Global USB Charger Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global USB Charger Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global USB charger market report has been segmented on the basis of product type, charger type, port, distribution channel, and region.
Global USB Charger Market: Overview
USB (Universal Serial Bus) cable is used to connect many types of portable devices to computers in terms of data transfer. Nowadays, many devices such as smartphones, laptops, and other electronic gadgets are charged using USBs. USB ports have become a universal power socket for many devices such as smartphones, MP3 players, etc. and are available in cars, laptops, aircraft, and wall sockets.
Global USB Charger Market: Dynamics
Growing adoption of electronic devices among individuals and increasing power consumption of electronic gadgets due to consistent use of internet services are some of the major factors expected to drive growth of the global USB charger market. Additionally, increasing demand for USB charger owing to its durability, portability, fast charging, low cost, multiple sockets, etc. is one of the other key factors expected to drive growth of global USB charger market. Increasing demand for advanced functionality in smartphones, which in turn requires extending battery life in order to support the applications and features. This is a factor expected to boost growth of the global market.
However, availability of counterfeit products at comparatively less price is one of the major factors that may hamper growth of the global USB charger market over the forecast period.
Global USB Charger Market: Segment Analysis
Among the product type segments, the USB type C segment is expected to account for major revenue contribution in the global market over the forecast period.
Among the charger type segments, the wall charger segment is projected to register significant growth, due to its fast charging, durable, and more convenient features. The portable power banks segment is expected to account for second-highest share in terms of revenue in the target market, due to high powered devices they provide fast charging, are very inexpensive, and can charge different types of devices.
Among the port segments, the four port segment is expected to register significant growth in the global market, owing to its property that is it can charge many devices at one time.
Among the distribution channel segments, the online segment is anticipated to register significant revenue share in the global market, owing to various features such as convenience of shopping while sitting at home, saves time, offers attractive discounts, easy payment options, easy returns, etc.
Global USB Charger Market: Region Analysis
Asia Pacific USB charger market is estimated to account for the highest revenue share in the global market, due to rapid urbanization, increasing usage of smartphones, laptops, and other electronic devices, and presence of large number of major manufacturers in countries such as China, India, and Japan in Asia Pacific. North America and Europe markets are expected to account for significant revenue shares in the target market. Significant revenue contribution by North America can be attributed to increasing R&D activities and technological advancements by major manufacturers in the US and Canada in this region. Markets in Latin America, and the Middle East and Africa are expected to grow at a moderate rate over the forecast period.
Global USB Charger Market Segmentation:
Segmentation by product type:
- USB Type A
- USB Type B
- USB Type C
Segmentation by charger type:
- Wall Chargers
- Portable Power Bank
- Docking System
- Alarm Clock
- Car Charger
Segmentation by port:
Segmentation by distribution channel:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- AT&T Inc.
- Baccus Global LLC
- Bello Digital
- Cyber Power Systems, Inc.
- DB Power Limited
- Eaton Corporation Plc.
- Goal Zero
- IKEA Systems B.V.
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