India Power Bank Market (2023-2029) | Industry, COVID-19 IMPACT, Outlook, Forecast, Revenue, Growth, Trends, Share, Companies, Analysis, Size & Value

Topics Covered in the India Power Bank Market

India Power Bank Market report thoroughly covers the market by capacity range, by energy source, by battery type, and by distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Power Bank Market Synopsis

India Power Bank Market is anticipated to gain momentum in the upcoming years on the back of various growing factors such as rising smartphone advent in the country, growing e-commerce platforms, and the introduction of fast charging technology. Moreover, E-commerce platforms are the easiest medium to access any products, including power banks. They provide convenient aspects such as price comparison, heavy discounts, and more, leading to higher product sales. With the economic growth, the population income level has increased, leading to increased customer spending on premium quality power banks.

According to 6Wresearch, the India Power Bank Market size is estimated to augment a growth rate of around 8.4% during the forecast period 2023-2029. The market is experiencing growth with smartphones being the most important electronic device in today’s era, as people are dependent on their mobile devices for communication, entertainment, and work, the demand for power banks will continue to surge. The increasing trend of digitalization, from online payment to online shopping to remote work, this has augmented the need for uninterrupted power supply even while on the go, hence the demand for power banks has increased, contributing to the India Power Bank Market growth. Also, in rural areas, where electricity access is unreliable, power banks act as the best solution during power outages to keep electronic devices charged and connected. Hybrid work culture can be challenging, especially during the power cut, power banks are an ideal device to stay connected during work meetings while keeping devices charged.

Trends & Opportunities in the India Power Bank Market

India Power Bank Market is estimated to gain momentum in the country with a rise in the technological advancements in power banks, like the fast-charging aspect, making them more appealing to consumers. Wireless charging power banks have gained momentum among consumers, as cable-free charging has proven more convenient, even while on the go. Additionally, high-capacity power banks are gaining more popularity owing to their longer charging capacity, offering multiple times charging facilities without the need to charge themselves. Consumers prefer slim, lightweight, and compact-sized power banks, making them easy to carry, leading to an increasing power bank market share in India. Integration with IoT Devices is one of the opportunities for market expansion, as IoT devices require uninterrupted operations in case of power outages, and the demand for high-capacity power banks has increased.

COVID-19 Influence on the India Power Bank Market

The pandemic has influenced the India Power Bank Market which is the Asia Pacific Power Bank Market. With the imposition of lockdowns and social distancing measures, remote work, online learning, and virtual meetings have become compulsory during the pandemic. This led to a surge in the power banks to ensure uninterrupted work and study in case of power outages. Supply chain disruptions during the pandemic reduced the availability of components had delayed the manufacturing process and, as a result, reduced the availability of components. This led to a major drop in the market growth.

Key Players of the India Power Bank Market

Several major companies have a strong market presence. They have been catering for their customers by offering their customers premium quality power banks. Some of them are mentioned below:

• Xiaomi (Mi
• Syska
• Ambrane
• Anker
• Sony
• MiLi
• Portronics

Market Analysis by Energy Source

According to Dhaval, Research Manager, 6Wresearch, currently, electric power banks are experiencing growth in the market underpinned by the catering consumers' need for the fastest charging.  However, solar power banks are also estimated to witness a steady growth in the coming years with consumers becoming aware of environmental impact.

Market Analysis by Battery Type

Based on the battery type, each battery type, including Lithium-Ion and Lithium Polymer are gaining popularity in the market, influenced by certain factors such as capacity requirements, and cost considerations.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Power Bank Market Outlook
• Market Size of India Power Bank Market, 2022
• Forecast of India Power Bank Market, 2029
• Historical Data and Forecast of India Power Bank Revenues & Volume for the Period 2019 - 2029
• India Power Bank Market Trend Evolution
• India Power Bank Market Drivers and Challenges
• India Power Bank Price Trends
• India Power Bank Porter's Five Forces
• India Power Bank Industry Life Cycle
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Capacity Range for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Up to 3,000 mAh for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By 3,001 mAh-8,000 mAh for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By 8,001 mAh-20,000 mAh for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Above 20,000 mAh for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Energy Source for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Solar for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Battery Type for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Lithium-ion for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Lithium Polymer for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By E-commerce for the Period 2019 - 2029
• Historical Data and Forecast of India Power Bank Market Revenues & Volume By Brick and Mortar for the Period 2019 - 2029
• India Power Bank Import Export Trade Statistics
• Market Opportunity Assessment By Capacity Range
• Market Opportunity Assessment By Energy Source
• Market Opportunity Assessment By Battery Type
• Market Opportunity Assessment By Distribution Channel
• India Power Bank Top Companies Market Share
• India Power Bank Competitive Benchmarking By Technical and Operational Parameters
• India Power Bank Company Profiles
• India Power Bank Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Capacity Range

• Up To 3,000 Mah
• 3,001 MAh-8,000 Mah
• 8,001 MAh-20,000 Mah
• Above 20,000 Mah

By Energy Source

• Electric
• Solar

By Battery Type

• Lithium-Ion
• Lithium Polymer

By Distribution Channel

• E-Commerce
• Brick And Mortar