The Rise of Eco-Friendly Portable Chargers Market Analysis

According to a new report published by Allied Market Research, 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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.