Power Banks Market Estimated to Expand at a Robust CAGR over 2026

San Jose, CA -- (SBWire) -- 03/13/2019 --Power Banks Market – Snapshot

Power banks are products that are used to transfer energy into rechargeable batteries or secondary cells by means of electric current or solar energy. Such products are portable in nature and can provide charge to electric devices without a power socket. Growing usage of gadgets among the population and constant demand for frequent charging has resulted in the rise in demand for power banks over the years. Power banks are generally used outdoors especially while travelling; hence, quick and fast recharge of devices is one of the prime requisites of consumers. Additionally, some consumers also travel for longer durations and need to charge multiple times and/or multiple devices that has resulted in the rise in demand for power banks in recent years. Younger population is inclined toward using laptops rather than desktops and use cell phones extensively, thus resulting in higher demand for convenient charging solutions. In addition to this, strong distribution networks also play an important role in the global power banks market.

The power banks market has been segmented on the basis of product type into portable power banks, solar power banks, and phone charging cases. Portable power banks dominated the market due to the rise in adoption of electronic devices with the convenience of charging multiple devices at the same time. Additionally, portable power banks are readily available which makes it the market leader. However, solar power banks are expected to witness the fastest growth rate during the forecast period. Based on power rating, the market has been segmented into up to 3,000 mAh, 3001 mAh to 8000 mAh, 8001 mAh to 20,000 mAh, and above 20,000 mAh.

The market is estimated to expand at a CAGR of 6.5% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 149.6 million units in 2017.

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Report Structure

An executive summary at the beginning of the report provides a snapshot of the global Power Banks market forecast, including the region-wise outlook coupled with relevant market numbers. The executive summary also offers a forecast on other Power Banks market segments such as products, sales channel, and buyer-type, in terms of market share, revenues, and CAGRs. A chapter on overview, which trails the executive summary, provides a concise market introduction which includes a market taxonomy table and a formal definition of "Power Banks". The overview chapter elucidates key nodes of the global Power Banks market such as supply chain, cost structure, service provider lists, raw material sourcing strategies, and pricing analysis. This chapter also issues a succinct study on the overall market approach of key players partaking in the global Power Banks market, displaying their presence on an intensity map.

Market Taxonomy

The report also delivers assessment on the global market for Power Banks through a segmentation analysis in its following chapters. The market has been branched on the basis of types of Power Banks, their buyers, sales channels, and region. These market segments have been scrutinized and analyzed based on a comparative study that involves revenues, market share, and Y-o-Y growth through the forecast period. Geographically, the global market for Power Banks has been segmented into North America, Europe, Asia-Pacific excluding Japan, Latin America, Japan, and Middle East & Africa.

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Competition Tracking

Some of the key players in the power banks market include Anker Technology Co. Limited, Apacer Technologies, Inc., Braven LC – INCIPIO Technologies, Inc., EasyAcc.com, Inc., Goal Zero Corporation, GP Batteries International Ltd, IEC Technology, LLC, Maxell Holdings, Ltd., MiPow Limited, Mophie, Inc, Panasonic Corporation, RavPower, Samsung Electronics Co., Ltd., Sony Corporation, and Xtorm. The key players adopt numerous strategies to sustain in the market. Product development, acquisition, and partnership are some of the key strategies adopted by key players to gain a competitive edge.

Region- wise Analysis Power Banks Market covers:
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)

The Research Report Covers In- Depth Analysis As Follows:
Chapter 1 Global Economic Outlook
Chapter 2 Global Power Banks Market - Executive Summary
Chapter 3 Global Power Banks Market Overview
Chapter 4 Global Power Banks Market Analysis and Forecast 2018 - 2026
Chapter 5 North America Power Banks Market Size and Forecast, 2018 - 2026
Chapter 6 Latin America Power Banks Market Size and Forecast, 2018 - 2026
Chapter 7 Europe Power Banks Market Size and Forecast, 2018 - 2026
Chapter 8 Japan Power Banks Market Size and Forecast, 2018 - 2026
Chapter 9 APEJ Power Banks Market Size and Forecast, 2018 - 2026
Chapter 10 MEA Power Banks Market Size and Forecast, 2018 - 2026
Chapter 11 Global Power Banks Market Company Share, Competition Landscape and Company Profiles
Chapter 12 Research Methodology

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