USB Chargers Market Witnessing Steady Growth in Asia Pacific, Finds a New Study

A new business intelligence study titled, “USB Charger Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025” has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the report, the global USB chargers market is likely to reach a valuation of nearly US$ 38 Bn by the end of 2025.

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According to the research report, growing pervasiveness of smartphones is a key factor that is driving the demand for USB chargers around the globe. USB charger demand is also growing on account of growing consumer electronics industry, as many consumers are buying these chargers along with other products like laptops and smartphones.

In order to offer readers in-depth analysis, the research report has segmented the market on the basis of product, charger type, port, and distribution channel. On the basis of product type, the market has been segmented on the basis of type A, B, and C. Among these segments, demand for type C continues to remain robust, and it is highly likely that this segment will remain robust throughout the forecast period. Among the various types of USB chargers available in the market, demand for alarm clock chargers is the highest.

The research report also offers analysis on the key distribution channels in the market. According to the research report, offline channels are currently robust in the market, however, sales of USB chargers through online channels are likely to gain ground during the assessment period.

Browse Full Report Here: https://www.mrrse.com/usb-charger-market

Asia Pacific is likely to be one of the leading markets for USB chargers globally. Demand for USB chargers in Asia Pacific is likely to gain ground during the assessment period on account of rising millennial population and strong smartphone sales. China and India are among the largest markets for smartphones globally, and demand is likely to remain robust throughout the assessment period.

The USB chargers marketplace remains highly fragmented, and a number of leading players have a significant presence in the market. Some of the key players profiled in the research study include AT&T Inc., Bello Digital, Cyber Power Systems, Inc., E-Filliate, DB Power Limited, Baccus Global LLC, Honeycomb, Insignia, Eaton Corporation Plc., Goal Zero., and Xentris Wireless Corporate. In addition to these players, the report also offers analysis on the other key market participants. According to the report, these market players are focusing on launching innovative products and targeting the markets in Asia Pacific to boost their profile.

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This release was published on openPR.