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Rising Adoption of Wireless Headsets Necessitates Robust Power Bank Demand by 18% CAGR through 2029Power Bank Industry to Witness a Boom with Increased Affordability of Smartphones and Trend of Wireless Accessories Fact.MR's latest report on the power bank market provides a 10-year forecast through 2019 & beyond. The report further explicates crucial dynamics such as drivers, challenges, and opportunities shaping the market. To present the information in a vivid way, the report is segmented into capacity, energy source, battery type, distribution channel, and region. NEW YORK, Aug. 24, 2022 /PRNewswire/ -- The global power bank market is expected to grow at a staggering 18% CAGR between 2019 and 2029. As per the study, sales in the power bank market are expected to surge by 5.3x over the forecast period.  Growing prominence of numerous mobile apps and social media platforms has increased the amount of time people spend on their phones, thereby driving the demand for power banks. Owing to rising sales of portable mobile devices like smartphones and tablets, the need for mobile phone accessories, including power banks, is expanding steadily. Moreover, increased affordability of smartphones due to price reductions, product or technology improvements and portfolio diversification are anticipated to augur well for the global market. Surging popularity of wireless power banks that eliminate the requirement of cables to charge electronic devices and promote hassle-free charging capability would also spur the market. For Critical Insights on this Market, Request for More Info at: https://www.factmr.com/connectus/sample?flag=S&rep_id=4687 Demand for power banks is growing at a fast pace with the rising use of smartphones, tablets, notepads, and other accessories like digital watches and headphones. As per the India Brand Equity Foundation (IBEF), the country's headset market revenue is anticipated to reach US$ 77 Million by 2027 on the back of rising demand for wireless headsets. It is further expected to propel the need for advanced power banks with fast-charging capacities. Emergence of new technologies like the Internet of Things (IoT), artificial intelligence, and mixed reality, together with the widespread use of the internet, have fueled the introduction of new technologically advanced power banks. In August 2022, for instance, Anker launched MagSafe Power Bank ahead of the introduction of iPhone 14. The new product has a 5,000mAh internal battery that can offer 7.5W speeds over the magnetic wireless charging pad. It can be purchased directly from Amazon and is priced at US$ 49.99. Thus, increasing number of new product launches by prominent companies and start-up firms worldwide would drive the market. Key Takeaways:
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To Gain In-Depth Insights on Power Bank Market, Request Methodology at https://www.factmr.com/connectus/sample?flag=RM&rep_id=4687 Competitive Landscape Key market participants are focusing on launching new products to provide enhanced devices to their customers and broaden their businesses across the globe. Some of the other companies are aiming to engage in collaborations with local firms to expand their foothold in emerging economies. For instance,
Key Companies Profiled by Fact.MR
More Valuable Insights on Power Bank Market In the latest study, Fact.MR offers a detailed study on the global power bank market for the forecast period of 2019 to 2029. This study also highlights key drivers promoting the sales of power banks through detailed segmentation as follows: By Capacity:
By Energy Source:
By Battery Type:
By Distribution Channel:
By Region:
Get Customization on this Report for Specific Research Solutions https://www.factmr.com/connectus/sample?flag=RC&rep_id=4687 Key Questions Covered in the Power Bank Market Report
Explore Fact.MR's Coverage on the Consumer Electronics Domain USB Wall Charger Market: The USB wall charger market is anticipated to be worth US$ 1,580 Million in 2022 and reach US$ 2,931 Million in 2032. Digitalization has increased the use of various electronic devices, which is predicted to raise the need for USB devices that support rapid charging. Gaming Hardware Market: The global gaming hardware market is anticipated to grow at a CAGR of 4.6% during 2022-2032 and reach US$ 56.8 Billion by the end of 2032. Rising incorporation of artificial intelligence and machine learning in gaming infrastructure is likely to augment the market. Wearable Gaming Accessories Market: Fact.MR predicts that the market for wearable gaming accessories would reach US$ 3.4 Billion in 2022. Rising adoption of smartphones, surging development of innovative games, and strong supply chain networks of renowned companies across developed countries are anticipated to bode well for the market. Automotive Turbocharger Market: The global automotive turbocharger market was valued at US$ 11.2 billion in 2021. Demand for automotive turbochargers is predicted to increase at a high CAGR of 7.6% from 2022 to 2031. Portable Device Charging Kiosks Market: The market for portable device charging kiosks in Europe holds a market share of 23.3% in 2022 and stands at a total valuation of US$ 37 million. Companies can also focus on launching new wireless charging solutions as the popularity of wireless charging increases among consumers. Check it Out More Reports by Fact.MR on Consumer Goods Industry https://www.factmr.com/industry/consumer-goods About Fact.MR Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines. Specialties: Competition Tracking, Customized Research, Syndicated Research, Investment Research, Social Media Research, Business Intelligence, Industry Analysis, Thought Leadership. Contact: Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg 
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