Global Power Bank Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
Wearable tech trends is one of the major opportunity for this market.
A portable battery charger will go beyond the smart phone and tablet as many people will also own smart watches, fitness trackers, smart jewelry and smart glasses. Most of these will run on rechargeable batteries, so if users want the longer life devices, a good quality power bank will become a must-have item. The wearable tech is still in nascent stages. As of now the main hurdle everyone is facing in wearable tech is battery; there isn’t much choice available in the market for wearable power banks. The normal power banks can be used with them but it won’t be practical as you have to remove the device and charge. Wearable devices will rule the roost in the coming months. Portable Power will have even more significance then as more and more gadgets will have to be at optimum charge. These wearable tech gadgets carry rechargeable cells which will need to be powered at all times. We will see a huge growth in portable power with the growth in usage of smart watches, fitness gadgets, etc.
As Wearable's have limited battery requirement as the size of the display is small. Devices having rechargeable cells to power them, will boost dependency on power banks. A good quality power bank will become a must have gadget as gradually more and more people start using the wearable products as part of their daily life
The power bank market has been segmented on the basis of specifications which is further sub segmented into capacity range, number of USB ports and energy source. On the basis of capacity range, market has batteries with capacities ranging from 500 mAh to 15500 mAh. The power bank market has been segmented on the basis of number of USB ports and has further been split into one, two, three or four USB port based power banks. On the basis of energy source the market is further segmented into power grid and others .Power banks with two USB ports hold a higher market share and this trend is expected to continue during the forecast period. Due to the high mechanized cost for battery cell made of Lithium-Polymer comparing it to Lithium-Ion, the price of power banks made of Lithium-Polymer battery is higher than the power bank comprising Lithium-Ion battery.
The Key Players in Global Power Bank Market are companies like Advantage Computers (I) Pvt. Ltd., Anker, China BAK Battery, Inc, LG Chem Ltd, Microsoft corporation, Mophie Inc, OnePlus, Panasonic Corporation, Samsung SDI Co. Ltd., Sony Corporation, uNu ELECTRONICS INC., and Xiaomi Technology Co., Ltd.
In February 2016 , Microsoft acquired Xamarin which is a software company that in turns keep business of Mobile Application development in Microsoft now. The Wall Street Journal reported the price at between $400 million and $500 million
At Microsoft Build 2016 Microsoft announced that they will open-source the Xamarin SDK and that they will bundle it as a free tool within Microsoft Visual Studio's integrated development environment and Visual Studio Enterprise users would also get Xamarin's enterprise features free of charge.
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