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The fast discharge rate of the batteries in smartphones, tablets, MP3 players, and laptops due to the increased usage stimulated the demand for a portable battery source. Power banks or external batteries have experienced increase in adoption as a portable source of battery for devices with USB power bank compatibility. These are mainly based on either lithium-ion or lithium-polymer batteries with power ratings that range below 3,500 mAh or above 20,000 mAh. Read More@ http://www.researchbeam.com/power-bank-market

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The power banks market report titled 'Global and Chinese Power Banks Industry, 2011-2021 Market Research Report' presents the company profile, product specifications, capacity, production value, and 2011-2016 market shares for each company. The report then estimates 2016-2021 market development trends of power banks industry. View complete report at http://goo.gl/A3KdNO .

Power banks enable consumers to charge their electronic devices such as smartphones, tablets, and other portable media devices which have USB capability. The technology used in smartphones and tablets is developing rapidly; however, their batteries still have limited capacities, which has led to the demand for portable sources of power such as power banks. The power bank market is expected to reach USD 17.8 Billion by 2020, and is expected to grow at a CAGR of 23.1% between 2015 and 2020.

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