Lithium-ion Battery Emboldens Superiority of Power Bank; Market Valued at over USD 4,100 Million in 2018

The size of the electronic devices has shrunk from macro to micro and transformed to nanometer scale with the development of semiconductor technology. The notion of being able to charge cell phones on the go has been viable and with the plunging price of smart phones, their utility has propelled. The current smart phones have incredibly large storage capacity and the alikeness with regards to apps linked with them soaring rapidly. The rechargeable power banks are growing considerably for augmenting the operation duration of mobile phones and portable electronic gadgets. These excerpts are according to the intelligence report, titled, “Power Bank Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027,” which has been freshly incorporated in Market Research Hub’s (MRH) exhaustive repository. Segment-wise, portable power banks were dominant in 2018 and with the growth rate of over 6%, it was valued at over USD 4,100 million. Meanwhile, the 5000 mAh – 12,000 mAh segment revealed impressive growth rate in the same year. On the other hand, owing to easy availability, lithium-ion battery rules the roost. The lithium-ion battery is an ideal technology to fit with almost all portable consumer electronic devices, including power banks. When it comes to cycle life, operating potential, weight, foot print, the electrochemical characteristics of the lithium-ion battery have bolstered their superiority. Commercial availability of large capacity power banks emboldened with features such as wireless charging, dual output ports, and torch, solar have ushered the growth in the power bank market.

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Power Bank Market: Report Content
Qualitative and quantitative analysis underpin the robust and in-depth report on the power bank market. Further, the report focuses on dynamics in the market which are expected to have the impact in the development of the power bank market, including drivers, restraints, trends, and opportunities. In addition, the report also sheds light on segregation to reveal an exhaustive analysis of the power bank market.
The report also delineates executive summary and overview section, thereby providing deep dive analysis on the power bank market. In addition, the overview section peruses on PESTLE analysis, supply chain analysis, value chain analysis and pricing analysis to throw light on the power bank market.
The report also includes benchmarking to assess the performance of the products and business processes with the praise worthy performances of rival companies both inside and outside the industry in the quest for better performance.
The dynamic analysis of the competitive scenarios of the power bank market depends upon Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis aptly concentrates on the likely strategies of the major players in the power bank market. Nevertheless, the business strategies are backed up company profile, product portfolio, SWOT analysis, and recent development.

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Power Bank Market: Research Methodology
The report on power bank market swears by primary sources and secondary sources which provide deep dive analysis and include unbiased and authentic sources. The report relies upon primary research that was underpinned by telephonic interview, veracious and authentic analysis from pundits, and in-depth assessment from seasoned analyst, and surveys. On the other hand, the secondary research includes EC filing, press release, governmental websites, Factiva, resourceful database, and trade journals.

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