Consumer & Luxury Goods Market Research News

Learn details of the power bank market worth 25.16 billion USD by 2022

Consumer Market Research

The power bank market is expected to be valued at USD 25.16 Billion by 2022, at a CAGR of 21.2% between 2017 and 2022. The growth of this market is propelled by the increasing usage of electronic devices such as smartphones and tablets, increased power consumption of electronic devices due to technological advancements, and electric outage in certain countries.

According to the new market research report "Power Bank Market by Capacity Range (500–3499 mAh, 3500–6499 mAh, 6500–9499 mAh, 9500–12499 mAh, 12500–15499 mAh, and Above 15500mAh), Number of USB Port, Energy Source (Electric and Solar), Battery Type, Application, and Region - Global Forecast to 2022", the power bank market is expected to be valued at USD 25.16 Billion by 2022, growing at a CAGR of 21.2% between 2017 and 2022. The factors driving the growth of the market include the increasing usage of electronic devices, technological advancements, and shortage of electricity in certain countries.

Browse 63 market data tables and 67 figures spread through 189 pages and in-depth TOC on "Power Bank Market - Global Forecast to 2022"

“Capacity range of 9500–12499 mAh to hold the largest size of the overall power bank market by 2022“

The capacity range of 9500–12499mAh accounted for the largest share of the power bank market in 2016.

The rising adoption of power banks that are capable of charging a device several times is expected to drive the growth of the market for power banks with a capacity range of 9,500–12,499 mAh.

Download PDF Brochure @

“Market for solar energy-based power banks to grow at a high rate between 2017 and 2022”

The adoption of solar-based power banks is lower compared with that of electric-based power banks due to their higher prices. Also, the solar-based power banks take longer time to recharge electronic devices.

However, these devices help in saving electric energy and can be used while traveling. This factor is expected to increase their adoption in the future.

“APAC expected to hold the largest size of power bank market between 2017 and 2022”

The growth of the overall market in APAC is mainly driven by the development in the smartphone market. The presence of prominent players and the entry of new market players are expected to create huge opportunity for the power bank market in APAC.

In addition, China is the largest manufacturing hub for power banks in APAC.

Inquiry Report @….asp?id=127595596

The major players operating in the market are Beijing Xiaomi Technology Co., Ltd. (China), Lenovo Group Ltd. (China), Microsoft Corp. (US), Panasonic Corp. (Japan), and Sony Corp. (Japan), among others. Some of the key innovators in the market are Portronics Digital Pvt. Ltd. (India), RAVPower Inc. (US), and UIMI Technologies Pvt. Ltd. (India).

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
This email address is being protected from spambots. You need JavaScript enabled to view it.