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Power Bank Global Market Report 2023

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    Report

  • 200 Pages
  • February 2023
  • Region: Global
  • The Business Research Company
  • ID: 5744148

Quick Summary:

Understanding the dynamics of the fast-paced global power bank market is crucial for any senior executive with stakes in this rapidly growing industry. With burgeoning smartphone consumption and the unprecedented advancements in the 5G network, the necessity for power banks is rapidly increasing. As outlined in this comprehensive market research report, it provides in-depth insight into sales trends, technological developments, and latent growth opportunities within this promising sector.

From detailing regional market shares to highlighting key players like Ambrane India Pvt. Ltd. and ADATA Technology Co. Ltd., the report offers an exhaustive understanding of the market landscape. It also explores the emerging trend of wireless power banks, a potential area of expansion that could revolutionize the charging experience. In essence, this market research report promises to be a vital tool in empowering purchase decisions and formulating strategies for enhanced market penetration.

The global power bank market grew from $15.04 billion in 2022 to $16.83 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The power bank market is expected to grow to $26.9 billion in 2027 at a CAGR of 12.4%.

The power bank market consists of sales of lithium polymer (Li-Polymer) power banks and lithium ion (Li-Ion) power banks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A power bank is defined as a portable charger that enables a user to charge their smartphones, laptop, tablet, and other media devices with a USB-enabled connection. These power banks can be reused multiple times by simply recharging them. There are various types of power banks available in the market which include, standard power banks which can be charged using a normal USB port, and solar power banks which use sunlight to charge up and contain photovoltaic panels.

The Asia-Pacific was the largest region in the power bank market in 2022. The regions covered in the power bank report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The main types of batteries used in power banks are lithium ion and lithium polymer. Lithium polymer batteries are rechargeable batteries that use soft a polymer case for resting of the lithium-ion battery inside it. Lithium polymer power banks are more compact and lightweight than lithium-ion power banks. lithium-ion batteries are rechargeable batteries that use lithium ions for the movement of ions from the negative electrode to the positive electrode component of its electrolyte. These batteries have the capacity of a high voltage and charge storage per unit mass and unit volume. The various price ranges for power banks include low, medium, and high. The power banks are used for charging various gadgets including smartphones, tablets, digital cameras, laptops, and others. The power banks are made available to customers through different sales channels including online and offline.

With the huge rise in urban population, there has been an increase in demand for smartphones and tablets among people across the globe which is generating the higher requirement for power banks to charge these devices. According to a report published by Sify Technologies Limited, an India-based information and communications technology company in April 2021, the world is advancing towards the 5G network and smartphone revenue is predicted to increase by more than 13% in the year 2021. Moreover, according to Statista, nearly 1.38 billion smartphones were sold worldwide in 2020 and the numbers are expected to reach to 1.5 billion in 2021. Therefore, increasing sales of smartphones are projected to propel revenues for the power bank market over the forecast period.

Wireless power banks are a key emerging trend in the field of power bank market which has a potential for expansion in the future. This will enable people to charge their electronic devices from anywhere with an excellent touchless experience. These types of power banks provide faster charging and multiple charging options. The user does not have to take the pain of carrying an extra cable and plugging it in. Many the brands like Samsung, Xiaomi, Ambrane, and other brands have already started investing in manufacturing wireless chargers for different types of smartphones. In March 2020, Xiaomi, the Chinese multinational electronic company, released its first wireless power bank. That product is Qi certified, with a 2-way fast charging and features 10W fast wireless charging along with an 18W fast charging output port. The wireless power bank will provide ease and convenience to the user.

In March 2021, Xiaomi Group, China-based electronics company acquired ZIMI Corporation for a deal amount of $205 million. Xiaomi stated in its performance announcement that the company acquired a 50.09% stake in ZIMI Corporation. Before this, Xiaomi already owned 49.91% equity in the company. With this transaction, ZIMI Corporation becomes the wholly-owned subsidiary of Xiaomi Group. The deal would enhance the technological competitiveness of Xiaomi Corporation in the 5G market, IoT, and AI sectors. With ZIMI research and development potential, Xiaomi Group would achieve product power standardization, which will help the company to save costs. ZIMI Corporation is a China-based consumer product company engaged in manufacturing smart products such as Internet of Things (IoT) gadgets, mobile accessories, cameras, and speakers among others.

The countries covered in the power bank market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The power bank market research report is one of a series of new reports that provides power bank market statistics, including power bank industry global market size, regional shares, competitors with a power bank market share, detailed power bank market segments, market trends and opportunities, and any further data you may need to thrive in the power bank industry. This power bank market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Major players in the power bank market are Ambrane India Pvt. Ltd., ADATA Technology Co. Ltd., Anker Innovations Technology Co. Ltd., AsusTeK Computer Inc., Griffin Technology, Intex Technologies India Ltd., Lenovo Group Ltd., Panasonic Corporation, RAVPower, Sony Corporation, Xiamoi Corporation, AUKEY, Dll Inc., Duracell Inc., Easyacc, iWALK Global, Microsoft Corporation, myCharge, Omnicharge, Syska, TP-Link Technologies Co. Ltd., Uimi Technology Pvt. Ltd., OnePlus Technology Co. Ltd., UNU Electronics Inc., and Samsung SDI Co Ltd.



