USB Wall Charger Market

Global USB Wall Charger Market Outlook

The USB wall charger market is estimated at USD 1,580 million in 2022 and is projected to reach USD 2,931 million by 2032, growing at a CAGR of 6.3% from 2022 to 2032.

The USB wall charger market accounts for 12% of global electronic accessories market in 2022 and is expected to surge due to increased internet penetration and power consumption of electronic gadgets The USB wall charger market is expected to gain an absolute $ opportunity of USD 1,351 million during the assessment period 2022-2032.

Increase in demand of smartphones, laptops and other electronic devices strengthens its product reach. Increase in its market size will help USB wall charger surge protector to gain traction in upcoming half-decade. Moreover USD wall charger camera has gained popularity from past 2-5 years.

The USB wall charger is a universal power adapter that permits users to plug in multiple varieties of electrical socket. It is designed to deliver power specific to different electronic devices like laptop, iPad, IPhone. Advantages such as portability, low cost, high durability, multiple socket options and comparatively faster charging provides true customer satisfaction.

A USB wall charger of varying power level and ports are available in market. Key regulatory bodies have strict regulations to test the safety of sockets of the USB charger. As a result, manufacturers are focusing on producing chargers that adhere to safety standards which is expected to influence the consumer inclination towards USB wall chargers.

Alongside, rising adoption of updated technology and increase in consumer spending capacity on electronic goods is expected to propel the demand for USB wall charger during the assessment year.

Report Attributes	Details
Base Year Value (2021A)	1,504 million
Estimated Year Value (2022E)	USD 1,580 million
Projected Year Value (2032F)	USD 2,931 million
Value CAGR (2022-2032)	6.3%
Collective Value Share (US, UK, China) 2022: Top 3 Countries	53.8%
Key Companies Profiled	Eaton Corporation Plc Anker Technology Co. Limited Mizco International Inc. Mophie, Inc. Monster Store AT&T Inc. GP Batteries International Ltd. Maxell Holdings Ltd. Cyber Power Systems, Inc. AUKEY Prime Wire & Cable, Inc. E-filliate Native Union HGD MyCharge EasyAcc.com, Inc. Goal Zero Insignia RavPower Just Wireless J5 Create

2017-2021 Global USB Wall Chargers Market Outlook in Comparison to 2022-2032 Growth Forecast

Digitalization has increased the usage of all electronic devices which in turn is expected increase the demand for fast charging USB devices. Huge investments in upgrading technology across different fields to enhance consumer experience and convenience is expected to positively affect the market expansion for USB chargers that are inexpensive and long lasting.

Manufacturers are developing functional features in multiple port USB chargers to enable charging of many devices at the same time.

New type of chargers like ‘USB Power Delivery’ that are suitable for quick charging facility along with the variable voltage up to 20 Volts using an intelligent device negotiation up to 5A at 100W are available in market. Increase in pressure at work and tight deadlines is expected to convince consumers to buy these chargers that considerably reduce charging time and have built-in systems that avoids overheating to ensure safety of user.

Consumers are predicted to rely heavily on online sales channel to purchase electronic items and so brands are emphasizing on developing their e-commerce sites and build strong distribution network to ensure easy availability of electronic products.

Key players are setting up new production facilities to cater to rising demand for USB wall chargers in the market Alpine 4 Holdings, Inc. acquired ElecJet an industry leader in Lithium /Graphene battery manufacturing and design. They likely to convert its South Bend facility in South Indiana into a US battery production facility to penetrate graphene battery production in United States

USB Wall Charger Market Gaining Traction in the Industry

Consumers are focusing on power level and energy efficiency while choosing a correct charger for their electronic devices. High competition among companies to offer additional features like low energy consumption and multiple device charging in addition to protection against fluctuating nature of current is expected to push availability of innovative chargers in the market.

