–Transmit Report summary of Transparency Market Research in Oct.2021
According to Transparency Market Research’s last research report on the global power supply and charger market for the historical of 2017-2019 and the forecast period of 2021-2031, increase in population, rise in disposable income, and a surge in demand for clean energy are major factors that are expected to boost the global power supply and charger market during the forecast period
- In terms of revenue, the global power supply and charger market is projected to reach the value of US$79.21 Bn by 2031, expanding at a CAGR of 4.19% during the forecast period
- The power supply and charger market has been classified based on type, output power/voltage, products, and end-use industry. Based on the product, the charger segment is projected to expand at a CAGR of 4.7% from 2021 to 2031. This can be attributed to its emerging application in diverse industries and growing investments in smart city initiatives.
- TOPTAI’s engineering team believes that product demand is becoming more and more segmented, and factories need to provide different types of products according to customer usage scenarios, such as mini power bank, outdoor portable power banks, multi-functional power banks…… and charging devices suitable for different users and different devices. TOPTAI has developed products such as work for Apple Magsafe series power bank, a Huawei cellphone fast charging power bank, and a solar power bank suitable for countries with sufficient solar energy resources.
- Based on the end-use industry, the e-mobility segment of the power supply and charger market is estimated to expand at a CAGR of 4.7% from 2021 to 2031, due to an increase in investments in EV charging infrastructure and a rise in the rate of adoption of electric vehicles. Furthermore, the tools & Garden equipment segment is projected to expand at a CAGR of 4.6% from 2021 to 2031.
From this data chart we can see that “Plug-in power supply” is the big trend in this yield. Toptai travel power bank is in line with this development trend. It with an AC plug, supports 100-240V-50/60Hz 0.5A input, at the same time supports discharging when charging, built-in lighting, and type C 2 charging cables, for different devices’ portable charging.
