Advances in Technologies Widen Market Opportunities for USB Charger Use January 21, 2022
According to a new market report published by Transparency Market Research , titled, ‘USB Charger Market {Product Type: USB Type A, USB Type B, and USB Type C (With PD, and Without PD); Charger Type: Wall Chargers (Type C and Type A), Portable Power Banks/Docking Systems/ Alarm Clocks (Type C and Type A), and Car Chargers (Type C and Type A); Port: One, Two, Three, Four, and Others; Power: 30W – 45W, 45W – 60W, 60W – 75W, and Above 75W; Application: Smartphones, Tablets, Laptops, Desktops, and Others (Speakers, Cameras, etc.); Distribution Channel:
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Online and O
ine (Organized and Unorganized)} – Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast, 2019–2027’.
Global USB Charger Market: Overview
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The global USB charger market is expected to be valued at more than US$ 30,000 Mn in 2019. The global USB charger market is expected to grow at a CAGR of more than 7% from 2019 to 2027. The global USB charger market is expanding significantly in terms of size and value, due to the increase in electronic devices containing latest technologies, which is expected to boost the global market of USB chargers in the near future.
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The Asia Pacific USB charger market holds a substantial share of the global USB charger market, followed by North America. Key players largely rely on strong distribution channels such as multi-brand distributors, OEM websites, and retailers of mobile accessories in order to better cater to customer demand and gain a competitive advantage in the USB charger market, which has propelled the demand for USB chargers in these regions.
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The Asia Pacific USB charger market accounted for approximately 30% share of the global USB charger market in 2018, followed by North America and Europe. It is anticipated to maintain its dominance during the forecast period. This is due to increasing technological advancements, increasing disposable income, and rising population in the region.
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