Power Bank Market
Power Bank Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0511
Segments Covered
By
Capacity 1, 000–5, 000 mAh, 5, 001–10, 000 mAh, 10, 001–15, 000 mAh, 15, 001–20, 000 mAh, Above 20, 001 mAh
-
By
Application Smart Phone, Tablet, Laptop, Portable Media Device, Wearable Device, Digital Camera, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
9 Billion |
 Revenue 2028:
|
16.66 Billion |
 Revenue CAGR
(2021 - 2028): |
8 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Power Bank Market - Global Market Assessment, 2021 - 2028
The global Power Bankmarket research study is based on a comprehensive research methodology that is used to arrive at the market estimations and forecasts. This methodology aid analysts and to learn and understanding market facts and insights from the innermost levels of the market. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Out of the total primary respondents, 24% were from North America, 29% were from Europe, 31% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Power Bank supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Power Bank market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Power Bank supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Power Bank market.
FAQ
Frequently Asked Question
What is the global demand for Power Bank in terms of revenue?
-
The global Power Bank valued at 9 Billion in 2020 and is expected to reach 16.66 Billion in 2028 growing at a CAGR of 8%.
Which are the prominent players in the market?
-
The prominent players in the market are Ambrane India Pvt. Ltd., Lenovo (India) Private Limited, Zebronics India Pvt. Ltd., Portronics Digital Private Limited, SSK Group, Philips India Limited, Intex Technologies (India) Ltd., Best IT World (India) Private Limited, Lapguard, Xiaomi Technology India Private Limited, Sony India Private Limited..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Power Bank include
- The companies are innovating their products and focusing on launching power banks with newer technologies, which, in turn, reduce the price for older versions of power banks. The drop in prices would not just increase the consumer base but would also affect the pricing of products provided by competitors.
- The rise in the disposable income is anticipated to augment the growth of the market over the forecast period.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Power Bank in 2020.
