USB Wall Charger Market - Notable Highlights
- Belkin International, Inc. and Foxconn Interconnect Technology Limited (FIT) signed a definitive agreement in 2018. As per the agreement, FIT agreed to acquire Belkin International for approximately US$ 866 million in cash. This acquisition was aimed at fostering research and development capabilities and tapping into opportunities in the premium accessories market.
- Jasco Products Company, LLC entered into an agreement with Gibson Innovations in 2017 for distribution of Philips accessories in the categories of consumer electronic, mobile and home power for the U.S. and Canadian markets.
- Anker Technology Co. Limited released the PowerCore+ 26800 Power Delivery in the year 2017. This product has the highest compatible external battery with power delivery technology and is capable of charging the Nintendo Switch in portable mode, Apple’s iPad Pro, and other varieties of USB-C Power Delivery-enabled devices at optimal speed.
- Scosche Industries, Inc. announced a new line of home and vehicle charging/power delivery products using USB-C™ Power Delivery technology in the year 2018. This product is one-of-its-kind in terms of providing fastest charge possible for both smartphones and tablets.
The report on USB wall charger market also features the other key players operating in the market space. The other market players profiled in the report include Poweradd, Intex Technologies (India) Ltd., iClever, Koninklijke Philips N.V., Aukey, and 360 Electrical, LLC.
Tier 1 Players Hold 5-10% Revenue Share, Distinguishable Products with Integrated Advancements Remains a Key Strategy
The USB wall charger market remains highly-fragmented, with widespread presence of several small to medium-sized regional players that are competing with established companies. The nature of this fragmented and highly-competitive market conveys low or no entry barriers with sporadic product innovations.
The tier 1 players hold nearly 5-10% revenue share and focus on offering distinguishable products with integration of advanced technologies. Moreover, the tier 1 players also remain focused on expanding production facilities and entering into strategic alliances with regional players to enhance their bottom lines and retain their market sustenance.
Need for Simultaneous Charging of Multiple Devices Boosts Adoption of Multi-Port USB Wall Chargers
Demand for USB wall chargers is on a persistent rise against the backdrop of short battery lives of the new-age electronic devices. With prolonged use of electronic devices such as smartphones, tablets, and laptops in conjunction with evolving hi-tech lives, the multi-port USB wall charger is being rapidly adopted for charging multiple devices at the same time. Compatibility and fast-charging remain two of the key attributes of a multi-port USB wall charger, thereby fostering its overall popularity quo.
Integration of SmartLiz technology in multi-port USB wall charger is gaining swift prominence, owing to its ability to offer high-speed charging by automatically detecting nature of the connected device. Furthermore, compact multi-port USB wall chargers with high warranty period is gaining significant customer appreciation in terms of usability.
Growing Focus on Certified USB Chargers: Challenge for Unorganized Players, Opportunity for Leading Players
Marked preference by end-users for certified USB chargers is becoming more evident than ever. Consumer orientation toward quality than quantity is likely to favor the growth of leading players in the market. However, the unorganized players may face a decline in adoption of their products.
Prominent players such as Belkin International, Inc., Anker Technology Co. Limited, and Philips have ensured quality-based and standard certifications to enhance customer retention. A recent sampling and compliance project was held by Health Canada, wherein multiple numbers of uncertified USB chargers were tested and were found to pose unacceptable risks of electric shocks. Moreover, ‘The Certified USB Charger Initiative’ was designed with an objective of helping consumers get rid of low-quality or non-compliant USB chargers. Particulars, as such, are likely to make it tough for the unorganized manufacturers to scale up in terms of profits in the USB wall charger market space.
Shift toward USB Type-C Connector as the Latest USB Interface - A Prominent Trend
Transition to USB type-C (USB-C) interface is apparently underway across multiple segments. Efficacy in terms of seamless transfer of data and video along with superlative charging abilities is fostering the popularity of USB type-C in diverse verticals, such as smartphones and laptops.
With smaller and thinner versions of electronic devices getting introduced, the conventional and massive USB ports have become complete misfits. With USB Type-C offering a new connector standard with small size and high-scale recognition of its associated benefits, USB-C interface is highly likely to proliferate in case of new-age devices.
USB Wall Charger Market- Definition
The USB wall charger refers to a universal power adapter that enables users to plug into multiple varieties of electrical socket. A USB wall charger optimally delivers power requirements as much as the device needs. A USB wall charger is designed in a way so that it is compatible with a wide range of mobile devices such as Apple iPhone, iPad, android phones, and laptops.
USB Wall Charger Market- About the Report
Fact.MR has published a new study of USB wall charger market, wherein the growth roadmap of the USB wall charger market has been studied for the forecast period of 2018-2027. The report on USB wall charger market offers an extensive coverage of the all the vital aspects of USB wall charger market that have a profound influence on the growth of USB wall charger market.
USB Wall Charger Market Structure
The USB wall charger market has been segmented on the basis of type, application, and region. By type, the USB wall charger market has been segmented into 1-port, 2-port, 3-port, 4-port, and others.
By application, the USB wall charger market has been classified into commercial, individual, and others. The USB wall charger market has been analyzed across key regions of North America, Latin America, Europe, Japan, APEJ, and MEA.
