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Over the last few years Power Banks and Wireless Charging has been rapidly increasing
in demand, particularly Power Banks from 2019 was valued over 6.8 billion USD but is
now expected to be 18.4% in the near 2027. Same goes to Wireless Charging in general
as it was also valued 6.51 million USD and is expected to be 40.24 million USD. The
growth of such demand and market is due to the ever increasing smartphones, gadgets
etc.(Grand View Research,2020)
For our product, compatibility is still the issue in most gadgets, especially old ones that
doesn’t support wireless charging. Some devices can convert their incompatible wireless
charging devices into a working one. We may add soon a device that can instantly
convert old devices.
For having to innovate a device that can convert old tech into compatible one, we as the
producers/innovators has the problem. But for the part of having old gadgets that are
incompatible with wireless charging, the consumers have the problem.
Just like we have mentioned above wireless and power bank charging has been increasing
in demand and market, over 20 percent for the next 7 years coming into 2027.
(IntradoGlobeNewswire,2020)
Me personally I have asked my friends if they could live without a power bank, well most
of them said no reason being is most of my friends go out a lot, and can’t afford to sit and
wait to charge in this pandemic.
Wireless Charging as of now has been valued at 12.8 M USD this year 2021
(MarketWatch 2021). Power Banks has a value of 11.2 Billion USD in the last 2020.
(KTVN, 2021) Enough to say is still going up in the near future.
Can the Market be Accessed Easily?
Even in our current state of pandemic, it is very still easy to find power banks. Mostly e
commerce websites shopee, Lazada etc. Even Faceboook Marketplace is available.
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