Growth Of Solar Power Bank Market 2016 - 2023

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Solar Power Bank Market - Global Industry
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REPORT DESCRIPTION
Solar Power Bank Market: Overview
Solar energy has evolved as a major alternative source of energy. Solar energy is increasingly being utilized as
source of energy for street lighting, automobiles, house appliances and others. In recent times, solar power banks
are gaining popularity in the consumer market, with the rise in use of electronic gadgets. Solar power banks serve as
an energy storage device, which can be utilized when required to charge any of the USB-charged devices such as
cameras, portable speakers, GoPros, MP3 players GPS systems.
Solar power banks require sunlight to charge, making it reliable in circumstances where electrical supply or charger
is not available. Most of the solar power banks available today can be charged alternatively via computer using USB.
Considering solar as an environmental friendly technology, demand for solar power banks is expected to escalate in
the coming years.
Complete Report with TOC : http://www.transparencymarketresearch.com/solar-power-bank-market.html
Solar Power Bank Market: Drivers and Restraints
Solar power banks find wide range of applications such as charging of smartphones, laptop, tablets and other
devices. The growth of smartphones, laptops and tablets market has generated the need for external energy storage
devices for charging. The escalated use of internet with the availability of 3G and 4G services on smartphones and
tablets has increased the consumption of battery at a faster rate, thus, driving the solar power bank market. Further,
tourists or trekkers preferring to travel at distant places can rely on the solar power banks over the conventional
power banks, as at times of emergencies solar power banks can be charged via sunlight. The rural areas in emerging
markets such as Africa, Asia and Latin America pose good opportunities for solar power banks due to constraint of
electricity supply in these regions.
However, the challenges such as low efficiency at night or cloudy days, may affect the trust of end consumers in the
market. Since the launch of solar technology, the availability of sunlight in cloudy areas or at night times has been
the major constraint for solar devices.
Compatibility with all the device brands is another challenge affecting the market of solar power banks. Moreover,
solar power banks also face competition from existing electrically charged power banks. Manufacturers need to
focus on overcoming these major challenges to gain competitive advantage over the existing and new
manufacturers entering the market in coming years to explore the untapped opportunities in solar power bank
market.
Solar Power Bank Market: Segmentation and Top Players
Depending on the application and the capacity of battery, solar power banks are designed and available in market
with different capacity range. The solar power bank market is categorized by the capacity range offered by the solar
power banks, which include 500 mAh to 3499 mAh, 3500 mAh to 6499 mAh, 6500 mAh to 9499 mAh, 9500 mAh to
12499 mAh, 12500 mAh to 15499 mAh and above 15500 mAh.
The key companies operating in solar power bank market include Anker., Advantage Computers (I) Pvt. Ltd., LG
Chem Ltd, China BAK Battery, Inc., Mophie Inc., Microsoft Corporation, Panasonic Corporation, OnePlus, Sony
Corporation, Samsung SDI Co. Ltd., UNU ELECTRONICS INC., Xiaomi Technology Co., Ltd, and Shenzhen Topband Co.
Ltd\
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts,
historical data, and statistically supported and industry-validated market data. It also contains projections using a
suitable set of assumptions and methodologies. The research report provides analysis and information according to
categories such as market segments, geographies, types and applications.
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Complete Report with TOC : http://www.transparencymarketresearch.com/solar-power-bankmarket.html

A new study by Transparency Market Research (TMR) presents a comprehensive analysis of the global solar power bank market, taking its historical and current performance into consideration. The research report is titled, “Solar Power Bank Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023.” It states that the extensive use of internet on account of the availability of 3G and 4G services on smartphones and tablets has fueled the consumption rate of batteries at a faster rate thus, driving the solar power bank market. Solar power banks are reliable in situations where a power source is not available. Solar banks are an environmental friendly technology, which is encouraging their use. Moreover, it is a cheap alternative as compared to electric charging. Solar power banks prove to be of much use when tourists or trekkers travel at distant places and cannot rely on conventional power banks owing to no electric supply or means to charge, boosting their demand. At times of emergencies solar power banks can be charged via sunlight, however most of them also have an option of charging alternatively via computer using a USB cable. As such, their flexibility is making them an attractive alternative to conventional power banks. Download Free Research Report Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11846