Global Power Bank Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type [Lithium-Ion (Li-Ion) Battery, Lithium Polymer (Li-Polymer) Battery], By End-Use Industry [Digital Camera, Laptop, Portable Media Device, Smart Phone, Tablet, Wearable Device, Others), And By Geography - Forecasts From 2020 To 2025

Published:  May 2021 Report Code: KSI061610210 Pages: 120

The global power bank market is expected to grow at a CAGR of 13.03% over the forecast period to reach US$35.173 billion by 2025 from US$16.867 billion in 2019. Power Bank – The quintessential accessory that today’s consumer can’t do without, is a portable power storage device that is used to charge rechargeable batteries, which are an integral part of a variety of electronic devices like cellular devices, wearable devices, as well as devices that are required specialized field like proprietary GPS enabled devices used in geological surveys,  by means of power from conventional or solar power sources. The main purpose of power banks is to enable users to enjoy all sorts of conveniences made available through the internet as well as ensure that they can access emergency services should the need arise.

Based on the type of battery, the Li-Polymer (Lithium Polymer) segment is expected to grow at a relatively higher rate during the forecast period of the global power bank market. The specialty of these power banks is that of their innovative form-factor and safety offerings that make them extremely competitive with regards to their attractiveness. The aforesaid also aids in expanding the power bank variety in terms of weight safely. Further, continuous efforts are being made to develop slimmer and compact power banks. The consumers who are required a relatively greater number of devices and need to travel a lot would be inclined towards this type of portable power bank.

Nevertheless, the Li-Ion (Lithium Ion) segment is expected to hold a major share in the power bank market space since they currently most use batteries. The characteristics of these batteries are that they are of high conversion rate, high energy density, and high energy capacity simultaneously relatively cheaper to manufacture due to their relatively low production and maintenance cost. Moreover, the high voltage of Li-ion batteries makes them ideal for applications in personal computers and tablets. Hence, the demand for the Li-Ion (Lithium Ion) power bank is to remain strong. Simultaneously, the Li-Polymersegment is expected to grow at a relatively higher rate during the forecast period of the global power bank market. The specialty of these power banks is that of their innovative form-factor and safety offerings that make them extremely competitive with regards to their attractiveness. The aforesaid also aids in expanding the power bank variety in terms of weight safely. Further, continuous efforts are being made to develop slimmer and compact power banks. The consumers who are required a relatively greater number of devices and need to travel a lot would be inclined towards this type of portable power bank

The significant market share with regards to the end-use application of power banks would be occupied by smartphones due to the variety of applications. The extensive use of data via internet services over smartphones is one of the major contributing factors to the fast battery drain. Therefore, a smartphone is a major application for the power bank due to the need for keeping them in operations for a longer duration. Additionally, with the advent of streaming services that are being increasingly consumed by consumers across all over the world, the need for sustaining mobile device power is also another sub-component that would further drive the market for power banks.

With regards to quite a few developed and emerging economies, the emergence of charging kiosks with rent-a-charger facilities is taking the power bank market by storm. It is a facility wherein consumers scan a QR code and rent a power brick with the choice of either staying by the kiosk or taking the power brick along with them. Once the charging is finished, they can simply insert the power brick back into the kiosk. Further for added convenience the consumer scan available kiosks near their vicinity with the help of an app. This kiosk system of rent-a-charger model could also be integrated with many other businesses wherein the consumers need to wait while receiving a particular service as well as it can cater to visiting tourists. Thus, with the increasing popularity of kiosks retailers are empowered to further the power bank market in the future.

The increasing growth of the middle-income population, rising buying capacity, and an already established and consumer electronics market of the APAC region would collectively contribute to significant growth of the market. Further due to rapid urbanization in all most all the regions of the world, the adoption of power banks will emerge as a necessity and would further boost the market.

Global Power Bank Market Scope:

Report Metric Details
 Market size value in 2019  US$16.867 billion
 Market size value in 2025  US$35.173 billion
 Growth Rate  CAGR of 13.03% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  ADATA Technology Co., Ambrane India Pvt Ltd, Duracell Inc., Griffin Technology,   Huawei Device Co., Ltd., Lenovo, Panasonic Corporation, Sony Corporation, Syska,   Philips
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Lithium-Ion (Li-Ion) Battery
    • Lithium Polymer (Li-Polymer) Battery
  • By Application
    • Digital Camera
    • Laptop
    • Portable Media Device
    • Smart Phone
    • Tablet
    • Wearable Device
    • Others
  • By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • United Arab Emirates
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global power bank market?
A1. Power Bank Market was valued at US$16.867 billion in the year 2019.


Q2. What will be the global power bank market size by 2025?
A2. The global power bank market is expected to reach a market size of US$35.173 billion by 2025.


Q3. What are the growth prospects for the global power bank market?
A3. The power bank market is expected to grow at a CAGR of 13.03% over the forecast period.


Q4. How is the global power bank market segmented?
A4. The global power bank market has been segmented by type, application, and geography.


Q5. What is the base year considered in the global power bank market report?
A5.  2019 has been taken as the base year in the global power bank market.

 
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Power Bank Market Analysis, by Type
5.1. Introduction
5.2. Lithium-Ion (Li-Ion) Battery
5.3. Lithium Polymer (Li-Polymer) Battery
 
6. Power Bank Market Analysis, by Application
6.1. Introduction
6.2. Digital Camera
6.3. Laptop
6.4. Portable Media Device
6.5. Smart Phone
6.6. Tablet
6.7. Wearable Device
6.8. Others
 
7. Power Bank Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. South America Power Bank Market, By Type, 2019 to 2025
7.2.2. South America Power Bank Market, By Application, 2019 to 2025
7.2.3. By Country
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. South America Power Bank Market, By Type, 2019 to 2025
7.3.2. South America Power Bank Market, By Technology, 2019 to 2025
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. Europe Power Bank Market, By Type, 2019 to 2025
7.4.2. Europe Power Bank Market, By Application, 2019 to 2025
7.4.3. By Country
7.4.3.1. UK
7.4.3.2. Germany
7.4.3.3. France
7.4.3.4. Others
7.5. Middle East and Africa
7.5.1. Middle East and Africa Power Bank Market, By Type, 2019 to 2025
7.5.2. Middle East and Africa Power Bank Market, By Application, 2019 to 2025
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. United Arab Emirates
7.5.3.3. Israel
7.5.3.4. Others
7.6. Asia Pacific
7.6.1. Asia Pacific Power Bank Market, By Type, 2019 to 2025
7.6.2. Asia Pacific Power Bank Market, By Application, 2019 to 2025
7.6.3. By Country
7.6.3.1. Japan
7.6.3.2. China
7.6.3.3. India
7.6.3.4. Others
 
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
 
9. Company Profiles
9.1. 3M ADATA Technology Co.
9.2. Ambrane India Pvt Ltd
9.3. Duracell Inc.
9.4. Griffin Technology
9.5. Huawei Device Co., Ltd.
9.6. Lenovo
9.7. Panasonic Corporation
9.8. Sony Corporation
9.9. Syska
9.10. Philips

ADATA Technology Co.

Ambrane India Pvt Ltd

Duracell Inc.

Griffin Technology

Huawei Device Co., Ltd.

Lenovo

Panasonic Corporation

Sony Corporation

Syska

Philips

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