USB Charger Market - Size, Industry Share, Growth Trends and Forecasts (2023 - 2030)

By Product Type :

Based on the type, the market is segregated into USB Type A, USB Type B, and USB Type C. The USB Type The USB Type A segment dominated the market with a substantial revenue share of 46.21% in 2022. USB Type A chargers are one of the most common and widely used types of chargers, primarily due to their affordability, ease of use, and universal compatibility. These chargers are characterized by a rectangular connector with a flat, elongated shape, designed to be inserted in only one orientation, ensuring a reliable connection. They are commonly used for charging small devices like portable speakers, wireless headphones, wireless mice, keyboards, and other consumer electronics. One of the key advantages of USB Type A chargers is their cost-effectiveness, making them a preferred option for manufacturers looking to offer budget-friendly charging solutions. Despite newer technologies emerging, USB Type A remains widely used, particularly in legacy devices, due to its established standard and the widespread availability of compatible ports and cables.

The USB Type C segment is expected to register the fastest CAGR during the forecast period, driven by the rapid adoption of newer technologies in electronic devices. USB Type C chargers are characterized by their symmetrical design, which allows the connector to be inserted in either orientation, making them more user-friendly and reducing wear on the connectors. They also feature high-speed data transfer and fast-charging capabilities, which are increasingly important in a market that demands efficient power delivery. USB Type C supports higher power output, typically up to 100W, enabling it to charge not only smartphones and tablets but also laptops, gaming consoles, and other high-power devices. This versatility has made USB Type C the preferred standard for modern smartphones, laptops, and other portable electronics. Additionally, the introduction of USB Power Delivery (PD) technology further enhances its appeal by allowing adaptive charging, which adjusts power output depending on the device’s needs. This ensures optimal charging speeds, improves energy efficiency, and extends the lifespan of devices. With major companies, including Apple, Samsung, and Google, pushing for USB Type C integration, the segment is poised for significant growth as more electronic devices adopt this versatile standard.

By Charger Type :

Based on the charger type, the market is classified as Wall Charger, Portable Charger, and Car Charger. In 2022, the Wall Charger segment held the largest market share in the USB charger industry. Wall chargers, also known as USB wall adapters, are designed to plug into a standard wall outlet and provide power to electronic devices. They are essential for charging a wide range of USB-powered devices, such as smartphones, smartwatches, tablets, and other small electronics. The increasing number of USB-powered devices in the market is a significant driver of the wall charger demand. With the rise of connected and portable technology, consumers need reliable and accessible charging solutions, which the wall charger provides. Factors such as convenience, easy accessibility, and cost-effectiveness make wall chargers a go-to choice for consumers. The widespread adoption of USB Type-C chargers for faster and more efficient charging is also contributing to the popularity of wall chargers, particularly for devices like smartphones, laptops, and gaming consoles.

The Portable Charger segment is expected to witness the fastest CAGR during the forecast period, fueled by the growing demand for on-the-go charging solutions. Portable chargers, also known as power banks, store electrical energy to charge devices when users are away from wall outlets, making them particularly useful for travelers, commuters, and outdoor enthusiasts. The trend towards mobility and the increasing reliance on smartphones, laptops, and wearable technology for everyday tasks are key factors driving the demand for portable chargers. As consumers seek the convenience of charging their devices anytime and anywhere, portable chargers are becoming an essential accessory. Additionally, the launch of high-capacity portable chargers designed to power laptops and other high-power devices is enhancing the growth prospects of this segment. For example, in August 2022, Lenovo introduced a portable charger specifically designed for charging laptops, addressing the needs of professionals and students who require portable power solutions for extended periods. This trend toward larger and more efficient portable chargers is expected to continue driving market growth.

By Port :

Based on the ports, the market is classified into One, Two, Three, Four, and Others. The One-Port segment accounted for the largest market share in 2022. One-port USB chargers are the most basic and widely used type of charger, offering a single USB port to charge one device at a time. These chargers are generally more affordable than multi-port chargers, which contributes significantly to their popularity, especially among consumers seeking low-cost and simple charging solutions. Additionally, the trend toward compact and lightweight chargers is fueling the demand for one-port chargers, as they are easy to carry and convenient for users who only need to charge one device at a time. The widespread use of smartphones, wearables, and small electronics that require basic charging makes one-port chargers a ubiquitous solution for everyday charging needs. These devices are often favored for their portability and cost-efficiency, making them a preferred choice for individual users and households.

