Growing use of smart devices to position wearable devices

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Rockville, Oct. 14, 2022 (GLOBE NEWSWIRE) — Fact.MR’s The latest study provides an unbiased analysis of the portable device charging station market for the next decade. It provides compelling insights into the growth drivers, restraints, and consumer demands influencing the Portable Device Charging Station sales. In addition to that, it provides information about opportunities in various segments including product type, connection capability, mounting type, end user and region.

Fact.MR – A market research and competitive intelligence provider: The global portable device charging station market size reached USD 158 million in 2022 and is projected to expand at a CAGR of 5.4% between 2022 and 2032, totaling a valuation of USD 267.3 million. US dollars by 2032.

The increasing adoption of portable device charging stations in various industries such as aviation, healthcare, retail, hospitality, education, etc. is a key factor driving the demand for portable device charging stations in the market.

Portable device charging stations are mobile charging devices or charging stations used to charge the batteries of electronic products such as smartphones and tablets. These portable device charging stations are installed by companies to provide an instant solution to dead batteries and allow consumers to maintain their battery levels and keep their devices up and running.

Over the years, the increasing use of portable devices such as smartphones, tablets, and laptops has prompted the need for portable charging stations in various public establishments, including restaurants, hotels, and educational institutions. . This plays a crucial role in propelling the growth of the portable device charging station market and the trend is expected to continue during the forecast period.

Likewise, the increasing penetration of digitalization across the world will continue to positively influence the sales of portable device charging stations during the assessment period.

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In addition, the growing popularity of electric vehicles along with the introduction of new portable charging products will create significant lucrative opportunities for portable device charging station manufacturers in the coming years.

Regionally, North America will continue to dominate the global portable device charging station market, accounting for the largest share of 31.4% in 2022. The growth of the portable device charging station market in North America is driven by the rapid penetration of digitization and the growing use of portable electronic products. , and strong presence of major manufacturers in the United States

Key points to remember:

  • By product type, the standard charging station segment is expected to grow steadily over the forecast period.
  • Based on the type of mounting, the demand for table-mounted portable device charging stations is expected to grow at a significant rate through 2032.
  • The North America portable device charging station market size reached a total of US$50 million in 2022.
  • With a share of approximately 23.3% in 2022, the market for portable device charging stations in Europe has reached $37 million.
  • China’s portable device charging station market is worth US$24 million in 2022.

Growth drivers:

  • The increasing use of portable devices such as smartphones and laptops is pushing the demand for portable device charging stations.
  • The rapid shift towards electric and hybrid vehicles will continue to propel the growth of the portable device charging station market during the forecast period.
  • The advancement of portable device charging stations is expected to create lucrative opportunities for manufacturers over the next decade.

Constraints:

  • The high cost of charging stations for portable devices is restraining the growth of the market.
  • Low availability of portable device charging stations in various developing and underdeveloped regions also limits the growth.

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Competitive Landscape:

Leading manufacturers of portable device charging stations are constantly focusing on expanding their product portfolios by launching new products. Moreover, they have adopted various strategies such as mergers, partnerships, collaborations, etc. to gain a competitive advantage in the market.

For instance,

  • In 2022, Ez4EV Private Limited, a battery storage and charger development, launched its innovative EzUrja mobile charging solution for electric vehicles.
  • In 2019, Rabbit launched its first-ever network of portable cell phone charging solutions that will provide affordable and fast mobile charging at bars, hotels, restaurants, and popular venues in Nashville and surrounding cities.

Top Companies Featured by Fact.MR

  • KIOSK Information Systems
  • KioWare
  • Olea Kiosks
  • ChargeitSpot
  • Parabit Systems
  • Speed
  • Frank Mayer & Associates Inc.
  • goCharge
  • light box
  • ChargeTech
  • Turnkey booths

More Valuable Insights into Portable Device Charging Kiosk Market

In the latest study, Fact.MR provides a 360 degree view of the Global Portable Device Charging Stations Market for the forecast period 2022 to 2032. The report also highlights key factors such as recent developments and growth drivers influencing wearable device sales. Charging Station Market through detailed segmentation as follows:

By product type:

  • Standard charging stations
  • Locker Loading Kiosks

By connection capacity:

  • Less than 5 connections
  • 5 – 8 Connections
  • 8 – 10 Connections
  • More than 10 connections

By type of assembly:

  • Free Standing Portable Device Charging Kiosks
  • Wall-mounted portable device charging stations
  • Table Mounted Portable Device Charging Stations

Per end user:

  • Aviation/public transport sector
  • Banking sector
  • Corporate facilities
  • Educational institutes
  • Events and trade shows
  • Health sector
  • retail market
  • Hotel sector

By region:

  • North America
  • Latin America
  • Europe
  • APAC
  • AEM

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Key questions answered in the Portable Device Charging Stations market report

  • What will be the demand outlook for the portable device charging station market in 2022?
  • What is the projected growth rate of the global portable device charging station market in 2022-2032?
  • What are the key drivers driving the growth of the Portable Device Charging Stations market?
  • What factors are hindering the growth of the Portable Device Charging Stations Market?
  • Which region is expected to show the fastest growth in the global portable device charging station market in 2022-2032?

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About Fact.MR

Fact.MR is a market research and advisory agency with deep expertise in emerging market intelligence. Covering a wide range – from automotive and industry 4.0 to healthcare, technology, chemicals and materials, even to the most specialized categories. We are committed to providing information that helps companies better understand their target markets. We understand that making sense of the vast maze of data can be overwhelming for businesses. That’s why focus on offering information that can really make a difference in terms of results.

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