Power Bank Market Outlook 2018 To 2025: Grand View Research Inc.
San Francisco, 28 February 2019: The Report Power Bank Market Size, Share & Trends Analysis Report By Capacity Range, By Distribution Channel (Online, Offline), By Battery Type, By Energy Source (Electric, Solar), By End User, And Segment Forecasts, 2018 – 2025 The global Power Bank Market size is anticipated to reach USD 27.75 billion by 2025 expanding at a CAGR of 18.4% during the forecast period, according to a new report by Grand View Research. Currently, power banks are one of the essential mobile accessories. Increasing demand for power banks and intense competition in the market has led to a reduction in their prices. This is expected to help boost the market growth over the coming years. Rising use of internet and insufficient battery capacity of smartphones and other mobile consumer electronic products are the key factors driving the growth in sales of power banks globally. Growth in GDP, increased consumer purchasing power, and improved living standards are propell