Posted on Friday, May 14th, 2010 at 3:09 pm
There has been an influx of portable technology over the last two decades with mobile phones, laptops, global positioning systems (GPS), e-readers and gaming devices coming into common use. Most of these devices are powered by rechargeable batteries and require frequent charging, highlighting the need for a continuous source of power. A green battery charger that uses solar or wind energy provides the user with inexhaustible clean power on demand as well as mobility, paving the way for lucrative market opportunities in the European renewable chargers market. Mobile phones and laptops represent a major market for green chargers due to their heavy usage and the need for frequent charging. New analysis from Frost & Sullivan, Opportunities for Green Battery Chargers, expects the green charger market to grow at a CAGR of 15 percent from 2008 to 2014. The growth rate is expected to be slow in 2010 due to the recession and prices for these chargers being high as compared to conventional chargers. Moreover, awareness levels are still low and only a select few customers prefer such products. Some chargers such as wind and piezoelectric are still in pilot or predevelopment stage. Growth is expected to increase towards the end of the forecast period with increase in mobility, awareness and environmental issues. The types of battery chargers covered in this research are solar chargers and wind chargers.
