Power Bank Market Outlook 2018 To 2025: Grand View Research Inc.
San Francisco, 28 February 2019: The Report Power Bank Market Size, Share & Trends Analysis Report By Capacity Range, By Distribution Channel (Online, Offline), By Battery Type, By Energy Source (Electric, Solar), By End User, And Segment Forecasts, 2018 – 2025
The global Power Bank Market size is anticipated to reach USD 27.75 billion by 2025 expanding at a CAGR of 18.4% during the forecast period, according to a new report by Grand View Research. Currently, power banks are one of the essential mobile accessories. Increasing demand for power banks and intense competition in the market has led to a reduction in their prices. This is expected to help boost the market growth over the coming years. Rising use of internet and insufficient battery capacity of smartphones and other mobile consumer electronic products are the key factors driving the growth in sales of power banks globally.
Further key findings from the study suggest:
Grand View Research has segmented global power banks market on the basis of capacity range, energy source, battery type, end user, distribution channel, and region.
Power Banks Capacity Range Outlook (Revenue, USD Billion, 2014 - 2025)
The global Power Bank Market size is anticipated to reach USD 27.75 billion by 2025 expanding at a CAGR of 18.4% during the forecast period, according to a new report by Grand View Research. Currently, power banks are one of the essential mobile accessories. Increasing demand for power banks and intense competition in the market has led to a reduction in their prices. This is expected to help boost the market growth over the coming years. Rising use of internet and insufficient battery capacity of smartphones and other mobile consumer electronic products are the key factors driving the growth in sales of power banks globally.
Growth in GDP, increased consumer purchasing power, and improved living standards are propelling the growth of the electronics market, which, in turn is driving the power banks market. The 8,001 mAh-20,000 mAh capacity range segment is expected to register the highest CAGR over the forecast period owing to the capacity of these power banks to charge a device multiple times.
The Asia Pacific region led the market in terms of revenue in 2017.Factors, such as growing population and rising penetration of e-commerce in the electronics industry, are augmenting the demand for power banks in Asia Pacific. Thus, the region is expected to witness a significant gain in revenue share over the forecast period. The lithium-ion battery segment held the largest market share in 2017.Lithium-ion batteries offer numerous advantages, such as relatively low self-discharging, high energy density, and low maintenance.
Access Research Report of Power Bank Market @ www.grandviewresearch.com/press-release/global-power-bank-marketFurther key findings from the study suggest:
- The online distribution channel segment is expected to witness substantial growth over the forecast period owing to the growing number of internet users
- The electric power banks segment accounted for the largest market share in 2017
- However, the solar power banks segment is expected to register the fastest CAGR from2018 to 2025
- Countries including U.S., China, Japan, India, and Mexico are expected to witness considerable growth over the forecast period owing to robust industrial development and extensive urbanization
- Major companies in the global power banks market include Beijing Xiaomi Technology Co. Ltd.; Lenovo Group Ltd.; Microsoft Corporation; Panasonic Corporation; Sony Corporation; ASUS TeK Computer, Inc.; Anker Technology Co.; Intex Technologies; and Ambrane India Private Ltd.
Grand View Research has segmented global power banks market on the basis of capacity range, energy source, battery type, end user, distribution channel, and region.
Power Banks Capacity Range Outlook (Revenue, USD Billion, 2014 - 2025)
- Up to 3,000 mAh
- 3,001 mAh-8,000 mAh
- 8,001 mAh-20,000 mAh
- Above 20,000 mAh
- Electric
- Solar
- Lithium-Ion Batteries
- Lithium Polymer Batteries
- Industrial/B2B
- Consumer Electronics
- Online
- Offline
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- Japan
- China
- India
- South America
- Brazil
- Middle East & Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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