Restraining Factors of USB Wall Charger Market

Prevalence of counterfeit USB chargers that are sold at cheaper rates is a major hindering factor for the growth of quality USB chargers. It is essential to develop stringent regulations to prohibit sale of sub-standard products to boost the demand for durable, superior quality USB wall chargers. Another restraining factor is increase in power consumption which has a negative impact on the environment in addition to manufacturing of product which increases carbon footprint.

Impact of COVID-19 on the USB Wall Charger Market

Covid-19 affected the USB wall charger market adversely due to closure of many electronic product manufacturing plants. Travel ban resulted in unavailability of products across stores due to closure of companies and scarce raw material sources. Consumer purchases were limited to essential items which affected the sale of USB wall chargers and electronic accessories which were not of primary concern to consumers during complete lockdown.

But as the economy, revives the demand for USB wall chargers is expected to escalate because of increase in usage of laptops, phones and mobiles for work and entertainment purposes. Consumers are on lookout for USB chargers that are light weight, multipurpose and provide safety assurance.

Country-wise Insights

What is the market scenario of USB Wall Charger in Latin America?

Latin America is predicted to show market growth for wall charger market attributing to increase in usage of electronic devices. Manufacturers in the regional market are focusing on offering innovative USB wall chargers to ensure speedy charging that does not damage batteries due to overheating. These factors are expected to open many opportunities in the USB wall charger market and expand with a growth rate of 6.1% for next 5-years.

What is driving the Asia-Pacific USB Wall Charger market?

Asia-Pacific is expected to be the market leader in the USB wall charger market. The technological advancement and digitalization in the developing countries is expected to bring in maximum revenues. Countries like China and India are expected to contribute maximum regional share owing to rising demand of USB chargers due to upsurge in use of electronic devices for official and personal purposes.

Companies are using online channels in order to reach out to broader range of consumers. Considering the present market scenario, USD wall charger market in China is poised to grow with a multiplication factor of 2.5X during forecast period of 2022-2032.

Category-wise Insights

Which type of USB wall chargers are expected to be in demand during 2022 in the USB wall chargers industry?

USB charger-C PD is adaptable to iOS (Apple) and Android (Google, Samsung devices) delivering higher levels of power than standard charging to enable faster and flexible charging. Consumers are preferring these type of chargers as they can quickly charge the phone up to decent level when in rush for work. Ergo, high consumer preference will escalate C-Type PD USB charger to gain around 257 BPS during 2022-32.

Which port type contributes maximum to revenue generation during assessment period?

Multi-port USB chargers are in demand as consumption of electronic devices with short battery life is likely to show an incredible increase. Incorporation of SmartLiz technology in multi-port USB wall charger is gaining traction, due to its ability to offer high-speed charging by automatically identifying nature of the connected device.

Companies are offering high warranty in case of any defect to retain consumers in the competitive market of USB wall chargers. Considering the aforementioned factors, multi-port USD charger is expected to gain around ~13.1% share of overall USB wall charger market.

Competitive Landscape

USB wall charger manufacturers are exploring new technologies focusing on ease of use to end-consumers. Key manufacturers are acquiring companies to enhance their market presence and expand their operations via online channels.

For instance :

• A Gallium Nitride (GaN) II technology inclusive Nano II series charger was introduced by Anker Innovations in 2021 which comprise 30, 65 & 45 Watt chargers with fast charging capabilities.
• A 30 W USB-C & USB-A integrated wall socket launched by BG Electrical in 2021 guarantees fast charging for smart phones, tablets and laptops.

Global USB Wall Chargers Market by Category

• By Product Type :

  • USB Type A
  • USB Type B
  • USB Type C
    • With PD
    • Without PD

• By Charger Type :

  • Wall Charger
  • Portable Power Banks/Docking System/ Alarm Clock
  • Car Charger

• By Port Type :

  • One
  • Two
  • Three
  • Four
  • Others

• By Power Type :

  • 30W – 45W
  • 45W – 60W
  • 60W – 75W
  • Above 75W

• By Application :

  • Smartphone
  • Tablet
  • Laptop
  • Desktop
  • Others (Speaker, Camera, etc.)

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East Africa