USB Wall Charger Market

USB Wall Charger Market Outlook (2023 to 2033)

The global USB wall charger market stands at US$ 1.68 billion in 2023. Worldwide demand for USB wall chargers is predicted to rise at a CAGR of 6.3% and reach a market valuation of US$ 3.09 billion by the end of 2033.

Growth opportunities in the global market are attributed to the rapid penetration of the Internet across regions. Significant consumption of power by several electronic gadgets is also predicted to drive up the demand for USB wall chargers.

Rising demand for laptops, smartphones, and various other electronic devices is predicted to strengthen the reach of USB wall chargers. In addition, USB wall charger cameras have become popular in the past 2 to 5 years. Rising adoption of advanced communication technology along with increasing consumer expenditure capacity on various electronic devices is predicted to fuel demand for USB wall chargers in the coming decade.

• Sales of USB wall chargers accounted for 12% share of the global electronic accessories market in 2022.
• Sales of USB type C chargers are projected to advance at a CAGR of 6.5% and reach a value of US$ 1.08 billion by 2033-end.
• Demand for USB wall chargers in the United States is estimated to expand at 5.4% CAGR and reach a market valuation of US$ 906.39 million by the end of 2033.
• The USB wall charger market in Japan is forecasted to register a 4.5% CAGR and reach a valuation of US$ 136.11 million by the end of 2033.
• The South Korean market is estimated to expand at a CAGR of 3.9% and reach a valuation of US$ 95.9 million by 2033-end.

USB wall chargers are acknowledged as universal power adaptors. They permit users to plug in a wide variety of electrical sockets. They are designed for power delivery to different types of electronic devices, including iPhones, iPad, laptops, etc. Several advantages, including comparatively faster charging, multiple socket options, high durability, low cost, and portability are provided by USB chargers for consumer satisfaction.

A wide variety of USB wall chargers with different ports and levels are available in the global market. Regulatory bodies are imposing strict regulations to test and ensure the safety of USB charger sockets. Manufacturers of USB wall chargers are therefore concentrating on adhering to regulations set by respective bodies.

Fact.MR, a market research and competitive intelligence provider, in its recently published report on the USB wall charger market, provides a detailed analysis of several aspects. A thorough analysis of multiple industry growth strategies is offered in this report. Key trends, sales analysis of USB wall chargers, new developments, etc. are analyzed in detail in the market research report.

Report Attributes	Details
USB Wall Charger Market Size (2023)	US$ 1.68 Billion
Forecasted Market Value (2033)	US$ 3.09 Billion
Global Market Growth Rate (2023 to 2033)	6.3% CAGR
Multiport with Single Power Output Segment Value (2033)	US$ 931.1 Million
China Market Value (2033)	US$ 519.7 Million
United States Market Value (2033)	US$ 906.39 Million
United Kingdom Market Growth Rate (2023 to 2033)	5.1% CAGR
Key Companies Profiled	AUKEY Eaton Corporation PLC AT&T Inc. Mophie, Inc. Anker Technology Co. Limited Mizco International Inc. Monster Store GP Batteries International Ltd. Cyber Power Systems, Inc. Maxell Holdings Ltd. Prime Wire & Cable, Inc. Native Union E-fillitate HGD MyCharge Goal Zero EasyAcc.com, Inc. Insignia Just Wireless RavPower JS Create

Why are USB Wall Chargers Widely Sought After across the World?

“High Demand for Electronic Devices Due to Growing Digitalization”

Digitalization is leading to increased use of electronic devices that is further anticipated to propel the demand for various fast-charging USB devices. Easy availability of different smartphones across emerging economies is predicted to contribute to market growth.

Increased investments in upgrading technology in different fields to improve consumer convenience and experience are projected to have a positive impact on demand for USB chargers that are comparatively long-lasting and inexpensive.

What are the Hindrances Impeding the Demand Growth for USB Wall Chargers?

“Rising Prevalence of Counterfeit USB Chargers and Adverse Environmental Impacts Associated with USD Wall Charger Usage”

There is a wide variety of counterfeit USB wall chargers that are sold at cheaper prices across the globe. Availability of these cheaper substitutes is predicted to limit the adoption of branded products and therefore impact opportunities for industry players.

Increasing power consumption is estimated to have a negative impact on the environment. Production of USB wall chargers is associated with specific carbon emissions that are detrimental to the environment.

What are the Opportunities for New Companies in the Market?

