Global Power Banks Market – The Rise In Adoption Of Power Banks Over The Years

According to a new market report published by Transparency Market Research titled “Power Banks Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global power banks market is expected to reach a value of US$ 15,334.2 Mn by 2026. The market is estimated to expand at a CAGR of 6.7% during the forecast period from 2018 to 2026. Asia Pacific dominated the power banks market in 2017 owing to the rapid adoption of power banks among consumers over the years. With growing consumer preference for frequent charging options and huge market potential, the power banks market is expected to witness considerable growth in the coming years.

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In this report, the power banks market has been segmented on the basis of product type into portable power banks, solar power banks, and phone charging cases. Portable power banks dominated the market owing to the rise in adoption of power banks over the years. However, solar power banks are expected to witness the fastest growth rate during the forecast period. On the basis of power rating, the market has been segmented into up to 3,000 mAh, 3001 mAh to 8000 mAh, 8001 mAh to 20,000 mAh, and above 20,000 mAh. The market has been further segmented on the basis of different port types, applications, and distribution channels. On the basis of different port types, the market has been segmented into two and more than two. Power banks with multiple ports dominated the market due to the rising number of gadgets used by people across the globe. On the basis of application, the market has been segmented into industrial and consumer electronics. By distribution channel, the market has been segmented into online distribution channel and offline distribution channel. Offline distribution channel has been further segmented into supermarkets and hypermarkets, exclusive stores, multi-brand retail stores and others. Online distribution channel is expected to witness the fastest growth during the forecast period.

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