Power Bank Market Overview, Drivers and Growth Rate Analysis to 2022 “Power bank stores energy which can be used to recharge the device at a later stage when its battery gets drains off. A power bank, generally known as a battery charger, is a portable charging device, used to charge a wide range of electronics devices.�
The global power banks market is expected to witness substantial growth over the forecast. Batteries of electronic devices such as tablets, phablets, and smartphones tend to discharge at a faster rate owing to the rise in availability of digital content with a shift towards 3G & 4G networks. Power bank stores energy which can be used to recharge the device at a later stage when its battery gets drains off. A power bank, generally known as a battery charger, is a portable charging device, used to charge a wide range of electronics devices. It is used as a plug-in charger, back-up charger, or external battery for charging a rechargeable battery. Power banks are used to charge products including smartphones, tablets, MP3 players, smart watches, digital cameras, and laptops. The make and design of the power bank depends on the type of electronic device being charged. They are not one-time equipment and hence, can be recharged and re-used several times. Power banks capacity is measured in mAh (milliampere-hour); higher mAh indicates higher capacity a power bank has. Generally, lithium batteries are being used in power bank for their compact size, wide market reach and affordability. Additionally, lithium being an extremely reactive element can store energy very efficiently and can handle recharge cycles effectively. The most important part of power banks are the PCB board and the batteries. Presently, power bank batteries are categorized as polymer battery, cylindrical battery, and square aluminum case. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/power-banks-market The global power bank market has been segmented into number of USB ports, capacity range, and source of energy, application, technology, and region. Power banks which have lesser battery capacity in terms of mAh are preferred less than that having higher mAh rating. Power banks with a capacity range between 9000mAh and 12500mAh hold majority market share and are anticipated to dominate the market over the forecast period. Owing to the increase in digital content and processor speed, consumers are looking out for power a bank which has a higher capacity to fulfill needs. Therefore,