The Four-Port segment is projected to experience the fastest CAGR during the forecast period. Four-port chargers are designed to charge up to four electronic devices simultaneously, offering significant convenience for users with multiple devices. These chargers are especially useful in households, offices, and traveling scenarios where several devices need to be charged at once, such as smartphones, tablets, wireless headphones, and power banks. For example, RAVPOWER manufactures a 40W 8A 4-Port Desktop Charger that allows users to charge smartphones, headphones, power banks, and other small devices at the same time, enhancing efficiency and reducing the need for multiple charging outlets. The rising adoption of multi-device charging solutions, coupled with the broad compatibility of four-port chargers, is expected to drive their market growth. Additionally, the ability to charge various devices at once reduces clutter and makes these chargers highly appealing for tech-savvy consumers, families, and professionals who need to keep multiple devices powered simultaneously.

By Power :

Based on the power, the market is categorized as 30W - 45W, 45W - 60W, 60W - 75W, and above 75W. The 45W - 60W segment was the largest in terms of revenue share in 2022. Chargers in this power range are suitable for charging a variety of mid-to-high performance devices, such as smartphones, tablets, gaming consoles, and other electronic devices that require higher power levels for optimal performance and fast charging speeds. These chargers can efficiently deliver the required wattage to charge devices quickly without compromising safety. The growing adoption of smartphones, which often come with fast-charging capabilities, is one of the primary drivers for the increasing demand for 45W - 60W chargers. Additionally, the ability to charge smartphones, tablets, and other mobile devices at fast speeds is an attractive feature for consumers, further boosting the demand for chargers in this power range.

The Above 75W segment is expected to witness the fastest CAGR during the forecast period. Chargers in this category are specifically designed to meet the needs of high-power devices that require substantial charging capacity, such as high-end gaming laptops, professional-grade workstations, and other power-hungry electronics. These chargers are particularly useful for gaming enthusiasts and professionals who rely on laptops with powerful processors and graphics cards that require higher power input. As gaming continues to be a rapidly growing industry, with an increasing number of consumers investing in gaming laptops and consoles, the demand for chargers that can handle substantial power outputs is set to rise. Furthermore, with the surge in demand for laptop gaming and the push for portable, high-performance computing, chargers rated above 75W are becoming essential. This is further fueled by advancements in USB Type-C charging technology, which supports higher power output and faster charging times for devices that demand more power.

By Application :

Based on the application, the market is classified as Smartphone, Tablet, Laptop, Desktop, and Others. The smartphone segment accounted for the largest revenue share in 2022 and is expected to grow at the fastest CAGR during the forecast period. The increasing dependence on smartphones for communication, productivity, and entertainment is a major factor driving the demand for smartphone chargers. As smartphones continue to advance with features requiring more power, the need for efficient, reliable, and fast charging solutions has surged. The introduction of energy-efficient chargers by companies like Samsung, along with innovations in USB Type-C and Quick Charge technologies, is expected to further fuel market growth, as consumers seek optimized, sustainable charging options for their devices.

By Sales Channel :

Based on the sales channel, the market is bifurcated into online and offline. The offline sales channel segment accounted for the largest revenue share in the year 2022. The offline sales channels for the chargers comprise of several modes including supermarkets, hypermarkets, convenience stores, departmental stores, and others. The Offline stores sell the same products of different brands and, hence are preferred by consumers to differentiate between several brands before buying the products. Furthermore, several benefits including immediate sales, increased product visibility, local market reach, and others are fueling the adoption of offline sales channels by the manufacturing companies for the chargers.

The online sales channel segment is anticipated to witness the fastest CAGR growth during the forecast period. The online segment includes e-commerce channels such as Amazon, Flipkart, Alibaba, and others. This segment can be used by both residential and commercial customers for purchasing the chargers. Analysis of USB charger market trends concludes that the factors including rising internet penetration and the influence of social media are expected to boost the number of online sales channels for USD chargers during the forecast period. For instance, as per Eurostat, by 2021, the contribution of EU households with internet access had risen to 92 %, 20 percentage points higher than in 2011 (72%).

By Region :

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Europe accounted for the largest revenue in the year 2022 valued at USD 9,919.76 million and is projected to grow at a CAGR of 10.0% during the forecast period. The USB charger market analysis concluded that the increasing adoption of smartphones is driving the proliferation of the USB Charger market in the region. Moreover, the surge in the trend toward gaming is increasing the usage of gaming laptops in the region, in turn boosting the adoption of chargers.

The Asia-Pacific region is anticipated to witness the fastest CAGR of 10.3% during the forecast period. In addition, in the region, China accounted for the maximum revenue of 28.3% in the same year. The USB charger market analysis concluded that the growing demand for consumer electronics products including laptops, computers, and mobile phones among others is boosting the proliferation of the market in the region. For instance, according to International Data Corporation (IDC), the traditional personal computer market in India witnessed a rise of 37.7% during the first quarter of 2022. Moreover, increasing government initiatives to standardize charging ports is anticipated to positively impact the market expansion during the forecast period. For instance, in December 2022, the Bureau of Indian Standards (BIS) mandated smartphones in India to be equipped with USB Type C ports by 2025.