Today I’m going to show you the power bank market information that very few people know about.
Let’s get started.
Power Bank Market Overview
With the improvement of mobile device performance, product power consumption increases sharply. And consumers have correspondingly increased demand and requirements for portable power banks that can charge devices instantly. Currently, the global powerbank market has increasingly enriched product types and application fields. Also, the market scale continues to expand. According to the statistics of the market research company Grand View Research, the global mobile power bank market has reached 8.49 billion US dollars in 2018. And it is estimated to increase to 21.470 billion US dollars by 2022, with a compound annual growth rate of 26.10 %.
Power Bank Capacity Trend
Divided by product energy storage size, the power bank can divide into (1) 3000 milliampere-hour (mAh) or less; (2) 3001-8000 milliampere-hour (mAh); (3) 8001-20000 milliampere-hour (mAh); (4) More than 20,000 milliampere-hour (mAh).
And now, 8001-20000 mAh power banks are the leading products in the portable charger market. According to statistics, the global 8001-20000 mAh power bank market has reached 2.93 billion US dollars in 2018, accounting for 34.51% of the global mobile power market. It is expected that the market size will reach 7.65 billion US dollars by 2022. So there is still a large room for growth.
Power Bank Type Trend
More and more manufacturers adopt Li-poly battery cells instead of 18650 Li-ion cells right now because of 3 advantages as below.
1. Sleek design
2. 22% more energy than 18650 battery cell in the same form
3. Higher conversion rate
Also, manufacturers are adding wireless charging functions now. Cable-free is a good thing. You do not need to find the cable when you go out anymore. So wireless charging makes the power bank industry better.
Power Bank Market Distribution
From the perspective of geographic market distribution, Asia Pacific, North America and Europe are the main markets for power bank. In 2018, the sales of Asia Pacific, North America, and European markets were US$4.220 billion, US$1.380 billion, and US$1.6 billion. It is estimated that the above three regional markets will rise to 10.87 billion US dollars, 3.260 billion US dollars, and 3.91 billion US dollars by 2022. The compound annual growth rate will reach 26.69%, 23.98% and 25.03%. And the global power bank market will exceed 20 billion US dollars.
Power Bank market is still a potential market to join in. I hope you enjoyed this article. Now we’d like to hear what you say. Contact Morui for more information or let us know by leaving a comment if you have any questions. We will try to provide value for you.