Power bank market forecast 2017-2022 published by leading research firm

Global Power Bank Market was valued at USD 8.31 Billion in the year 2017. Global Power Bank market is further estimated to grow at a CAGR of 19.06% from 2017 to 2023 to reach USD 23.67 Billion. Asia Pacific region holds the highest market share in 2017 and European market is considered as the fastest growing market in the forecasted period.

At a country level, China, Japan, and India hold the highest market share in 2017 and it is projected to grow at a strongly in the coming years.

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Microsoft Corporation (U.S), Sony Corporation (Japan), Lenovo Group Ltd. (Hong Kong), Xiaomi Inc. (China), Ambrane India Pvt.

Ltd. (India), Intex Technologies (India) Ltd. (India), UNU Electronics Inc. (U.S), Portronics Digital Pvt.

Ltd. (India), Oneplus Technology (Shenzhen) Co. Ltd. (China) are some of the key players in the Global Power Bank market.

Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

             Rising awareness of digital products and accessories

Restraints:

             Poor quality and consistency of power bank

Opportunities:

             Use of solar energy for charging

Challenges:

             Government regulation

The major shares come from smartphone segment in Global Power Bank Market with highest CAGR. On the other hand, lithium-ion batteries hold the highest market because of the low maintenance.

Key Benefits for Stakeholders

Power Bank Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Capacity Range

Capacity 500 mAh to 3,499 mAh

Capacity 3,500 mAh to 6,499 mAh

Capacity 6,500 mAh to 9,499 mAh

Capacity 9,500 mAh to 12,499 mAh

Capacity 12,500 mAh to 15,499 mAh

Capacity above 15,500 mAh

By Application

Smartphones

Tablets

Portable Media Devices

Others

By Battery Type

Lithium-polymer

Lithium-ion

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

Microsoft Corporation (US)

Sony Corporation (Japan)

Lenovo Group Ltd. (Hong Kong)

Xiaomi Inc. (China)

Ambrane India Pvt. Ltd. (India)

UNU Electronics Inc. (U.S)

Portronics Digital Pvt. Ltd. (India)

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Category: Industry Reports & Market Analysis Profile: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...