Portable Charger Market Revenue, Opportunity, Forecast to 2031
Posted 1 year ago in NEWS.Rise in demand for smartphones, tablets, and other digital devices lead to surge in the portable charger market growth.
Portable Charger Market Overview
The global portable charger market size was valued at $6.8 billion in 2021, and projected to reach $17.3 billion by 2031, with a CAGR of 9.8% from 2022 to 2031.
The major companies profiled in this report include Anker Innovations, Sony Europe B.V., Accutronics Ltd., Rizk National Industries LLC, Chengdu Khons Technology Co. Ltd., Omnicharge Inc., Platinet, Samsung SCI Co. Ltd., Lzen Electronics, ARD Accessories Pvt. Ltd., Belkin International Inc., Microsoft Corporation, Voltaic Systems, Xiaomi Technology, Sony Corporation, Panasonic Corporation, and GP Batteries International.
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Asia-Pacific holds a market share of 47.3% in 2021 and would continue to maintain the lead over the forecast period.
By type. single solar plate segment held more than 50% of market share in 2021.
By Application, mobile phones and laptop segment collectively possess market share of 62.1% in 2021.
By Sales Channel, offline segment holds approximately three-forth of market share in 2021.
Factors such as improved consumer purchasing power, better living standards, and fast economic progress impact the market positively.
Availability of such devices with varied capacities drive the market growth, as they cater to multiple customer segments.
Rise in demand for smartphones, tablets, and other digital devices lead to surge in the portable charger market growth.
Some of the portable power banks are really heavy and bulky, which makes them impossible to carry around.
Cell phones are currently outfitted with high limit batteries and proficient chipset, which hampers the market growth.
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Innovative advancements in convenient chargers, such as remote versatile chargers, provide growth opportunities for the market.
Rapidly industrialization, modernization, and spread of information through internet have led to the development of electronic appliance industry, which in-turn, has fueled the demand for portable chargers.
Growth strategies such as expansion of production capacities, acquisition, partnership, and research & innovation in the solar energy application have led to attain key developments in the global portable charger market trends.
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2, is transmitted from humans to humans.
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Covid-19 pandemic has drastically impacted almost all industries across the world. Automotive, electrical & electronics, semiconductors, aircraft, food & beverages are some of the business that is severely damaged.
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