Press release
Global USB Wall Charger Market Projected to Surpass $1.99 Billion by 2029 with 4.2% Annual Growth
USB Wall Charger Market
The rising global need for electronic devices is anticipated to fuel the expansion of the USB wall charger market in the forthcoming years. Electronic devices, which guide the direction of electric power to process data and might incorporate transistors, silicon chips, or various components, are aspects of hardware. USB wall chargers, which link to a conventional electrical socket to supply power and recharge devices such as mobile phones, tablets, recorders, and other USB-driven gadgets, offer a straightforward standardized method for charging via USB ports. For example, in May 2023, the total production of electronic devices in Japan, as stated by the Japan Electronics and Information Technology Industries Association, a Japan-based industrial association, amounted to $6,722 million (¥771,457 million). Moreover, in May 2023, the production of consumer electronics devices touched $280 million (¥ 32,099 million), an increase from $230.9 million (¥25,268 million) in May 2022. Hence, the escalating global need for electronic devices is propelling the market for USB wall chargers.
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What growth opportunities are expected to drive the usb wall charger market's CAGR through 2034?
The market for USB wall chargers has experienced steady growth over recent years. The value of the market is projected to increase from $1.61 billion in 2024 to $1.69 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.9%. Past growth can be linked to the introduction of USB standards, rise in popularity of portable electronic devices, revolution of smartphones, transition to lithium-ion batteries, and the surge in demand for USB-C connectors.
The market for USB wall chargers is predicted to experience a consistent rise in the coming years, reaching a value of $1.99 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 4.2%. This predicted increase during the forecast period can be attributed to the widespread use of USB type-C, the growing number of IoT devices, increased travel and mobility, the surge of smart homes and integration, and the expansion of e-commerce. Key trends anticipated to occur throughout this forecast period encompass the progression of fast-charging, the incorporation of GaN technology, the dominance of USB-C, advancements in smart charging solutions, and initiatives for eco-friendly charging practices.
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What are the emerging trends shaping the future of the usb wall charger market?
Leading organizations in the USB wall charger market, such as Belkin International Inc., are focusing their efforts on pioneering advanced fast-charge technologies like GaN chargers. These chargers utilize gallium nitride semiconductors, providing an efficient and petite charger that can quickly recharge electronic devices. For instance, in August 2023, Belkin launched its BoostCharge Pro 140W 4-Port GaN wall charger, a product designed for consumers' modern charging needs. This charger offers the capability to rapidly charge a MacBook Pro or to quick-charge an iPad or iPhone, all while simultaneously charging two other gadgets. The travel-friendly BoostCharge Pro 140W 4-Port GaN charger equips consumers with three USB-C and one USB-A outlets, making it compatible with a wide array of USB-C devices such as tablets, laptops, and smartphones. With 140W of total power, this charger can accommodate up to four devices at once. It further offers fast charging for a wide variety of devices equipped with PD3.1 (EPR) and PD3.0, and embodies a sleek design with foldable prongs for ease of travel.
Which growth-oriented segments of the usb wall charger market are leading the industry's development?
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
Subsegments:
1) By 1 Port: Standard 1 Port Chargers, Fast Charging 1 Port Chargers
2) By 2 Ports: Standard 2 Port Chargers, Fast Charging 2 Port Chargers, Smart 2 Port Chargers
3) By 3 Ports: Standard 3 Port Chargers, Fast Charging 3 Port Chargers, Smart 3 Port Chargers
4) By 4 Ports: Standard 4 Port Chargers, Fast Charging 4 Port Chargers, Smart 4 Port Chargers
5) By Other Types: Multi-Device Chargers, Wireless USB Chargers, Solar USB Chargers
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Asia-Pacific was the largest region in the USB wall charger market in 2024. The regions covered in the usb wall charger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the usb wall charger market?
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
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What Is Covered In The USB Wall Charger Global Market Report?
•Market Size Forecast: Examine the usb wall charger market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the usb wall charger market for a structured understanding.
•Key Players Overview: Analyze major players in the usb wall charger market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the usb wall charger market.
•Segment Contributions: Evaluate how different segments drive overall growth in the usb wall charger market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the usb wall charger market.
•Industry Challenges: Identify potential risks and obstacles affecting the usb wall charger market.
•Competitive Landscape: Review strategic developments in the usb wall charger market, including expansions, agreements, and new product launches.
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