The Global Magnetic Wireless Charging Power Bank Market size is estimated to grow at a CAGR of 16.2% from 2021-2028 and reach $X billion by 2028. The demand for magnetic wireless charging power banks has increased over the past few years, owing to the increase in the development of such devices across various industry verticals.
Magnetic wireless charging power banks are used for the purpose of energy storage. Magnetic chargers use electromagnetic induction to transfer electric current from one object to another, without any electrical contact between them. There is no need for a physical connection like with other devices such as cables and wires in order to charge magnetic wireless charging power bank because it uses magnetism instead. This technology enables people to wirelessly charge their mobile devices while staying at home or sitting in coffee shops among many other places.
The main advantage of this type of charger lies in its ease-of-use features that enable users who have little knowledge about electronics and electricity, which makes it more popular than wired chargers since most people find themselves tangled up by cords on daily basis.
On the basis of Type, the global magnetic wireless charging power bank market is segmented into below 3000mAh, 300-1000mAh, and above 1000mAh.
The below 3000mAh type of magnetic wireless charging power bank is the smallest in size and weight. It does not take much to charge a phone battery, so these chargers are usually used for smartphones that use less power. This charger can be easily carried around as it weighs lesser than 100gms., which makes them more popular with people who do not stay at one place all day long but travel from office to home or vice versa during work hours. They have been designed keeping consumer convenience in mind such as they come with USB cable to connect devices while travelling and foldable features for easy carrying purposes like never tangle cords. These chargers also include built-in cables that act as stand to view videos on mobile phones.
300mah to 1000mA type of magnetic wireless charging power bank can be applied in mobile phone and tablet applications. The products are mostly in the form of a card, such as cards.This type is suitable for charging mobile phone and tablet with low power consumption requirements. The battery capacity range is usually 300mAh to 1000mA, which can provide up to one hour's worth of charge time. The thickness ranges from 0.08mm to 0.15mm; most lines are about 0.12mm thick.
Above 10000mAh types of magnetic wireless charging power bank are the most powerful ones and can generate a great amount of electricity. They serve as an excellent source for backup energy supply in case of emergencies.
Above 10000mAh types of magnetic wireless charging power bank are also commonly used in large factories to charge the batteries of their robots and other electric machines. The efficiency rate is higher than that of below 3000mAh type, which means they can generate electricity for a longer period without being recharged. This makes them perfect as on-site emergency backup sources when required by law or regulations.
On the basis of Application, the global magnetic wireless charging power bank market is segmented into mobile, tablet, and other.
Magnetic wireless charging power bank for mobile are widely used in some countries, and they can be conveniently charged at home. In other areas where there is no electricity supply or high-voltage lines, magnetic wireless charging power bank for mobile is a good choice because it does not require electrical wiring to the car battery as well as tools that could make troubleshooting more complicated.
Magnetic wireless charging power bank for tablet is a new generation of mobile charger. It can provide stable, fast and safe charge to the device with some advantages in comparison to traditional wired chargers: it has no time limit, higher voltage output (up to 12V), more efficiency (about 95% conversion rate) and smaller size. Magnetic wireless charging power bank for tablet market will continue grow because all tablets use lithium ion battery technology which means that they may be charged wirelessly at anytime or anyplace without having an adapter plugged into them on a daily basis.
On the basis of Region, the global magnetic wireless charging power bank market is segmented into North America (the US), Latin America (Mexico) Europe (Russia), Asia Pacific (China Japan India ), Middle East & Africa (Gulf). North America accounts for the largest share of global magnetic wireless charging power bank sales. The US is a lucrative market and will continue to grow in terms of demand over the forecast period owing to its popularity among mobile & tablet users, rising competition from start-ups as well as established players such onetime Google’s Project Ara; rise in data consumption by people; increase in disposable income levels owing to better economic conditions and strong immigration rates. California has emerged as one major hub that houses companies like Anker, Inc., Mophie, Inc., Kyocera Corporation etc.; this region also hosts some of the most popular events related to technology including CES (Consumer Electronics Show) held annually at Las Vegas followed by CTIA Wireless show which is also held annually at Las Vegas.
The factors that are contributing to the growth of this market include shrinking prices offered by manufacturers which are attracting buyers and advertisers alike. In addition, it also relies heavily on conductive materials.
Up Market Research published a new report titled “Magnetic Wireless Charging Power Bank Sales Market research report which is segmented by Types (Below 3000mAh, 3001-5000mAh, 5001-10000mAh, Above 10000mAh), By Applications (Mobile, Tablet, Others), By Players/Companies Nillkin, Mipow, Panasonic, Anker, Xiaomi, XVIDA, Samsung, Philips, LUXA2, Huawei, Shenzhen Gobay Electronics, ModTek Solution, PITAKA, Yoobao, Goal Zero”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Magnetic Wireless Charging Power Bank Sales Market Research Report |
By Type | Below 3000mAh, 3001-5000mAh, 5001-10000mAh, Above 10000mAh |
By Application | Mobile, Tablet, Others |
By Companies | Nillkin, Mipow, Panasonic, Anker, Xiaomi, XVIDA, Samsung, Philips, LUXA2, Huawei, Shenzhen Gobay Electronics, ModTek Solution, PITAKA, Yoobao, Goal Zero |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 219 |
Number of Tables & Figures | 154 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Below 3000mAh, 3001-5000mAh, 5001-10000mAh, Above 10000mAh and By Application Mobile, Tablet, Others.
Some of the companies that are profiled in this report are:
Magnetic Wireless Charging Power Bank Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Magnetic Wireless Charging Power Bank Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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