“Start-ups Focusing on Developing Advanced USB Wall Chargers with User-friendly Features”

Consumers, in recent years, have been mindful of energy efficiency and power consumption while choosing any charger for their electronic devices. Startups need to offer some additional features, including multiple device charging and low energy consumption along with protection against current fluctuation. Focus on innovation is expected to open up lucrative opportunities for new entrants.

Country-wise Insights

What Makes the United States a Lucrative Market for Manufacturers of USB Wall Chargers?

“High Penetration of Internet Services and Wireless Technologies”

Sales of USB wall chargers in the United States market are projected to advance at a CAGR of 5.4% and reach a valuation of US$ 906.39 million by 2033-end.

A noteworthy shift towards wireless technology along with increased penetration of different internet services is expected to contribute to market growth opportunities. Rising sales of high-end smartphones, laptops, etc. are also bolstering demand for USB wall chargers in the United States.

What are the Sales Projections for USB Wall Chargers in the United Kingdom?

“Increasing Mobile-cellular Subscriptions Fueling Demand for Wall Chargers”

The United Kingdom market is predicted to expand at a CAGR of 5.1% and reach a value of US$ 151.58 million by the end of 2033. Substantial increase in the count of mobile-cellular subscriptions along with rising demand for smartphones, laptops, etc. is contributing to the sales of USB wall chargers.

Category-wise Insights

Why are USB-C Wall Chargers Widely Used in Many Countries?

“Quick Charging Feature of USB-C Chargers”

Based on product, the global market is classified into mini USBs, micro USBs, USB-A, USB-C, and lightning. Demand for USB type C wall chargers is expected to advance at a CAGR of 6.5% and reach a valuation of US$ 1.08 billion by the end of 2033.

USB-C chargers are adaptable to Android and iOS and deliver higher levels of power compared to standard charging to ensure flexible and faster charging. Consumers prefer these chargers due to their quick charging capabilities.

Why Do USB Chargers with Multiport Single Power Output Hold a Significant Market Share?

“Growing Demand for Electronic Devices Driving Sales of Multiport with Single Power Output USB Chargers”

Single port with single output, multiport with single power output, and multiport with multiport power outport are some popular USB charger types. Among these, sales of multiport chargers with single power output are forecasted to progress at a CAGR of 5.8% and reach a market value of US$ 931.1 million by 2033-end.

Rising demand for electronic devices that come with short battery life is predicted to boost sales of multi-port USB chargers. Incorporation of SmartLiz technology in different multi-port USB wall chargers is becoming popular owing to their ability to provide high-speed charging while automatically identifying connected device’s nature. Considering the abovementioned factors, the multiport with single port output segment is projected to hold a 30% share of the global market.

Key Market Players

Leading suppliers of USB wall chargers are increasing their expenditure on new developments. Maintaining product standards and strengthening supply chain management systems are also some significant initiatives that are taken by market players.

Manufacturers of USB wall chargers are exploring new technologies that provide convenience to consumers. Prominent manufacturers are involved in product launches, collaborations, strategic acquisitions, etc. to gain a competitive edge in the market in the coming decade.

For instance :

• In 2021, Anker Innovations introduced gallium nitrate (GaN) II technology that includes a Nano II series charger. The product comprises 30-, 45-, & 65-watt chargers with capabilities of fast charging.
• In 2021, BG Electrical launched 30 W USB-C & USB-A integrated wall chargers. They guarantee fast charging features for laptops, tablets, and smartphones.

AUKEY, Eaton Corporation Plc, AT&T Inc., Mophie, Inc., Anker Technology Co. Limited, Mizco International Inc., Monster Store, GP Batteries International Ltd., Cyber Power Systems, Inc., Maxell Holdings Ltd., Prime Wire & Cable, Inc., Native Union, E-filliate, HGD, MyCharge, Goal Zero, EasyAcc.com, Inc., Insignia, Just Wireless, RavPower, and JS Create are prominent manufacturers of USB wall chargers.

Segmentation of USB Wall Charger Industry Research

• By Product :

  • Mini USBs
  • Micro USBs
  • USB-A
  • USB-C
  • Lightning

• By Charger Type :

  • Wall Chargers
  • Portable Power Banks/Docking Systems/Alarm Clocks
  • Car Chargers

• By Port :

  • Single Port with Single Power Output
  • Multiport with Single Power Output
  • Multiport with Multiport Power Output

• By Power :

  • 30 W to 45 W
  • 46 W to 60 W
  • 61 W to 75 W
  • Above 75 W

• By Application :

  • Smartphones
  • Tablets
  • Laptops
  • Desktops

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa