Power Bank Global Market Report 2021: COVID-19 Growth And Change The Business Research Company’s Power Bank Global Market Report 2021: COVID-19 Growth And Change LONDON, GREATER LONDON, UK, July 20, 2021 /EINPresswire.com/ -- With the huge rise in urban population, there has been an increase in demand for smartphones and tablets among people across the globe which is generating a higher requirement for power banks to charge these devices. According to a report published by Sify Technologies Limited, an India-based information and communications technology company in April 2021, the world is advancing towards the 5G network, and smartphone revenue is predicted to increase by more than 13% in the year 2021. Moreover, according to Statista, nearly 1.38 billion smartphones were sold worldwide in 2020 and the numbers are expected to reach to 1.5 billion in 2021. Therefore, increasing sales of smartphones are projected to propel the revenues for the power bank market over the forecast period.