Global Power Bank Market: Key Highlights
Global Power Bank Market: Key Market Dynamics
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Global Power Bank Market: Regional Overview
Asia-Pacific is expected to dominate the market during the projected period. Increasing the consumer electronics market, increasing population, and growing disposable income are driving the market in the Asia-Pacific region. China and India are the countries expected to hold the largest market share in this region. Moreover, the presence of global players such as ADATA Technology Co. Ltd., Sony Corporation, Xiaomi, Lenovo, Syska, and TP-Link Technologies Co., Ltd among others are further boosting the market in the region.
North America is expected to grow at a higher growth rate during the projected years. Adoption of the latest technological infrastructure, large sales and distribution channels for the electronics market and increasing disposable income of end-users are fueling the growth of the market in the North America region. A large number of mobile and laptop manufacturers are present in North America which directly increases the power bank market in North America
Global Power Bank Market: Key Players Overview
ADATA Technology Co. Ltd is a Taiwan-based company engages in the manufacturing and sales of a flash memory product. The company’s product portfolio includes consumer, gaming, industrial, powertrain, and LED lighting. ADATA Technology Co. Ltd is one of the key players in the Asia-Pacific which majorly operates in the Consumer Electronics market. The company provides different capacity power bank such as 5,000mAh to 9,999mAh, 10,000mAh to 19,999mAh, and 20000mAh and Bigger. In May 2019, the company launched lithium polymer-based S20000D and S10000 power banks with the dual USB port.
Xiaomi engages in the provision of smartphones, hardware, and software products. The company operates through three business segments such as hardware, e-commerce & new retail, and Internet Services. The company offers, power bank pro, headphones, in-ear headphones pro, body composition scale, sphere camera, home security camera, action camera, Bluetooth headset basic with dock, Bluetooth speaker robot builder, electric scooter, and bedside lamp. Xiaomi provides Slim 5000mAh, Business Card Sized 10000mAh, and Super-sized 16000mAh to their end-users. In February 2020, the company launched 10,000mAh and 20,000mAh capacity power banks in India.
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