
The notion of being able to charge cell phones on the go has been viable and with the plunging price of smart phones, their utility has propelled. The current smart phones have incredibly large storage capacity and the alikeness with regards to apps linked with them soaring rapidly. The rechargeable power banks are growing considerably for augmenting the operation duration of mobile phones and portable electronic gadgets. These excerpts are according to the intelligence report, titled, "Power Bank Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027," which has been freshly incorporated in Market Research Hub's (MRH) exhaustive repository. Segment-wise, portable power banks were dominant in 2018 and with the growth rate of over 6%, it was valued at over USD 4,100 million. Meanwhile, the 5000 mAh – 12,000 mAh segment revealed impressive growth rate in the same year. On the other hand, owing to easy availability, lithium-ion battery rules the roost. The lithium-ion battery is an ideal technology to fit with almost all portable consumer electronic devices, including power banks. When it comes to cycle life, operating potential, weight, foot print, the electrochemical characteristics of the lithium-ion battery have bolstered their superiority. Commercial availability of large capacity power banks emboldened with features such as wireless charging, dual output ports, and torch, solar have ushered the growth in the power bank market.