According to IMARC Group’s latest report, titled “Power Bank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global power bank market reached a value of US$ 12 Billion in 2020. Power banks are portable chargers designed to recharge electronic gadgets on-the-go. They can range from slim, pocket-sized devices to larger and higher-capacity chargers, depending on the power requirements of the user. They are compatible with various devices, such as tablets, portable speakers, laptops, mobile phones, cameras, etc. Power banks are usually made from Lithium-Ion (Li-on) and Lithium-Polymer (Li-Po) batteries and are categorized into universal/standard and solar power banks. The universal charger can be charged via conventional USB sources, whereas the solar power banks are charged with both USB chargers and sunlight.
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The escalating demand for smartphones and the declining prices of power banks are positively influencing the global market. Additionally, the rising number of new entrants in the industry due to the low capital investment for establishing manufacturing facilities is acting as another significant growth-inducing factor. Furthermore, the emergence of power banks as fast-moving consumer electronics has increased the competition among manufacturers to introduce innovative solutions to retain and expand the consumer base. This is further anticipated to strengthen the market growth in the coming years. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Xiaomi Technology Co. Ltd.
- Lenovo Group Ltd.
- Microsoft Corporation
- Panasonic Corporation
- Sony Corporation
- Adata Technology Co., Ltd.
- Asustek Computer Inc.
- Ambrane India Pvt. Ltd.
- Anker Technology Co. Ltd.
- Intex Technologies (India) Ltd.
- OnePlus Technology (Shenzhen) Co. Ltd.
- UNU Electronics Inc.
- Samsung SDI Co. Ltd.
Breakup by Product Type:
- Portable Power Banks
- Solar Power Banks
- Battery Cases
Breakup by Battery Type:
Breakup by Power Rating:
- Below 3,000 mAh
- 3,001 mAh – 8,000 mAh
- 8,001 mAh – 20,000 mAh
- Above 20,000 mAh
Breakup by Application:
- Portable Media Devices
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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