SOLAR POWER BANK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In September 2024, a report by Bloomberg New Energy Finance (BNEF) forecast a significant surge in global solar power installations, projecting 592 GW of solar PV installations. This anticipated growth is expected to positively impact the solar power bank segment, as more consumers seek portable solar charging solutions. BNEF is a leading research organization that provides insights and analysis on the energy transition and clean technologies.
• In July 2023, RAVPower, a leading brand known for its innovative portable charging solutions, announced a partnership with several prominent outdoor retailers. The collaboration aimed to promote RAVPower's latest solar power bank, which features a built-in flashlight and multiple charging options, making it an ideal companion for campers and hikers seeking reliable power on their adventures.
• In April 2023, BioLite, a company dedicated to providing innovative energy solutions for outdoor enthusiasts, announced a collaboration with various environmental NGOs to promote its solar power bank product line. This initiative focuses on sustainable energy solutions tailored for outdoor activities and emergency preparedness.
• In February 2023, UBON, a domestic consumer electronics brand known for its innovative mobile accessories, launched the PB-X35 transparent power bank. This device features a capacity of 10,000 mAh and incorporates advanced safety features such as short circuit and overheating protection. The PB-X35 is designed to provide a quick and safe charging experience.