High Capacity Power Banks Market Report Scope & Overview:

The High Capacity Power Banks Market size was valued at USD 10.99 billion in 2022 and is expected to grow to USD 20.49 billion by 2030 and grow at a CAGR of 8.1% over the forecast period of 2023-2030.

A power bank is a portable charger that enables on-the-go charging of electronic devices. They range in size from tiny, medium, and large. Smartphones, tablets, and other electronic devices may be charged using a variety of Power Banks, from smaller, more portable models to larger, greater capacity models. High-capacity power banks are essential if you want to travel extensively. These powerhouses, whose capacities range from 25000mAh to 50000mAh, can recharge your phone several times as well as power bigger devices like laptops and digital cameras. You just need a few ports that can all charge at respectable speeds in order to use a power bank to fast charge several devices. The Sherpa 100PD is the perfect battery to use to keep a laptop or camera charged while working on the go if you need a huge, powerful battery that you can still fly with. It comes in at just under the FAA's 100Whr restriction. The main connector in this area is a 60W USB-C Power Delivery connector, which will offer your laptop a speedy recharge and allow it to recharge more quickly after you plug it back in at your destination. Additionally, the top of the bank has a Qi wireless charging pad and two USB-A connectors for smaller accessories.

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MARKET DYNAMICS

KEY DRIVERS:  

• More people are using high-capacity power banks

• Reduction in High Capacity Power Bank Prices

Due to the increasing number of new market entrants, the power bank industry has become quite competitive. The businesses are reducing the cost of their power banks in an effort to remain competitive and grow their client base. As a result, the manufacturers' reduction in power bank prices will spur market expansion.

RESTRAIN:

• Poor Power Bank Quality

The market for high capacity power banks has seen a large influx of businesses that sell a variety of models and prices. However, given that some barely survive six months, not all large capacity power banks are of great quality. They are typically offered at low prices to lure buyers. Some businesses use used batteries, which increases the possibility of an explosion. Therefore, it is anticipated that low-quality, high-capacity power banks would impede market growth.

OPPORTUNITY: 

• Development of solar and hydrogen fuel cell-based power banks

• Innovations and Trends

Furthermore, during the projection period of 2022 to 2029, market players will have profitable chances because to a number of developments made by industry participants, such as the creation of power banks based on hydrogen and solar energy. Additionally, the market for large capacity power banks will continue to develop due to the rising popularity of wearable technology and new trends in wireless power banks.

CHALLENGES:

• High Level of Competition

• Low quality power banks

KEY MARKET SEGMENTATION

By Battery Type

• Lithium-ton (Li-ton) Battery

• Lithium Polymer (Li-Polymer) Battery

By Unit of USB Port

• 1 USB Port

• 2 USB Ports

• More than 2 USB Ports

By Indicator

• LED Lighting

• Digital Display

By Capacity

• 1,000-5,000 mAh

• 5,001-10,000 mAh

• 10,001~15,000 mAh

• 15,001-20,000 mAh

• Above 20,001 mAh

By Price Range

• Low

• Medium

• Premium

By Application

• Smart Phone

• Tablet

• Laptop

• Portable Media Device

• Wearable Device

• Digital Camera

• Others

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REGIONAL ANALYSIS

APAC had the biggest market share for power banks. The market for power banks is expanding in APAC due to important reasons such the rising popularity of wearable technology and other consumer electronics, the presence of well-known power bank manufacturers, and the rising population and economic development of emerging nations.

Because smartphones are most widely used in North America, the area is predicted to have the highest proportion of the worldwide power bank market. In contrast to other areas, 80% of people in North America own technology-based cell phones, and that number is projected to rise to 91% by 2025, according to GSMA Intelligence.

REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

RECENT DEVELOPMENTS

• Xtrom unveils the magnetic wireless FS4 power bank, including a next-generation charging mechanism and a 5.000mAh capacity. With Apple's new magnetic wireless charging standard, this power bank is entirely compatible. The iPhone 14 and iPhone 12/13 can both have this power bank attached to their backs via a magnetic snap.

• In May 2021, Xiaomi unveiled the Mi 10000mAh Wireless Power Bank, which is built with unrivalled convenience in mind. It will charge Qi-certified cellphones without the inconvenience of plugging and unplugging wires. With premium lithium-ion polymer batteries and compatibility with popular smartphones and digital gadgets, this portable power bank delivers a continuous power source. It can continually charge your mobile devices while you're on the move with a 10,000mAh capacity.

• Zagg unveiled a 10,000mah power station wireless XL with PD with an 18W USB-C PD connector and Lightning input. With the power station wireless XL portable battery Qi-enabled devices that can be charged anywhere, the iPhone may be charged at the quickest speed possible using an 18W USB-C PD connector. With the simple touch of a button, Qi-enabled iPhones or AirPods may be charged by placing them on a charging surface.    

KEY PLAYERS

The Major Players are ADATA (Taiwan), Anker Innovations (China), AUKEY (China), Xiaomi (China), RAVPower (US), GRIFFIN (US), Lenovo (China), Mophie (US), AMBRANE (India), INTEX (India), myCharge (US), Omnicharge (US), UIMI (India), uNu Electronics Inc. (US), Zendure (US), and ROMOSS (China)and other players are listed in a final report.

Anker Innovations (China)-Comapany Financial Analysis