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Power Bank Market is anticipated to Reach USD 27.75 Billion, Expanding at a CAGR Of 18.4% by 2018 - 2025

The global power banks market size is anticipated to reach USD 27.75 billion by 2025 expanding at a CAGR of 18.4% during the forecast period.

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Power Bank Market is anticipated to Reach USD 27.75 Billion, Expanding at a CAGR Of 18.4% by 2018 - 2025

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  1. Power Bank Market is anticipated to Reach USD 27.75 Billion, Expanding at a CAGR Of 18.4% by 2018 - 2025 “The global power banks market size is anticipated to reach USD 27.75 billion by 2025 expanding at a CAGR of 18.4% during the forecast period.” The global power banks market size is anticipated to reach USD 27.75 billion by 2025 expanding at a CAGR of 18.4% during the forecast period, according to a new report by Grand View Research. Currently, power banks are one of the essential mobile accessories. Increasing demand for power banks and intense competition in the market has led to a reduction in their prices. This is expected to help boost the market growth over the coming years. Rising use of internet and insufficient battery capacity of smartphones and other mobile consumer electronic products are the key factors driving the growth in sales of power banks globally. Growth in GDP, increased consumer purchasing power, and improved living standards are propelling the growth of the electronics market, which, in turn is driving the power banks market. The 8,001 mAh-20,000 mAh capacity range segment is expected to register the highest CAGR over the forecast period owing to the capacity of these power banks to charge a device multiple times. The Asia Pacific region led the market in terms of revenue in 2017.Factors, such as growing population and rising penetration of e-commerce in the electronics industry, are augmenting the demand for power banks in Asia Pacific. Thus, the region is expected to witness a significant gain in revenue share over the forecast period. The lithium-ion battery segment held the largest market share in 2017.Lithium-ion batteries offer numerous advantages, such as relatively low self-discharging, high energy density, and low maintenance. Request A Sample Copy Of This Report at: https://www.radiantinsights.com/research/power-bank-market/request-sample Follow Us:

  2. Further key findings from the study suggest: The online distribution channel segment is expected to witness substantial growth over the forecast period owing to the growing number of internet users The electric power banks segment accounted for the largest market share in 2017 However, the solar power banks segment is expected to register the fastest CAGR from2018 to 2025 Countries including U.S., China, Japan, India, and Mexico are expected to witness considerable growth over the forecast period owing to robust industrial development and extensive urbanization Major companies in the global power banks market include Beijing Xiaomi Technology Co. Ltd.; Lenovo Group Ltd.; Microsoft Corporation; Panasonic Corporation; Sony Corporation; ASUS TeK Computer, Inc.; Anker Technology Co.; Intex Technologies; and Ambrane India Private Ltd. Browse Full Research Report at: https://www.radiantinsights.com/research/power- bank-market Table of Contents: Chapter 1 Research Methodology 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources 1.4 Information Procurement Chapter 2 Executive Summary 2.1 Power Banks - Industry Snapshot & Key Buying Criteria, 2014 - 2025 2.2 Industry Trends 2.2.1 Capacity Range 2.2.2 Distribution Channel 2.2.3 Energy Source 2.2.4 Battery Type 2.2.5 End User 2.2.6 Region Follow Us:

  3. Explore Other Reports of this category By Radiant Insights, Inc. at: • Audio Signal Transformers Market– https://www.radiantinsights.com/research/global-audio-signal-transformers-market- research-report-2018 • LED Digital Signage Market– https://www.radiantinsights.com/research/global-led- digital-signage-market-insights-forecast-to-2025 About Radiant Insights,Inc: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. Contact Details: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc 28 2nd Street, Suite 3036, San Francisco, CA 94105, United States Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Email: sales@radiantinsights.com Web: http://www.radiantinsights.com/ Visit Our Blog: http://industryinsightreport.blogspot.com Follow Us:

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