Camping Power Bank Market: Renewable Energy Segment Contributing Largest Share
 |
| Camping Power Bank Market |
The global Camping Power Bank Market is estimated to be valued at US$ 654.7 million in 2023 and is expected to exhibit a CAGR of 12.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Camping power banks are portable batteries that are used to charge electronic devices like campings, laptops, cameras, etc. while camping outdoors. They come with lithium-ion battery technology that allows for high energy density and compact size. They provide convenience and flexibility to users to stay connected at remote locations far from access to electricity.
Market key trends:
The camping power bank market is witnessing high growth due to the rising popularity of outdoor recreational activities. The increasing disposable income and changing lifestyle of people have boosted adventure and camping vacations. Additionally, almost every individual carries multiple electronic devices that require frequent charging. The non-availability of charging points at remote camping spots drives the demand for portable charging batteries. Furthermore, continuous innovation and product development such as improved battery life, multi-port charging, and integrated power strips are enhancing the functionality of camping power banks. The introduction of solar charging technology that provides an eco-friendly way to power these devices has also fueled their adoption rate.
Segment Analysis:
The global camping power bank market is segmented by product type, capacity, distribution channel, and region. Based on product type, the market is divided into portable power banks and solar power banks. The portable power banks segment dominate the market and accounts for around 75% share owing to their lightweight, compact size and easy portability feature.
Based on capacity, the market is categorized into below 3,000 mAh, 3,001-8,000 mAh, 8,001-20,000 mAh, and above 20,000 mAh. The 8,001-20,000 mAh segment dominates the market with highest market share as these power banks provides sufficient power to charge multiple devices and suit camping needs better.
Key Takeaways:
The global Camping Power Bank Market Size is expected to reach US$ 654.7 million in 2023. The market is projected to grow at a CAGR of 12.3% during the forecast period from 2023 to 2030.
On the basis of region, North America dominates the global camping power bank market and accounts for over 30% share of the overall market. The growth in the region is majorly driven by high outdoor recreation activities and increased consumer spending on camping gear.
Key players operating in the camping power bank market are Anker, Duracell, EcoFlow, Goal Zero, Jackery, MAXOAK, NEXPON, Omnicharge, ORYTO, OUTXE, Pisen, RavPower, Rockpals, Samsung, Suaoki, X-DRAGON, Zendure, RIVER, Crave, and Intova. Among these, Anker, EcoFlow and Jackery capture largest market share owing to their wide product portfolio and strong distribution channels.
Comments
Post a Comment