Pune, India -- (SBWIRE) -- 06/18/2018 -- The major factors driving the growth of this market are the increase in the purchasing power, deterioration in the prices, growing usage of smart phones, tablets and laptops and technological advancements in power bank. On the other hand,poor quality of power banks and counterfeit of power bank products may hinder the growth of the market.

Global Power Bank Market accounted for USD 8.2 billion in 2016 growing at a CAGR of 22.3% during the forecast period of 2017 to 2024." This report analyzes the global power banks market in terms of type, battery type, power rating, and geography

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A Power Bank is a mobile charger that can be charged in advance to charge mobile phones, laptops, tablets. A power bank is a compact or handy device usually can be useful while travelling for long hours. The power bank concept came into visualization due to rapid growth in digital products. A power bank can achieve outside charging for variety of digital products. It has its wide application in smartphone, tablet, digital camera, laptop, and others. Increasing usage of smartphones and tablets may act a major driver in the growth of power bank market. On the other side, poor quality of power bank may hinder the market.

Top Companies Analysis:

ASUSTEK:

Established in 1989 and headquartered in Taiwan, China, ASUSTeK Computer Inc. is a computer hardware and consumer electronics company. The company operates its business through the following product categories such as phones, laptops & 2-in-1 PCs, tablets, motherboards, graphics cards, wearable & healthcare, desktop & all-in one PCs, display, networking, sound, home & automotive, peripheral, gaming, servers & workstations, and zenbo. ASUS has become one of the leading motherboard and gaming brand along with the top-three consumer notebook vendor.

XIAOMI:

Founded in 2010 and headquartered at Beijing, China. It is an electronics and software company. Xiaomi develops, designs, and commercializes mobile apps, smartphones, laptops, and other consumer electronics. The company operates its business through product categories such as notebooks, phones, mi TV, smart devices, mi power bank and charging accessories, and audio accessories. The power bank and charging accessories offers various wide ranges of portable chargers and power banks with high range of battery.

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Drivers:

Some of the major factors driving the power bank market are the increase in the purchasing power, deterioration in the prices, growing usage of smart phones, tablets and laptops and technological advancements in power bank.

INCREASE IN PURCHASING POWER

The electronic gadgets have become a necessity of life, due to which there is an increase in the purchasing power of power banks. Growth in the economic development, better standard of living, digitalization, electricity shortage and advancement in the technology are some of the factors which are contributing in the rise of demand of purchasing power of power banks, which is driving the growth of the power bank market.

TECHNOLOGICAL ADVANCEMENTS

Power bank manufacturers are continuously enhancing its features due to the array of technological advancements taking place to make the product more updated, advanced and time consuming. Enhancing advanced technologies in respect of replacement of 2 USB with 3 USB outputs, large battery life, light weighted, multi-port configuration type and many more are being done by the manufacturer.

DETERIORATION IN THE PRICES

The price of the power bank varies from brand to brand, along with its features, specification, usage, technology being used as well as the manufacturing cost. Another reason might be due to the schemes or the offers related to the products each company offers due to growing completion in order to increase their sales or to do a stock clearance. This affects the company's profitability but sometimes might affect company's sales.

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Company Share Analysis:

The report for global power bank market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Table of Contents

1. INTRODUCTION
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL POWER BANK MARKET
1.4. CURRENCY AND PRICING
1.5. LIMITATION
1.6. MARKETS COVERED
2. MARKET SEGMENTATION
3. MARKET OVERVIEW
3.1. DRIVERS
3.2. RESTRAINTS
3.3. OPPORTUNITY
3.4. CHALLENGES
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
6. GLOBAL POWER BANK MARKET, BY CHARGE CAPACITY
7. GLOBAL POWER BANK MARKET, BY PRODUCT TYPE
8. GLOBAL POWER BANK MARKET, BY DISTRIBUTION CHANNEL
9. GLOBAL POWER BANK MARKET, BY GEOGRAPHY
9.1. OVERVIEW
9.2. NORTH AMERICA
9.3. EUROPE
9.4. ASIA-PACIFIC
9.5. SOUTH AMERICA
9.6. MIDDLE EAST AND AFRICA
10. GLOBAL POWER BANK MARKET, COMPANY LANDSCAPE
11. COMPANY PROFILES
11.1. XIAOMI?
11.2. LENOVO
11.3. MICROSOFT
11.4. PANASONIC CORPORATION
11.5. SONY CORPORATION
11.6. ADATA TECHNOLOGY CO., LTD.,
11.7. ASUSTEK COMPUTER INC.
11.8. INTEX
12. RELATED REPORTS

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