Based on the technology, it is expected that lithium ion battery would lead the portable charging units market as compared to lithium polymer and other batteries owing to the great cost to energy ratio and high energy density. However, lithium polymer batteries are expected to grow at a higher CAGR than lithium ion batteries owing to the light weight and better safety.
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Global Portable Charging Units Market: Dynamics
Enhanced consumer purchasing power, better living standard and quick economic development have impacted the electronics market well. Some devices are available with lower battery capacity and thus the demand for portable charging units have been rising simultaneously with the rise in number of devices. Moreover, spread of smartphone technology promoted the growth of the portable charging units globally. Rising demands for tablets, smartphones, and other digital gadgets have fuelled the expansion of portable charging units market till date.
A key trend identified in the global portable charging units market is the introduction of sleek power banks in the market.
Global Portable Charging Units Market: Region-wise Outlook
Considering regions, Asia Pacific accounts for the major market share followed by other regions. The region accounts for more than 1/3 [rd] share of the global portable charging units market and is expected to maintain the same trend over the forecast period. China is the most prominent regional market and increased demand for the portable charging units has created significant growth opportunities on a global level as well.
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Global Portable Charging Units Market: Market Participants
Examples of some of the market participants in the portable charging units market identified across the value chain include Platinet S.A., BIC Graphic, Samsung Sdi Co. Ltd., Sony Corporation, mophie, inc., Panasonic Corporation, SIMPLO TECHNOLOGY CO. LTD., GP Batteries, Xiaomi Technology Co., Ltd. and Microsoft Corporation, among others.
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