Power Bank Market To Garner Immense Returns with Revenue $27.8 Billion By 2027

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Over the past few years, smartphones have gained traction owing to the availability of user-friendly models coupledwith integration of advanced features in smartphones and tablets. These devices are used for social media, onlineshopping, mobile banking, ordering food and other activities which leads to high consumption of data as well asbatteries, thereby, expected to drive the power bank market growth. However, smartphone manufacturers are strivingto improve their battery capacity which is expected to hinder the market growth to some extent.Browse Full Research Report @https://www.millioninsights.com/industry-reports/global-power-bank-marketFurther key findings from the report suggest:• The online distribution channel segment is projected to witness significant growth during the forecast period due togrowing penetration of e-commerce, especially in emerging regions.• In 2019, electric segment held the largest market share in terms of revenue, wherein the solar segment is projected togrow with the higher CAGR over the forecast period due to increasing demand for energy-efficient consumer electronicsdevices.• Online retail channel is gaining traction among consumers due to the availability of multi-brand along with offers anddiscounts.• In battery types, lithium-ion battery segment is anticipated to grow with the faster CAGR over the forecast period, as itreduces harmful gas emission and have the high energy density.• Countries such as Mexico, India, China, Japan and U.S. are expected to witness substantial growth in the next fewyears due to robust industrial development.
• Microsoft Corporation; Ambrane India Private Limited.;Panasonic Corporation; Sony Corporation; AsusTeK ComputerInc.; Anker Technology Co.; Beijing Xiaomi Technology Co. Ltd.; Lenovo Group Ltd.; and Intex Technologies are keyplayers operating in this industry.Million Insights has segmented the global power bank market on the basis of capacity range, distribution channel,battery type, energy sourc and region:Power Bank Capacity Range Outlook (Revenue, USD Billion, 2016 - 2027)• Up to 3,000 mAh• 3,001 mAh-8,000 mAh,• 8,001 mAh-20,000 mAh• Above 20,000 mAhPower Bank Energy Source Outlook (Revenue, USD Billion, 2016 - 2027)• Electric• SolarPower Bank Battery Type Outlook (Revenue, USD Billion, 2016 - 2027)• Lithium-ion• Lithium PolymerPower Bank Distribution Channel Outlook (Revenue, USD Billion, 2016 - 2027)• E-commerce• Brick and MortarPower Bank Regional Outlook (Revenue, USD Billion, 2016 - 2027)• North America• U.S.• Canada• Mexico• Europe
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Power Bank Market To Garner Immense Returns with Revenue $27.8 Billion By 2027

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