Power Bank Market Trends and Key Players Analysis Report 2022 - 2031, TMR Study

As per a study by Transparency Market Research (TMR), the global power bank market is estimated to register growth at a CAGR of 6.1% during the forecast period, from 2022 to 2031.

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The study by TMR provides in-depth data on important factors influencing the growth trajectory of the global power bank market. Hence, readers gain data and analysis on the growth drivers, restraints, expansion opportunities, demands and supply ratio, and the list of leading market players. This aside, the report sheds light on the current power bank target market regions and key power bank marketing strategy utilized by these players in order to expand their businesses.

Players in the power bank market are expected to observe a rise in the demand for portable power banks during the forecast period. This growth is ascribed to several factors including a surge in the use of different electronic devices including iPads, laptops, smartphones, and tablets across the globe. The popularity of portable battery charger is being increasing in the recent years as a best power bank owing to its ability to offer stable power in critical times, notes a TMR report on the power bank market.

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Power Bank Market: Key Findings

The use of different types of gadgets including tablets, laptops, and smartphones is being increasing around the world for varied purposes including work, Internet browsing, calling, reading, watching movies, and playing games. Thus, the dying battery in the middle of such activities can be irritant, which is making it vital for people to buy a power bank. Owing to these factors, the global power bank market size is expected to expand at prominent pace and attract a value of US$ 18.5 Bn by 2031.
Due to launch of solar charging and hydrogen cells, customers across the globe are inclining toward the use of a power bank without electricity. Besides, the power bank market share is anticipated to increase in the forthcoming years owing to a rise in the utilization of power banks across several emerging economies including India, where people experience frequent issues pertaining to the electricity shortage, notes a power bank market analysis by TMR.

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Power Bank Market: Growth Boosters

Rise in the use of varied electronic devices including laptops and smartphones globally is creating high demand for power banks
Increase in the need for convenient charging options for electronic devices is fueling the sales growth in the power bank market
Surge in the amount of time spent on social media by the global population is fueling the demand for power banks across the globe


Power Bank Market: Regional Analysis

The power bank market is Asia Pacific is anticipated to expand at rapid pace during the forecast period due to several factors including the expansion of the electronics industry in emerging economies including India and China
Rise in the use of technology-based smartphones by people from North America is creating sizable sales prospects for players in the regional power bank market

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Power Bank Market: Key Players

Some of the key players profiled in the report are:

Braven LC - INCIPIO Technologies, Inc.
Anker Technology Co. Limited
com, Inc.
Apacer Technologies, Inc.
Goal Zero Corporation, LLC
GP Batteries International Ltd
MiPow Limited
Maxell Holdings
IEC Technology, Ltd.
Mophie, Inc.
Panasonic Corporation
Sony Corporation
RavPower
Xtorm
Realme
Samsung Electronics Co., Ltd.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

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