Industry: Retail and Consumer | Publish Date: 03-Dec-2024 | No of Pages: 80 | No. of Tables: 132 | No. of Figures: 97 | Format: PDF | Report Code : RC1503
Thailand Power Bank Market size was valued at USD 40.99 million in 2023, and is predicted to reach USD 48.76 million by 2030, with a CAGR of 2.1% from 2024 to 2030.
The power bank industry is dedicated to designing, manufacturing, and distributing portable charging devices. These devices, typically equipped with lithium-ion or lithium-polymer batteries, are engineered to store electrical energy and provide on-the-go charging for many portable electronic devices such as smartphones, tablets, digital cameras, and laptops. The industry has evolved rapidly, responding to the increasing reliance on mobile devices and the consequent need for portable power solutions.
The advantages of power banks are numerous and significant. Their primary benefit lies in their portability, allowing users to charge electronic devices without a stationary power source. This feature mainly benefits people who travel frequently or engage in outdoor activities. Moreover, power banks are designed to be compact and lightweight, enhancing their convenience.
Additionally, modern power banks are available in various capacities, enabling them to store enough energy to charge multiple devices or provide several charges to a single device, which is especially useful during extended periods away from traditional power sources. However, the environmental impact of these devices, particularly the production and disposal of lithium batteries, is a concern, necessitating proper recycling and disposal methods to minimize their ecological footprint.
A key driver for the power bank market is the surge in investment within Thailand's electronics sector. In the first half of 2021, the industry witnessed a significant boost, with 77 projects attracting a total investment of USD 1.8 billion.
This substantial influx of capital demonstrates a keen interest in propelling technology and innovation within the Thai electronics sector. This investment trend suggests that the Thai market is poised to see advancements in power bank technology, responding to the global demand for more efficient and high-capacity charging solutions.
The online retail sales growth in Thailand is another pivotal factor boosting the power bank market. The Thai e-commerce market is projected to grow by 1.8% in 2023, contributing to a global growth rate of 8.7% in the same year.
Notably, the electronics segment significantly contributes to this growth, accounting for 23.8% of the Thai e-commerce revenue. This prevalence of electronics in online retail indicates a strong consumer preference for purchasing electronic products, including power banks, through digital platforms.
The growth of the power bank market is being hindered by its environmental impact, primarily stemming from the production and disposal of lithium batteries. The manufacturing process of lithium-ion batteries involves toxic metals and significant energy consumption, leading to greenhouse gas emissions.
Growing technological innovations in battery technology, particularly with the development and incorporation of graphene batteries is poised to create ample opportunities for the power bank market in the future. Graphene, known for its superior conductivity exceeding that of copper, is emerging as a revolutionary material in the field of energy storage and transmission. The application of graphene in power bank technology significantly enhances their potential, distinguishing them from traditional lithium-ion counterparts. Graphene-based power banks demonstrate a markedly extended lifespan, a pivotal attribute for consumer electronics.
This technological evolution is not only expected to elevate the performance standards of power banks but also introduces an element of sustainability and cost-effectiveness. The integration of graphene batteries is thus not merely an advancement in battery technology, but also represents a paradigm shift in the power bank market, setting new benchmarks for efficiency, sustainability, and user convenience.
The Thailand Power Bank industry includes several market players such as Anker Innovations Co. Ltd., Xiaomi Corporation, Samsung Electronics Co., Ltd., Guangdong Oppo Mobile Telecommunications Corp., Ltd. (Realme, OnePlus), Lenovo Group Limited, Zagg Inc. (Mophie), Belkin International, Inc., Ambrane Thailand Pvt Ltd., Baseus, Veger Power Inc.
Thailand Power Bank Market Key Segments
Up to 5,000 mAh
5,001 to 10,000 mAh
10,001 to 20,000 mAh
Above 20,000 mAh
Lithium-Ion (Li-Ion)
Lithium-Polymer (Li-Po)
Mini Power Banks
Compact Power Banks
Large High-Capacity Power Banks
Magsafe or Wireless Charging Support
Standard Charging Support
By Number of Ports
1 to 2 Ports
3 to 5 Ports
More than 5 ports
By Design
Standard Power Banks
Rugged Power Banks
Power Banks with Display Technology
Power Banks without Display Technology
Universal Power Banks
Device-Specific Power Banks
Less than 15W
15-65W
66 to 200W
More than 200W
E-commerce or Online
Offline
Anker Innovations Co. Ltd.
Xiaomi Corporation
Samsung Electronics Co., Ltd.
Guangdong Oppo Mobile Telecommunications Corp., Ltd. (Realme, OnePlus)
Lenovo Group Limited
Zagg Inc. (Mophie)
Belkin International, Inc.
Ambrane India Pvt Ltd.
Baseus
Veger Power Inc.
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 40.99 Million |
Revenue Forecast in 2030 |
USD 48.76 Million |
Growth Rate |
CAGR of 2.1% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |