Power Bank Market by Capacity Range and Technology worth USD 17.8 Billion by 2020, at a CAGR of 23.1%. - PowerPoint PPT Presentation

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Power Bank Market by Capacity Range and Technology worth USD 17.8 Billion by 2020, at a CAGR of 23.1%.

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Power banks enable consumers to charge their electronic devices such as smartphones, tablets, and other portable media devices which have USB capability. The technology used in smartphones and tablets is developing rapidly; however, their batteries still have limited capacities, which has led to the demand for portable sources of power such as power banks. The power bank market is expected to reach USD 17.8 Billion by 2020, and is expected to grow at a CAGR of 23.1% between 2015 and 2020. – PowerPoint PPT presentation

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Title: Power Bank Market by Capacity Range and Technology worth USD 17.8 Billion by 2020, at a CAGR of 23.1%.


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MarketsandMarkets Presents
Power Bank Market by Capacity Range and
Technology worth USD 17.8 Billion by 2020, at a
CAGR of 23.1.
http//www.marketsandmarkets.com/Market-Reports/po
wer-bank-market-127595596.html
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According to the new market research report
"Power Bank Market by Capacity Range (500mAh to
Above 1500mAh), Number of USB Port, Energy
Source, Technology (Lithium-ION and
Lithium-Polymer), Application (Smartphones,
Tablets, and Portable Media Devices), and by
Region - Global Forecast to 2020", the power bank
market is estimated to reach USD 17.8 Billion by
2020, at a CAGR of 23.1 between 2015 and
2020. Browse 70 market tables and 63 figures
spread through 146 pages on "Power Bank Market -
Global Forecast to 2020 http//www.marketsandmar
kets.com/Market-Reports/power-bank-market-12759559
6.html
             

     
          
          
              

     
          
          
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Power banks enable consumers to charge their
electronic devices such as smartphones, tablets,
and other portable media devices which have USB
capability. The technology used in smartphones
and tablets is developing rapidly however, their
batteries still have limited capacities, which
has led to the demand for portable sources of
power such as power banks. The power bank market
is expected to reach USD 17.8 Billion by 2020,
and is expected to grow at a CAGR of 23.1
between 2015 and 2020. The usage of electronics
devices such as smartphones, tablets, and others
has increased exponentially in the last three to
four years however, battery technology in terms
of capacity has not evolved at the same rate.
Increasing processing power of devices, growth
of digital content, and shift towards 3G and 4G
networks typically consumer battery power at a
higher rate. This has led to the demand for a
portable source of power, also known as power
banks. The power bank market has been segmented
based on the capacity range, number of USB port,
source of energy, technology, application, and
region. The market size of power banks with a
capacity range between 500mAh and above 15000mAh
has been estimated and included in the report.
Power banks with a
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wer-bank-market-127595596.html
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lower capacity are the least preferred by
consumers as they do not meet the higher battery
requirement. Power banks with a capacity range
between 9500mAh and 12499mAh hold a high market
share and are expected to dominate the market
during the forecast period. This market expected
to grow at a CAGR of 24.2 between 2015 and 2020.
However due to the increase in processor speed
and growing digital content, consumers are
looking for power banks with a higher capacity.
Therefore, the market for power banks with a
capacity of more than 12499 mAh is expected to
grow at a high CAGR between 2015 and 2020.
Currently, power banks with a higher capacity are
available at a higher cost than those with a
lower capacity. The huge growth potential of the
studied market has encouraged many companies
develop power banks. Companies such as Microsoft
Co. (U.S.), Xiaomi (China), and Oneplus (China)
have recently launched various power banks in the
market. Recently, Microsoft launched a power bank
with a capacity of 5200mAh, 9000mAh, and 12000mAh
at a retail price of USD 35, USD 45, and USD 55
respectively. This report provides a detailed
market overview which includes various factors
such as drivers, restraints, opportunities, and
challenges with regards to the
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wer-bank-market-127595596.html
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power bank market. Some of the drivers for the
power bank market include the increase in demand
for smart phones, decline in the prices of power
banks, and increasing power consumption due to
large-scale digitization. Factors which are
restraining the growth of the studied market
include improvements in terms of batteries, poor
quality of power banks, and implementation of
wireless charging in smartphones. Introduction of
solar and hydrogen cell based power banks is
expected to create a huge growth opportunity for
the power bank market. The presence of a large
number of players and lack of a proper disposal
infrastructure is acting as a major challenge for
the power bank market. Asia-Pacific dominates
the market for power banks and is expected to
maintain its position during the forecast period.
The majority of the power bank and battery
manufacturers are located in the Asia-Pacific
region. Companies involved in the development of
power banks include Advantage Computers (I) Pvt.
Ltd. (India), Anker. (U.S.), Microsoft
corporation (U.S.), Mophie Inc. (U.S.), OnePlus
(China), Panasonic Corporation (Japan), Sony
Corporation (Japan), uNu Electronics INC. (U.S.),
and Xiaomi Technology Co., Ltd (China). Companies
involved in the development of batteries used in
power banks include China BAK Battery, Inc.
(China), LG Chem Ltd. (South Korea)
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