The Power Bank Market report provides precise information about market trends, industrial changes, customer behaviour, and so on. The research contributes to the development of sophisticated business strategies by outlining brand awareness, market dynamics, potential future problems, industry trends, and consumer behaviours in the ABC industry. Because it is a validated and trustworthy source of information, this market research study provides a telescopic view of current industry trends, developing products, situations, and opportunities that lead the business on the right path to success. The large-scale Power Bank Market report was framed using the proper application of tools such as SWOT analysis and Porter’s Five Forces analysis methodology.
Going for the Power Bank Market research report is the key to success in the global marketplace competition. The report discusses market analysis at the regional, local, and global levels. To create this comprehensive market report, a team of multilingual researchers who are fluent in multiple languages collaborate to conduct market research globally. The team provides clients with every strategic aspect, including product development, key areas of development, application modelling, use of technologies, acquisition strategies, exploring niche growth opportunities, and new markets, by synchronising with project managers.
Download Free Sample Copy of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=4687
Global Power Bank Market: In-Depth Assessment on Key Segments
The global power bank market is segmented on the basis of capacity, energy source, battery type, distribution channel and region.
Capacity
- Up to 3,000 mAh
- 3,001 mAh-8,000 mAh
- 8,001 mAh-20,000 mAh
- Above 20,000 mAh
Energy Source
- Electric
- Solar
Batter Type
- Lithium-ion
- Lithium Polymer
- Petroleum Refining
Distribution Channel
- E-commerce
- Brick and Mortar
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Key Takeaways of Power Bank Market Study
- On the basis of capacity, 8,001 mAh – 20,000 mAh accounts for the largest market value share of more than of the revenue landscape. Increasing demand for high-performance power banks to recharge multiple smart devices is critical in defining growth of this segment.
- Consumer awareness about alternative energy and reduced carbon emission levels is generating demand for solar power banks. The energy source segment exhibits a stellar 19% CAGR during the forecast period.
- Lithium Ion battery type holds a lion’s share of more than 80% of the total market value. Superior capacity coupled with long battery life can be accredited as growth drivers of this segment.
- Lithium Polymer offers lucrative growth opportunities with a meteoric growth rate of ~19% CAGR through 2029. Consumer demand for convenient power bank size and shape along with fast charging capability is driving the growth of this battery type segment.
- Brick and Mortar stores are set to maintain their supremacy over sales with over ~54% share of global sales. This might show a slight decline in coming quarters owing to nationwide lockdowns but will steady out in the near term. Increasing adoption of power banks in developing economies where physical stores are dominant customer touch points is bolstering growth in this segment.
- E-commerce distribution channels exhibit a sky-rocketing 20% CAGR during the projection period. Digitization of economies across the globe can be accredited the growth of this distribution channel segment.
- East Asia has emerged as the prominent region with over 27% share of the total market value. Countries such as China, and Japan are innovation centres for smart device technologies. Coupled with a tech-savvy population, the region offers profitable future prospects with a 19.3% CAGR between 2019 and 2029.
-
Middle east & Africa records the highest growth rate of over 21% CAGR owing to booming digitization of countries and increasing disposable income of millennial consumers.
