Power Bank Market to Grow at a CAGR of 7.43% From 2021-2026
Increase in power consumption of electronic devices and use of the internet, inadequate battery capacity of smartphones and other portable consumer electronic products among others are anticipated to be the driving factors for the growth of the Global Power Bank Market. According to TechSci Research report, “ Global Power Bank Market By Battery Type (Lithium-Ion (Li-Ion) Battery, Lithium Polymer (Li-Polymer) Battery), By Capacity (Up to 3,000 mAh, 3,0001 mAh-8000 mAh, 8,001 mAh-20,000 mAh, Above 20,000 mAh), By Application (Smart Phone, Tablet, Laptop, Portable Media Device, Digital Camera) By Region (North America, Europe, APAC, South America, MEA), Competition Forecast & Opportunities, 2016 – 2026’’ , the Global Power Bank Market is projected to grow from USD10.98 billion in 2020 to USD17.25 billion by 2026 with a growth rate of 7.43%. Increasing internet-related services through smartphones and tablets, declining price of power banks, frequ...