Bharat Book Bureau Provides the Treding Market Research Report on "Global Power Bank Market- By Battery Type (Lithium-Ion (Li-Ion) Battery, Lithium Polymer (Li-Polymer) Battery), By Unit of USB Port (1 USB Port, 2 USB Ports, More than 2 USB Ports), By Indicator (LED Lighting, Digital Display), By Capacity (1,000–5,000 mAh, 5,001–10,000 mAh, 10,001–15,000 mAh, 15,001–20,000 mAh, Above 20,001 mAh), By Application (Smart Phone, Tablet, Laptop, Portable Media Device, Wearable Device, Digital Camera, Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027" under Electronics Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.
The Global Power Bank Market is emerging due to the rising penetration of smartphones and limited battery capacity.
The Global Power Bank Market expected to increase market value by USD 23.76 billion with an escalating CAGR in the forecast period from 2020-2027. The bolstering demand for the global power bank market is emerging due to the increasing prevalence of smartphones, rising digital applications, the advent of technology, and the limited battery capacity of smartphones and other smart gadgets.
The rising technology advancement has fueled the penetration of smartphones, tablets, and other devices. Also, with the increasing demand for IoT services, wireless technology, and artificial intelligence associated with smartphones are reducing the battery capacity. Thus, it drives the use of the power bank market across the world.
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Battery Type overview in the Global Power Bank Market
Based on the battery type, the global power bank market segmented into Lithium-Ion (Li-Ion) Battery, Lithium Polymer (Li-Polymer) Battery. The lithium-ion battery segment estimated to dominates the maximum share of the global power bank market. The lithium-ion batteries are safer, lower self-discharge, and coupled with cost-effective and little maintenance required. Therefore, it is used in power banks to provide high energy-density to charge the device faster.
Unit of USB Port overview in the Global Power Bank Market
Based on a unit of USB port, the global power bank market classified into 1 USB Port, 2 USB Ports, More than 2 USB Ports. The more than 2 USB port segment contributes the largest share in the global power bank market. It is mainly due to the high-charging capacity in more than 2 USB ports that provide safe technology protection and the fastest charging to multiple devices.
Indicator overview in the Global Power Bank Market
Based on the indicator, the global power bank market attributed to LED Lighting, Digital Display. The digital display segment dominates the most significant part of the global power bank market. The digital display used to show the remaining battery status, charging speed, helps the user charge the power bank with a lower battery.
Capacity overview in the Global Power Bank Market
Based on the capacity, the global power bank market classified into 1,000–5,000 mAh, 5,001
10,000 mAh, 10,001–15,000 mAh, 15,001–20,000 mAh, Above 20,001 mAh. The 15001-20,000 mAh capacity segment will dominate the market demand for the global power bank market. The battery capacity of mobile devices and notebook computers has increased, and high-capacity mobile power sources are required to charge these devices.
Application overview in the Global Power Bank Market
Based on the application, the global power bank market categorized into Smart Phone, Tablet, Laptop, Portable Media Device, Wearable Device, Digital Camera, Others. The smartphone segment dominates the market share for the global power bank market. The rising smartphone penetration and its increasing uses have surged the dependence on it. Thus, the power bank is majorly used for charging smartphones.
Region overview in the Global Power Bank Market
Based on geography, the global power bank market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is the world's fastest-growing global power bank market, accounting for the largest share. The rising disposable income and increasing technological advancement and the adoption of consumer electronic devices have fueled the passage of power banks in the European region.
Global R Power Bank Market: Competitive Landscape
Companies such as Anker Innovations, AUKEY, Xiaomi, ADATA, RAVPower, GRIFFIN, Lenovo, mophie, AMBRANE, INTEX, and others are key players in the global power bank market.
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