Portable Charger Market: Global Industry Analysis and Forecast (2024-2030)
Portable Charger Market size was valued at USD 11.42 Bn. in 2023 and the Portable Charger revenue is expected to grow at a CAGR of 6.8% from 2024 to 2030, reaching nearly USD 18.10 Bn. by 2030.
Format : PDF | Report ID : SMR_2110
Portable Charger Market Overview:
Portable chargers also known as power banks come with a circuit for regulation of power flow. The growth of global portable charger market has been increased by high demand for small electronic devices with rechargeable batteries like tablets, smartphones, and laptops. The Portable Charger Market is significantly driven by the rapid growth in demand for compact electronic devices incorporating rechargeable batteries such as smartphones, tablets and laptops. The increase in acceptance of electronic products has made these products very famous globally.
Additionally, their unique attributes including long-lasting qualities, lighter carry weight compared to other gadgets, many jacks for charging at once, quicker recharges and less expensive make them indispensable for technology enthusiasts. In case of a prolonged power outage or an unstable electricity supply, portable chargers serves as an ideal option, preventing the device from turning off. Mobile phones, digital cameras, tablets, and laptops are some of the gadgets that can be powered by solar power banks.
The Asia Pacific regional industry is expected to increase in revenue share for a significant portion of time due to the increasing users of electronic gadgets besides the high demand for e-commerce which cuts across different sectors.
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Portable Charger Market Dynamics:
Rapid Growth and Innovation Define the Evolving Landscape of the Portable Charger Sector
The portable charger sector is currently witnessing significant growth on the account of increasing ownership of smart phones as well as other portable gadgets across the globe. This growth has been characterized by a few things Firstly advancements in battery technology which has led to quicker charging times and larger capacity sizes that tailor towards people’s increased need for energy. Eco-friendly manufacturing materials and energy-efficient design are being pushed by environmental sustainability. Improved user convenience due to things like app-controlled charging or battery management is gained through integration with smart devices.
Company innovation has led to intense competition in the market with the invention of smaller gadgets have multiple ports for connection and capable of operating without wires. The market’s face is being shaped by strategic alliances and mergers which have made it possible for technology to be shifted from one corner to another across the world. In this rapidly changing sector, regulatory support for energy-efficient solutions makes the market grow even more rapidly hence providing varying chances for players to make profits.
Portable Charger Market Challenges
Navigating Competitive Pressures and Technological Evolution in the Growing Portable Charger Market
While it is experiencing rapid growth, the portable charger market has several difficulties. There is a significant competitive hurdle due to growing competition that forces manufacturers to lower profit margins hence leading to pricing pressures. As swift advancements are necessary for continued competitiveness, the challenge of technology becoming obsolete keeps requiring innovation constantly. In order to assure that it can be used on many gadgets, it has become necessary to continually adjust it according to the new device specifications and standards.
Although it may cost more in some cases, the push for such practices and materials is largely influenced by environmental factors as companies seek to invest in eco-friendly solutions. Compliance challenges regarding battery safety and efficiency regulations present have in force challenges to both product timelines and costs. Moreover, inconsistent availability and cost makes raw material prices and supply chain interruptions volatile in as much as lead-time does not remain constant.
Portable Charger Market Segment Analysis:
By Type, The portable charger market is segmented in by the types such as power banks and solar charger. Power banks are dominant because they are convenient and reliable offering various capacities while having fast charging abilities for different consumer needs. The main reasons why solar chargers are gaining in popularity are growing environmental awareness and demand for environmentally friendly charging solutions.
These chargers utilize sunlight reaching Earth’s surface and power up gadgets, which makes them highly convenient for open-air activities, eco-tourism, hiking trips, etc. Both divisions encourage invention because of the developments in them that concentrate more on small-scale blueprints, increased usage of power of batteries and combination with clever devices that make it even better in the eyes of the customers while raising its stage in the surrounding.
