Mobile Phone Charger Market Size, Share, Growth, And Industry Analysis By Type (Wired Charger, Wireless Charger) By Application (Power Bank, General Charger) Regional Forecast to 2028

Report Overview

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The global mobile phone charger market size was USD 6.565 billion in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with the mobile phone charger market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 8.206 billion in 2028, exhibiting a CAGR of 3.2% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A mobile phone charger in terms of electronics is a step-down transformer with a switched mode to provide a power supply to charge mobile phone batteries. It delivers the battery a constant voltage (CV) and constant current (CC), giving it the power needed to charge the battery. Phone chargers. In order to keep all of our electronics charged and ready to use, chargers are crucial tools in our daily lives. Primarily, a mobile phone charger comprises of a power adaptor that connects to an electrical outlet and a charging cord that connects to a smartphone, laptop, tablet, and other devices.

A portable mobile charger enables customers to recharge their electrical gadgets even on the go that is it enables users to use and charge their gadgets wherever there is an electrical outlet. Our daily lives are not complete without our mobile phones. Users of these phones may conduct crucial business talks while on the go, making them an essential tool for the workplace. The majority of cell phones have lithium-ion batteries. Since these batteries are rechargeable, they don't need to be taken out unless they need to be changed. The market is promising because it has integrated into people's lifestyles, and it is projected to expand within the forecasted period.

COVID-19 Impact: Demand Increased Due To Rise In Work From Home

The pandemic significantly altered the social structure. Lockdowns were implemented, businesses underwent changes, and the government launched steps to lessen the pandemic's adverse social effects. Although the rise in work-from-home employment as a result of national governments' limits on mobility increased demand for electronic devices, which in turn increased demand for mobile phone chargers. However, the manufacturing of mobile phone chargers has been hindered by supply restrictions on firms. The need for mobile phone chargers is anticipated to rise in the wake of the epidemic, fueling the market growth over the upcoming years.

Latest Trends

"Rise In The Wireless Charger To Contribute To The Market Expansion"

The usage of mobile phones, tablets, and other electronic gadgets has significantly increased as a result of technological improvement. The exponential rate of development of wireless devices is a factor in the expanding use of wireless technology in mobile phone chargers. There is widespread agreement that using wireless is more convenient, and demand for wireless mobile phone chargers is rising quickly. Thereby, the market players are investing heavily to create efficient wireless mobile phone charger which is meant to expand the market for mobile phone charger.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Wired Charger and Wireless Charger. Wired charger is the largest segment by type segmentation.

• By Application Analysis

Based on application, the market can be divided into Power Bank and General Charger. By the application segment, the general charger segment holds the majority of the sector.

Driving Factors

"Emergence Of 5G Technology To Drive The Market Growth"

Work in the field of 5G technology has been incredible in recent years, and as a result, the growing anticipation of better and more efficient network connectivity has pushed market players to invest in the rollout of 5G-enabled mobile phones. As consumers are witnessing the advent of 5G technology in the network industry, the demand for such mobile phones has grown exponentially. As such in the forecast period, the emergence of 5G technology and its adoption in mobile phones is expected to drive the mobile phone market share.

"Compact Size And Durability To Increase The Market Demand"

The global portable charger market is expanding as a result of rising demand for compact size, rechargeable battery powered electronic devices like smartphones, laptops, and tablets, as well as advantages offered by portable devices like portability, durability, multiple outlets, fast charging, and low cost, which make these devices more energy-efficient. These factors are also fueled by rising consumer spending power. On the other hand, inventive developments in practical chargers, like remote versatile chargers, offer the market new opportunities in the years to come. The need for portable chargers that are compact in size has increased dramatically as people own more and more gadgets, which will fuel the rise of the mobile phone market.

Restraining Factors

"Fluctuating Prices Of Raw Materials To Harm The Market Growth"

The COVID-19 effect and the ongoing geopolitical turmoil severely disrupted the domestic mobile phone charger market's ability to maintain price stability. As a result, a lot more raw materials are now needed to manufacture the mobile phone charger. Additionally, as a result of the price issues already discussed, the overall cost of individual mobile phone prices is rising, which is anticipated to hinder the expansion of the market for mobile phone chargers.

Regional Insights

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"Europe Dominates Due To Increased Demand From The Region"

The Europe region is one of the most advanced economies in the world economy. As a result, the region's consumers have relatively high standards of living, and demand for electronic devices there has been expanding quickly. Additionally, the region has a very high level of internet penetration. These circumstances have increased the use of mobile phones and other similar devices, which has driven the market for mobile phone chargers in the area and made Europe the leading region for mobile phone chargers. The market for mobile phone chargers in North America, which currently has the second-largest share, is anticipated to expand throughout the forecasted period.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Samsung (South Korea)
• Rayovac (U.S.)
• PNY (U.S.)
• Mipow (Philippines)
• HONGYI (China)
• ARUN (South Korea)
• SIYOTEAM (China)
• Scud (Hong Kong)
• Aigo (China)
• Hosiden (Japan)
• MC power (U.S.)
• Yoobao (China)
• Momax (Hong Kong)
• Sinoele (China)
• LG Electronics (South Korea)
• Salcomp (Finland)
• AOHAI (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.