USB Wall Charger Market Growth Forecast, Demand, Future Outlook and Company Prof

Posted by Ajay Kumar on February 3rd, 2020

Backed by modest sales of over 76 thousand units, the USB wall charger market grew at 5.3% y-o-y in 2018, reveals Fact.MR’s new study. According to Fact.MR’s study, the USB wall charger market is witnessing a shift from USB-A type to USB-C type charger. While a handful of manufacturers have implemented the type C USB functions in their devices, the advantages that this technology offers are yet to be fully recognized.

Amid the consequential uncertainties of an unregulated state of USB C type chargers, recently released specifications for type C connectors by USB-IF are likely to streamline the manufacturing which can further leverage full potential of this new USB interface.

Primarily, an exponential rise in smartphone adoption has fuelled the revenues of USB wall charger market in past decades. USB charging has become an indispensable requirement in commercial, residential as well as public infrastructures.

To meet the behemoth demand, multiple small and mid-sized players have emerged in the USB wall charger market, representing a highly fragmented landscape. Distinguished product offerings at an affordable cost and with features such as multi-port, higher output and universal application remain the primary focus of these players to maintain a competitive edge in the market.

A senior analyst at Fact.MR said, “Although talking about future of USB wall chargers seems outmoded, as tech-savvy consumers are eyeing on disruptive technologies like fast charging and wireless chargers, technology giants are still engaged in debugging the errors of current launches. As economic development plays a significant role in success of new technologies, with the expanding middle class, USB wall charger market is likely to witness stabilizing adoption in the future.”

Fact.MR studied the adoption of different types of USB wall chargers and their utilization across different applications. The estimations reveal that sales of 1 port USB wall chargers will continue to account for a greater share as compared to other multi-port chargers.

The detailed research report on the global USB Wall Charger market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market. The report also offers an in-depth analysis of how the projected growth factors will shape the market dynamics in the coming years of the forecast period. Moreover, it also gives meaningful as well as actionable insights on the key trends that are developing the current market scenario and which will be lucrative for the future of the global USB Wall Charger market.

In 2018, nearly 5 in 10 USB wall chargers sold were with 1 UBS port feature. The higher sales are likely to continue as individual smartphone owners prefer 1 port USB wall charger. Low cost is another factor that drives the sales of 1 port USB wall chargers.