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Global Power Bank Market 2018-2023: Portable Power Banks, Solar Power Banks and Battery CasesDUBLIN, July 20, 2018 /PRNewswire/ -- The "Power Bank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering. The global power bank market exceeded a value of US$ 8.2 Billion in 2017 Power banks are gadgets which act as reservoirs for the battery backup, storing energy from the input source and venting it out as and when required. They have currently gained immense popularity across the world owing to the popularisation of digital products. This is also due to their distinct characteristics which include durability, portability, multiple sockets, fast charging, low cost, etc. In case of a prolonged power outage or an unstable electricity supply, power banks save the device from turning off. Digitalisation has made humans dependent upon various gadgets for a simpler and convenient life. A rapid demand for the compact electronic devices such as smartphones, tablets and laptops has boosted the growth of the global power bank market. Apart from this, the advent of 4G networks and consistent use of internet services have made these devices less efficient in terms of power consumption. This has created a huge demand for power banks across the world, thereby stimulatin the market growth. Furthermore, the introduction of power banks with solar and hydrogen cell is expected to broaden the growth prospects. Looking forward, the market value is projected to reach approximately US$ 26.4 Billion by 2023, registering a CAGR of more than 21.5% during 2018-2023. Market Summary:
The competitive landscape of the market has also been examined with some of the key players being
Key Topics Covered: Media Contact: Laura Wood, Senior Manager View original content:http://www.prnewswire.com/news-releases/global-power-bank-market-2018-2023-portable-power-banks-solar-power-banks-and-battery-cases-300684291.html SOURCE Research and Markets |