Press release
Portable Battery Pack Market to reach US$ 13.7 Bn by 2024
Portable Battery Pack Marke Report overview @ https://www.persistencemarketresearch.com/market-research/portable-battery-pack-market.asp
The major findings of the report states that the customers are likely to remain more attractive to the power banks with large storage capacity. Further, the report reveals that an estimated 200 Mn units of the power banks with 5000 to 7500 mAh capacity were globally sold in the year 2016. Also, it is forecasted that demand for power banks in foreseeable period is likely to increase at high growth rate, leading market players to increase their product range for 7500 to 10000 mAh as well as more than 10000 mAh capability power banks. More than 10000 capacity power banks are likely to be sold at faster rate by the end of forecast period throughout the world.
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According to their prevalence nowadays, Lithium-ion (Li-ion) power banks are likely to retain its dominance throughout the forecast period, owing to high preference by consumers. Li-ion battery efficiency in transmitting power and charging is anticipated to keep influencing the growth of the global Li-ion power battery packs market. The report forecasts that by the end of forecast period every 2nd power bank, which will be traded will be armed with Li-ion battery. Further, Li-ion battery traction is likely to be contested with increasing inclination towards power banks with Lithium-polymer (Li-polymer). It is anticipated that by the end of forecast period, almost 500 Mn entities of Li-polymer power banks will be sold across the world.
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In terms of revenues, over two-third share of the global power bank market collected between 2016 and 2025, is likely to be procured by mobile phones and smartphones. Importance of mobile phones compared to any other multimedia devices will be less cease in foreseeable period. Number of leading smartphone and mobile manufacturers have entered in the power bank market, with a goal to particularly serve to their consumers. The tablets will follow the mobile phones. They was the second leading products that used of power banks in the year 2016. The power banks uses by means of tables was 150 Mn units in the year 2016. The report assesses the global power bank market revenues will be majorly accounted by Tablets
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