USB Wall Charger Market 2024 - By Size, Share, Growth, Regional Insights, Analysis Report And Forecast To 2033

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.

Market Overview -
A USB wall charger is a device that plugs into a wall outlet to provide power for charging electronic devices, such as smartphones, tablets, laptops, and other USB-powered devices. It typically features an input section that connects to the wall outlet and an output section with a USB port or multiple USB ports for connecting devices. The USB wall charger is designed to convert the AC power from the wall outlet into DC power, which is then used to charge the connected devices.

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Global Surge In Electronic Device Demand Fuels Growth In USB Wall Charger Market
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.

Competitive Landscape -
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

Embracing Fast-Charge Technologies For Enhanced Consumer Experience
Major companies operating in the USB wall charger market are focusing on advanced fast-charge technologies, such as the GaN Charger, to better meet the needs of their existing consumers. A GaN charger is a power adapter leveraging gallium nitride semiconductors, offering an efficient and compact design for faster charging of electronic devices. For instance, in August 2023, Belkin International Inc., a US-based company that manufactures consumer electronics, launched a BoostCharge Pro 140W 4-Port GaN wall charger. The BoostCharge Pro 140W 4-Port GaN wall charger allows users to charge a MacBook Pro at maximum speed or fast-charge an iPad or iPhone while simultaneously charging two other devices. This powerful GaN charger provides convenient access to its three USB-C and one USB-A connector. It works with a broad range of USB-C devices, including tablets, laptops, and smartphones. It has three USB-C and one USB-A connection and can charge up to four devices at once with 140W of total electrical power. It also enables rapid charging for the majority of PD3.1 (EPR) and PD3.0-equipped devices and comes with travel-friendly folding prongs.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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