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The growing demand for multifunctional and versatile USB chargers is expected to drive the global USB charger market growth. A multifunctional USB charger is equipped with one USB-C port rated 3A, and three USB-A ports rated 2.4A each. In addition, chargers with different power rates from two ports have proved to be a valuable tool for consumers. The surge in demand for USB type C charger owing to its fast-charging technology is propelling the growth of the overall USB charger market.
Due to the increased penetration of smartphones in the Asia Pacific, the region is expected to be a significant market for USB chargers over the forecast period. North America and Europe are also major markets for the product owing to the high demand for state-of-the-art technology and smartphones and increasing disposable incomes in the regions.
Anker Technology Co. Limited., Mophie Inc., EasyAcc.com Inc., Cyber Power Systems, Inc., and AT&T Inc. (NYSE: T) are some of the key players in the USB charger market. While leading players control a significant share of the global market, it is estimated that new entrants will enter the market and expand their share in the industry. For instance, China's smartphone giant Meizu claims that its 'Super mCharge' technology, which was officially launched in 2018, can recharge batteries seamlessly in just 20 minutes. Such developments are expected to aid the industry growth over the forecast period.
Market Breakup by USB Type, Charger Type, Port, Power, Application, Distribution Channel, Multi-Port, and Region:
Key Findings of the Report:
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The major players in the global USB charger market are Anker Technology Co. Ltd, AT&T, Inc., Cyber Power System, Inc., EasyAcc.com, Inc., GP Batteries International Ltd, Mophie, Inc., and Prime Wire & Cable, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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