Portable Charger Market: Size, Growth, Regional Analysis, And Market Analysis

Portable Charger

A battery charger is a device that passes an electric current through a rechargeable battery to transfer energy into it. The constant voltage source must manually disconnect some battery chargers, while others may utilize a timer to switch off the power at predetermined intervals. The rise of the electronics sector is currently the main driver of demand for battery chargers. Another critical reason driving the growth of the battery charger market is the rising demand for electric vehicles (EVs) and connected gadgets.


In 2020, the global Portable Charger Market will be worth $21.7 billion. Improved consumer purchasing power, higher living standards, and rapid economic advancement all positively impact the market. Furthermore, the availability of such devices in various capacities, which cater to a variety of consumer categories, contributes to market expansion. Likewise, as the need for smartphones, tablets, and other digital devices grows, so does the portable charger industry.


However, some portable power banks are pretty heavy and bulky, making them difficult to transport. Furthermore, cell phones are now equipped with high-capacity batteries and capable chipsets, limiting market development. Innovative advances in handy chargers, such as versatile remote chargers, are, nonetheless, providing Portable Charger Market growth potential.


Due to the surge in demand for consumer gadgets with many functions and usage, the power bank industry has seen moderate growth in the past. During the forecast period, this is expected to fuel Portable Charger Market expansion. The recent COVID-19 epidemic has caused the growth rate to slow. The predicted growth of power banks across applications is likely to drop due to COVID-19, as the pandemic is restricting the supply chain and adoption due to significant disruptions to businesses and the global economy. As a result of the pandemic, production has been limited, resulting in a substantial drop in company inputs. Government aid and the degree of corporate debt, and how companies and markets deal with weaker demand all have a role in the recovery.


The portable charger market is divided into five regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Due to many prominent companies in the area, such as Anker Innovations Limited, Arb Accessories Pvt. Ltd, Lzen Electronics, and others, Asia Pacific dominated the global portable charger market in 2018. Furthermore, one of the reasons predicted to boost the growth of the Asia Pacific market over the projected period is an increase in the number of smartphone users in various nations throughout the region.

Comments

Post a Comment

Popular posts from this blog

Significance of EHealth Software And Services

Image
Before knowing the concept of EHealth software and services let’s first understand what is EHealth? EHealth is defined as the delivery of health care using modern electronic information and communication technology in which health care practitioners and patients are not in direct contact and their engagement is mediated by electronic mediums, Physical and psychological diagnosis and treatment, telepathology, vital sign monitoring, electronic prescription, teleconsultation, and other services are among those provided. Electronic health records (EHR), decision support systems, consulting, and telemedicine is all components of eHealth. Most therapeutic practices now include computers as an essential component. Now, What Is Ehealth Software And Services? EHealth Software and services are that software that handles, transmit, store, or record the information used in the delivery of healthcare treatment and keep a record of payment of a particular patient. For example, smart hospitals are u
Read more

The OKR Software Market Is Estimated To Increase At A CAGR Of 12.60 Percent During The Forecast Period

  OKR is a 1970s notion that has subsequently been a primary emphasis for companies such as Google, Linked In, Airbnb, Twitter, Dropbox, Spotify, and Uber. The OKR software market is being propelled forward by the growing trend of reducing corporation business processes. Businesses are increasingly focusing on adopting this software to increase efficiency by streamlining various firm operational processes such as human resource operations management, workforce planning, and supply chain performance (SCP) management. OKR software is used to align personnel with corporate goals and investigate the underlying causes of the company's high efficiency. The program also supports maintaining objective transparency between management and employees, as well as tracking employee efficiency on a regular basis. OKR Software Market size was valued at USD 742.29 Million in 2020 and is projected to reach USD 1,843.62 Million by 2028, growing at a CAGR of 12.60 % from 2021 to 2028. By eliminating
Read more

Broadcast Switchers Market Report | the Demand for the Market Will Drastically Increase in the Future

  The term "broadcast switcher" refers to a digital device used in video or film production. It's used to choose or switch between distinct audio or visual signals coming from various sources. Switchers play a critical role in the video transmission process and are an important component of video processing. For a completely integrated television production, switchers are essential. Routing switchers, production switchers, master control switchers, and more types of switchers exist. They can be found in remote trucks, control rooms, and editing suites, among other places. Broadcasters may easily pick and route source video feeds thanks to digital broadcasting, which improves the workflow of digital broadcasting. Customers may now enjoy high-quality video production thanks to the transition from analog to digital transmission in the broadcast sector, which is known as High Definition Television (HDTV). For example, the Federal Communications Commission (FCC), a US governme
Read more