Forecast to 2024 Europe Power Bank Market: Growing at a CAGR of 23.6%

Europe Power Bank Market, By Geography; Capacity Range (500–3499mAh, 3500–6499mAh, 6500–9499mAh, 9500–12499mAh, 12500–15499mAh, Above 15500mAh); USB Port (One USB Port, Two USB Ports, More Than Two USB Ports); Energy Source (Electric, Solar); Battery Type (Lithium Ion (LI-Ion) Battery, Lithium Polymer (LI-Polymer) Battery); Application (Smartphone, Tablet, Digital Camera, Laptop) – Industry Trends and Forecast to 2024

Europe Power Bank Market is expected to reach USD7,759.25 million by 2024 from USD1,430.93 million in 2016, at a CAGR of 23.6% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The major factors driving the growth of Europe power bank market are large number of techno savvy consumers with high disposable income and growing usage of smartphones.

Market Segmentation: Europe Power Bank Market

The global power bank market is segmented on the basis of charge capacity, product type and distribution channel. The charge capacity market is segmented into portable mobile power bank, ultra-portable mobile power bank, big charge power bank and high charge power bank. Portable mobile power bank is further sub segmented by battery size into 10000 mAh, 10000 to 15000 mAh and 15000 to 20000 mAh. Ultra-portable mobile power bank is further sub segmented by battery size into 5000 to 10000 mAh and 3000 to 5000mAh. In 2017, the portable mobile power bank segment is expected to dominate the market with a share of53.8% and ultra-portable mobile power bank is expected to grow with the highest CAGR24.3% during the forecast period from 2017 to 2024.

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On the basis of product type, the market is segmented into portable mobile power bank, laptop power bank and phone case power bank. In 2017, the portable mobile power bank market segment is expected to dominate the market and is expected to continue this trend till 2024.

On the basis of distribution channel, the market is classified into online market, hypermarket and mobile stores. In 2017, the online market segment is expected to dominate the market and is expected to continue this trend till 2024.

Key Drivers: Europe Power Bank Market

Large number of techno savvy consumers with high disposable income

Growing usage of smartphones.

Key Points: Europe Power Bank Market

Sony Corporation is dominating the power bank market followed by Xiaomi, along with others such as Shenzhen Century New Energy Battery Co. Ltd., Anker Technology Co. Limited, Microsoft, Lenovo, Panasonic Corporation, ASUSTeK Computer Inc., ADATA Technology Co., Ltd., Intex, uNu Electronics Inc., and Portronics among other companies.

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On the basis of charge capacity, portable power bank market is driving the market with the highest market share53.8% in 2017 and ultra-portable power bank market is driving the market with the highest CAGR 24.3% for the forecast period 2017-2024.

On the basis of product type, portable mobile power bank is expected to dominate the market with 68.5% and is expected to continue this trend till 2024.

On the basis of distribution channel, online market segment is expected to dominate the market with highest CAGR 24.0%and is expected to this trend till 2024.

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