Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Power Bank Market size is expected to reach $22.8 billion by 2028, rising at a market growth of 18.6% CAGR during the forecast period.
The 3,001 mAh-8,000 mAh segment is showcasing CAGR of 18.8% during (2022 - 2028). This is because of the enough charging capacity is provided by power banks with 3001 mAh-8000 mAh capacity range. These are comparatively cheaper in prices which is further rising the demand for these power banks and thus is predicted to support the growth of power bank market in this segment in the future years.
The Electric segment acquired maximum revenue share in the Global Power Bank Market by Energy Source in 2021 thereby, achieving a market value of $18.9 billion by 2028. They have advantages including simple accessibility, affordability, lightness, and compactness. These are the standard types of portable power banks that may be purchased in retail locations as well as on the internet. They are powered by standard USB sources such as USB chargers when they need to be recharged.
The Lithium Polymer segment has shown the growth rate of 20.9% during (2022 - 2028). Because Li-polymer batteries are flat, lightweight, and moldable, they can be used to create small, streamlined power banks. These batteries are also becoming more and more popular since people believe they are safer than traditional batteries. One of the main causes propelling the market growth is the fact that many smartphone makers also produce power banks.
The E-commerce segment is leading the Global Power Bank Market by Distribution Channel in 2021 thereby, achieving a market value of $12.6 billion by 2028. E-commerce channel expansion is being fueled by multi-brand and multi-category retailers. This kind of distribution was previously connected to the sale of clothing, appliances, and technological devices, but it's now gaining popularity across a range of sectors and industries.
The Asia Pacific market dominated the Global Power Bank Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8.3 billion by 2028. The Europe market is exhibiting a CAGR of 18.1% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 17.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/power-bank-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Xiaomi Corporation, Microsoft Corporation, Panasonic Corporation, Sony Corporation, Lenovo Group Limited, ASUSTeK Computer Inc., Intex Technologies, Anker Innovations Co. Ltd., Ambrane India Pvt Ltd., and ADATA Technology Co., Ltd.
By Capacity Range
By Energy Source
By Battery Type
By Distribution Channel
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