Battery Power Bank Market Scope
The growing development of portable electronic products such as Smartphones, tablets and other portable media devices are the key factors that use battery power banks hence increasing the market of these batteries. An increase in the adoption of digital products has fueled the demand for power banks to ensure nonstop use. Smartphones and tablets are the largest segment use in this industry. It is observed that MI power bank is very popular in Korea hence enabling people to choose power bank products. Hence increasing the market for power bank batteries
Research Analyst at AMA estimates that China Vendors will contribute to the maximum growth of Global Battery Power Bank market throughout the predicted period.
Xiaomi (China), Samsung (South Korea), Sony (Japan), Panasonic (Japan), Anker Innovations (China), Apacer Technology (Taiwan), AUKEY (China), TP-LINK (China), ADATA (Taiwan) and RAVPower (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are GRIFFIN (United States), Lenovo (China), mophie (United States), AMBRANE (India) and INTEX (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Battery Power Bank market by Type (Li-ion (Lithium-ion) Battery, Li-polymer (Lithium-Polymer) Battery, Nickel Metal Hydride Battery and Ni-Cd (Nickel Cadmium) Battery), by Application (Smart Phones, Tablets & Laptop, Industrial Power Bank and Others) and Region with country level break-up.
On the basis of geography, the market of Battery Power Bank has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
Blaupunkt, a consumer lifestyle and technology brand in Germany, which announced its plans to enter the Indian mobile accessories market with its product line of smartphones, smartwatches, and others.
In 2019, the Portugal-based technology company, EGG Electronics, launched EGG Traveler, the world’s first portable power strip with a built-in power bank and wireless charging
Market Trend
- Integration of Advanced Technology in Power Banks
- Adoption of Power Banks With Digital Display is Trending the Market
Market Drivers
- Increasing Number of Electronics Products such as Smartphones, Tablets and Many More
- Increase in Sales of Power Banks on Online Portals & E-Commerce Websites
Opportunities
- Development of Solar & Hydrogen Fuel-Based Power Banks
- Increase in the Trend of Wearable Devices is Boosting the Market
Restraints
- Rising Trend of Wireless Charger is one of the Important Reason that can Hamper the Market
- Li-Ion Batteries’ Recycling Cost
Challenges
- Poor Quality of Power Banks
- Highly Competitive Market of Power Bank Batteries
Key Target Audience
Battery Power Bank Manufactures, Battery Power Bank Distributors, End-Users, Electronic Sectors and Others