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Shaping the Mobile Phone Power Accessories Market in 2025: Innovative Charging Solutions by Mobile Phone Power Accessories Companies
How Big Is the Mobile Phone Power Accessories Market Expected to Be, and What Will Its Growth Rate Be?The market size for mobile phone power accessories has witnessed robust growth in recent years. The market, which is projected to expand from $37.48 billion in 2024 to $40.34 billion in 2025, is expected to witness a compound annual growth rate (CAGR) of 7.6%. Several factors have contributed to the growth in the past such as higher smartphone penetration, continuous technological progress, increasing disposable income, e-commerce boom, and growing mobile usage.
In the coming years, the market size of mobile phone power accessories is predicted to experience robust growth. With a compound annual growth rate (CAGR) of 7.4%, it is projected to reach a value of $53.63 billion by 2029. The growth predicted for the forecast period is due to factors like the introduction of 5G, a rise in the number of mobile users, advancements in technology, trends towards sustainability, and the advent of IoT devices. Key trends anticipated during the forecast period are wireless charging, rapid charging solutions, portable power banks, environmentally-friendly products, multi-purpose accessories, and intelligent power management.
What Key Elements Are Boosting Growth in the Mobile Phone Power Accessories Market?
Increased adoption of smartphones is predicted to fuel the expansion of the mobile phone power accessories market. The surge in smartphone usage is spurred by improvements in user experience and the rise of affordable pricing structures and financing plans. Internet penetration and the increasing preference for online services further amplify the demand for smartphones. Power accessories for smartphones serve to prolong battery life, enabling their consistent daily use. For example, Uswitch Limited, a financial conduct authority based in the UK, reported in February 2024 that mobile connections in the UK had increased to 71.8 million, indicating a 3.8% hike (approximately 2.6 million connections) relative to 2021. By the year 2025, the UK will house 68.3 million individuals, and 95% of them, which translates to around 65 million people, will be smartphone users. The upsurge in smartphone adoption is, thus, projected to steer the growth in the mobile phone power accessories market.
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Who Are the Dominant Companies Influencing Mobile Phone Power Accessories Market Trends?
Major companies operating in the mobile phone power accessories market are Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, Lenovo Group Limited, Panasonic Corporation, LG Electronics Inc., Xiaomi Corporation, Energizer Holdings Inc., Anker Innovations Technology Co. Ltd., OnePlus Technology Co. Ltd., Realme, ZAGG Inc, Belkin International Inc., Spigen Inc, Scosche Industries Inc., AUKEY Official, Baseus, Ambrane India Pvt. Ltd., RAVPower Technology Co. Ltd., iOttie Inc., Satechi Corporation, Griffin Technology, America Ugreen Limited, Power Practical LLC
How Is the Mobile Phone Power Accessories Market Evolving?
Leading manufacturers in the mobile phone power accessories sector are implementing innovative strategies such as the launch of charging devices to establish a competitive advantage. Charging devices are electronic components required to recharge a multitude of devices such as smartphones, tablets, and laptops. For example, in February 2022, Oppo, a prominent consumer electronics company based in China, released their 150W SUPERVOOC high-speed flash charging technology, complemented with a Battery Health Engine (BHE), and the 240W SUPERVOOC flash charge technology in their power accessories selection. OPPO's 150W SUPERVOOC Flash Charge has the ability to charge a 4,500mAh battery to 50% capacity in just 5 minutes, and entirely in 15 minutes, with the Battery Health Engine assisting to prolong battery longevity. The 240W SUPERVOOC Flash Charge can fully charge a 4,500mAh battery in only 9 minutes, providing incredibly fast charging times.
What Are the Different Segmentations in the Mobile Phone Power Accessories Market?
The mobile phone power accessories market covered in this report is segmented -
1) By Product Type: Power Banks, Wireless Chargers, Battery Cases, Portable Chargers
2) By Charging Capacity: Below 5,000 mAh, 5,000 to 10,000 mAh, Above 10,000 mAh
3) By Distribution Channel: Online Retail, Offline Retail
Subsegments:
1) By Power Banks: Standard Power Banks, Fast Charging Power Banks, Solar Power Banks
2) By Wireless Chargers: Qi Wireless Chargers, Fast Wireless Chargers, Multi-Device Wireless Chargers
3) By Battery Cases: iPhone Battery Cases, Samsung Battery Cases, Universal Battery Cases
4) By Portable Chargers: USB Portable Chargers, AC Portable Chargers, Car Portable Chargers
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Which Region Is at the Forefront of the Mobile Phone Power Accessories Market?
Asia-Pacific was the largest region in the mobile phone power accessories market in 2024. The regions covered in the mobile phone power accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Mobile Phone Power Accessories Global Market Report?
- Market Size Analysis: Analyze the Mobile Phone Power Accessories Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mobile Phone Power Accessories Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mobile Phone Power Accessories Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mobile Phone Power Accessories Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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