The new report by Expert Market Research titled, ‘Global USB Charger Market Share, Size, Trends, Demand, Report and Forecast 2022-2027’, gives an in-depth analysis of the global USB charger market, assessing the market based on its segments like USB types, charger types, ports, power, applications, distribution channels, multi-ports, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
USB Charger Market Size, Share, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): About USD 27 Billion
- Forecast CAGR (2023-2028): 6.8%
- Forecast Market Size (2028): Nearly USD 40 Billion
The increasing adoption of smart electronic devices such as mobile, laptop, and tablet, among others, is driving the demand for chargers. In addition to this, the increasing penetration of electronic gears in enterprises, in order to boost the operational efficiency, is further propelling the USB charger market.
Over the forecast period, the heightened adoption of electronic gadgets in various end-use industries such as BFSI, and healthcare, among others, is likely to accelerate the demand for USB chargers. In terms of region, the Asia Pacific region accounts for a significant share in the market owing to the large population base in emerging economies such as India and China.
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USB Charger Industry Definition and Major Segments
USB charger, also known as universal serial bus charger, is defined as a portable power adapter which generates a current varying from .07A to 2.4A through 5 volt standard DC. These types of chargers are connected through a USB socket and are known to charge different electronic gears.
On the basis of USB type, the market can be segmented into:
- USB Type A
- USB Type B
- USB Type C
The significant charger types included in the market are as follows:
- Wall Charger
- Portable Power Banks/ Docking System/ Alarm Clock
- Car Chargers
The market can be broadly categorised based on port into:
On the basis of power, the market has been divided into:
- 30W – 45W
- 45W – 60W
- 60W – 75W
- Above 75W
The significant applications of the product include:
By distribution channel, the market can be bifurcated into:
Based on multi-port, the market has been divided into:
- Multi-Port with Fixed Power
- Multi-Port with Fluctuation Power
The regional markets for USB charger include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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USB Charger Market Trends
The key trends in the USB charger market include the growing research and development activities by the major charger manufacturers to meet the growing demand for fast charging systems. The anticipated increase in adoption of smartphones in the emerging economies owing to the rising disposable income, rapid urbanisation, and growing dependence on mobile applications are likely to be the crucial trends in the market.
Moreover, USB chargers are compatible with the environment and allows the users to charge in personal vehicles, airports, or hotels, among others. This factor is anticipated to accelerate the demand for USB chargers in the coming years.
Key Market Players
The major players in the market are Anker Innovations Limited, AT&T Inc., Cyber Power Systems (USA), Inc., GP Batteries International Ltd., Apple Inc., and Prime Wire & Cable, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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