South & Central America Power Bank Market Forecast to 2028
South & Central America Power Bank Market Forecast to 2028 – Regional Analysis – by Capacity (1000-5000 mAh, 5001-10000 mAh, 10001-15000 mAh, 15001-20000 mAh, and Above 20001 mAh), Battery Type (Lithium-Ion Battery and Lithium-Polymer Battery), Indicator (LED Lighting and Digital Display), and Application (Smartphone, Tablet, Laptop, Wearable Device, Digital Camera, and Others)
$2,100 – $3,500
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Description
Increasing Penetration of Smartphones and Other Electronic Devices and Rising Power Outrage Problems Fuel South & Central America power bank market
People are highly dependent on electricity for powering consumer electronics. Therefore, there is a need for constant and uninterrupted power supply. However, there is a surge in power outages worldwide due to changing weather conditions, storms, and aging power infrastructure. For instance, Individuals and businesses seek alternative power sources to keep their smartphones, laptops, tablets, and other electronic devices functioning during blackouts. People want to ensure they have reliable power sources in case of unexpected power failures or during natural disasters. Therefore, the rising power outage issues are fueling the demand for power banks.
South & Central America Power Bank Market Overview
The demand for power banks in South America (SAM) has also increased recently as the country has witnessed a significant increase in mobile device adoption, including laptops, smartphones, and tablets. As more people rely on these devices for work, communication, entertainment, and productivity, the need for power banks to keep them charged also rises. Access to reliable electricity and power outlets may be limited in certain areas of SAM, especially in rural or remote regions. Power banks provide a portable solution for charging mobile devices, allowing users to stay connected even when traditional power sources are scarce.
Power bank manufacturers have recognized the rising demand in SAM and have expanded their product offerings to cater to the specific needs of the region. They have introduced power banks with features such as multiple charging ports, high capacity, faster charging speeds, and compact designs, targeting SAM consumers who seek reliable and convenient power solutions for their mobile devices. In June 2023, Baseus launched its ultra-slim battery pack, incorporating more advanced battery cells for higher efficiency and redesigning the entire circuit layout. It supports PD 100W fast charging and houses a 20,000 mAh capacity, just like its predecessor, making it an ideal backup power source for a laptop whether a person travels frequently or is on a business trip. Therefore, the increasing demand for power banks in SAM is boosting the market.
South & Central America power Bank Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Power Bank Market Segmentation
The South & Central America power bank market is segmented into capacity, battery, indicator, application, and country.
Based on capacity, the South & Central America power bank market is segmented into 10001-15000 mAh, 15001-20000 mAh, above 20001 mAh, 5001-10000 mAh, and 1000-5000 mAh. 10001-15000 mAh segment held the largest share of the South & Central America power bank market in 2023.
Based on battery type, the South & Central America power bank market is segmented into lithium-ion battery and lithium-polymer battery. The lithium-ion battery segment held a larger share of the South & Central America power bank market in 2023.
Based on indicator, the South & Central America power bank market is segmented into LED Lighting, digital display. The LED Lighting segment held a larger of the South & Central America power bank market in 2023.
Based on application, the South & Central America power bank market is segmented into smartphone, wearable devices, laptop, tablet, digital camera, and others. The smartphone segment held the largest share of the South & Central America power bank market in 2023.
Based on country, the South & Central America power bank market is segmented into Argentina, Brazil, and the Rest of South & Central America. Brazil dominated the South & Central America power bank market in 2023.
ADATA Technology Co., Ltd, Anker Innovations Technology Co Ltd, Lenovo Group Ltd, and Xiaomi Corp are some of the leading companies operating in the South & Central America power bank market.
Summary Info
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According to Business Market Insights research, the South & Central America Power Bank Market was valued at US$ 535.56 million in 2023 and is expected to reach US$ 1,065.64 million by 2030, registering a CAGR of 10.3% from 2023 to 2030. Increasing penetration of smartphones and other electronic devices and rising power outrage problems are the critical factors attributed to the South & Central America power bank market.
Wireless charging power banks offer the convenience of wirelessly charging compatible devices, eliminating the need for cables and adaptors. They provide a convenient solution for wireless charging-enabled devices on the go. The adoption of wireless charging technology has expanded across various device categories, including smartphones, smartwatches, and wireless earbuds. As more devices incorporate wireless charging capabilities, the demand for compatible power banks naturally increases. Wireless charging power banks enable users to charge multiple devices simultaneously, making them versatile and appealing to a broader range of consumers. Further, Wireless charging power banks often incorporate advanced safety features, such as temperature control, over-current protection, and short-circuit prevention, ensuring the safety of both the power bank and the connected devices.
