Report Description

The India Power Bank Market is expected to increase during the forecast period, owing the increasing usage of smartphones and tablets and reduction in the prices of power banks. The market growth might be restricted due to enhanced battery capacity of electronic devices.

Power Banks are portable devices that use circuitry to control any power in and power out for charging phones, cameras, laptop computers, etc. They are charged up using a USB charger when power is available, and then used to charge battery powered items like mobile phones and a host of other devices that would normally use a USB charger. Power banks offer several benefits that include multiple sockets, compatibility to all brands and other gadgets, high charging capacity, low cost and usefulness during power interruptions.

Increase Demand for Solar and Hydrogen Fuel Cells based Power Banks

Energy, being the very crucial issue in today’s world, is transforming its shape from the non-renewable sources to various renewable sources because of the two issues using non-renewable sources. Among them, one is the deterioration of the environment and second is the fast consumption of non-renewable resources. Direct electricity is not the only source of power for power banks. Apart from electric power banks, various companies are manufacturing power banks, powered by solar and/or hydrogen fuel cells.

For instance, Uimi Technology Private limited and Elixier Tech Innovatis LLP, are among the market players that offer solar power banks. Solar power banks are an effective solution during power outages. Solar power banks are excellent solutions that utilize renewable sources of energy and can function without interruption. It does not contribute to environment pollution and is user-friendly. These factors are expected to increase the adoption of solar power banks.

Declining Prices of the Power Banks Drives the Market Growth

The existence of several competitors and the rising number of new market entrants make the Indian power bank industry a very competitive one. In order to boost their customer base and stay competitive in the market, businesses are lowering the prices of their power banks. Additionally, manufacturers are concentrating on incorporating new technologies into their power banks, which has resulted in lower power bank pricing, supporting the market's expansion in the upcoming years.

Rising Demand for Smartphones

There has been a huge boost from the Indian government to encourage smartphone companies to make phones in India. The government’s focus has been to make India a manufacturing hub and has taken various initiatives in this direction. The Production Linked Incentive (PLI) scheme for mobile handsets proved to be an accelerator for local manufacturing. Therefore, as the demand for smartphones in India has been increased as a result of local manufacturing, the demand for power banks has also increased.


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Market Segments

Power Bank Market is segmented into by type, by capacity, by USB ports, by distribution channel, by energy source, by price range, by end user and by region. Based on Type, the market is segmented into Lithium-ion & Lithium Polymer. Based on Capacity, the market is segmented into Up to 4000 mAh, 4001 - 8000 mAh, 8001 - 12000 mAh & Above 12000 mAh. Based on USB Ports, the market is segmented into One Port, Two Ports, & Three Ports & Above. Based on Distribution Channel, the market is segmented into Online and Offline. Based on Energy Source, the market is segmented into Electric and Solar. Based on Price Range, the market is segmented into Low, Mid-Range and Premium Range. Based on End User, the market is segmented into Consumer Power Banks and Industrial Power Banks.

 

Market Players

India Power Bank Market players include Intex Technologies (India) Ltd., Xiaomi Technology India Private Limited, Lenovo (India) Private Limited, Zebronics India Pvt. Ltd., Ambrane India Pvt. Ltd., Philips India Limited, SSK Group, Portronics Digital Private Limited, Sony India Private Limited, Best It World (India) Private Limited

Recent Developments

  • In 2019, government of India plans to reduce dependence on China in producing power banks. To achieve this, government plans to open a design hub in Noida for indigenous power banks and this will be run in collaboration with the Centre for Development of Advanced Computing.
  • In April 2022, India is setting up a first of its kind standalone renewable battery power bank envisaging and investment of USD 246.6 million to make green available on tap for grid operators and DISCOM.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

