Power bank refers to a portable charger that supplies power using an in-built battery to charge various portable electronic devices. These batteries can be manufactured using Li-ion or Li-polymer. Power banks use electric power grids or solar energy to charge these devices. The electronic devices that can be charged using power banks include smartphones, tablets, digital cameras, portable media devices, and laptops. The power bank market is expected to be valued at USD 25.16 billion by 2022, growing at a CAGR of 21.2% between 2017 and 2022. The factors driving the growth of the market include the increasing usage of smartphones and tablets, decline in the prices of power banks, advancements in technology, and electric outage in certain countries.

https://www.marketsandmarkets.com/Market-Reports/power-bank-market-127595596.html

Beijing Xiaomi Technology Co., Ltd. (China), Lenovo Group Ltd. (China), Microsoft Corp. (US), Panasonic Corp. (Japan), and Sony Corp. (Japan) are some of the leading players in the power bank market.  New product launches have emerged as the key strategy adopted by the major players to gain a competitive edge in the market.

Microsoft Corp. is one of the leading players in the power bank market. The company invests heavily in R&D, which enables it to launch advanced products in the market. It focuses on the market in the US to generate revenue. After the acquisition of Nokia Corporation (Finland), the company launched its first power bank DC-21 in October 2014, under the brand name Microsoft. The developing countries offer vast opportunities for the company to grow and expand its geographical reach. This would eventually help the company increase its market presence.

Sony Corp. is one of the well-known companies for portable chargers. The company has strong geographical presence and has ~70% of its business outside Japan; this helps it in generating more revenue from across the world. The company’s power banks are widely used for smartphones, digital cameras, media players, tablets, and camcorders. Sony invests heavily in R&D to design products and explore new opportunities in the market, which is driving its growth and profitability. For instance, in September 2016, Sony launched the CP-SC10 portable charger. It features 2 USB Type-C ports, which enable the device to charge at a faster rate. This power bank incorporates the company’s proprietary hybrid-gel technology that retains ~90% of the battery power after a usage of up to 1,000 times.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=127595596

The other companies operating in the power bank market include ADATA Technology Co., Ltd. (Taiwan); AsusTek Computer Inc. (Taiwan); Ambrane India Pvt. Ltd. (India); Anker Technology Co., Ltd. (US); Intex Technologies (India); OnePlus Technology (Shenzhen) Co., Ltd. (China); and uNu Electronics Inc. (US) Ltd. (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441