What is USB Wall Charger Market?
USB wall charger are used to charge various electronic devices like media players, external hard drives and smartphones through the USB cable. Increasing the consumption of these devices is the major driver for the growth of the USB wall charger market. The growing urbanization and digitalization in the developing economies has led to significant growth in the global USB wall charger market in the forecast period.
The market study is being classified by Type (USB Type-A, USB Type B and USB Type C), by Application (Individual, Commercial and Others) and major geographies with country level break-up.
Belkin International, Inc. (United States), Anker (China), Koninklijke Philips N.V. (Netherlands), Incipio, LLC (United States), Cyber Power Systems Inc. (United States), SDI Technologies Inc. (United States), Sprint Corporation (United States), T-Mobile US Inc. (United States), Verizon Communications Inc. (United States), AT&T Inc. (United States) and Baccus Global LLC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Jasco Products LLC (United States), 360 Electrical (United States), Just Wireless (United Kingdom), Kaijet Technology International (J5 Create) (United States), Klein Electronics (Sharp Brand) (United States), MIZCO International Inc., (Tough Tested) (United States), Monster Products (United States) and MyCharge (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Vendors having a strong hold in the market are Belkin International, Inc., Anker, and Koninklijke Philips N.V.. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global USB Wall Charger market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global USB Wall Charger market by Type, Application and Region.
On the basis of geography, the market of USB Wall Charger has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Upsurging Production and Demand for Enhanced Functionalities in Smartphones
- Increasing Demand for USB Chargers for Various Application like Bluetooth Devices
Market Trend
- Adoption of New Technology like a Quick Charge during the Limited Downtime
Restraints
- Availability of Counterfeit USB Wall Chargers
Opportunities
- Technological Advancement and Development in the USD Wall Charger
In August 2019, Anker has launched its Powerport Wall Charger with 6 USB Ports. Supporting the fast charging technology, the charger pumps out 60 watts of power, enabling simultaneous multi-device charging through 6 ports. and On 8 May 2019, Anker has unveiled the latest generation of its proprietary PowerIQ fast-charging chips: PowerIQ 3.0. These new chips make the USB-C ports on Anker's chargers and portable batteries compatible with Qualcomm Quick Charge 3.0 and Power Delivery up to 100W, enabling them to charge virtually any USB-C device at its fastest possible speed.
Key Target Audience
USB Wall Charger Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other