GCC Power Banks Market

GCC Power Banks Market Overview:

The GCC power banks market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. A power bank is a compact device designed for charging electronic gadgets, such as smartphones and tablets. It can range from pocket-sized to a large and high-capacity charger, depending on the power requirement. It is utilized as battery backup for devices with universal serial bus (USB) capability.

The increasing reliance on smartphones for communication and other purposes represents one of the key factors propelling the market growth in the GCC region. Moreover, leading players are introducing product variants that enable users to charge multiple devices simultaneously. These innovations are projected to facilitate the market growth in the region.

Power banks are portable, pocket-sized, and high-capacity battery charging devices that can recharge battery-powered gadgets wirelessly or through a universal serial bus (USB) port. These gadgets include razors, smartphones, tablets, and flashlights. A power bank helps to keep electronic devices recharged during emergencies, are convenient to use, and is available in affordable variants

The GCC power banks market is primarily being driven by the widespread utilization of smartphones and tablets. Rapid expansion in the consumer electronics sector is further acting as a growth-inducing factor in the market. Besides this, the advent of wireless charging technology is creating a positive outlook for the market further across the region. 

GCC Power Banks Market Segment Insights:

The GCC power banks market has been analysed as followed:

Segmentation by Product Type:

• Portable Power Banks
• Solar Power Banks
• Battery Cases

Segmentation by Battery Type:

• Lithium-Ion
• Lithium-Polymer

Segmentation by Power Ratings (Capacity):

• Below 3,000 mAh
• 3,001 mAh – 8,000 mAh
• 8,001 mAh – 20,000 mAh
• Above 20,000 mAh

Segmentation by Application:

• Smartphones
• Tablets
• Portable Media Devices
• Others

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Power Banks Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC power banks market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.