Comprehensive Report on Global Power Bank Market by Knowledge Sourcing Intelligence
INTRODUCTION Global Power Bank Market is expected to grow at a CAGR of 17.30% over the forecast period to reach US$33.810 billion by 2021 from US$12.982 billion in 2015. Increasing processing power of devices, the growth of digital content, convenience, and shift towards 3G and 4G networks are the major factors propelling the growth of the Power Bank Market. By application, smartphones will witness the highest market growth, followed by tablets and portable media devices. In Europe and North America, power banks market is growing significantly owing to a large consumer base in these regions coupled with the rising demand for Lithium-Polymer power banks as they are lightweight and slim. APAC region is anticipated to witness the fastest market growth due to rising purchasing power and high social media engagement by consumers, increasing penetration of smartphones and tablets, and rising internet connectivity. The emergence of low-cost power banks and the presence of ...