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Global USB Charger Market to Grow at a CAGR of 1.6% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global USB Charger Market Report and Forecast 2020-2025’, the global USB charger market attained a value of around USD 30 billion in 2019. The industry is further expected to grow at a CAGR of 1.6% in the forecast period of 2020-2025 to reach a value of around USD 33 billion by 2025.

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:

  • The USB charger market based on USB type can be divided into USB type A, USB type B, and USB type C.
  • Based on the charger type, the market can be divided into wall charger, portable power banks/ docking system/ alarm clock, and car chargers.
  • On the basis of the port, it can be classified as one, two, three, four, and others.
  • The market, on the basis of power, can be divided into 30W – 45W, 45W – 60W, 60W – 75W, and above 75W.
  • Based on the application, the industry can be divided into smartphones, tablets, laptops, desktops, and others.
  • The distribution channels for the USB charger include both offline and online facilities.
  • Based on multi-port, the market can be bifurcated into multi-port with fixed power and multi-port with fluctuation power.
  • The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Owing to the high usage and availability of many products that require USBs for charging, USB chargers have gained tremendous popularity throughout the world.
  • The growing smartphone penetration in emerging economies will further facilitate the industry growth.
  • The growing demand for USB chargers in developing economies due to rising incomes and growing e-commerce industry are contributing to the growth of the industry.
  • The USB type C power supply is a modern configuration standard that provides faster and more versatile charging technology. This is expected to aid the USB charger market in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global USB charger market for the periods (2015-2019) and (2020-2025).
  • The report offers the historical (2015-2019) and forecast (2020-2025) market information for the USB types, charger types, ports, power, applications, distribution channels, multi-ports, and major regions of USB chargers.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter's Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence companies, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and evergrowing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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