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Built-in Batteries in Digital Devices & Mobile Phones Spurs Power Banks Market

Press release Description

Albany, New York, January 8, 2019: In the past decade or so, phone bank has transitioned from being a simple combination of a control unit to more complex ones with functions such as LED flashlight and WIFI. The demand for availability of power banks has bolstered on the back of pervasive smarter smartphone, laptop, notebook, tablet and other affordable web enabled mobile devices. Power bank began to drive significant growth due to the primary source in digital devices and mobile phones being built-in batteries.

Given the prevalence of intense competition, manufacturers are always looking for product innovation which has led to the availability of premium quality power banks at a reasonable price. These aforementioned insights are according to the report titled, “Power Banks Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” incorporated in the exhaustive repository of Market Research Reports Search Engine (MRRSE), recently.

There is considerable rise in the use of gadgets and portable devices along with the increase in demand for convenient charging solutions which have triggered the demand for power banks in the market. Having said that, advent of smartphones with impressive battery capacity and enhanced energy-efficient chipsets are inhibitors for the growth of power banks.

The way devices are charged has not changed since the beginning of mobile phones. The future of mobile charging will be wireless and keeping smartphone charged will be easier. Lately, charging 5000mah battery completely in mere 5 minutes by power bank has turned into reality.

Power Banks Market: Report Content

The report offers an exhaustive analysis on the power banks market through qualitative and quantitative assessment. Further, the report sheds light on the drivers, opportunities, trends and restraints which have considerable impact on the growth of power banks market. The report does the assessment of the market through segregation on the basis of product type, power rating, battery type, port type, price range, distribution channel and geography.

The final section of the report includes competitive landscape of the power banks market with a dashboard view, thereby providing analysis on the product portfolio, strategies, major differentiators, company overview and financial overview. This section also includes the market share analysis and competition matrix to offer a comprehensive analysis of the prominent players in the power banks market. Some of the prominent companies incorporated in the report are Goal Zero Corporation, Anker Technology Co. Limited, Sony Corporation, Samsung Electronics Co. Ltd., and Panasonic Corporation, among others.

Power Banks Market: Research Methodology

The research methodology in this report includes primary sources, secondary resources and assessment from expert panel for the forecast period 2018-2026. Primary sources encompass telephonic interviews, e-mail interactions and face to face interviews. Whereas, the secondary sources incorporate annual reports, national government documents, company websites, SEC filings, investors’ presentation, world bank database, internal and external proprietary database, market reports, industry white paper, regulatory database and statistical database. With the view to furnish readers with unbiased and authentic report, expert panel rigorously assesses the report.  The analysis of revenue forecast has been done on the basis of absolute dollar opportunity analysis. Further, market estimates has been assessed on the basis of political, economic, social, technological and legal factors. The analysis of the market has been done taking into account Porters’ Five Forces Analysis and value chain analysis.

Browse Full Global Power Banks Market Report with TOC :

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