Portable Battery Pack (Power Banks) Market: Size, Growth, Regional Analysis, And Market Analysis
Power Bank: A power bank is a portable battery that includes a circuit to store energy from an input source and vent it when needed. Due to the increased acceptance of digital items, these gadgets have become extremely popular around the world. Furthermore, their particular features, such as portability, plugs, fast charging, and cheap range cost, fuel the demand for power banks among tech-savvy consumers. A power bank is an excellent alternative in a prolonged power outage or an inconsistent electrical supply, as it prevents the gadget from turning off. Market Growth: The global Portable Battery Pack (Power Banks) Market was worth USD 6.8 billion in 2019 and is expected to grow at an annual rate of 18.4% from 2020 to 2027. The increase in the adoption of smartphones and other electronic devices, the rising power consumption of electronic devices due to advancements in mobile technologies, the affordability of power banks, and the expansion of the reach of online retail platforms for