Global power bank market, Forecast, Market Analysis, Global Industry Power Bank Market | Page 2

Global power bank market industry size, global trends, growth, opportunities,
market share and market forecast – 2018 to 2023
Orion Market Research (OMR), recently published a market research report on Global Power Bank
Market. According to the OMR analysis, the global power bank market is expected to grow
significantly during forecast year. The global power bank market is segmented on the basis of
technology, product and application. The report provides detailed and insightful chapters on
market overview, key findings, strategic recommendations, market estimations, market
determinants, competitive landscape, key company analysis, company profiling, market
segmentation, geographical analysis, analyst insights and predictive analysis of the market. know
more about global power bank market .
“The global power bank market has witnessed a significant growth due to higher sales of
smartphone. According to International Telecommunication Union, mobile penetration rate has
been recorded in a range of 115-130% in developed economy, thereby reflecting substantial
growth in the sales of the mobile phone in the future. The developing telecommunication
infrastructure, low cost mobile plans, rising disposable incomes and introduction of new technology
such as 4G and LTE are major driving factor for the growth of mobile phones sales. With the
increasing penetration of smartphones, data consumption has increased as more and more people
are using smartphones to stay connected with internet. Smartphones are nowadays becoming more
personal than the computers. Multiple apps are used for e-mails, gaming, browsing internet,
messaging and so forth. As a result, smartphones are consuming energy and are draining battery
constantly. Power banks have become must for every smartphone user. The need for power bank is
significantly increasing due to rapid draining of mobile phones batteries. Power banks are known
for charging tablets, smart phones and other portable devices, it supplies power from built in
batteries through USB port. Samsung, Intex, Ambrane, Sony, XiaomiMi are some major companies
that are contributing in the growth of global power bank market.
Full report of global power bank market is available at
https://www.omrglobal.com/industry-reports/global-power-bank-market/