Data Bridge Market Research Added new report Asia-Pacific Power Bank Market is expected to reach USD 14,003.90 million by 2024 from USD 2,907.19 million in 2016, at a CAGR of 21.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The major factors driving the growth of power bank market are increase in number of product launch of smartphones and technological advancements in electrical devices.
Asia-Pacific Power Bank Market, By Geography ; Capacity Range (500–3499mAh, 3500–6499mAh, 6500–9499mAh, 9500–12499mAh, 12500–15499mAh, Above 15500mAh); USB Port (One USB Port, Two USB Ports, More Than Two USB Ports); Energy Source (Electric, Solar); Battery Type (Lithium Ion (LI-Ion) Battery, Lithium Polymer (LI-Polymer) Battery); Application (Smartphone, Tablet, Digital Camera, Laptop) – Industry Trends and Forecast to 2024
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Market Segmentation: Asia-Pacific Power Bank Market
The global power bank market is segmented on the basis of charge capacity, product type and distribution channel. The charge capacity market is segmented into portable mobile power bank, ultra-portable mobile power bank, big charge power bank and high charge power bank.
Portable mobile power bank is further sub segmented by battery size into 10000 mAh, 10000 to 15000 mAh and 15000 to 20000 mAh.
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Ultra-portable mobile power bank is further sub segmented by battery size into 5000 to 10000 mAh and 3000 to 5000mAh. In 2017, the portable mobile power bank segment is expected to dominate the market with a share of51.9% and ultra-portable mobile power bank is expected to grow with the highest CAGR22.7% during the forecast period from 2017 to 2024.
On the basis of product type
- portable mobile power bank
- laptop power bank and
- phone case power bank
In 2017, the portable mobile power bank market segment is expected to dominate the market and is expected to continue this trend till 2024.
On the basis of distribution channel
- online market
- hypermarket and
- mobile stores.
In 2017, the online market segment is expected to dominate the market and is expected to continue this trend till 2024.
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· Increase in number of product launch of smartphones
· Technological advancements in electrical devices.
Market Competitors: Asia-Pacific Power Bank Market
Lenovo is dominating the power bank market followed by Xiaomi, along with others such as Shenzhen Century New Energy Battery Co. Ltd., Anker Technology Co. Limited, Lenovo, Panasonic Corporation, Sony Corporation, Microsoft, ADATA Technology Co., Ltd., ASUSTeK Computer Inc., Intex, uNu Electronics Inc., and Portronics among other companies.
On the basis of charge capacity, Asia-Pacific Power Bank Market portable power bank market is driving the market with the highest market share and ultra-portable power bank market is driving the market with the highest CAGR.
On the basis of product type, portable mobile power bank is expected to dominate the market with 66.1% market share and is expected to continue this trend till 2024.
On the basis of distribution channel, online market segment is expected to dominate the market with 67.7% and is expected to continue this trend till 2024.
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