USB Wall Charger Market 2024 -2033: Global Outlook, Industry Share, Business Growth And Major Players

"The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.

The Business Research Company presents an extensive market research report on the USB Wall Charger Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The usb wall charger market size has grown strongly in recent years. It will grow from $1.52 billion in 2023 to $1.61 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to introduction of usb standards, proliferation of portable electronic devices, smartphone revolution, shift to lithium-ion batteries, popularity of usb-c connectors.

The usb wall charger market size is expected to see steady growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to proliferation of usb type-c, expansion of iot devices, increasing travel and mobility, smart homes and integration, e-commerce growth. Major trends in the forecast period include fast-charging evolution, integration of gan technology, usb-c dominance, smart charging solutions, green charging initiatives.

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Key Market Players:
Major companies operating in the usb wall charger market report are AT&T Inc., Eaton Corporation plc, Koninklijke Philips N.V., Anker Innovations Co. Ltd, GP Batteries International Limited, Otter Products LLC, Belkin International Inc., CyberPower Systems (USA) Inc., Scosche Industries Inc., Aukey Official, Maxwell Technologies Inc., Jasco Products Company LLC, Rayovac Corporation, Prime Wire & Cable Inc., Mizco International Inc., Native Union Design Limited, E-filliate Inc., iLuv Creative Technology, Goal Zero LLC, Incipio LLC, RAVPower Technology Corporation Limited

Market Drivers:
The increasing demand for electronic devices across the globe is expected to propel the growth of the USB wall charger market in the coming years. Electronic devices are hardware elements that govern the flow of electrical energy to process information, and they may have transistors, silicon chips, or other components. USB wall chargers connect to a regular electrical outlet to provide electricity and recharge gadgets such as cellphones, tablets, recording devices, and other USB-powered devices. They provide an easy and standardized way to charge devices using USB ports. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic device production in Japan accounted for $6,722 million (¥771,457 million). In addition, consumer electronics device production reached $280 million (¥ 32,099 million) in May 2023, compared to $230.9 million (¥25,268 million) in May 2022. Therefore, the increasing demand for electronic devices across the globe is driving the USB wall charger market.

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The usb wall charger market covered in this report is segmented -
1) By Type: 1 Port, 2 Ports, 3 Ports, 4 Ports, Other Types
2) By Technology: Standard, Quick Charge, Power Delivery, Other Technologies
3) By Distribution Channel: Online, Offline
4) By Application: Individual, Commercial, Other Applications

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