Wall Charger Market Statistics - 2032
The global wall charger market was valued at $1.6 billion in 2022, and is projected to reach $2.9 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032.
Wall chargers are used to recharge various electronic devices such as mobile phones, smartwatches, tablets, power banks, and Bluetooth speakers. The wall charger market is predicted to grow due to increased internet penetration and electronic gadget power consumption. Rise in demand for smartphones, computers, and other electronic devices expands the market reach of the product. Furthermore, rise in digitalization and urbanization are anticipated to boost the wall charger market growth in the near future.
A wall charger generally converts the power sources AC supply to DC and then supplies the appropriate voltage to the device. Charging devices such as mobile phones and tablets, among others, from a wall power supply is significantly faster than charging similar devices through a USB port of a PC. Since the introduction of AC-DC chargers for many devices, demand for wall chargers has remained reasonably strong due to the innovation of dual wall charger. Increasing acceptance of gadgets and innovations, availability of strong Internet accessibility, and online enhanced material and web-based sound, music, records, and films are few primary factors driving the adoption of wall chargers. Furthermore, advancements in technology and OTT platforms have developed significantly in recent years.
Segmentation Overview
The wall charger market is segmented into type, application and region. By type, the market is classified into single port, dual port, and multiport. In 2022, the multiport segment dominated the market, in terms of revenue, and it will acquire major market share till 2032.
On the basis of application, it is classified into smartphone, feature phone, tablet, smartwatch, and others. The smartphone segment acquired the largest share in 2022 and is expected to grow at a significant CAGR from 2023 to 2032. Region-wise, the Wall Charger market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive Analysis
Competitive analysis and profiles of the major global Wall Charger market players that have been provided in the report include AUKEY International Limited, Belkin, Jasco Products LLC, Anker Innovations, Incipio, 360 Electrical, Atomi Inc., IClever, Scosche Industries Inc., and Koninklijke Philips N.V.
Region Analysis
Country-wise, the U.S. acquired a prime share in the market in the North American region and Mexico is expected to grow at a significant CAGR during the forecast period of 2023-2032.
In Europe, UK, dominated the Wall Charger market, in terms of revenue, in 2022 and is expected to follow the same trend during the forecast period. However, the Germany is expected to emerge as the fastest-growing country in Europe's Wall Charger with a CAGR of 5.6% respectively.
In Asia-Pacific, China is expected to emerge as a significant market for the market industry, owing to a significant rise in investment by prime players in the region.
By LAMEA region, the Latin America garner significant market share in 2022. The LAMEA Wall Charger market has been witnessing improvement, owing to the growing inclination of companies towards research and development and expanding manufacturing units across this region. Moreover, the Middle East region is expected to grow at a high CAGR of 7.9% from 2023 to 2032.
Top Impacting Factors
The 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 wall charger market forecast period, the market is anticipated to benefit from a surge in trends towards electric vehicles. On the other hand, growth in the wall charger market outlook is expected to be restrained by high usage of electricity as compared to USB charging.
Historical Data and Information
The global wall charger market share is highly competitive, owing to the strong presence of existing vendors. Vendors of the wall charger market with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this wall charger industry is expected to worsen as technological innovations, product extensions, and different strategies adopted by key vendors increase.
Key Developments/ Strategies
AUKEY International Limited, Belkin, Jasco Products LLC, Anker Innovations, Incipio, 360 Electrical, Atomi Inc., IClever, Scosche Industries Inc., and Koninklijke Philips N.V. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration in wall charger industry.
- In August 2022, Belkin launched the BOOST CHARGE PRO-Dual USB-C GaN wall charger, available in 65W and 45W versions. The BOOST CHARGE PRO-Dual USB-C GaN wall charger with PPS is engineered with GaN, USB-C PD 3.0 and PPS charging technologies to deliver a fast and safe charge that won't overheat or overcharge devices. It easily fits in a pocket or a bag, making it the ideal charger for travelling or when at home.
- In July 2023, AUKEY International launched Aukey PA-B6T Omnia II. It is a feature-packed 3-port wall charger that delivers super-fast charging speeds. With its 65W power delivery (PD) capacity, it provides rapid charging for multiple devices simultaneously.
- In September 2020, AUKEY launched the Omnia Mini 20W PD Wall Charger, a 20W Power Delivery charger. This compact wall charger could be ideal for fast charging the upcoming iPhone 12, portable gaming consoles, tablets, and laptops, and incorporates both Power Delivery 3.0 and Quick Charge 2.0.
- In January 2023, Scosche Industries launched two adaptable wall chargers and a 2-in-1 charge and sync cable for USB-C and lightning devices. These accessories can charge multiple devices from phones to laptops, leading to an overall reduction in the number of chargers and cables people need in their daily lives.
- In January 2022, Scosche Industries launched its line-up of power delivery chargers and power banks. The PowerVolt PD30 Mini Home Charger is a tiny but powerful home/office charger that harnesses the power of USB-C Power Delivery. This diminutive cube charges most phones up to 4X faster than a standard charter and will also charge tablets, cameras, and even small laptops.
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 market trends, key players, segments, application areas, and market growth strategies.
Wall Charger Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 2.9 billion |
 Growth Rate | CAGR of 6.3% |
 Forecast period | 2022 - 2032 |
 Report Pages | 206 |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | Koninklijke Philips N.V., Jasco Products LLC, AUKEY International Limited, iClever, Belkin, Anker Innovations, Atomi Inc., Incipio, 360 Electrical, Scosche Industries Inc. |
Analyst Review
The wall charger market is expected to leverage high potential for industrial and healthcare sectors during the forecast period. The current business scenario is witnessing increase in demand for multiport wall charger, particularly in developing regions such as China, India, and UK, owing to increase in advancements in wall charger products. Companies in this industry are adopting various innovative techniques such as mergers and acquisition activities to strengthen their business position in the competitive market.
The wall charger market holds a substantial scope for growth globally. Its contribution to the global market is expected to increase significantly. Increase in demand for wall chargers and the growing penetration of smartphones in emerging economies are expected to further aid in the market growth. The growing diversity of smartphones and multi-port wall chargers is expected to increase the market demand during the forecast period, especially in the U.S. and Europe. However, high usage of electricity as compared to USB charging is a major restraint for the wall charger market.
Wall chargers are commonly used to charge mobile devices such as smartphones, tablets, and e-readers. They come with USB ports and can charge multiple devices simultaneously, which propels the overall expansion of the wall charger market. Furthermore, growth of end-user industries is also escalating significant demand for wall chargers. Key wall charger market leaders profiled in the report include AUKEY International Limited, Belkin, Jasco Products LLC, Anker Innovations, Incipio, 360 Electrical, Atomi Inc., IClever, Scosche Industries Inc., and Koninklijke Philips N.V.
Trends in the Wall Charger Market have leaned towards fast charging technologies, USB-C compatibility, and a growing emphasis on energy efficiency and sustainability in charger design.
Smartphone is the leading application of Wall Charger Market
Asia-Pacific is the largest regional market for Wall Charger.
The global wall charger market was valued at $1,625.0 million in 2022.
AUKEY International Limited, Belkin, Jasco Products LLC, Anker Innovations, Incipio, 360 Electrical, Atomi Inc., IClever, Scosche Industries Inc., and Koninklijke Philips N.V. are the top companies to hold the market share in Wall Charger.
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