Transparency Market Research delivers key insights on the global USB charger market. In terms of revenue, the global USB charger market is projected to expand at a CAGR of 9.6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global USB charger market.
The global USB charger market is broadly affected by several factors - USB chargers with PD are gaining wide popularity and are able to operate at different voltages; safety standards have to be implemented while USB chargers are used; and they are extensively available in various price ranges globally, all of which are propelling the global USB charger market.
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USB Charger Market: Dynamics
In terms of product type, the USB charger market has been classified into USB Type A, USB Type B, and USB Type C. The demand for USB Type A is more, globally. In terms of charger type, the market has been divided into wall charger; portable power banks/docking systems/alarm clock, and car charger. USB chargers, which are portable power banks/docking systems/alarm clock are widely used and have the highest market share globally. Based on port, the market has been categorized into one, two, three, four, and others. USB chargers with one port are widely available in the market. In terms of power, the market has been split into 30W- 45W, 45W – 60W, 60W – 75W, and above 75W. USB chargers between 30W - 45W are preferred by consumers globally.
Based on application, the market has been categorized into smartphones, tablet, laptop, desktop, and others (speakers, camera, etc.). Smartphones are used the maximum with USB chargers. The distribution channel comprises online and offline (organized, and unorganized), of which, the offline channel of distribution holds the highest share. Based on multi-port, the market has been divided into multi- port with fixed power and multi- port with fluctuation power (same port with fluctuation power, different port with fluctuation power). Multi-port with fixed power is dominant.
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USB Charger Market: Prominent Regions
In 2020, North America and Asia Pacific together contributed more than 60% of revenue share to the global USB charger market. Various industries are shifting their manufacturing facilities to the APAC region. APAC is the fastest growing region of the market with a CAGR of 10.9%. Therefore, the market in this region is anticipated to witness the fastest growth rate during the forecast period. The market in Europe and North America is expected to grow moderately due to increasing demand for USB chargers in the upcoming years. The rising demand for innovative and new technology USB products such as portable speaker with USB charging ports, alarm clock with USB charging port, and LED indicator for charging while sleeping that indicate the charging level, is observed in the Asia Pacific region.
USB Charger Market: Key Players
Key players operating in the global USB charger market are AT&T Inc., Eaton Corporation Plc, GP Batteries International Ltd., Maxell Holdings Ltd., Anker Technology Co. Limited, Cyber Power Systems, Inc., AUKEY, Mizco International Inc., Mophie, Inc., Prime Wire & Cable, Inc., E-filliate, Monster Store, Native Union, HGD, MyCharge, EasyAcc.com, Inc., Goal Zero, Insignia, RavPower, Just Wireless, and J5 Create.