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The global USB charger market may be worth nearly US$10 billion by 2024

USB chargers are big business. (Source: Mr. Glass)
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.


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> Expert Reviews and News on Laptops, Smartphones and Tech Innovations > News > News Archive > Newsarchive 2020 06 > The global USB charger market may be worth nearly US$10 billion by 2024
Deirdre O'Donnell, 2020-06-13 (Update: 2020-06-13)