Portable Charger Market Regional Insight:
The portable charger market depicts diverse regional dynamics which are driven by factors such as technological adoption, consumer lifestyles and environmental concerns. High smartphone penetration and a tech-savvy consumer base has seen North America leading in robust demand followed closely by Asia Pacific where there is a growing percentage of ownership especially in populous countries like China and India. Europe underscores the need for eco-friendly portable chargers that are energy efficient and sustainable. On the other hand, regions such as Latin America and the Middle East & Africa are witnessing increased acceptance because of better infrastructure and higher disposable incomes, which presents unexplored prospects for market growth and creativity.
Portable Charger Market Competitive Landscape:
- In May 2022: ADATA introduced the T5000C power bank, boasting a 5,000 mAh power capacity. It showcases an intricately engraved floral pattern, evoking a refreshing spring-inspired aesthetic and offering a satisfying tactile experience.
- In March 2021: Xiaomi introduced its 10,000 mAh wireless power bank in India, which is capable of supporting up to 10W fast wireless charging. The power bank also facilitates two-way fast charging, along with 18W wired charging capabilities.
Portable Charger Market Scope:
Portable Charger Market |
|
Market Size in 2023 |
USD 11.42 Bn. |
Market Size in 2030 |
USD 18.10 Bn. |
CAGR (2024-2030) |
6.8 % |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segments |
By Battery Type Lithium-ion (Li-Ion) Battery Lithium Polymer (Li-Polymer) Battery |
By Capacity 1000-5000mAh 5001-10000mAh 10001-15000mAh 15001-20000mAh Above 20001mAh |
|
By Application Smart Phone Tablet Laptop Portable Media Device Wearable Device Digital Camera Other |
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Portable Charger Market Key Players:
- Anker Innovations
- Sony Europe B.V
- Accutronics Ltd
- Chengdu Khons Technology Co. Ltd
- Omnicharge Inc
- Platinet
- Samsung SCI Co. Ltd
- Lzen Electronics
- Belkin International Inc
- Microsoft Corporation
- Voltaic Systems
- Xiaomi Technology
- Panasonic Corporation
- GP Batteries International
- Anker Innovations
- Ambrane India Private Ltd.
- ASUSTeK Computer Inc.
- Intex Technologies
- Lenovo Group Ltd.
- Beijing Xiaomi Technology Co., Ltd.
Frequently Asked Questions
Navigating Competitive Pressures and Technological Evolution in the Growing Portable Charger Market are the challenge in the Portable Charger Market.
The Market size was valued at USD 11.42 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 6.8 % from 2024 to 2030, reaching nearly USD 18.10 Billion.
The segments covered in the market report are by Battery Type, By Capacity, and By Application.
1. Research Methodology
1.1 Research Data
1.1.1. Primary Data
1.1.2. Secondary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. Portable Charger Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions
3. Global Portable Charger Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovations
4. Portable Charger Market: Dynamics
4.1. Portable Charger Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Portable Charger Market Drivers
4.3. Portable Charger Market Restraints
4.4. Portable Charger Market Opportunities
4.5. Portable Charger Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factor
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape by Region
4.10.1. North America
4.10.2. Europe
4.10.3. Asia Pacific
4.10.4. Middle East and Africa
4.10.5. South America
5. Portable Charger Market: Global Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
5.1. Portable Charger Market Size and Forecast, by Battery Type (2023-2030)
5.1.1. Lithium-ion (Li-Ion) Battery
5.1.2. Lithium Polymer (Li-Polymer) Battery
5.2. Portable Charger Market Size and Forecast, by Capacity (2023-2030)
5.2.1. 1000-5000mAh
5.2.2. 5001-10000mAh
5.2.3. 10001-15000mAh
5.2.4. 15001-20000mAh
5.2.5. Above 20001mAh
5.3. Portable Charger Market Size and Forecast, by Application (2023-2030)
5.3.1. Smart Phone
5.3.2. Tablet
5.3.3. Laptop
5.3.4. Portable Media Device
5.3.5. Wearable Device
