The global USB charger market may be worth nearly US$10 billion by 2024
A new study presented by ReportLinker indicates that the overall worldwide wall charger market is estimated to grow up to US$23 billion over the next 7 to 8 years. This space encompasses the USB charger sector, thus representing an accessory needed by pretty much everybody with a mobile device.
It is thought to grow by a compound annual rate (CAGR) of 4.7% over the time-frame studied, whereas the overall charger market may exhibit one of 4.1%. The new report intimates that it is to be depressed somewhat compared to the CAGR it could have had in the absence of the Covid-19 pandemic.
Nevertheless, several sectors of the wall-wart market are still projected to do quite well when broken down by region. For example, the German sub-sector is estimated to grow by over $292.5 million over the next 8 years.
The rest of Europe is thought to spend about $302 million on the same items by 2028. The Japanese wall charger market, on the other hand, is thought to grow by $1.2 billion or more over the same number of years.