Worldwide shipments of power banks are projected to increase at 8.9% CAGR from 2023 to 2033. Currently, the global power bank market enjoys a valuation of US$ 10.5 billion and is forecasted to reach a revenue value of US$ 24.7 billion by the end of 2033.
Increasing smartphone proliferation and rapidly increasing digitization are prime factors that are projected to boost sales of power banks over the next ten years. The constant need to keep digital devices powered at all times is also expected to be an influential prospect affecting market development in the long run.
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Competitive Landscape
Prime power bank suppliers are launching new portable charging devices to expand their product portfolio and gain a competitive edge over other brands.
- In June 2022, Ambrane, an electronics manufacturer in India announced the launch of its first 50,000 mAh power bank. The Stylo Max Power Bank is capable of charging devices such as laptops, digital cameras, and phones. The product is launched with a 180 days warranty and is available on e-Commerce websites like Amazon and Flipkart in blue and black colors.
- In August 2022, Anker, a leading provider of electronic accessories announced the launch of a new MagSafe power bank ahead of the launch of Apple’s iPhone 14 lineup. The new slim MagSafe power bank is packed with a 5,000 mAh battery and comes in a new refreshed slim design.
- In August 2022, Xiaomi, a Chinese consumer electronics manufacturer launched a new power bank that is capable of 2-way fast charging and comes with USB-C ports. The new power bank has a huge capacity of 20,000 mAh and can charge up to 3 devices simultaneously.
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Key Companies Profiled:
- Beijing Xiaomi Technology Co. Ltd.
- Adata Technology Co. Ltd.
- GP Batteries
- Lenovo Group Ltd.
- Samsung SDI Co. Ltd.
- AsusTeK Computer Inc.
- Anker Technology Co. Limited
- Panasonic Corporation
- UNU Electronics Inc.
- Sony Corporation
Key Segments of Power Bank Industry Research
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By Capacity :
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Up to 3,000 mAh
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3,001 mAh-8,000 mAh
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8,001 mAh-20,000 mAh
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Above 20,000 mAh
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By Energy Source :
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Electric
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Solar
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By Battery Type :
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Lithium-ion
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Lithium Polymer
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By Distribution Channel :
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e-Commerce
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Brick & Mortar
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Key Questions Covered in the Power Bank Market Report:
- What is the projected value of the Power Bank factors Industry in 2023?
- At what rate will the global Power Bank factors market size grow until 2033?
- Which are the factors hampering the growth of Power Bank factors?
- Which region is expected to lead in the global Power Bank factors market by 2033?
- Which are the factors driving the Power Bank factors Industry during the forecast period?
- What is the expected market value of the Power Bank factors market during the forecast period?
Regional Analysis for Power Bank Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
What makes Fact.MR report stand out from others?
- Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Power Bank industry. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the industry stakeholders.
- Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Power Bank industry, thus, making it different and special from other reports.
- Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of industry get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
- Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Power Bank industry and assists to create strategies to overcome the obstacles that may hinder the growth of the Power Bank industry.
- Leverage: The Power Bank industry can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
- Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
- Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Power Bank industry.
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