Power Banks Market Expected to Reach Us$ 36.15 Bn in 2022, Globally

Power banks are external batteries that are portable and compact and can be used for charging laptops, tablets, MP3 players, or smartphones. Power banks are useful devices that can be used while traveling, when the batteries on mobile devices are exhausted. Power banks allow the storage of electrical energy for later use and can also be used to charge cameras, GPS systems, portable speakers, or other USB-charged devices.The global power bank market is expected to develop in terms of volume at a strong CAGR of 25.9% during 2014 to 2022. The growing use of the internet, particularly services such as video streaming, and mobile applications drains batteries faster. Hence, the use of power banks has increased globally.Technologically advanced consumer electronics devices are available at relatively low rates in regions where pricing is a deciding factor for sales. Hence, the increased sales of electronic devices is a major market driver for power banks.

Browse the full Power Banks Market (Portable Power Banks, Battery Cases, Solar Power Banks) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022 report at http://www.transparencymarketresearch.com/power-banks-market.html

Customized Power Banks with Advanced Features Boosting Market Expansion

Power bank manufacturers are creating products that complement the consumer’s lifestyle needs with such features as LCD displays and remote app control. Various types of power banks such as solar charged power banks, universal power banks, and customized power banks can match any configuration to suit the user’s particular needs. Smartphone companies are also increasingly partnering with OEMs and certifying power banks that meet their standards. All these factors are pushing the market for power banks across the world.

Segments of the global power banks market based on product type are portable power banks (excluding solar power banks), solar power banks, and phone charging cases (battery...