·         By Type

·         By Capacity

·         By USB Ports

·         By Distribution Channel

·         By Energy Source

·         By Price Range

·         By End User

·         By Region

Regional Scope

North, South, West, East

Key companies profiled

Intex Technologies (India) Ltd., Xiaomi Technology India Private Limited, Lenovo (India) Private Limited, Zebronics India Pvt. Ltd., Ambrane India Pvt. Ltd., Philips India Limited, SSK Group, Portronics Digital Private Limited, Sony India Private Limited, Best It World (India) Private Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, India Power Bank Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Power Bank Market, By Type
    • Lithium-ion
    • Lithium Polymer
  • India Power Bank Market, By Capacity:
    • Up to 4000 mAh
    • 4001 - 8000 mAh
    • 8001 - 12000 mAh
    • Above 12000 mAh
  • India Power Bank Market, By USB Ports:
    • One Port
    • Two Ports
    • Three Ports
    • Above
  • India Power Bank Market, By Distribution Channel:
    • Online
    • Offline
  • India Power Bank Market, By Energy Source:
    • Electric
    • Solar
  • India Power Bank Market, By Price Range:
    • Low
    • Mid-Range
    • Premium Range
  • India Power Bank Market, By End User:
    • Consumer Power Banks
    • Industrial Power Banks
  • India Power Bank Market, By Region:
    • North Region
    • South Region
    • West Region
    • East Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Power Bank Market.

Available Customizations:

India Power Bank Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

India Power Bank Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Study

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Methodology Followed for Calculation of Market Size

2.3.  Methodology Followed for Calculation of Market Shares

2.4.  Methodology Followed for Forecasting

3.    Executive Summary

4.    Impact of COVID-19 on India Power Bank Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Brand Satisfaction Level

