According to European Union competition Chief Margrethe Vestager, “EU has been trying since last decade to get smartphone manufacturers to voluntarily agree to a common mobile phone charger. That apparently hasn't worked out so well, so the EU Commission may now take more forcible action. Given the unsatisfactory progress with this voluntary approach, the Commission will also launch an impact assessment study to evaluate costs and benefits of different other options soon,"

The article cited AMA's "Global Mobile Phone Chargers Market Study" explored substantial growth in Asia Pacific and CAGR of 6.7%. According to the report, Number of Manufacturers have Introduced Turbo Charger to Maximize the Charging Speed is one of the primary growth factors for the market. Robust Increase in the Smart Phone Users is also expected to contribute significantly to the Mobile Phone Chargers market. Overall, Power Bank applications of Mobile Phone Chargers, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Direct, is boosting the Mobile Phone Chargers market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Mobile Phone Chargers market identified that the demand is rising in many different parts of the world as "Growing Usage of Mobile Smartphones across the Globe ". Furthermore, some recent industry insights like "In April 2024, Motorola is teasing its upcoming flagship smartphone with 125W fast charging, set to be unveiled. This new device is expected to feature impressive specs and super-fast charging capabilities." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Mobile Phone Chargers market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Mobile Phone Chargers market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Mobile Phone Chargers market size is calculated using market estimation process, the Mobile Phone Chargers market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Mobile Phone Chargers market size has been validated using both top-down and bottom-up approaches.