2022-07-13
Surge in demand for compact electronic devices equipped with rechargeable batteries such as smartphones, laptops and tablets, benefits offered by portable devices such as portability, durability and more, the advent of 4G networks and consistent use of internet services which made these devices less efficient in terms of power consumption, and improved consumer purchasing power drive the growth of the global portable charger market.
PORTLAND, Ore., Aug. 26, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Portable Charger Market by Type (Single Solar Plate, LED Light, and Voltage Adjustable), Application (Mobile Phones, Digital Cameras, MP3 & MP4 Devices, Automotive, Laptop, and Others) and Sales Channel (Online {Company Website and Third Party Online Channel}, and Offline {Hypermarket/Supermarket, Specialty Stores, and Others}): Global Opportunity Analysis and Industry Forecast, 2022–2031." According to the report, the global portable charger industry generated $6.8 billion in 2021, and is estimated to reach $17.3 billion by 2031, witnessing a CAGR of 9.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Drivers and Opportunities
Surge in demand for compact electronic devices equipped with rechargeable batteries such as smartphones, laptops and tablets, benefits offered by portable devices such as durability, portability, multiple sockets, fast charging, and low range cost, the advent of 4G networks and consistent use of internet services which made these devices less efficient in terms of po