The global power banks market is highly fragmented owing to the presence of numerous small and large vendors. The vendors in this market compete on the basis of price, quality, reputation, distribution, and promotion to gain maximum traction over their competitors during the forecast period.
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The market research analyst estimates the global market for power banks to grow at a profound CAGR of more
than 22% during the forecast period. The increasing penetration of smartphones coupled with the extensive use of
internet services via applications installed on such devices is expected to augment the demand for power banks
during the forecast period.
The recent shift toward 4G networks is the key driver for the growth of this market. Due to the advent of 4G
networks, most users browse the internet for high-quality digital content through their smartphones and tablets.
This increase in the usage of mobile data is expected to augment market growth as power banks play a critical role
in ensuring frequent battery recharges in the absence of a power source.
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Segmentation by product and analysis of the power banks market Portable power banks, Solar power banks and
In this market study, analysts have estimated the portable battery cases segment to dominate the global market
for power banks by 2020. The advent of lighter, more powerful, and affordable battery cases is expected to
bolster the prospects for growth in this segment during the forecast period.
Geographical segmentation of the power banks market Americas, APAC, Europe and ROW
The market research analyst has estimated the APAC region to account for more than 43% of the total market
share by 2020. The presence of large vendors like Xiaomi, OnePlus, and Sony in this region is an important
growth-promoting factor as these vendors provide high-quality power banks at low prices.
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The global power banks market is highly fragmented owing to the presence of numerous small and large vendors.
The vendors in this market compete on the basis of price, quality, reputation, distribution, and promotion to gain
maximum traction over their competitors during the forecast period.
The leading vendors in the market are - Hitachi Maxell, Limefuel, Mipow, Mophie and Xtorm.
Other prominent vendors analyzed in this market research are Anker, Apacer Technologies, China BAK Battery, LG,
Easy Acc, GP Batteries International, Microsoft, Xiaomi Technology, Sony, Samsung, OnePlus, Flipkart, uNu
Electronics, Panasonic, and Zendure.
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Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global power banks market?
What are the key market trends impacting the growth of the power banks market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global power banks market?
Trending factors influencing the market shares of the Americas, APAC, Europe, and ROW
What are the key outcomes of the five forces analysis of the power banks market?
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