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Power Bank Market Value is Projected to Reach Approximately US$ 29.5 Billion by 2024

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The global power bank market exceeded a value of more than US$ 9.8 Billion in 2018. Looking forward, the market value is anticipated to reach around US$ 29.5 Billion by 2024, registering a CAGR of more than 20% during 2019-2024.

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Power Bank Market Value is Projected to Reach Approximately US$ 29.5 Billion by 2024

  1. 1. Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Power Bank Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved
  2. 2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on 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, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
  3. 3. Report DescriptionReport Description and Highlights Global Power Bank Market Overview: According to the latest report by IMARC Group, titled “Power Bank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global power bank market exceeded a value of more than US$ 9.8 Billion in 2018. A power bank is defined as a portable device used to charge electronics like smartphones and tablets. With the onset of digitalization, the demand for electronic gadgets has gradually increased worldwide. As a result, power banks are progressively being acquired as a common source of battery backup for devices with USB capability. Other factors such as mobility and versatility of power banks have also augmented their demand. Power Bank Market Trends One of the major forces which has been proactive in maintaining the growth of the market is the availability of low-cost power banks. The escalating sales through various online portals and e- commerce websites are also propelling the market growth. Moreover, setting up a power bank production facility requires less capital investment, which has created a positive outlook for both the existing manufactures and new entrants. Further, as internet usage on smartphones leads to heavy drainage of their inbuilt batteries, the rising internet penetration gas driven the consumption of power banks, especially in emerging countries.
  4. 4. Report DescriptionReport Description and Highlights 120.2 125.5 130.8 136.1 141.4 146.7 152.0 157.3 0 20 40 60 80 100 120 140 160 2011 2012 2013 2014 2015 2016 2017 2018 inBillionUS$ 160.0 165.3 170.6 175.9 181.2 186.5 0 20 40 60 80 100 120 140 160 180 2019 2020 2021 2022 2023 2024 InBillionUS$ Apart from this, the introduction of eco-friendly solar and hydrogen fuel-based power banks is expected to catalyze the market growth. Looking forward, the market value is anticipated to reach around US$ 25.5 Billion by 2024, registering a CAGR of more than 20% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/power-banks-market/requestsample
  5. 5. Report DescriptionReport Description and Highlights Key Market Segmentation: Market Segmentation by Product Type • Portable Power Banks • Solar Power Banks • Battery Cases Based on product types, the market has been segmented as portable power banks, solar power banks and battery cases. Amongst these, portable banks account for the largest market share. Market Segmentation by Battery Types • Lithium-Ion • Lithium-Polymer The global power bank marker is bifurcated by battery type into lithium-ion and lithium-polymer batteries. At present, lithium-ion battery holds the dominant share, representing the most popular type.
  6. 6. Report Description Report Description and Highlights Market Segmentation by power Rating • Below 3,000 mAh • 3,001 mAh – 8,000 mAh • 8,001 mAh – 20,000 mAh • Above 20,000 mAh On the basis of capacity range, batteries with 8001 mAh-20,000 mAh range account for the biggest share. Other categories include 3,001 mAh- 8,000 mAh; up to 3,000 mAh; and above 20,000 mAh. Market Segmentation by Application • Smartphones • Tablets • Portable Media Devices • Others Based on application, smartphone are the major application segment of power banks, holding the dominant share. Other major segments include tablets and portable media devices.
  7. 7. Report DescriptionReport Description and Highlights Market Segmentation by Region • Asia Pacific • Europe • North America • Middle East and Africa • Latin America Region-wise, the market has been divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Currently, Asia pacific is the leading market for power banks across the globe. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • Beijing Xiaomi Technology Co., Ltd. • Lenovo Group Ltd.
  8. 8. Report DescriptionReport Description and Highlights • Microsoft Corp. • Panasonic Corp. • Sony Corp. • 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. For more information, click here: https://www.imarcgroup.com/power-banks-market
  9. 9. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  10. 10. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  11. 11. Report DescriptionReport Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
  12. 12. FOR MORE DETAILS Visit us at : Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com https://www.imarcgroup.com Contact Us

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