5.3.6. Digital Camera
5.3.7. Other
5.4. Portable Charger Market Size and Forecast, by Region (2023-2030)
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Middle East and Africa
5.4.5. South America
6. North America Portable Charger Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
6.1. North America Portable Charger Market Size and Forecast, by Battery Type (2023-2030)
6.1.1. Lithium-ion (Li-Ion) Battery
6.1.2. Lithium Polymer (Li-Polymer) Battery
6.2. North America Portable Charger Market Size and Forecast, by Capacity (2023-2030)
6.2.1. 1000-5000mAh
6.2.2. 5001-10000mAh
6.2.3. 10001-15000mAh
6.2.4. 15001-20000mAh
6.2.5. Above 20001mAh
6.3. North America Portable Charger Market Size and Forecast, by Application (2023-2030)
6.3.1. Smart Phone
6.3.2. Tablet
6.3.3. Laptop
6.3.4. Portable Media Device
6.3.5. Wearable Device
6.3.6. Digital Camera
6.3.7. Other
6.4. North America Portable Charger Market Size and Forecast, by Country (2023-2030)
6.4.1. United States
6.4.2. Canada
6.4.3. Mexico
7. Europe Portable Charger Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
7.1. Europe Portable Charger Market Size and Forecast, by Battery Type (2023-2030)
7.2. Europe Portable Charger Market Size and Forecast, by Capacity (2023-2030)
7.3. Europe Portable Charger Market Size and Forecast, by Application (2023-2030)
7.4. Europe Portable Charger Market Size and Forecast, by Country (2023-2030)
7.4.1. United Kingdom
7.4.2. France
7.4.3. Germany
7.4.4. Italy
7.4.5. Spain
7.4.6. Sweden
7.4.7. Russia
7.4.8. Rest of Europe
8. Asia Pacific Portable Charger Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
8.1. Asia Pacific Portable Charger Market Size and Forecast, by Battery Type (2023-2030)
8.2. Asia Pacific Portable Charger Market Size and Forecast, by Capacity (2023-2030)
8.3. Asia Pacific Portable Charger Market Size and Forecast, by Application (2023-2030)
8.4. Asia Pacific Portable Charger Market Size and Forecast, by Country (2023-2030)
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. South Korea
8.4.5. Australia
8.4.6. ASEAN
8.4.7. Rest of Asia Pacific
9. Middle East and Africa Portable Charger Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
9.1. Middle East and Africa Portable Charger Market Size and Forecast, by Battery Type (2023-2030)
9.2. Middle East and Africa Portable Charger Market Size and Forecast, by Capacity (2023-2030)
9.3. Middle East and Africa Portable Charger Market Size and Forecast, by Application (2023-2030)
9.4. Middle East and Africa Portable Charger Market Size and Forecast, by Country (2023-2030)
9.4.1. South Africa
9.4.2. GCC
9.4.3. Egypt
9.4.4. Rest of the Middle East and Africa
10. South America Portable Charger Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030)
10.1. South America Portable Charger Market Size and Forecast, by Battery Type (2023-2030)
10.2. South America Portable Charger Market Size and Forecast, by Capacity (2023-2030)
10.3. South America Portable Charger Market Size and Forecast, by Application (2023-2030)
10.4. South America Portable Charger Market Size and Forecast, by Country (2023-2030)
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest Of South America
11. Company Profile: Key Players
11.1. Anker Innovations
11.1.1. Company Overview
11.1.2. Business Portfolio
11.1.2.1. Product Name
11.1.2.2. Product Details (Price, Features, etc.)
11.1.3. Financial Overview
11.1.3.1. Total Revenue
11.1.3.2. Segment Revenue
11.1.3.3. Regional Revenue
11.1.4. SWOT Analysis
11.1.5. Strategic Analysis
11.1.6. Recent Developments
11.2. Sony Europe B.V
11.3. Accutronics Ltd
11.4. Chengdu Khons Technology Co. Ltd
11.5. Omnicharge Inc
11.6. Platinet
11.7. Samsung SCI Co. Ltd
11.8. Lzen Electronics
11.9. Belkin International Inc
11.10. Microsoft Corporation
11.11. Voltaic Systems
11.12. Xiaomi Technology
11.13. Panasonic Corporation
11.14. GP Batteries International
11.15. Anker Innovations
11.16. Ambrane India Private Ltd.
11.17. ASUSTeK Computer Inc.
11.18. Intex Technologies
11.19. Lenovo Group Ltd.
11.20. Beijing Xiaomi Technology Co., Ltd.
12. Key Findings
13. Analyst Recommendations
13.1. Strategic Recommendations
13.2. Future Outlook