Portable Chargers --A technology Trend or Neccessity Created Due to Emerging Smartphone,Tablets Markets.."A New Market/Industry Created Due to Emerging of Others"

Smart Phones,Tablets,PS-Vita,I-Pods,Portable Speakers and many More these techno Gadgets Created a Never Ending and Exponential Growth Markets everyday we use to hear ,Newer and Newer launches of the Techno-gadgets...

In a way if we see PORTABLE CHARGER INDUSTRY  is Born Becoz of the Growth of the Above mentioned Industries Specially Smart Phone Industry which became Necessity from the level of aspiration.
Now a Middle class family in almost any country cant imagine their life without smartphones.

1-Industry Reports as per IDC predicts the Shipments to touch 2 Billion in a year by 2019.

2-Apart From that there are almost 7-8 billion gadgets including Ipods,tablets,smartphones which work on Power Back ups.

3-So in a way we can That Portable Chargers can be mammoth as it is all other Technologies are dependent on it.

4-Many regional and Local Players in this Industry but when MNC's realize the Importance of this industry,they also stepped in.

5-Global market for Battery Chargers is projected to reach US$16 billion by 2020, driven by the growing demand for battery-powered electronic devices and equipment. Emergence of new classes of Batteries based on innovative materials is giving rise to increased demand for sophisticated charging mechanisms capable of improving charging speed and ensuring safety. Especially poised to benefit are safe chargers that prevent overvoltage and protect the battery and electronic device during charging. Growth in Asia-Pacific, a major market, is led by rising standard of living, huge population base, and adoption of mobile phones and electric vehicles.

                                                  16$ billion in 2020

 

6-The United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 7.5% over the analysis period.

 

7-Companies Like Sony,Xiaomi,Potronics,Planotronics already in the race for market share along with 1000s of Locals Brands.