Smart phones drive power bank market in India to make it a $ 7m market

May 31 2015: India Power Bank Market shipments value reached $6.91 million for the fourth quarter of 2014. Power Banks with 5200 MAH battery capacity captured major share of the market, followed by 10400 mAh capacity finds a study by 6Wresearch

Some of the key players in the India Power Bank Market are Xiaomi, Portronics, Pebble, Croma, Envent and Intex. As many as 95 vendors shipped Power Banks in India. Xiaomi, Portronics and Croma together captured around 45% share of the market. Seven OEM's shipped above 20,000 Power Banks

Says Anuj Mehrotra, Research Analyst, 6Wresearch-India Electronics Division, "Mobile Phones which were primarily known for providing voice communications has now emerged as an entertaining device among the Indian consumers. With Smartphones becoming an essential part of the living society, the demand for portable chargers grew substantially over the last few quarters. Further, with rising consumer awareness the market is expected to register tremendous growth over the coming period".

Media Source: INDIA TECH ONLINE