest
CAGR over the forecast period owing to the capacity of these power banks to
charge a device multiple times.
The Asia Pacific region led the market in
terms of revenue in 2017.Factors, such as growing population and rising
penetration of e-commerce in the electronics industry, are augmenting the
demand for power banks in Asia Pacific. Thus, the region is expected to witness
a significant gain in revenue share over the forecast period. The lithium-ion
battery segment held the largest market share in 2017.Lithium-ion batteries
offer numerous advantages, such as relatively low self-discharging, high energy
density, and low maintenance.
Access Research Report of Power Banks Market@ www.grandviewresearch.com/industry-analysis/power-banks-market
Further key findings from the study suggest:
· The online distribution channel segment is
expected to witness substantial growth over the forecast period owing to the
growing number of internet users
· The electric power banks segment accounted
for the largest market share in 2017
· However, the solar power banks segment is
expected to register the fastest CAGR from2018 to 2025
· Countries including U.S., China, Japan,
India, and Mexico are expected to witness considerable growth over the forecast
period owing to robust industrial development and extensive urbanization
· Major companies in the global power banks
market include Beijing Xiaomi Technology Co. Ltd.; Lenovo Group Ltd.; Microsoft
Corporation; Panasonic Corporation; Sony Corporation; ASUS TeK Computer, Inc.;
Anker Technology Co.; Intex Technologies; and Ambrane India Private Ltd.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/semiconductors-and-electronics
Grand View Research has segmented global
power banks market on the basis of capacity range, energy source, battery type,
end user, distribution channel, and region.
Power Banks Capacity Range Outlook
(Revenue, USD Billion, 2014 - 2025)
·
Up to 3,000 mAh
·
3,001 mAh-8,000 mAh
·
8,001 mAh-20,000 mAh
·
Above 20,000 mAh
Power Banks Energy Source Outlook (Revenue,
USD Billion, 2014 - 2025)
·
Electric
·
Solar
Power Banks Battery Type Outlook (Revenue,
USD Billion, 2014 - 2025)
·
Lithium-Ion Batteries
·
Lithium Polymer Batteries
Power Banks End User Outlook (Revenue, USD
Billion, 2014 - 2025)
·
Industrial/B2B
·
Consumer Electronics
Power Banks Distribution Channel Outlook
(Revenue, USD Billion, 2014 - 2025)
·
Online
·
Offline
Power Banks Regional Outlook (Revenue, USD
Billion, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
South America
·
Middle East & Africa (MEA)
Access Press Release of
Power Banks Market@ www.grandviewresearch.com/press-release/global-power-bank-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
