The market size for global wall chargers was strong in 2020 and is anticipated to maintain a consistent revenue compound annual growth rate (CAGR) throughout the forecast period. The growth is attributed to the widespread global urbanization and digitization trends, increased usage of various smart devices, and the availability of a diverse range of wall chargers. Typically, a wall charger converts the AC supply from an outlet into DC and delivers the specific voltage to the device. The convenience of charging devices such as smartphones and tablets from a wall outlet is much faster than charging them via a USB port on a laptop or PC.
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Top Companies Operating in the Global Wire-Chargers Market Report:
Belkin, Aukey, Jasco, Anker, Philips, Incipio, Scoshe, 360 Electrical, Atomi, IClever, RAVPower, UNU Electronics), Power Add, Otter Products, and Rayovac.
Restraints of Wire-Chargers Market:
Although the global Wire-Chargers Market is growing, there are some restraints that are impacting its growth. One of the key restraints is the emergence of wireless charging technology, which offers a convenient and cable-free charging experience. This has reduced the demand for wall chargers, particularly in the consumer electronics segment.
Another restraint is the increasing use of power banks, which allow users to charge their devices on the go without the need for a wall charger. Power banks have become popular due to their portability and convenience, particularly among travelers and those who frequently use their devices outside of their homes or offices.
Moreover, there are concerns regarding the safety and reliability of some low-quality wall chargers, which has led to a decline in consumer trust and increased demand for high-quality and reliable wall chargers.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Outlook (Revenue, USD Billion; 2018 – 2028)
- 1 Port
- Multiport
- Wire-chargers
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Smartphone
- Feature Phone
- Tablet
- Smartwatches
- Others
Key Takeaways of the Global Wire-Chargers Market Report:
- A comprehensive overview of the global Wall Charger industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Wire-Chargers
- Elaborate study of the leading regional markets in the global Wire-Chargers
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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