1. Market Research
  2. > Electronics
  3. > Consumer Electronics Market Trends
Global Power Banks Industry

Global Power Banks Industry

  • August 2020
  • 578 pages
  • ID: 5896300
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

More Time Spent on Mobile Devices Equals More Power Consumed on These Devices. Power Banks Witness Demand Spike by 10.3%

The global market for Power Banks is expected to spike by 10.3% in the year 2020 and thereafter will continue to grow and reach US$17.7 billion by the year 2027, trailing a post COVID-19 CAGR of 11.1% over the analysis period 2020 through 2027. A fallout of COVID-19 is the increased use of smartphone and other digital devices. With the pandemic confining people to their homes, personal electronics usage has increased. The work from home (WFH) culture has further catalyzed the trend. Average time spent on these devices has increased by over 48%. 50% spend their time for communications and social media. 46% spend their time on reading online news. 38% spend their time on online shopping. Increased device usage and power depletion has created new need for convenient battery backup solutions. With physical stores closed and with consumers avoiding visits to retail shops, online platforms are growing in popularity and are enabling widespread promotion and availability of power banks on a global scale, encouraging consumers to instantly place orders and receive delivery without the need to physically visit a retail store. In addition, power outages and interruptions across countries such as India are anticipated to drive people to rely on power banks. Today, virtually all the households across the world, irrespective of the region and socio-economic background, utilize one or more electronic products. Global CE industry is presently witnessing rapid transformational growth, with trends such as digitalization, miniaturization, and mobility proving to be the major forces propelling growth in the marketplace. Handheld devices segment comprising smartphones, feature phones and tablets has been on growth trajectory in almost all parts of the world.

With roll out of innovative models on a regular basis at affordable prices, demand for various CE products is on rise at a noticeable pace in the lucrative Asia-Pacific and Latin American markets, which boast of huge population and a large pool of potential buyers. Booming market for mobile phones and other digital consumer electronic products continues to hold great potential for batteries. Arrival of numerous power hungry consumer electronic devices is spelling opportunities for efficient and long-lasting batteries. Mobile phones and tablet PCs run numerous applications on diverse operating systems reducing the battery life of a device, thereby increasing demand for long lasting and high-power batteries. However, existing battery technologies are unable to bear the significant loads, prompting battery companies to introduce more efficient power banks. These charging accessories have been registering robust demand in recent years, due to increased functionality and usage of advanced digital devices such as mobile handsets, tablets and phablets. The power bank market globally is driven by increasing usage of smartphones, adoption of portable devices and technological advancements. Battery backup in mobile devices with sophisticated functions tends to drain up relatively quickly, which creates a pressing need for accessories that can deliver additional backup such as power banks. Increased purchasing power, fast economic development and enhanced living standards have resulted in widespread proliferation of mobile devices.

The increasing use of Internet and data-related services, adoption of wearable devices and electric outages across various countries are creating a pressing need for power banks keep these devices running. Technological advances and incorporation of sophisticated features in latest versions of smart devices strain battery backup and prompt a large number of consumers to use power banks. The extensive adoption of smart phones and tablets in emerging markets like China, India and Brazil as a result of rising incomes, changing lifestyles and affordability of mobile phones is expected to provide a major boost to the power bank market. Power banks assist users in recharging devices with USB capability. The increasing popularity of mobile apps and social media platforms has pushed the time spend by users on mobile phones, creating strong demand for power banks. The market is further catalyzed by expansion of the e-commerce platform and COVID-19 pandemic that resulted in the transition towards remote learning and the work-from-home option, pushing laptop and power bank sales. In addition, rising mobile phone ownership coupled with proliferation of the Internet and introduction of a large number of apps and websites is driving users to spend a considerable part of their time on smartphones. The trend has created a pressing need for batteries that can last longer.

Competitors identified in this market include, among others,
  • ADATA Technology Co., Ltd.
  • Ambrane India Pvt. Ltd.
  • Anker Innovations Ltd.
  • ASUSTeK Computer, Inc.
  • Beijing Xiaomi Technology Co., Ltd.
  • Intex Technologies (India) Ltd.
  • Lenovo Group Ltd.
  • Microsoft Corporation
  • Oneplus Technology (Shenzhen) Co. Ltd.
  • Panasonic Corporation
  • Portronics Digital Pvt., Ltd.
  • Ravpower Inc.
  • Sony Corporation
  • UIMI Tech.
  • Unu Electronics Inc.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Consumer Electronics Repair And Maintenance Global Market Report 2020-30: COVID-19 Growth And Change

  • $ 4000
  • December 2020
  • 200 pages

Major players in the consumer electronics repair and maintenance market are Encompass Supply Chain Solutions Inc, Electronix Services, iCracked Inc, Mendtronix Inc, Moduslink Global Solutions, MicroFirst ...

  • World
  • India
  • Consumer Electronics
  • Industry analysis
  • Consumer Electronics Revenue
  • Employment Costs

Global SerDes Market 2021-2025 $ 2500 December 2020

Consumer Electronics in Brazil $ 2650 November 2020


ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on