Power Banks - Global Strategic Business Report

The global market for Power Banks is estimated at US$11.8 Billion in 2023 and is projected to reach US$24.9 Billion by 2030, growing at a CAGR of 11.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the power bank market is driven by several factors, including the rapid proliferation of portable electronic devices, increasing travel and mobility, and the necessity for continuous connectivity. The widespread adoption of smartphones across various demographics necessitates extended battery life, especially in regions with unreliable power infrastructure. Additionally, the modern lifestyle, characterized by frequent travel and prolonged periods away from conventional power sources, has bolstered the need for portable power solutions.

Technological innovations that have led to more compact, high-capacity, and multi-functional power banks also contribute significantly to market expansion. Furthermore, consumer behavior has shifted towards prioritizing devices that enhance convenience and are aligned with a digital, mobile-first lifestyle. As a result, the power bank market continues to grow, fueled by these technological, social, and economic drivers, making it a vital component of today's mobile ecosystem.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Lithium Ion Battery-based Power Banks segment, which is expected to reach US$17.8 Billion by 2030 with a CAGR of a 10.8%. The Lithium Polymer Battery-based Power Banks segment is also set to grow at 12.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $2.4 Billion in 2023, and China, forecasted to grow at an impressive 12.7% CAGR to reach $4.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Power Banks Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Power Banks Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Power Banks Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Huawei Technologies Co., Ltd., Belkin international, Inc., Best IT World (India) Pvt., Ltd. - iBall, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 93 Featured):

• Huawei Technologies Co., Ltd.
• Belkin international, Inc.
• Best IT World (India) Pvt., Ltd. - iBall
• ADATA Technology Co., Ltd.
• Duracell, Inc.
• GadgeTek Inc.
• Ambrane India Pvt., Ltd.
• Griffin Technology, Inc.
• GPI International Ltd.
• Anker Technology (UK) Ltd.
• Goal Zero LLC
• HONOR
• Cygnett
• Giovannoni Design Srl
• HDE Trading Limited