Portable power banks, also known as external batteries, are small devices used to charge electronic devices, such as smartphones, tablets, and other digital devices. They are generally made up of a rechargeable battery, a power conversion device, and a control circuit. Portable power banks are designed to be lightweight and portable, allowing users to easily carry them around and keep their devices charged on the go.
The global market for portable power banks is expected to grow at a compound annual growth rate of 8.3% from 2020 to 2027. This is attributed to the increasing demand for mobile devices, such as smartphones and tablets, which require frequent recharging. In addition, the advent of technologies such as fast charging and wireless charging has also driven the demand for portable power banks. Moreover, the increasing popularity of activities such as camping, trekking, and other outdoor activities is expected to further drive the demand for such products.
The Asia Pacific region is estimated to be the largest market for portable power banks, followed by North America and Europe. This is due to the presence of several large consumer electronics manufacturers in the region. Additionally, the growing demand for mobile devices in the region is expected to further boost the demand for portable power banks.
The global Portable Power Bank market was valued at US$ 4427 million in 2022 and is anticipated to reach US$ 6425.1 million by 2029, witnessing a CAGR of 5.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Portable Power Bank Market available at: https://www.themarketreports.com/report/global-portable-power-bank-market-research-report
This report aims to provide a comprehensive presentation of the global market for Portable Power Bank, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Portable Power Bank.
The major global companies of Portable Power Bank include Anker, MI, Romoss, Sunvalley, Samsung, Sony, Pisen, Mipow (Zagg), Besiter, Philips, Intex Technologies, Pineng, Yoobao, Huawei, Aigo, Baseus etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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