Solar Power Banks Industry - Environment friendly technology for Power: Industry Survey, trends and Forecasts 2023.
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Solar Power Bank Market: Drivers and Restraints
Solar power banks find wide range of applications such as charging of smartphones, laptop, tablets and other devices. The growth of smartphones, laptops and tablets market has generated the need for external energy storage devices for charging. The escalated use of internet with the availability of 3G and 4G services on smartphones and tablets has increased the consumption of battery at a faster rate, thus, driving the solar power bank market. Further, tourists or trekkers preferring to travel at distant places can rely on the solar power banks over the conventional power banks, as at times of emergencies solar power banks can be charged via sunlight. The rural areas in emerging markets such as Africa, Asia and Latin America pose good opportunities for solar power banks due to constraint of electricity supply in these regions.
However, the challenges such as low efficiency at night or cloudy days, may affect the trust of end consumers in the market. Since the launch of solar technology, the availability of sunlight in cloudy areas or at night times has been the major constraint for solar devices.
Compatibility with all the device brands is another challenge affecting the market of solar power banks. Moreover, solar power banks also face competition from existing electrically charged power banks. Manufacturers need to focus on overcoming these major challenges to gain competitive advantage over the existing and new manufacturers entering the market in coming years to explore the untapped opportunities in solar power bank market.
Solar Power Bank Market: Segmentation and Top Players
Depending on the application and the capacity of battery, solar power banks are designed and available in market with different capacity range. The solar power bank market is categorized by the capacity range offered by the solar power banks, which include 500 mAh to 3499 mAh, 3500 mAh to 6499 mAh, 6500 mAh to 9499 mAh, 9500 mAh to 12499 mAh, 12500 mAh to 15499 mAh and above 15500 mAh.
The key companies operating in solar power bank market include Anker., Advantage Computers (I) Pvt. Ltd., LG Chem Ltd, China BAK Battery, Inc., Mophie Inc., Microsoft Corporation, Panasonic Corporation, OnePlus, Sony Corporation, Samsung SDI Co. Ltd., UNU ELECTRONICS INC., Xiaomi Technology Co., Ltd, and Shenzhen Topband Co. Ltd
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.
The report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes:
Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
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