The global USB charger market may be worth nearly US$10 billion by 2024
USB chargers are big business. (Source: Mr. Glass)
The market for wall-warts that charge devices via USB is now projected to be worth an additional US$9.9 billion by 2028. It is a sector of the overall wall-charger market, which is thought to grow by up to $23 billion over the same period. Even given the economic effects of the Covid-19 pandemic, various regions are thought to be capable of adding hundreds of millions of USD to its value.
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.
Deirdre O Donnell - Senior Tech Writer - 6313 articles published on Notebookcheck since 2018
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.
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