Wireless charging eliminates wear and tear on charging cables, reducing the risk of cable damage and extending the overall lifespan of the power bank. These safety and durability aspects make wireless charging power banks an attractive choice for consumers. Wireless charging technology continues to evolve, offering faster charging speeds and improved efficiency. The introduction of Qi wireless charging standards has standardized compatibility across devices, which is further driving the adoption of wireless charging power banks. As advancements continue, wireless charging power banks are becoming more efficient, delivering faster and more reliable charging capabilities. As wireless charging becomes increasingly popular, the South & Central America Power Bank Market is witnessing intense competition among manufacturers. Many companies are introducing wireless charging power banks as part of their product offerings to stay competitive and cater to consumer demands. For instance, in October 2022, Stuff cool launched a 10,000 mAh power bank with 15 W wireless charging support. Therefore, with increasing innovation, developing new features, enhanced designs, and improved performance in wireless charging power banks is driving the South & Central America Power Bank Market.
On the contrary, rising installation of charging infrastructures in public places hampers the South & Central America Power Bank Market.
Based on capacity, the South & Central America Power Bank Market is segmented into 10001-15000 mAh, 15001-20000 mAh, above 20001 mAh, 5001-1000 mAh, and 1000-5000 mAh. The 10001-15000 mAh segment held 48.4% share of South & Central America Power Bank Market in 2023, amassing US$ 258.99 million. It is projected to garner US$ 544.33 million by 2030 to expand at 11.2% CAGR during 2023-2030.
Based on battery type, the South & Central America power bank market is segmented into lithium-ion battery and lithium-polymer battery. The lithium-ion battery segment held 89.2% share of South & Central America power bank market in 2023, amassing US$ 477.51 million. It is projected to garner US$ 944.64 million by 2030 to expand at 10.2% CAGR during 2023-2030.
Based on indicator, the South & Central America power bank market is segmented into LED lighting and digital display. The LED lighting segment held 74.3% share of South & Central America Power Bank Market in 2023, amassing US$ 397.70 million. It is projected to garner US$ 777.50 million by 2030 to expand at 10.1% CAGR during 2023-2030.
Based on application, the South & Central America power bank market is segmented into smartphone, wearable devices, laptop, tablets, digital camera, and others. The smartphone segment held 56.8% share of South & Central America Power Bank Market in 2023, amassing US$ 304.43 million. It is projected to garner US$ 641.64 million by 2030 to expand at 11.2% CAGR during 2023-2030.
Based on country, the South & Central America Power Bank Market has been categorized into the Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the China captured 66.9% share of South & Central America Power Bank Market in 2023. It was assessed at US$ 358.22 million in 2023 and is likely to hit US$ 741.43 million by 2030, exhibiting a CAGR of 11.0% during 2023-2030.
Key players operating in the South & Central America Power Bank Market are ADATA Technology Co., Ltd, Anker Innovations Technology Co Ltd, Lenovo Group Ltd, and Xiaomi Corp, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America Power Bank Market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America Power Bank Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America Market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.2.1 South & Central America Power Bank Market – By Capacity
1.2.2 South & Central America Power Bank Market – By Battery Type
1.2.3 South & Central America Power Bank Market – By Indicator
1.2.4 South & Central America Power Bank Market – By Application
1.2.5 South & Central America Power Bank Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Power Bank Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South & Central America Power Bank Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Penetration of Smartphones and Other Electronic Devices
5.1.2 Rising Power Outrage Problems
5.2 Market Restraints
5.2.1 Rising Installation of Charging Infrastructures in Public Places
5.3 Market Opportunities
5.3.1 Increasing Inclination Toward Eco-Friendly Power Banks
5.4 Future Trends
5.4.1 Wireless Charging Power Banks
5.5 Impact Analysis of Drivers and Restraints
6. South & Central America Power Bank Market – South & Central America Analysis
6.1 South & Central America Power Bank Market Overview
6.2 South & Central America Power Bank Market – Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Power Bank Market Analysis – By Capacity
7.1 Overview
7.2 South & Central America Power Bank Market, By Capacity (2022 and 2030)
7.301-15000 mAh
7.3.1 Overview
7.3.201-15000 mAh: South & Central America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
7.401- 20000 mAh
7.4.1 Overview
7.4.201- 20000 mAh: South & Central America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
7.5 Above 20001 mAh
7.5.1 Overview
7.5.2 Above 20001 mAh: South & Central America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
7.61-10000 mAh
7.6.1 Overview
7.6.21-10000 mAh: South & Central America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
7.70-5000 mAh
7.7.1 Overview
7.7.20-5000 mAh: South & Central America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
8. South & Central America Power Bank Market Analysis – By Battery Type
8.1 Overview
8.2 South & Central America Power Bank Market, By Battery Type (2022 and 2030)
8.3 Lithium-Ion Battery
8.3.1 Overview
8.3.2 Lithium-Ion Battery: South & Central America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
8.4 Lithium-Polymer Battery
8.4.1 Overview
8.4.2 Lithium-Polymer Battery: South & Central America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Power Bank Market Analysis – By Indicator
9.1 Overview
9.2 South & Central America Power Bank Market, By Indicator (2022 and 2030)
9.3 LED Lighting
9.3.1 Overview
9.3.2 LED Lighting: South & Central America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
9.4 Digital Display
9.4.1 Overview
9.4.2 Digital Display: South & Central America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Power Bank Market Analysis – By Application
10.1 Overview
10.2 South & Central America Power Bank Market Breakdown, By Application, 2022 & 2030
