The power bank market is estimated to grow at a CAGR 8.10% during the forecast period 2021-2026. Factors such as increasing internet-related services through smartphones and tablets, the decline in the price of power banks, frequent electric outages in certain countries, and an increase in power consumption of smartphones are driving the market for power banks.
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APAC expected to dominate power bank market during the forecast period. Major factors such as increasing adoption of wearables and other consumer electronic products, presence of prominent manufacturers of power banks, and increasing population and economic growth of developing countries are fueling the market growth of power banks in APAC.
Key Market Players include Anker Innovations (China), AUKEY (China), Xiaomi (China), ADATA (Taiwan), RAVPower (US), GRIFFIN (US), Lenovo (China), mophie (US), AMBRANE (India), INTEX (India), among others.

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