The wall charger market is driven by factors such increase in use of multiport wall charger due to increase in the demand for smartphones, which is expected to cause the wall charger market to grow significantly during the forecast period
NEW CASTLE, Del., Nov. 1, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Wall Charger Market by Type (Multiport, Dualport, and Singleport), and Application (Smartphone, Featurephone, Tablet, Smartwatch, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global wall charger market was valued at $1.6 billion in 2022, and is projected to reach $2.9 billion by 2032, registering a CAGR of 6.3% from 2023 to 2032.
Download Research Report Sample & TOC:
https://www.alliedmarketresearch.com/request-sample/214407
A wall charger is a device used to provide electrical power to recharge or power electronic devices such as smartphones, laptops, tablets, and more. It converts the AC electricity from a wall outlet into the DC electricity required by these devices.
(We are providing report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and COVID-19 Impact Analysis)
- 97 - Tables
- 46 - Charts
- 206 - Pages
Prime Determinants of Growth
The wall charger market analysis is anticipated to expand significantly during the forecast period owing to a rise in demand for smartphones and rise in need for multiport wall chargers. In addition, during the forecast period, the wall charger market is anticipated to benefit from a surge in trends towards electric vehicles. On the other hand, growth in the Wall Charger market is expected to be restrained by high usage of electricity as compared to USB charging.
Report Coverage & Details:
Report Coverage | Details |
Forecast Period | 2022-2032 |
Base Year | 2022 |
Market Size in 2022 | $1.6 billion |
Market Size in 2032 | $2.9 billion |
CAGR | 6.3 % |
No. of Pages in Report | 206 |
Segments covered | Type, Application, and Region. |
Drivers | Rise in demand for smartphones Rise in need for multiport wall chargers |
Opportunities | Increase in trends towards electric vehicles |
Restraints | High usage of electricity as compared to USB charging |
The multiport segment to maintain its leadership status throughout the forecast period.
Based on type, the multiport segment held the highest market share in 2022, accounting for more than half of the global wall charger industry revenue, and is estimated to maintain its leadership status throughout the forecast period, as it is known for its small size & flexibility, and it is widely used for applications such as cameras, smartphones, tablets and personal computers.
The smartphone segment to maintain its leadership status throughout the forecast period.
Based on application, the smartphone segment held the highest market share in 2022, accounting for nearly two-fifths of the global wall charger market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the smartphone segment is projected to manifest the highest CAGR of 7.0% from 2023 to 2032 due to increase in high quality videos and audio for the consumer due to the proliferation of 5G technology in consumer electronics during the forecast period.
Asia-Pacific to maintain its dominance by 2032.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly half of the global wall charger market revenue. Moreover, LAMEA region is expected to witness the fastest CAGR of 7.5% from 2023 to 2032, owing to the increase in infrastructure of 5G connectivity towers and increase in installation of electricity generation sources around the region.
Inquiry before Buying:
https://www.alliedmarketresearch.com/purchase-enquiry/214407
Leading Market Players: -
- AUKEY International Limited
- Belkin
- Jasco Products LLC
- Anker Innovations
- Incipio
- 360 Electrical
- Atomi Inc.
- IClever
- Scosche Industries Inc.
- Koninklijke Philips N.V.
The report provides a detailed analysis of these key players of the global wall charger market. These players have adopted different strategies such as product development, and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders:
- This report provides a quantitative analysis of the wall charger market size, current trends, estimations, and dynamics of the wall charger market analysis from 2022 to 2032 to identify the prevailing wall charger market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the segmentation assists to determine the prevailing wall charger market opportunity.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global wall charger trends, key players, market segments, application areas, and market growth strategies.
Wall Charger Market Key Segments:
By Type
- Multiport
- Dualport
- Singleport
By Application
- Smartphone
- Featurephone
- Tablet
- Smartwatch
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
Procure Complete Report (206 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3Mufomj
Trending Reports in Semiconductor and Electronics Industry (Book Now with 10% Discount + COVID-19 Scenario):
DC Chargers Market is projected to reach $221.31 billion by 2030, registering a CAGR of 13.2% from 2021 to 2030.
Mobile Phone Accessories Market is projected to reach at $284.06 billion by 2026, growing at a CAGR of 3.1% from 2019 to 2026.
USB Cable Market is projected to reach $69.86 billion by 2031, growing at a CAGR of 20.24% from 2022 to 2031.
Smart Earbuds Case Charger Market: Global Opportunity Analysis and Industry Forecast, 2023-2032.
Smartphone Battery Market: Global Opportunity Analysis and Industry Forecast, 2023-2032.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact Us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/wall-charger-market-to-reach-2-9-billion-globally-by-2032-at-6-3-cagr-allied-market-research-301973874.html
