Increasing
use of on-the-go electronic devices drives the outrageous demand for
external batteries, enabling the power banks market to grow at a
whopping 25.9% CAGR from 2014 to 2022, states a new market study from
Transparency Market Research (TMR). The report, titled “Power Banks
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2014 - 2022”, states that the global power banks market,
valued at US$7.36 billion in 2013, is expected to be valued at
US$36.15 billion by 2022.By volume, in 2013, 334.2 million unit power
banks were shipped. In the same year, North America contributed the
largest revenue, accounting for almost 43% of the market, adds the
report.
Browse
the full Power Banks Market Report at
http://www.transparencymarketresearch.com/power-banks-market.html
Widespread
and growing use of electronics such as smartphones, laptops, tablets,
and other devices has led to increasing demand for external battery
sources. This is one of the main reasons cited for the growing demand
for power banks. Consistent advancement in broadband technology, with
the availability of 3G and 4G wireless services, is fostering demand
for electronics, which in turn is benefitting the power banks
market.In addition, consistent technological advancements in consumer
electronics combined with decreasing prices in price-sensitive
regions is augmenting growth of the power banks market.
Growth
of the e-commerce sector is regarded as a significant factor for the
expansion of the power banks market. Leading companies in the market
are focusing on strengthening their distribution channels to reach
out to remote locations. To leverage the opportunities available in
the power banks market, OEMs are developing low-cost products
manufactured mainly in regions that have low labor costs and adopting
multichannel retailing to reach out to a large number of
consumers.According to the report, of late, lithium-polymer power
banks have witnessed substantial demand in the developed economies of
North America and Western Europe of late. This is mainly due to their
features such as light weight, slimness, and safety in comparison to
lithium-ion power banks.However, Asia Pacific is expected to exhibit
the fastest growth in the power banks market due to low prices of
power banks in South Korea, Indonesia, India, and China.
Other
Reports Published by Transparency Market Research :
IT
Robotic Automation Market:
http://www.transparencymarketresearch.com/it-robotic-automation-market.html
eDiscovery Market:
http://www.transparencymarketresearch.com/ediscovery-market.html
Consumer Electronics Market:
http://www.transparencymarketresearch.com/consumer-electronics-market.html
In
the emerging economies in Asia Pacific, Latin America, the Middle
East, and Africa, lithium-ion power banks that are low in price will
benefit the overall power banks market.In 2013, the 3001 mAh-8000 mAh
battery capacity power banks segment contributed the largest revenue
to the market. Power banks with a battery capacity of 3001 mAh-8000
mAh witnessed high demand due to growing ownership of high-end
smartphones and the trend of owning multiple gadgets. The price of
power banks with a battery capacity of 2200 mAh can be thrice as much
as other power banks, since these power banks are majorly used to
charge high-end smartphones, which has been a major revenue
contributor to the overall market.However, 3,000 mAh power banks
dominated the market for power banks. They are also expected to be
the largest segment, by volume, in the forecast period, due to the
low prices of these power banks.
Browse
the full Press release :
http://www.transparencymarketresearch.com/pressrelease/power-banks-market.htm
Market
Segmentation of Global Power Banks Market:
Global
Power Banks Market, by Product Type
- Portable
- Battery case
- Solar
Global
Power Banks Market, By Power Ratings (Capacity)
- Below 3,000 mAh
- 3,001 mAh – 8,000 mAh
- 8,001 mAh – 20,000 mAh
- Above 20,000 mAh
Global
Power Banks Market, By Type of Battery
- Lithium-ion
- Lithium-polymer
Global
Power Banks Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle-East and Africa
- Latin America
Key
Questions This Study Will Answer :
- What is the market size and potential for Power Banks Market products?
- Which segment of Power Banks Market is growing the fastest? How long will it continue to grow, and at what rate?
- What is the greatest challenge faced by the Power Banks Market and how can it be overcome?
- Are the products and services offered currently meeting customer needs, or are there additional developments needed?
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4105
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Mr.
Atil Chaudhari
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
Email:
atil@transparencymarketresearch.com
Website:
http://www.transparencymarketresearch.com
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