“GCC Power Bank Market Size: Industry Analysis, Market Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC power bank market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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A power bank refers to a portable charger that is used to recharge electronic gadgets on the go. It ranges from thin, pocket-sized devices to larger and higher-capacity chargers, depending on the user’s power requirements. They are usually made from Lithium-Ion (Li-on) and Lithium-Polymer (Li-Po) batteries and are categorized into standard/universal and solar power banks. Owing to their convenient nature, power banks are utilized for charging several devices, including mobile phones, tablets, portable speakers, laptops, cameras, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
GCC Power Bank Industry Trends and Drivers:
The escalating adoption of smartphones and the decreasing prices of power banks are among the primary factors augmenting the GCC market. Besides this, the increasing number of new entrants in the industry due to the low capital investment required for setting up production facilities is also creating a positive outlook for the regional market. Additionally, the advent of power banks as fast-moving consumer electronics is leading to increased competition among key players to introduce new variants, such as eco-friendly solar and hydrogen fuel-based power banks, in order to expand their consumer base. This, coupled with the escalating sales of power banks through various online portals and e-commerce websites, is further anticipated to act as a significant growth-inducing factor for the GCC power bank market in the coming years.
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GCC Power Bank Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the GCC power bank industry with the leading players profiled in the report.
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