Over the course of the forecast period, rising demand for various digital devices such as smartphones, laptops, tablets, digital cameras, and other gadgets is anticipated to drive growth of the portable charger market. The number of smartphone users in India is anticipated to increase during the forecast period, according to Coherent Market Insights. Furthermore, many nations, including the United States, United Arab Emirates, United Kingdom, Netherlands, Sweden, Belgium, Spain, and others, have high smart phone penetration rates. For instance, according to Coherent Market Insights, smartphone penetration is approximately 81% and 72% in Sweden and the United Arab Emirates, respectively. The expansion of the portable charger market is consequently driven by rising demand for mobile devices. The portable charger market is also anticipated to rise throughout the forecast period due to technical developments in portable chargers. For instance, one of the unique ideas is for market participants to manufacture portable chargers powered by solar energy.
According to Coherent Market Insights, with a predicted CAGR of 9.8% from 2022 to 2031, the market for Portable Chargers was valued at $6.8 billion globally in 2021 and is expected to grow to $17.3 billion by 2031.
Market Players in the Portable Charger Industry:
1. SONY EUROPE B.V.
The company was founded in 1968 and has its main office in Weybridge, United Kingdom. The Company manufactures consumer electronics through its subsidiaries. Sony Europe Limited produces and sells consumer electronics, including electronic parts, laptops, video games, television sets, and broadcast cameras. The new firmware update for the FX3 and FX30 was announced by Sony in April 2023. Sony unveiled the WH-CH720N over-ear and WH-CH520 on-ear wireless headphones in February 2023.
2. Anker Innovations Limited
The business was founded in 2011 and is located in Washington, United States. The company's product line also includes screen protectors, charging cables, torches, earphones, headphones, speakers, data hubs, and power banks for mobile devices. Anker is the world's top brand for charging technology. This now includes auto charging and wireless charging in addition to our best-selling wall chargers and portable chargers.
3. Belkin International, Inc.
The company was founded in 1983 and is based in California, U.S. It manufactures peripherals and mobile and computer networking products for both consumer and business use. A series of wellness items from Belkin, including facemasks and wipes for cleaning computer screens, will debut in 2020. Belkin introduced brand-new hues for the BoostCharge Magnetic Power Bank 5K in March 2023.
4. Sony Corporation
The firm was establishe in 1946 and is based in Tokyo, Japan. The company creates products for televisions, cameras, mobile devices, audio and video equipment, and other gaming-related products. The Sony Group also runs other businesses and produces films, music, and video games.In order to own and manage its electronics and IT solutions businesses, Sony Electronics Corporation was created as an intermediary holding company on April 1, 2020. Sony Corporation changed its name to Sony Group Corporation on April 1, 2021.
5. Panasonic Corporation
The firm was founded in 1918 and is located in Osaka, Japan. Rechargeable batteries, automotive and avionics systems, industrial systems, as well as home renovation and building, are just a few of the many goods and services that Panasonic provides. According to reports, Panasonic will purchase Blue Yonder for US$6.45 billion in March 2021 after purchasing a 20% ownership in the company for 86 billion yen in 2020.
6. Microsoft Corporation
The company was started in 1975 and is based in Washington, United States. A software company is Microsoft Corporation. The business provides apps, more cloud storage, and cutting-edge security options. Microsoft announced on January 18, 2022, that it will buy American video game developer and holding company Activision Blizzard for $68.7 billion in cash. It was revealed that the business had bought Takelessons in September 2021.
7. Xiaomi Technology Co., Ltd
The firm was started in 2010 and is based in Beijing, China. The Xiaomi Corporation produces parts and equipment for communications. To buy the autonomous vehicle business, the corporation paid Deepmotion $77 million in August 2021. Xiaomi unveiled the Xiaomi 12 and Xiaomi 12 Pro in December 2021. The Snapdragon 8 Gen 1 chipset runs the phones.
*Definition: A rechargeable battery that can be used again is a portable charger. For a variety of gadgets, including a laptop, mobile phone, digital camera, and others, this portable charger supplies electricity.
