Global Power Banks Market 2016-2020

Below are some of the key findings from our analysis of the power banks market

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Global power banks market overview

The global power banks market research predicts the market to grow at a 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 a key power banks market driver. 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.   

Global power banks market segmentation and analysis by product

• Portable power banks
• Solar power banks
• Battery case

In this market power banks market analysis, 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.

Global power banks market segmentation and analysis by geography

• Americas
• APAC
• Europe
• ROW

The power banks market forecast 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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Top power bank manufacturers

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  
• 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.

Key questions answered in the report include

• What will the market size, market forecast 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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