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Rising Smartphone Adoption Fuels Growth In Mobile Phone Power Accessories Market: Strategic Insights Driving Mobile Phone Power Accessories Market Momentum in 2025
Mobile Phone Power Accessories Market
How Large Will the Mobile Phone Power Accessories Market Size By 2025?
In recent years, the market size for mobile phone power accessories has significantly expanded. The market is forecasted to increase from $37.48 billion in 2024 to $39.7 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.9%. Factors such as increased smartphone usage, advancements in technology, a rise in disposable income, the widespread of e-commerce, and growing mobile usage are the reasons for the growth witnessed in the historical period.
How Big Is the Mobile Phone Power Accessories Market Size Expected to Grow by 2029?
The market for mobile phone power accessories is projected to witness robust growth in the coming years. It is estimated to reach a valuation of $51.11 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%. Factors propelling this growth through the forecast period include the integration of 5G technology, an upward trend in mobile users, advancements in technology, sustainability inclinations, and the advent of IoT devices. During the forecast period, the market will experience trends such as wireless charging, accelerated charging solutions, portable power banks, environment-friendly products, multi-purpose accessories, and intelligent power management.
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Which Key Market Drivers Powering Mobile Phone Power Accessories Market Expansion and Growth?
The expansion of the mobile phone power accessories market is predicted to accelerate due to the increasing use of smartphones. This trend is fueled by improved user experience and greater affordability generated by competitive pricing models and flexible financing options. The growth of the internet and the popularity of online services also contribute to boosting smartphone demand. Power accessories for smartphones help prolong battery lifespan and maintain regular daily usage. For example, in February 2024, Uswitch Limited, a financial authority based in the UK, reported that the number of mobile connections in the country grew to 71.8 million, marking a 3.8% rise (around 2.6 million connections) from 2021. It's projected that by 2025, the UK population will reach 68.3 million, with 95% (approximately 65 million individuals) using smartphones. Thus, the escalation in smartphone usage will be a key factor propelling the growth of the mobile phone power accessories market.
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What Are the Key Trends Driving Mobile Phone Power Accessories Market Growth?
Leading companies in the mobile phone power accessories industry are concentrating on launching new solutions like charging devices to sustain their market dominance. These charging devices are electronic add-ons used to refuel batteries of various electronic devices like smartphones, tablets, and laptops. For example, Oppo, a consumer electronics company based in China, in February 2022 unveiled 150W SUPERVOOC high-speed flash charging technology equipped with a Battery Health Engine (BHE) and the 240W SUPERVOOC flash charging technology in their power accessories range. OPPO's 150W SUPERVOOC Flash Charge can recharge a 4,500mAh battery to 50% in only 5 minutes and fully in 15 minutes, supported by a Battery Health Engine to prolong the battery's lifespan. The 240W SUPERVOOC Flash Charge can bring a 4,500mAh battery to full charge in merely 9 minutes, providing extremely rapid charging rates.
What Are the Emerging Segments 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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Who Are the Global Leaders in the Mobile Phone Power Accessories Market?
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
Which are the Top Profitable Regional Markets for the Mobile Phone Power Accessories Industry?
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.
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