Power Bank Market Outlook
By the end of 2022, according to a recent figure provided by Statista , 78% of people in the world used smartphones. Fast forward to 2022, after accounting for both basic phone and smartphone users, this statistic has risen to an average of 91% of the world’s population instead. Actually, an estimate of the global power bank market between 2020 and 2025 indicates an 8.1% compound annual growth rate (CAGR) driven in large part by the increasing popularity of mobile phones, particularly smartphones.
Another important reason is none other than cost reduction among a wide range of power banks, thanks to innovative technological advancement, as well as a highly competitive market. A solar power bank or hydrogen fuel cell charger is now among the most affordable power sources for recharging power banks which are believed to attract more users and also provide greater savings in the long run.
How to choose the right power bank
Technical aspects
Power bank selection starts with some basic technical specifications. It all starts with capacity and while it’s often advertised or marketed as 5000 mAh or 10000 3 mAh and more, that’s actually the full capacity rather than the actual output that can power the devices. The advice is therefore to always look at the rated capacity as it provides a more accurate figure on how much charging output a power bank can supply, which also means how fast it can take to fully charge a device. A general rule of thumb is to go for a higher capacity as it indicates that a power bank can charge a device more than once, usually up to 20000 times for a XNUMX mAh power bank for example.
While the number of ports available represents the total number of devices that can be charged simultaneously, the type of ports available is also closely related to the types of cable connectors supported. Most power banks come with USB-A, which is more commonly known as a USB port and can be used with any standard USB cable with a USB-A connector. However, the advent of the USB-C connector, which enables fast charging, helped popularize power banks with USB-C ports. For any device that supports USB-C charging, this power bank is a must.
Individual preference and other miscellaneous factors
Apart from the technical functionalities that focus on providing sufficient battery capacity and extending battery life, different options must also be taken into account that are highly related to long-term use and individual preferences. Generally, people tend to go for compact designs with light, slim and small sizes or mini portable power banks for mobility and convenience. In addition to the pocket-friendly design that can be especially important for users who always need to travel, warranty details and safety prevention features are also vital considerations, such as those that prevent overcharging, over-temperature and the short circuits. -circuit.
The best affordable power banks
wireless power banks
Actually, wireless charging is nothing new; It has been possible for mobile phone charging since 2012. At that time, Nokia introduced the first Qi product (a type of wireless charging standard) for its two smartphone models.
Since then, despite the conveniences it offers, including the removal of cable limitations such as cable length and types, as well as universal compatibility, the high price and relatively slower charging speed compared to other standard chargers have hindered the interests of general consumers.
Still, the introduction of wireless power banks that support fast charging at a much more affordable price in recent years, along with the ever-increasing number of compatible models and devices, has subverted earlier perceptions and further contributed to its growth margin.
The great conveniences that wireless banks can provide, apart from being more flexible, are that they are also more durable and safer to use, as the need to plug and unplug your phone charger is completely eliminated. The typical charging port compatibility issue is also eradicated with the use of wireless power banks. Users no longer need to worry about matching connectors and ports on their devices.
As shown in the image above, most wireless power banks also dock as wired chargers, like this 10000 mAh Wireless Power Bank . Meanwhile, there are also some wireless power banks that support more different ways of charging and provide more flexibility with wireless and wired fast charging through a single wireless power bank.
high capacity power banks
It’s official, there are now more mobile connected devices in the world than the entire population of the planet. In fact, it is estimated that there are at least more than 10 billion of these devices in use, around 22% more than our current world population . Meanwhile, another recent statistic revealed that many mobile phone owners have more than one smartphone now. All of these are inevitably the factors that drive the rise of higher capacity power banks.
While there is no precise definition of high capacity, it is generally used to refer to any power bank that can at least power any standard mobile phone twice. With this in mind, the latest iPhone 14 Pro Max and Samsung Galaxy S22 Ultra, two of the latest models from Apple and Samsung, feature batteries with 4323mAh and 5000mAh capacities , respectively. This means that a lightweight 10000 mAh Power Bank with built-in fast charging cables that can support an average rated capacity of 6600 mAh can fully charge one of these phones once before shutting down.
So, in order not to carry extra chargers for multi-charging, the easiest solution is to use a higher capacity power bank, for example, a 20000mAh slim power bank with a rated capacity of 12000mAh. This should be enough to supply any standard mobile phone with at least two full charges. And of course, in response to increasing market demands and cost reduction, it is becoming more common to see power banks with various capacities above 20000 mAh now, such as the 50000 mAh Power Bank pictured by below.
However, it is important to note that, in general, the larger the capacity of a power bank, the bulkier it is. For example, a 60000 mAh Power Bank normally weighs around 1.5 kg (3.3 lbs).
solar power banks
The notion of solar cell phone battery chargers began over 10 years ago. However, with various reputable power bank brands such as Goal Zero and Anker continuing to update, refine and improve their solar power bank models, there are now more and more models available such as a 30000mAh Solar Power Bank with built-in cord.
The popularity of solar power banks has improved a lot this year as a result of growing environmental concerns, a rate of inflation that is pushing electricity prices to record highs, as well as new advances that make them more outdoor and travel friendly. . To accommodate both indoor and outdoor use, a nk solar power battery with 50000mAh capacity, for example, is often also fitted with various input ports for standard recharging purposes on top of your standard solar panels.
Solar power banks with built-in wireless chargers , as shown in the image below, further enhance their flexibility and mobility as users can now power up different devices without cable restrictions wherever they are.
stay lit
In line with the increasing use of mobile electronic devices such as smartphones, tablets, and laptops, portable power banks have become essential items for most people, especially those who are always on the go. Rated capacity, number of ports available, and types of ports are some of the most fundamental technical specifications to consider when selecting wholesale power banks.
Meanwhile, safety features and individual preferences, such as the size and weight of power banks, as well as warranty details, are other top factors buyers should pay attention to. The three most affordable power banks today are wireless power banks, high capacity power banks, and solar power banks.
Shop best solar power bank at Anker.
