The Power Bank Market in the Europe region is estimated to grow at a considerable way during the forecast period. It is expected that the target market is going to get valued at around USD 7,759.25 million by 2026, recording a CAGR of 23.6% over the period of 2021 to 2026.
A power bank is a portable charger, which was designed to recharge an electronic gadget when a consumer is on the move. The range in sizes of these power banks varies from slim, pocket-sized devices up to larger, higher-capacity power banks. These power banks are majorly be used to charge cell phones, tablets, portable speakers, GoPros, cameras and even laptops.
The growth of the Europe Power Banks Market is attributed to the presence of the growing number of techno-savvy consumers who are with high disposable income along with the increasing adoption of smartphones in the European region.
Portronics, a major player in the power banks market, has launched an innovative power bank that was integrated into a passport holder. This passbook holder has the features like an inbuilt 4000mAh power banks and the dual connector charging cable.
Syska, a manufacturer of the electronics and has the supply chain all around the globe, has announced the launch of their new P0511J Power Bank which features a steady capacity of 5000 mAh and a high energy density polymer cell.
Drivers and Restraints of Europe Power Bank Market
The presence of the large number of consumers who are techno-savvy consumers with high disposable income is the primary factor that was driving the growth of the Europe Power Bank Market.
And, growing consumption of power by electronic devices because of the developments in the mobile technologies, the increasing adoption of the other electronic devices, extension in the reach of online retail platforms for end-users, and the affordability of these power banks are estimated to boost the growth of the Europe Power Bank Market.
Market Segmentation of Europe Power Bank Market
By Application: Smart Phone, Tablet, Laptop, Portable Media Device, Wearable Device, Digital Camera, and Others.
By Capacity: Portable Mobile Power Bank, Ultra-Portable Mobile Power Bank, Big Charge Power Bank, And High Charge Power Bank. Of these, the portable mobile power bank is further sub-segmented by battery sizes as 10000 mAh, 10000 to 15000 mAh and 15000 to 20000 mAh. And, the Ultra-portable mobile power bank is further sub-classified by battery size into 5000 to 10000 mAh and 3000 to 5000mAh. Among all of these segments, the portable mobile power bank segment held a significant share of the market revenue with a share of 53.8% and the ultra-portable mobile power bank is anticipated to grow at a CAGR of 24.3%, which is the highest, over the forecast period.
By Indicator: LED Lighting and Digital Display. The Europe Power Bank Market is segmented into 1 USB Port, 2 USB Ports and More than 2 USB Ports on the basis of the number of USB Ports.
By Type: Lithium-Ion (Li-Ion) Battery and Lithium Polymer (Li-Polymer) Battery.
By Region: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe. In the regional analysis of the Europe Power Bank Market, UK, Germany, and Russia are the countries that are witnessing a massive surge in the usage of these power banks owing to the growing adoption of the smartphones, laptops, and the other smart electronics.
The major key players of the Europe Power Bank Market includes Beijing Xiaomi Technology Co. Ltd., Lenovo Group Ltd., Microsoft Corporation, Panasonic Corporation, Sony Corporation, AsusTeK Computer Inc., Anker Technology Co., ADATA Technology Co., Ltd., Intex, uNu Electronics Inc., Syska, and Portronics
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