10.3 Smartphone
10.3.1 Overview
10.3.2 Smartphone: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.4 Wearable Devices
10.4.1 Overview
10.4.2 Wearable Devices: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.5 Laptop
10.5.1 Overview
10.5.2 Laptop: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.6 Tablet
10.6.1 Overview
10.6.2 Tablet: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.7 Digital Camera
10.7.1 Overview
10.7.2 Digital Camera: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
11. South & Central America Power Bank Market – Country Analysis
11.1 Overview
11.1.1.1 Brazil South & Central America Power Bank Market, Revenue and Forecast to 2030
11.1.1.1.1 Brazil South & Central America Power Bank Market Breakdown, By Capacity
11.1.1.1.2 Brazil South & Central America Power Bank Market Breakdown, By Battery Type
11.1.1.1.3 Brazil South & Central America Power Bank Market Breakdown, By Indicator
11.1.1.1.4 Brazil South & Central America Power Bank Market Breakdown, By Application
11.1.1.2 Argentina South & Central America Power Bank Market, Revenue and Forecast to 2030
11.1.1.2.1 Argentina South & Central America Power Bank Market Breakdown, By Capacity
11.1.1.2.2 Argentina South & Central America Power Bank Market Breakdown, By Battery Type
11.1.1.2.3 Argentina South & Central America Power Bank Market Breakdown, By Indicator
11.1.1.2.4 Argentina South & Central America Power Bank Market Breakdown, By Application
11.1.1.3 Rest of SAM South & Central America Power Bank Market, Revenue and Forecast to 2030
11.1.1.3.1 Rest of SAM South & Central America Power Bank Market Breakdown, By Capacity
11.1.1.3.2 Rest of SAM South & Central America Power Bank Market Breakdown, By Battery Type
11.1.1.3.3 Rest of SAM South & Central America Power Bank Market Breakdown, By Indicator
11.1.1.3.4 Rest of SAM South & Central America Power Bank Market Breakdown, By Application
12. Industry Landscape
12.1 Overview
12.2 New Product Launches
13. Company Profiles
13.1 ADATA Technology Co., Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Anker Innovations Technology Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Lenovo Group Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Xiaomi Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 About Research Team
14.2 Word Index
LIST OF TABLES
Table 1. South & Central America Power Bank Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. Brazil South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Capacity (US$ Million)
Table 3. Brazil South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Battery Type (US$ Million)
Table 4. Brazil South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Indicator (US$ Million)
Table 5. Brazil South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 6. Argentina South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Capacity (US$ Million)
Table 7. Argentina South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Battery Type (US$ Million)
Table 8. Argentina South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Indicator (US$ Million)
Table 9. Argentina South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 10. Rest of SAM South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Capacity (US$ Million)
Table 11. Rest of SAM South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Battery Type (US$ Million)
Table 12. Rest of SAM South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Indicator (US$ Million)
Table 13. Rest of SAM South & Central America Power Bank Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America Power Bank Market Segmentation – By Country
Figure 2. South & Central America Power Bank Market Overview
Figure 3.01-15000 mAh Segment held the Largest Share of South & Central America Power Bank Market
Figure 4. South & Central America to Show Great Traction During Forecast Period
Figure 5. SAM: PEST Analysis
Figure 6. Expert Opinion
Figure 7. South & Central America Power Bank Market Impact Analysis of Drivers and Restraints
Figure 8. South & Central America Power Bank Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. South & Central America Power Bank Market Revenue Share, By Capacity (2022 and 2030)
Figure 10.01-15000 mAh: South & Central America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 11.01- 20000 mAh: South & Central America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 12. Above 20001 mAh: South & Central America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 13.1-10000 mAh: South & Central America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 14.0-5000 mAh: South & Central America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 15. South & Central America Power Bank Market Revenue Share, By Battery Type (2022 and 2030)
Figure 16. Lithium-Ion Battery: South & Central America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
Figure 17. Lithium-Polymer Battery: South & Central America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
Figure 18. South & Central America Power Bank Market Revenue Share, By Indicator (2022 and 2030)
Figure 19. LED Lighting: South & Central America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
Figure 20. Digital Display: South & Central America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
Figure 21. South & Central America Power Bank Market Breakdown, By Application (2022 and 2030)
Figure 22. Smartphone: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 23. Wearable Devices: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 24. Laptop: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 25. Tablet: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 26. Digital Camera: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 27. Others: South & Central America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 28. South & Central America Power Bank Market, by Key Country Revenue, (2022) (US$ Mn)
Figure 29. South & Central America Power Bank Market Revenue Share, by Key Country, (2022 & 2030) (%)
Figure 30. Brazil South & Central America Power Bank Market, Revenue and Forecast to 2030 (US$ Million)
Figure 31. Argentina South & Central America Power Bank Market, Revenue and Forecast to 2030 (US$ Million)
Figure 32. Rest of SAM South & Central America Power Bank Market, Revenue and Forecast to 2030 (US$ Million)
The List of Companies – South & Central America Power Bank Market
o ADATA Technology Co., Ltd
o Anker Innovations Technology Co Ltd
o Lenovo Group Ltd
o Xiaomi Corp
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