Quadintel published a new report on the Power Bank Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
The global power bank market size was US$ 18.1 billion in 2021. The global power bank market is forecast to reach US$ 29.34 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2030.
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A mobile power bank is a battery charging device that allows users to charge their mobile devices anywhere and at any time. It’s a medium-sized electrical gadget that consists of a specific battery and electronic circuits that regulate the power flow range. Mobile power banks allow users to store electrical energy for charging small computing devices such as smartphones and tablets, anytime and at any place.
Factors Influencing the Market
The growing deployment of smartphones is driving the growth of the power bank market during the forecast period.
The rising number of advanced technologies, such as advancements in Android, Symbian, and IoS, is forecast to offer ample growth opportunities.
The increasing interest of youth and children towards games, running multimedia players, video calling, and high-speed internet services will benefit the global power bank market. These activities consume batteries in the smartphone. Thus, the demand for power banks will increase unexpectedly.
The reducing prices of power banks are forecast to benefit the global power banks market in the coming years. Furthermore, various companies are producing solar-powered or hydrogen-fueled power banks, which will benefit the electric power banks market.
Wireless power banks are forecast to gain traction due to their benefits. In addition, the introduction of advanced technologies by major market players to promote hassle-free charging facilities will offer lucrative opportunities for market growth.
COVID-19 Impact Analysis
The COVID-19 pandemic has caused significant problems in the global power bank market. The pandemic’s overall impact has been negative on various industries. It is mainly due to disruptions in manufacturing processes, including semiconductors and electronics. In addition, trade barriers have made it even more difficult to estimate demand and supply. Thus, it hampered the deployment of power banks, which ultimately affected the global power bank market.
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The increasing use of consumer electronic devices, particularly smartphones and tablets, and the growing power consumption of electronic devices will drive the Asia-Pacific power bank market forward. The use of power banks in Asia-Pacific will increase due to rising disposable income, growing urban populations, and increasing penetration of smartphones and tablets. Furthermore, the expansion of the power bank market in Asia-Pacific is attributed to the growing population and rising disposable income.
Competitors in the Market
Anker Innovations Ltd
Xtorm (Telco Accessories B.V.)
Samsung Electronics Co. Ltd.
Other Prominent Players
Based on Battery Type
Lithium-Ion (Li-Ion) Battery
Lithium Polymer (Li-Polymer) Battery
Based on the Unit of USB Port
1 USB Port
2 USB Ports
More than 2 USB Ports
Based on Indicator
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Based on Capacity
Up to 3,000 mAh
Above 20,001 mAh
Based on the Energy Source Outlook
Based on Application
Portable Media Device
Based on Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
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What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
- Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
- the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
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