The report tracks the latest industry trends and analyzes their overall impact on the market. It also assesses market dynamics, which covers key demand and price indicators, and studies the market based on 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 used to charge electronic gadgets on the go. This ranges from slim, handheld devices to larger, higher capacity chargers, depending on the power needs of the user.
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. Due to their convenient nature, power banks are used to charge multiple devices including cell phones, tablets, portable speakers, laptops, cameras, etc.
To note: Our analysts are constantly monitoring the influence of the COVID-19 pandemic on the market. This relevant information is included in the report to improve efficiency, resilience and overall business performance.
GCC Power Bank Industry Trends and Drivers:
Rising adoption of smartphones and falling prices of power banks are some of the major factors increasing the GCC market. Moreover, the growing number of new entrants in the industry owing 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 rapidly evolving consumer electronics is leading to increased competition among major players to introduce new variants, such as environmentally friendly solar and hydrogen-based power banks. environment, in order to broaden their consumer base.
This coupled with escalating power bank sales through various online portals and e-commerce websites is further expected to act as a significant growth factor for the GCC power bank market in the coming years. come.
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GCC Power Bank Market Segmentation:
The market is segmented 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 information on the competitive landscape of the GCC the Power Banks industry with key players profiled in the report.
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Original content source: https://www.marketreport.us/gcc-power-bank-market-share-2022-industry-analysis-price-trends-size-growth-and-forecast-till-2027-syndicated-analytics/