Increasing Adoption of Mobile Phones and Increasing Sales of PCs to Augment Growth of Portable Battery Pack (Power Banks) Market
Power banks are an extremely popular product and many people have one in their possession today. It is a great thing to have and can be used for many different things from charging up your cell phone or laptop, to charging all of your power needs at home or work. These batteries are very popular as they can be bought for a fairly cheap price and last a very long time with proper care. In addition to this, the cost of these batteries when you go to dispose of them is very low, so it is definitely a good investment to make. Market Dynamics Increasing adoption of mobile phones is expected to propel growth of the portable battery pack (power banks) market. For instance, according to Pew Research Center’s February 2019 report, over 5 billion people have mobile devices and over 50% of these connections are smartphones. Moreover, growing e-commerce sector is also expected to aid in growth of the market. For instance, according to India Brand Equity Foundation, the e-commerce sector ...