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Frequently Asked Questions about the Global Power Bank Market

What is the estimated value of the Global Power Bank Market?

The Global Power Bank Market was estimated to be valued at $16.83 billion in 2023.

What is the growth rate of the Global Power Bank Market?

The growth rate of the Global Power Bank Market is 12.4%, with an estimated value of $26.9 billion by 2027.

What is the forecasted size of the Global Power Bank Market?

The Global Power Bank Market is estimated to be worth $26.9 billion by 2027.

Who are the key companies in the Global Power Bank Market?

Key companies in the Global Power Bank Market include Ambrane India Pvt. Ltd., ADATA Technology Co. Ltd., Anker Innovations Technology Co. Ltd., AsusTeK Computer Inc., Griffin Technology, Intex Technologies india Ltd., Lenovo Group Ltd., Panasonic Corporation, RAVPower and Sony Corporation.

Table of Contents

1. Executive Summary

2. Power Bank Market Characteristics

3. Power Bank Market Trends And Strategies

4. Power Bank Market - Macro Economic Scenario
4.1. COVID-19 Impact On Power Bank Market
4.2. Ukraine-Russia War Impact On Power Bank Market
4.3. Impact Of High Inflation On Power Bank Market

5. Power Bank Market Size And Growth
5.1. Global Power Bank Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Power Bank Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Power Bank Market Segmentation
6.1. Global Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Lithium Ion
  • Lithium Polymer
6.2. Global Power Bank Market, Segmentation By Price Range , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Low
  • Medium
  • High
6.3. Global Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Smart Phone
  • Tablet
  • Digital Camera
  • Laptop
  • Other Applications
6.4. Global Power Bank Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Online
  • Offline
7. Power Bank Market Regional And Country Analysis
7.1. Global Power Bank Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Power Bank Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Power Bank Market
8.1. Asia-Pacific Power Bank Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Power Bank Market
9.1. China Power Bank Market Overview
9.2. China Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Power Bank Market
10.1. India Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Power Bank Market
11.1. Japan Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Power Bank Market
12.1. Australia Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Power Bank Market
13.1. Indonesia Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Power Bank Market
14.1. South Korea Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Power Bank Market
15.1. Western Europe Power Bank Market Overview
15.2. Western Europe Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Power Bank Market
16.1. UK Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Power Bank Market
17.1. Germany Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Power Bank Market
18.1. France Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Power Bank Market
19.1. Eastern Europe Power Bank Market Overview
19.2. Eastern Europe Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Power Bank Market
20.1. Russia Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Power Bank Market
21.1. North America Power Bank Market Overview
21.2. North America Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Power Bank Market
22.1. USA Power Bank Market Overview
22.2. USA Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Power Bank Market
23.1. South America Power Bank Market Overview
23.2. South America Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Power Bank Market
24.1. Brazil Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Power Bank Market
25.1. Middle East Power Bank Market Overview
25.2. Middle East Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Power Bank Market
26.1. Africa Power Bank Market Overview
26.2. Africa Power Bank Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Power Bank Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Power Bank Market Competitive Landscape And Company Profiles
27.1. Power Bank Market Competitive Landscape
27.2. Power Bank Market Company Profiles
27.2.1. Ambrane India Pvt. Ltd.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. ADATA Technology Co. Ltd.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Anker Innovations Technology Co. Ltd.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. AsusTeK Computer Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Griffin Technology
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Power Bank Market

29. Power Bank Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Power Bank Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on power bank market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Where is the largest and fastest growing market for power bank? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The power bank market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered

1) By Battery Type: Lithium Ion; Lithium Polymer
2) By Price Range: Low; Medium; High
3) By Application: Smart Phone; Tablet; Digital Camera; Laptop; Other Applications
4) By Distribution Channel: Online; Offline

Companies Mentioned: Ambrane India Pvt. Ltd.; ADATA Technology Co. Ltd.; Anker Innovations Technology Co. Ltd.; AsusTeK Computer Inc.; Griffin Technology

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Ambrane India Pvt. Ltd.
  • ADATA Technology Co. Ltd.
  • Anker Innovations Technology Co. Ltd.
  • AsusTeK Computer Inc.
  • Griffin Technology
  • Intex Technologies india Ltd.
  • Lenovo Group Ltd.
  • Panasonic Corporation
  • RAVPower
  • Sony Corporation
  • Xiamoi Corporation
  • AUKEY
  • Dll Inc.
  • Duracell Inc.
  • Easyacc
  • iWALK Global
  • Microsoft Corporation
  • myCharge
  • Omnicharge
  • Syska
  • TP-Link Technologies Co. Ltd.
  • Uimi Technology Pvt. Ltd.
  • OnePlus Technology Co. Ltd.
  • UNU Electronics Inc
  • Samsung SDI Co Ltd.

Methodology

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