USB Wall Charger Market- Additional Questions Answered
Apart from the aforementioned insights on USB wall charger market, the USB wall charger market report also addresses some of the additional questions apropos of USB wall charger market for the business professionals interested in business expansion in the global USB wall charger market-
- Based on various port configurations, which type will be the top-selling one in the USB wall charger market?
- By application, which application would be the largest application in the USB wall charger market?
- What are the prevalent trends having far-reached impacts on the growth of USB wall charger market?
- What are the major challenges that the manufacturers would have to face in the USB wall charger market?
- What are the latent opportunities for the market players of USB wall charger market to gain high profit-margins in the USB wall charger market?
USB Wall Charger Market- Research Methodology
The USB wall charger market report offers a detailed and thorough elaboration on the research methodology leveraged to analyze the USB wall charger market. In the research methodology section of USB wall charger market report, multi-pronged research approaches have been used, such as primary research and secondary research, to garner useful and actionable insights on the growth course of USB wall charger market.
The primary research approach in the USB wall charger market research methodology comprises of a comprehensive interviews and interactions with industry experts and domain-specific analysts. Moreover, the secondary research in the USB wall charger market research methodology involves an in-depth study of vital industry databases, published industry particulars, published articles, and other credible sources.
The report on the USB wall charger market published by Fact.MR puts spotlight on the key insights, and forecast factors on the USB wall charger market along with a comprehensive analysis of the USB wall charger market. The report on the USB wall charger also emphasizes on the micro and macro-economic factors influencing growth of the USB wall charger market. The study on USB wall charger also provides a comprehensive analysis of the dynamics including pervasive trends, growth drivers, expansion challenges, and latent opportunities in the USB wall charger market. Moreover, the report also enunciates on all the key factors having major contribution to the growth of USB wall charger market that is imperative to have clear insights on the growth of USB wall charger market.
Chapter 1- Executive Summary
The chapter in the report offers detailed analysis of the complete market overview and roadmap of USB wall charger market. The report also elucidates expert recommendations and suggestions on the USB wall charger market by experts.
Chapter 2- Market Overview
This chapter talks about details of the USB wall charger market taxonomy, wherein the discrete segments are discussed and evaluated to determine their lucrativeness. Moreover, this section also gives a succinct definition of the product ‘USB wall charger’.
Chapter 3- Market Dynamics
This chapter gives details on the key drivers, trends, restraints, and opportunities for the readers to take notes of. Moreover, the relevant impact on each component of the market dynamics on the overall growth of USB wall charger market has been deeply analyzed and studied.
Chapter 4- Key Assessment
Right from analysis on the evolution of the USB wall charger market to categories and types of USB, this chapter incorporates every single aspect associated with the USB wall charger market. Moreover, the macro-economic factors instrumental in gauging growth of USB wall charger market have also been analyzed in this chapter with a region-wise positioning assessment.
Chapter 5- Price Point Analysis
This chapter discusses price points by region and by type and also underlines its impact on the expansion of market players in the USB wall charger market. Moreover, multi-pronged factors influencing the pricing have also been discussed in detail in this chapter.
Chapter 6- Global USB Wall Charger Market Analysis and Forecast
This chapter is all about the analysis of current market size and a detailed forecast in terms of various segments of the USB wall charger market. This incorporates a revenue comparison along with Y-O-Y comparison in terms, which will be useful to determine growth of the USB wall charger market.
Chapter 7- North America USB Wall Charger Market Size and Forecast
This chapter gives an in-depth analysis of the North America USB wall charger market along with regional trends having in-depth impact on the regional market growth. The chapter also offers a country-wise analysis with market share of all the prominent countries in the USB wall charger in North America.
Chapter 8- Latin America USB Wall Charger Market Size and Forecast
This chapter talks about details of the Latin America USB wall charger market and revenue forecast for key countries of Latin America. Moreover, all the regional trends influencing growth of this regional market has also been included in this chapter.
Chapter 9- Europe USB Wall Charger Market Size and Forecast
This chapter focuses on the growth of Europe USB wall charger market and key revenue-making opportunities across key European regions. Moreover, market dynamics such as prevalent trends, expansion challenges, and driving factors having major impact on growth of Europe USB wall charger market have also been discussed in this chapter.
Chapter 10- Japan USB Wall Charger Market Size and Forecast
This section of the report offers a detailed country-wise analysis of the USB wall charger market in the key regions of Japan. Key opportunities prevailing in the regional spectrum and having in-depth impact on the growth of japan USB wall charger market have been analyzed.
Chapter 11- APEJ USB Wall Charger Market Size and Forecast
This chapter offers a quick overview of the APEJ USB wall charger market along with key segments with high lucrativeness in this regional market. In addition to that, key trends and influencing factors having relevant impact on the APEJ USB wall charger market have also been analyzed in this chapter.
Chapter 12- MEA USB Wall Charger Market Size and Forecast
This chapter in the USB wall charger market report offers a brief and succinct introduction to the behavior of the USB wall charger market across key regions of MEA. Moreover, vital aspects such as key regulations, pricing analysis, and market dynamics having far-reached impacts on MEA USB wall charger market have also been discussed in detail in this chapter.
Chapter 13- Company Profiles
This chapter provides insights on the key players operating in the USB wall charger market along with other vital details, which include competition dashboard, market share analysis, market structure, and key focus areas of these companies have also been mapped and analyzed in this chapter in the USB wall charger market report.
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