Global Power bank Market study includes In-depth Analysis of the market by latest technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The power bank Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in power bank Business, Market Share of Product, Application and Regional Scope of power bank which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue. This report will help the viewer in Better Decision Making.
The global power bank market size is projected to account for USD 27.8 billion by 2027 and is expected to grow with 18.4% CAGR over the forecast period, from 2020 to 2027. Currently, the power bank has become an essential mobile accessory. Therefore, market players are striving to offer advanced power banks for their customers at affordable prices. Further, factors such as insufficient smartphone battery capacity and growing usage of the internet are driving the demand for power banks across the globe.
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Increase in the number of smartphone users and rising spending capacity on consumer electronics devices are other factors expected to fuel market growth. Additionally, the demand for power banks is growing due to the low battery backup of tablets and smartphones. Power banks having 8,001 mAh–20,000 mAh battery capacities are expected to lead the market due to the high capacity to charge devices multiple times.
In 2019, Asia Pacific held the largest market share and expected to grow with a significant CAGR over the forecast period. This growth is attributed to increasing digitalization, rising spending capacity and industrial development in several countries such as China, Japan, South Korea and other South Asian countries. Moreover, the high growth of the e-commerce industry is also expected to drive the market growth in this region.
Over the past few years, smartphones have gained traction owing to the availability of user-friendly models coupled with integration of advanced features in smartphones and tablets. These devices are used for social media, online shopping, mobile banking, ordering food and other activities which leads to high consumption of data as well as batteries, thereby, expected to drive the power bank market growth. However, smartphone manufacturers are striving to improve their battery capacity which is expected to hinder the market growth to some extent.
Table of Contents
Chapter 1 power bank Market Overview
1.1 power bank Definition
1.2 power bank Market Size Status and Outlook (2020-2027)
1.3 Global power bank Market Size Comparison by Region (2020-2027)
1.4 Global power bank Market Size Comparison by Type (2020-2027)
1.5 Global power bank Market Size Comparison by Application (2020-2027)
1.6 Global power bank Market Size Comparison by Sales Channel (2020-2027)
1.7 power bank Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 power bank Market Segment Analysis by Player
Chapter 3 power bank Market Segment Analysis by Type
And Continue…
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