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Home>News>Market Size Analysis of Main Types of USB Charger Industry in the World and China
April 22, 2024
Market Size Analysis of Main Types of USB Charger Industry in the World and China
General overview of market size analysis of major types of Usb Charger industry in the world and China.
The USB charger industry is a rapidly growing market driven by increased demand for portable electronic devices such as smartphones, tablets, and laptops. The market is divided into different types of USB chargers, including wall chargers, car chargers, and portable chargers. According to a report by Grand View Research, the global USB charger market size in 2019 was $17.2 billion, and it is expected to grow at a compound annual growth rate of 6.8% from 2020 to 2027. The increasing popularity of smartphones and other portable devices is a major factor driving market growth. In China, the USB charger market is also growing rapidly. According to a report by QY Research, the market size of USB chargers in China was $1.8 billion in 2019, and it is expected to reach $3.7 billion by 2026, with a compound annual growth rate of 10.2% from 2020 to 2026. The increasing penetration of smartphones and other portable devices in China has driven market growth.
As for different types of USB chargers, due to the widespread use of wall chargers in homes, offices, and public places, it is expected that they will dominate the market. Due to the increasing demand for portable charging solutions, the portable charger market is expected to grow rapidly. In summary, due to the increasing popularity of portable electronic devices, the USB charger industry is a rapidly growing market. In the next few years, the market is expected to continue to grow, leading the field of wall and portable chargers.
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