Power Bank Market Size Witnesses Robust Growth Rate of CAGR 7.22%, Exceeding US$ 16.3 Billion by 2028
IMARC Group, a leading market research company, has recently released a report titled “ Power Bank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 .” The study provides a detailed analysis of the industry, including the global power bank market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How Big is the Power Bank Market? The global power bank market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.22% during 2023-2028. What is Power Bank? A power bank is a portable device designed to store electrical energy, which can be used to charge other electronic devices such as smartphones, tablets, and laptops. Comprising a battery enclosed in a case, it comes with one or more USB ports for output and a port for input to recharge the int