Report ID: SQMIG25E2040
Power Bank Market Size, Share, Growth Analysis, By Power rating(Up to 3000 mAh, between 3000 to 8000mAh, between 8000 to 20000mAh, and above 20000mAh), By Battery type(Lithium ion, Lithium ion Polymer, Nickel-Cadmium), By Distribution Channels(Online (e-commerce) and Offline (brick & mortar)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25E2040 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
89 |
Figures:
76
Power Bank Market Regional Insights
The Asia-Pacific region dominates the global power bank market due to growing population and large scale digitization. The extensive adoption of smart-phones and tablets in emerging markets like China and India due to improvement in living standards and rise in income. The no. of smartphone users in China increased from 0.96 billion in 2020 to 1.03 billion in 2021.
The North America region is expected to witness a growth rate at 21.5% between 2022-2028 due to improved connectivity of various electronics devices/smart accessories. The countries where growth can be seen include the U.S, Canada and Mexico. According to research, in the U.S. There are 294.15 million smartphone users, of which, 85% of adults use smartphones. The USA has the maximum number of smartphone users in the region of about 274 million.
Europe region the market is growing at a prodigious rate of 23.6% due to rise in the utilization of the power banks because of the increasing acceptance of smartphones, laptops and other smart electronics. The UK, Germany and Russia dominate the market in that region.
Power Bank Market Report Snapshots
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