Power Banks Market: Global Market research with market size, share, trends and forecast to 2026

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The global power banks market stood at US$ 9,835.4 Mn in 2015 and is estimated to expand with a CAGR of 17.9% from 2016 to 2023.

According to a new market research report published by Credence Research “Power Banks  Market (Type – Portable, Battery Case and Solar) – Growth, Future Prospects, Competitive Analysis and Forecast 2016 – 2023”, the global power banks market stood at US$ 9,835.4 Mn in 2015 and is estimated to expand with a CAGR of 17.9% from 2016 to 2023.

Market Insights

A power bank is a battery charging device used for charging a rechargeable battery or secondary cell. The global demand for power banks is majorly driven by the continually growing demand for smartphones, tablets, and PDAs. The advancements in technologies have significantly enhanced the capacities and charging speeds of power banks in recent years.  Furthermore, improved standard of living, rise in consumer discretionary income and evolving digital habits of consumers are expected to have positive impact on the overall demand for power banks globally. The increasing competition between domestic and international players is expected to result in price wars, thereby reducing the average selling prices for power banks in the following years. Factors such as evolving digital habits of consumers coupled with perpetually growing demand for smartphones is identified as the major driving the uptake of power banks across the globe. Due to advancements in network technologies like 3G and LTE, people prefer accessing digital content through smartphones. This, in turn increases the battery consumption supporting the demand for power banks.

The complete report is available at http://www.credenceresearch.com/report/power-banks-market

Competitive Insights:

The global market for power banks (consumer and industrial) is highly fragmented and competitive. In 2015, the leading four manufacturers accounted for less than 45% of the global power banks market revenue.  In order to sustain and compete, manufacturers are required to focus on product innovation. A well established distribution channel is a necessity and manufacturers across the globe are focusing on strengthening their marketing and distribution channels, which, in turn would help them to improve product penetration and their position in the market. Some of the leading and promising power bank manufacturers identified in the research study includes Apacer Technologies, Inc. Hitachi Maxell Ltd., MiPow Ltd., Mophie, Inc., Limefuel, LLC., xtorm BV, Panasonic Corporation, Samsung Electronics Co, Ltd., Sony Corporation, Anker, Microsoft Corporation, and Xiaomi Technology Co., Ltd. among others.

Reasons to Buy

Gain up to date report and analysis about the global Power Banks Market

Recognize key regions and countries that describe potential growth possibilities for the Power Banks Market

Facilitate decision making by understanding the opportunities presented by the Power Banks Market

Gain information about major players in the Power Banks Market

Key Trends:

  • Evolving digital habits of consumers
  • Mobility revolution (Proliferation of Smartphones and Tablets) to assist the market growth
  • Introduction of power banks with LCD displays and App control
  • Advancements in network technologies to spur market growth
  • Availability of established substitutes for industrial power banks
  • Growing preference for Li-polymer batteries over Li-ion batteries for industrial applications

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ToC:

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.3.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Power Banks Market
2.2 Global Power Banks Market, By Product Type, 2014, (US$ Mn)
2.3 Global Power Banks Market, By Battery Type, 2015 (US$ Mn)
2.4 Global Power Banks Market, By Geography

Chapter 3 Market Dynamics
3.1 Power Banks Market Overview
3.1.1 Global Power Banks Market Revenue and Growth, 2014 – 2023, (US$ Mn) (Y-o-Y %)
3.2 Market Inclination Insights
3.2.1 Key Trends Analysis
3.2.1.1 Product enhancement with less price
3.2.1.2 Sales channel expansion
3.2.2 Future Outlook
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Rising consumer electronics industry worldwide
3.3.1.2 Increasing penetration and advancements in the Internet/telecom services
3.3.2 Market Restraints and Challenges
3.3.2.1 Challenge: Intensifying price competition….

Research methodology and delivery time

Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.

The report is available as the single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available.

The complete report is available at http://www.credenceresearch.com/report/power-banks-market

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Blog: http://techtopworld.com/2017/08/10/power-banks-market-global-industry-size-market-trends-industry-outlook-growth-2017-2023/

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