Demand for Power Banks Continues to Rise with the Steady Increase in the Number of Smart Phone Users
Dear Readers,
Greetings from the Mobility Magazine!
The demand for power banks continues to rise with the steady increase in the number of smartphone users. This demand is set to see continued rise as a number of users have yet to switch to smartphones from feature phones.
Power banks provide a convenient and portable solution for keeping devices charged on the go—essential for travelers, professionals, and anyone needing uninterrupted access to smart phones, tablets, and other electronics. With varying capacities, power banks can extend battery life, ensuring connectivity during emergencies or long commutes.
India Power Bank Market was worth USD 11.36 Bn in 2023 and overall revenue is anticipated to rise at a rate of 8.1% from 2024 to 2030, reaching almost USD 19.59 Bn in 2030. The India Power Bank Market is expected to grow at a significant rate.
This month’s Main Story covers the growth dynamics of the power bank segment and the opinions of the industry veterans and leading power bank manufacturers across India, on the segment’s impressive growth trajectory, emerging trends and innovations.
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