A recent report published by
Infinium Global Research on USB charger market provides in-depth analysis of
segments and sub-segments in the global as well as regional USB charger market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional USB charger market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global USB charger market. According to the
report, the global USB charger market is projected to grow at a CAGR of 5.9%
over the forecast period of 2019-2025.
Nowadays, the demand for fast
charging is dramatically increasing. Companies are introducing new USB chargers
with fast charging and small in size. In April 2019, Anker introduced a new 60W
USB-C GaN charger which is small in size and has improved design. Companies are
focusing on innovations, mergers, and acquisitions to expand the market share.
The increasing demand for fast
charging drives the USB charger market. The rising internet usage, playing
various games and numerous applications working on smartphones drains the
device’s battery very fast. In addition, smartphones and laptops are used for
multiple purposes that again drain the device’s battery. The growing demand for
portable chargers boosts the USB charger market. A multi-port USB wall charger
that can charge multiple devices at a time, is becoming popular nowadays. Often
the low battery problems arise during traveling for long hours. The rising
demand for USB car chargers also contributes to the growth of the USB charger
market. The chill USB power banks are in high demand due to their high
performance and perfect travel USB battery. However, the availability of
counterfeit USB chargers hinders the growth of the USB charger market.
Moreover, technological advancements create new opportunities for USB charger
Asia-Pacific is expected to be
dominated in the USB charger market. Asia-Pacific region has a growing population
and the region has 54.7% mobile phone users. The rising number of mobile users
contributes to the growth of the Asia-Pacific region. North America has a
saturated market for the USB charger market. Europe is anticipated to grow in
the USB charger market.
The report on global USB charger
market covers segments such as product type, charger type, port, and
distribution channel. On the basis of product type, the sub-markets include USB
type A, USB type B, and USB type C. On the basis of charger type, the sub-markets
include wall chargers, portable power banks, and car chargers. On the basis of
port, the sub-markets include one, two, and three. On the basis of distribution
channel, the sub-markets include retailers, and online.
The report provides profiles of
the companies in the market such as Anker Technology Ltd., Koninklijke Philips
N.V., Cyber Power Systems, Inc., Bell'O Digital, SDI Technologies, Inc., Sprint
Corporation, T-Mobile US, Inc., Verizon Communications, Inc., AT&T Inc., and
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of USB charger market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.