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Power Bank Market - Global Forecast to 2024DUBLIN, Nov. 8, 2019 /PRNewswire/ -- The "Power Bank Market 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), Units of USB Port, Indicator, Battery Type, Application (Smartphone, Tablet, Wearable Device), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering. The Global Power Bank Market Size is Expected to Grow at a CAGR of 10.8% from 2019 to 2024, Reaching USD 17.9 Billion by 2024 from USD 9.5 Billion in 2018. Growing adoption of wearable devices is propelling the growth of the power bank market Digital display indicator segment to grow at significant CAGR during the forecast period Power banks with digital displays are expected to witness significant growth during the forecast period. Power banks with digital displays are relatively efficient as they display battery levels in numerals, thus making them easier to read and interpret. The digital display shows accurate charging status and battery level. Power bank market in APAC to witness the highest growth rate in the coming years The power bank industry in APAC is expected to grow at the highest CAGR from 2019 to 2024. The market in APAC has the presence of prominent players that offer power banks at a low price, making them affordable for customers. Increasing demand for smartphones and other portable consumer electronic devices in countries such as China, Japan, South Korea, and India is driving the market for power banks in APAC. Also, increasing per capita income in developing countries in the region as well as improving the standard of living have led to the growing demand for smartphones and the rising popularity of wearable devices. The report profiles the key players in the power bank market and analyzes their market rankings. A few prominent players profiled in this report include Anker Innovations (China), AUKEY (China), Xiaomi (China), ADATA (Taiwan), RAVPower (US), GRIFFIN (US), Lenovo (China), mophie (US), AMBRANE (India), and INTEX (India). Drivers
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For more information about this report visit https://www.researchandmarkets.com/r/k099r0 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/power-bank-market---global-forecast-to-2024-300954708.html SOURCE Research and Markets |