5.3.  Factors influencing Purchasing Decision

6.    Global Power Bank Market Overview

7.    India Power Bank Market Outlook

7.1.   Market Size & Forecast

7.1.1.                           By Value and Volume

7.2.   Market Share & Forecast

7.2.1.                           By Type (Lithium-ion & Lithium Polymer)

7.2.2.                           By Capacity (Up to 4000 mAh, 4001 – 8000 mAh, 8001 – 12000 mAh & Above 12000 mAh)

7.2.3.                           By USB Ports (One Port, Two Ports, & Three Ports & Above)

7.2.4.                           By Distribution Channel (Online Vs. Offline)

7.2.5.                           By Energy Source (Electric, Solar)

7.2.6.                           By Price Range (Low, Mid-Range and Premium Range)

7.2.7.                           By End User (Consumer Power Banks and Industrial Power Banks)

7.2.8.                           By Region

7.2.9.                           By Company (2022)

7.3.  Market Map

8.    North India Power Bank Market Outlook

8.1.  Market Size & Forecast

8.1.1.                           By Value and Volume

8.2.   Market Share & Forecast

8.2.1.                           By Type

8.2.2.                           By Capacity

8.2.3.                           By USB Ports

8.2.4.                           By Distribution Channel

8.2.5.                           By Energy Source

8.2.6.                           By Price Range

8.2.7.                           By End User

9.    South India Power Bank Market Outlook

9.1.  Market Size & Forecast

9.1.1.                           By Value and Volume

9.2.   Market Share & Forecast

9.2.1.                           By Type

9.2.2.                           By Capacity

9.2.3.                           By USB Ports

9.2.4.                           By Distribution Channel

9.2.5.                           By Energy Source

9.2.6.                           By Price Range

9.2.7.                           By End User

10. West India Power Bank Market Outlook

10.1.       Market Size & Forecast

10.1.1.                        By Value and Volume

10.2.        Market Share & Forecast

10.2.1.                        By Type

10.2.2.                        By Capacity

10.2.3.                        By USB Ports

10.2.4.                        By Distribution Channel

10.2.5.                        By Energy Source

10.2.6.                        By Price Range

10.2.7.                        By End User

11. East India Power Bank Market Outlook

11.1.       Market Size & Forecast

11.1.1.                        By Value and Volume

11.2.        Market Share & Forecast

11.2.1.                        By Type

11.2.2.                        By Capacity

11.2.3.                        By USB Ports

11.2.4.                        By Distribution Channel

11.2.5.                        By Energy Source

11.2.6.                        By Price Range

11.2.7.                        By End User

12. Import & Export Analysis

13. Market Dynamics                                                                                                      

13.1.             Drivers

13.1.1. Increasing Number of Internet Users

13.1.2. Rising Demand for Smartphones

13.1.3. Declining Prices of Power Banks

13.2.             Challenges    

13.2.1. Low Quality Power Banks

13.2.2. Highly Competitive Market

14. Market Trends and Developments

14.1.Rising Popularity of Digital Content

14.2.Increasing Processing Power of Devices

14.3.Significant Shift Toward 3G and 4G Networks

14.4.Power Banks Powered by Solar and Hydrogen Fuel Cells

14.5.Increasing Work from Home (WFH) Trend

15. Policy & Regulatory Landscape

16. India Economic Profile                                                                                                 

17. Competitive Landscape

17.1.             Competition Outlook

17.2.             Company Profiles

17.2.1. Intex Technologies (India) Ltd.

17.2.1.1.    Company Overview

17.2.1.2.    Product Portfolio

17.2.1.3.    Key Financials & Revenues (If Available)

17.2.1.4.    Key Personals

17.2.1.5.    Recent Developments/Updates

17.2.2. Xiaomi Technology India Private Limited

17.2.2.1.    Company Overview

17.2.2.2.    Product Portfolio

17.2.2.3.    Key Financials & Revenues (If Available)

17.2.2.4.    Key Personals

17.2.2.5.    Recent Developments/Updates

17.2.3.   Lenovo (India) Private Limited

17.2.3.1.    Company Overview

17.2.3.2.    Product Portfolio

17.2.3.3.    Key Financials & Revenues (If Available)

17.2.3.4.    Key Personals

17.2.3.5.    Recent Developments/Updates

17.2.4. Zebronics India Pvt. Ltd.

17.2.4.1.    Company Overview

17.2.4.2.    Product Portfolio

17.2.4.3.    Key Financials & Revenues (If Available)

17.2.4.4.    Key Personals

17.2.4.5.    Recent Developments/Updates

17.2.5. Ambrane India Pvt. Ltd.

17.2.5.1.    Company Overview

17.2.5.2.    Product Portfolio

17.2.5.3.    Key Financials & Revenues (If Available)

17.2.5.4.    Key Personals

17.2.5.5.    Recent Developments/Updates

17.2.6. Philips India Limited

17.2.6.1.    Company Overview

17.2.6.2.    Product Portfolio

17.2.6.3.    Key Financials & Revenues (If Available)

17.2.6.4.    Key Personals

17.2.6.5.    Recent Developments/Updates

17.2.7. SSK Group

17.2.7.1.    Company Overview

17.2.7.2.    Product Portfolio

17.2.7.3.    Key Financials & Revenues (If Available)

17.2.7.4.    Key Personals

17.2.7.5.    Recent Developments/Updates

17.2.8. Portronics Digital Private Limited

17.2.8.1.    Company Overview

17.2.8.2.    Product Portfolio

17.2.8.3.    Key Financials & Revenues (If Available)

17.2.8.4.    Key Personals

17.2.8.5.    Recent Developments/Updates

17.2.9. Sony India Private Limited

17.2.9.1.    Company Overview

17.2.9.2.    Product Portfolio

17.2.9.3.    Key Financials & Revenues (If Available)

17.2.9.4.    Key Personals

17.2.9.5.    Recent Developments/Updates

17.2.10.    Best It World (India) Private Limited

17.2.10.1. Company Overview

17.2.10.2. Product Portfolio

17.2.10.3. Key Financials & Revenues (If Available)

17.2.10.4. Key Personals

17.2.10.5. Recent Developments/Updates

18. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The average selling price (ASP) of power bank in India is approximately INR 1000.

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The average lifespan of a power bank is usually between 3 to 4 years and will hold charge for around 4-6 months on average.

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The P-MEGA is the world's largest power charging station. It packs a mind-blowing 41,600mAh LG lithium-ion battery cell, and comes equipped with six USB output ports to charge all your compatible smartphone and tablet devices.

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For models with USB-C output or input, the best power bank is at least 15 watts because this minimum wattage needed for full USB-C charging and recharging speeds.

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Parvati Sharma

Account Manager BD
Press Release

India Power Bank Market to Grow at a High CAGR Until 2028

Dec, 2022

Rising popularity for digital content and significant shift towards 3G and 4G networks are expected to increase the growth of India Power Bank Market during the forecast period of 2024-2028.