The Global Power Bank Market is anticipated to grow at an impressive CAGR of over 7.45% during the forecast period, due to the rising demand for quick and fast recharge during traveling and office work. Moreover, the advent of new technology and increasing market penetration of internet services are escalating the growth of the Global Power Bank Market.
Companies Mentioned; Anker Innovations LtdRAV,Power (Sunvalley Group),Samsung Electronics Co., LtdAukey International LtdXiaomi Corporation Co., Ltd,.ASUSTeK Computer Inc,Belkin International Inc.,ZAGG Inc ,Poweradd Electronic Co., Ltd,China BAK Battery, Inc.
Based on the energy source, the Global Power Bank Market has been segmented into electric and solar. The electric energy source segment acquired a major share in the market in 2018 due to the availability and rise in the adoption of electronic devices with the convenience of charging multiple devices.
Based on the power capacity, the Global Power Bank Market is categorized into up to 3,000 mAh, 3,0001 mAh-8000 mAh, 8,001 mAh-20,000 mAh above 20,000 mAh.
8,001 mAh-20,000 mAh acquired the major share of 40.09% in 2020 due to the increasing preference for convenient charging solutions at an affordable pricing range.
Based on the battery type, the market has been bifurcated into Lithium-Ion and Lithium Polymer batteries. In 2020, Lithium-Ion led the market with a share of 59.39% due to its easy availability at affordable prices. Geographically, the market has been segmented into Asia-Pacific, North America, South America, Middle East & Africa, and Europe. Asia-Pacific accounted for the largest share of 35.44% in 2020 and is anticipated to continue its dominance in the forecast period due to continuous innovation among manufacturers and increasing usage of electronic devices.