With the growing smartphone penetration, the demand for USB chargers has been proliferating rapidly. USB chargers are currently the most common devices that are used in charging Smartphones and tablets. Market Research Hub (MRH) has freshly included a new study, titled “USB Charger Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025″ to its vast repository, which provides a detailed analysis, emphasizing on the market dynamics that are estimated to determine the growth of the market in the coming few years. The growth drivers, opportunities, and challenges for the global USB chargers market have been discussed in the research report to give a clear understanding to the readers.
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This 260-page forecast study provides analysis for the period 2015–2025, wherein the period from 2017 to 2025 is the forecast period and 2016 is the base year. Apart from that, USB charger market’s growth through 2025 in terms of revenue (in US$ Mn) and Volume (Mn Units), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA) has been offered to the readers. As per the active research evaluations, the global market for USB chargers is anticipated to rise at a CAGR 5.80% during the period from 2017 to 2025 and reach US$37.89 bn by 2025 end.
From a geographical perspective, the analyst believes that the Asia Pacific has been dominating the global market and is expected to maintain its dominance in the coming years as well. The soaring demand for consumer products, which are safe and have the benefit of fast and convenient charging, is predicted to promote substantially to the growth of the market for USB chargers in Asia Pacific region over the coming years.
Moving further in the study, the report segments the global USB charger market on the basis of product type, port, distribution channel, and charger type. Product type segment is further classified into USA A type, USB B type and USB C type. Of these, Type C chargers have been enjoying a higher demand. By charger type, the study includes wall chargers, portable power bank, and car charger.
It has been observed that the rising demand for enhanced functionality in smartphones, which requires high battery power to support the features and applications, is likely to accelerate the uptake of USB chargers from various industries across the world.
Later, the competitive landscape offered in the report is a valuable resource for readers, as it helps in determining the complete competitive scenario in the market. At present, some of the prime players functioning in the global USB chargers market include AT&T Inc., Baccus Global LLC, Bello Digital, Cyber Power Systems, Inc., DB Power Limited, Qmadix, Eaton Corporation Plc., E-Filliate, Honeycomb, IKEA Systems B.V., Insignia, Just Wireless, Klein Electronics (Sharp Brand), Monster Products, MyCharge, Native Union, Petra Industries, LLC, PowerBurst, Prime Wire & Cable, Inc., SDI Technologies, The Douglas Stewart Co., T-Mobile, TYLT, Tzumi (Pocket Juice), Verizon Communications, Inc., VOXX International Corp., Wal-Mart Stores Inc., and Xentris Wireless Corporate.
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