Asia-Pacific Power Bank Market, By Capacity (1000-5000 M.A.H, 5001-10000 M.A.H., 10001-15000 M.A.H., 15001-20000 M.A.H., Above 20001 M.A.H.), Type (Portable, USB Plugin, Solar, Electric), Port (Single, Multiple), Battery (Lithium-Ion Battery and Lithium Polymer Battery), Unit of USB Port (1 USB Port, 2 USB Ports, More than 2 USB Ports), USB Type (Type A, Type B, Type C), Indicator (LED Lighting, Digital Display), Price Range (Low, Medium, Premium), Application (Smart Phone, Tablet, Laptop, Portable Media Device, Wearable Device, Digital Camera, Others), Distribution Channel (Online, Offline), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific), Industry Trends and Forecast to 2028.
Power bank market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 20.7% in the above-mentioned forecast period.
Power banks are an essential portable battery to carry on long drives or trips. It basically enables to store electric energy through which it gets pre-charged and then used to charge the USB charged devices such as phones, laptops, cameras, tablets, portable speakers, I pods and GPS systems.
The factors such as declining price of power banks and immediate shifting of work-from-home and remote learning due to COVID-19 across the globe which resulted in surge in demand for laptops, rapid growth in power consumption of smartphones are expected to emerge as the significant factors uplifting the growth of power bank market. In addition to this, presence of a large number of players and increasing number of new entrants in the market aggravate the growth of the power bank market. However, complex design process and poor quality of power banks results as a growth restraint for the market.
The development of solar and hydrogen fuel cell-based power banks is anticipated to generate lucrative opportunities for the power bank market. The highly competitive market will pose as a challenge for the power bank market.
This power bank market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Power bank market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Power Bank Market Scope and Market Size
The power bank market is segmented on the basis of capacity, type, port, battery, unit of USB port, USB type, indicator, price range, application and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of capacity, the market is segmented into 1000-5000 M.A.H, 5001-10000 M.A.H., 10001-15000 M.A.H., 15001-20000 M.A.H. and above 20001 M.A.H.
- On the basis of type, the market is segmented into portable, USB plugin, solar and electric.
- On the basis of port, the market is segmented into single and multiple.
- On the basis of battery, the power bank market is segmented into lithium-ion (Li-Ion) battery and lithium polymer (Li-Polymer) battery.
- On the basis of unit of USB port, the market is segmented into 1 USB port, 2 USB ports and more than 2 USB ports.
- On the basis of USB type, the power bank market is segmented into Type A, Type B and Type C.
- On the basis of indicator, the power bank market is segmented into LED lighting and digital display.
- On the basis of price range, the market is segmented into low, medium and premium.
- On the basis of application, the power bank market is segmented into smart phone, tablet, laptop, portable media device, wearable device, digital camera and others.
- On the basis of distribution channel, the market is segmented into online and offline.
Power Bank Market Country Level Analysis
The power bank market is analyzed and market size, volume information is provided by capacity, type, port, battery, unit of USB port, USB type, indicator, price range, application and distribution channel as referenced above.
The countries covered in the power bank market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China and India are projected to dominate the power bank market during the forecast period owing to the high consumption of cell phone and electronic device within the regions.
The country section of the power bank market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Power Bank Market Share Analysis
The power bank market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Power bank market.
The major players covered in the power bank market report are Xiaomi, Lenovo, Microsoft, Panasonic Corporation, Sony Corporation, ADATA Technology Co., Ltd., ASUSTeK Computer Inc., Zendure USA Inc., Intex Technologies (I) Limited, Portronics, Anker, AUKEY, RAVPower, Griffin Technology, UIMI, uNu Electronics Inc., Romoss, myCharge, Belkin International Inc. among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.