Pune, May 30, 2023 (GLOBE NEWSWIRE) -- As per the report published by Maximize Market Research, the global Wireless Power Bank Market was USD 1.6 Bn in 2022 and is expected to become USD 2.39 Bn with a CAGR of 5.9 percent by the end of 2029. A global Electronics business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the “Wireless Power Bank Market”.
Wireless Power Bank Market Report Scope and Research Methodology
| Market Size in 2022 | USD 1.6 Bn. |
| Market Size in 2029 | USD 2.39 Bn. |
| CAGR | 5.9 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 273 |
| No. of Tables | 118 |
| No. of Charts and Figures | 116 |
| Segment Covered | Type, Battery Capacity, Application, Size and Distribution Channel |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report covers Wireless Power Bank Market segmentation, development trend, application, industry overview, and competitive landscape. It also includes product demand by region production numbers and factors that affect the market. Detailed information about the important Wireless Power Bank key players with their strategies to increase their presence in the market has been provided in the report. It includes an in-depth analysis of business performance, product portfolio, revenue of market players, and innovations by market participants.
The bottom-up approach was used to estimate the global and regional Wireless Power Bank Market size. Both primary and secondary research methods were used to collect the data for the Wireless Power Bank Market report. The secondary sources include official databases of various organizations and government sites, annual or financial reports, industry journals, and releases of product manufacturers and suppliers in the Wireless Power Bank industry along with free and paid databases. The primary sources are manufacturers, distributors, technology developers, service providers, experts from core and related industries, and organizations related to all segments related to the Wireless Power Bank industry’s supply chain. SWOT analysis was used to provide the strengths and weaknesses of the Wireless Power Bank manufacturers while PESTLE was employed to understand the potential impact of the macro-economic and micro-economic factors affecting the Wireless Power Bank Market.
Wireless Power Bank Market Overview
Wireless Power Banks are used to charge electronic devices without the use of input chords. Multiple circuit protection systems are installed inside power banks to avoid short circuits, over-discharge, and overcharge. These power banks never charge batteries. Thus, the demand for wireless power banks is increasing majorly due to these features.
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Wireless Power Bank Market Dynamics
The demand for wireless power banks is increasing because of the benefits associated with it such as providing accessibility, reduced ware, and fast charging capacity. The battery life of devices is decreasing due to the increase in the implementation of 5G, which has led to more speed and bandwidth. Here, wireless power banks play a key role in efficiently charging electronic devices. The increasing disposable income and technological advancements are largely contributing to the growth of the market.
During the forecast period, the limited availability of raw materials and fluctuations in the prices of wireless power banks is expected to hamper the growth of the global market.
Wireless Power Bank Market Regional Insights
In 2022, the North America Wireless Power Bank Market held the largest share of the global market and is also expected to grow at a high rate during the forecast period. The market of Canada, Mexico, and the US is expected to contribute majorly to the regional market growth. This is attributed to the increasing demand for energy-efficient and environment-friendly products.
The Asia Pacific Wireless Power Bank Market is expected to grow at a high rate during the forecast period. This is attributed to the rising adoption of wireless power banks due to the increasing number of data breaches.
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Wireless Power Bank Market Segmentation
By Type
- Lithium Polymer Battery
- Powerful & Portable Wireless Power Bank
- Ultra Slim Design
- Dual USB ports
By Battery Capacity
- 900 mAh
- 5000 mAh
- 6000 mAh
- 7700 mAh
- 8000 mAh
- 9500 mAh
- Above 10000 mAh
By Application
- Smartphones
- Tablets/Laptops
- PCs
- Cameras
- Digital Watches
By Size
- Slim
- Pocket sized
- Large
By Distribution Channel
- Online
- E-commerce Websites
- Company Websites
- Offline
- Hypermarkets/Supermarkets
- Retail Stores
Based on Type, the lithium polymer battery segment dominated the global market in 2022 and is expected to grow at a high rate during the forecast period. Based on Application, the smartphone segment is expected to hold the largest share of the global Wireless Power Bank Market during the forecast period. This is attributed to the increasing use of smartphones, which led to the increase in demand for Wireless Power banks with large-capacity batteries. Based on Capacity, Above 10,000 mAh held the largest Wireless Power Bank Market share in 2022.
Wireless Power Bank Market Key Competitors include:
- ALOGIC
- Lenovo
- Xiaomi Mi
- Samsung
- Shenzhen Ugood Technology Co. Ltd
- Kenu
- Coolnut
- Momax
- Philips
- LUXA2
- ZENS
- Xtorm
- Aukey
- Silviano
- Elegent
- Urbn
- Jt-Pq1
- Ubon
- Gurvgear
- Walton
- Belkin
- Cascade
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Key questions answered in the Wireless Power Bank Market are:
- What is a Wireless Power Bank?
- What are the global trends in the Wireless Power Bank Market?
- What are the upcoming industry applications and trends for the Wireless Power Bank Market?
- What are the factors contributing to the final price of Wireless Power Bank?
- What major challenges could the Wireless Power Bank Market face in the future?
- What recent industry trends can be implemented to generate additional revenue streams for the Wireless Power Bank Market?
- How is the intervention from regulatory authority shaping the Wireless Power Bank Market?
- What growth strategies are the players considering to increase their presence in the Wireless Power Bank Market?
- Who are the leading manufacturers in the Wireless Power Bank Market?
- Who held the largest market share in the Wireless Power Bank Market?
- Which regional Wireless Power Bank Market is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Type, Battery Capacity, Application, Size Distribution Channel and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Mobile Power Bank Market - The market size is expected to reach USD 21.45 billion by 2029 at a CAGR of 3.5 percent during the forecast period. The market is expected to be driven by the increasing number of mobile users across the world.
Wireless Charging Market - The market size is expected to reach USD 56.03 billion by 2029 at a CAGR of 26 percent during the forecast period. The market is expected to be driven by the increasing demand for electric vehicles and the security and efficiency benefits offered by wireless chargers.
Power Bank Market - The market size is expected to reach USD 18.13 billion by 2029 at a CAGR of 8.1 percent during the forecast period. The market is expected to be driven by the increasing use of smartphones, tablets and an increase in power consumption of electronic devices due to technological advancements.
Wireless Display Market - The market size is expected to reach USD 9.95 billion by 2029 at a CAGR of 10.8 percent during the forecast period. The market is expected to grow because of growing smartphone proliferation and research and development investments.
Fibre Batteries Market - The market size is expected to reach USD 274.7 million by 2029 at a CAGR of 23 percent during the forecast period. The market is expected to be driven by increasing demand for wearable technologies such as fitness trackers, smartwatches, and health monitoring devices.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
