Portable Battery Pack (Power Banks) Market Growth Is Driven By the Rapid Growth of the E-Commerce Industry
The growth of the portable battery pack (power banks) market can be attributed to the rising power consumption of electronic devices due to the increasing adoption of smartphones and other electronic devices and advancements in mobile technologies. There are more than three billion smartphone users worldwide, and the number expected to rise in coming years. United States, India, and China are the countries with the highest number of smartphone users. Thus, with the increasing number of smartphones, the demand for power banks is also increasing, which in turn is driving the portable battery pack (power banks) market growth. In September 2020, Xiaomi expanded its power bank lineup in India with the launch of Power Bank 3i series, with 10,000 mAh Capacity. This power bank offers 18W fast charging support and houses a dual input port with Type-C and micro USB port. Portable battery packs are used to charge battery powered items, such as mobile phones and other similar items that hav...