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.
A portable charger, also known as a power bank or external battery pack, is a portable device that stores electrical energy and is designed to charge other electronic devices such as smartphones, tablets, laptops, cameras, and more. It provides a convenient way to recharge your devices when you’re on the go and away from traditional power sources. Portable chargers are especially useful during travel, outdoor activities, or in situations where access to electrical outlets is limited.
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Key Features of Portable Chargers:
Battery Capacity: Portable chargers come in various capacities, typically measured in milliampere-hours (mAh) or watt-hours (Wh). Higher capacity means more stored energy and more charge cycles for your devices.
Output Ports: Portable chargers feature one or more output ports, such as USB-A, USB-C, or even AC outlets, to connect and charge devices.
Input Port: Portable chargers have an input port for recharging the internal battery from a power source, like a wall outlet or a computer’s USB port.
Charging Speed: Portable chargers may have varying charging speeds, with some supporting fast charging technologies like Quick Charge, Power Delivery, or Adaptive Fast Charging.
LED Indicators: Many portable chargers include LED indicators that display the battery level or charging status.
Size and Weight: Portable chargers come in different sizes and weights, so you can choose one that suits your needs for portability and energy capacity.
Compatibility: Check the compatibility of the charger with your devices to ensure that it supports the right charging protocols and voltages.
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.
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.
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Advantages of Portable Chargers:
Convenience: Portable chargers provide a backup power source when you’re away from traditional outlets, ensuring your devices stay charged and operational.
Mobility: Whether traveling, hiking, or attending events, a portable charger allows you to recharge your devices without being tethered to a power source.
Emergency Power: Portable chargers can be a lifeline in emergency situations, providing communication and power for essential devices.
Device Diversity: Portable chargers can charge a variety of devices, including smartphones, tablets, e-readers, headphones, and more.
Cost Savings: You won’t need to rely on purchasing single-use disposable batteries or worry about finding a power outlet.
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.
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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