Germany USB Charger Market Size, Share, and COVID-19 Impact Analysis, By Charger Type (Wall Chargers, Portable Power Car Charger and Power Bank), By Distribution Channel (Online and Offline), and Germany USB Charger Market Insights, Industry Trend, Forecasts to 2035.
Industry: Semiconductors & ElectronicsGermany USB Charger Market Insights Forecasts to 2035
- The Germany USB Charger Market Size Is Expected to Grow at A CAGR Of Around 6.1% From 2024 to 2035
- The Germany USB Charger Market Size Is Expected To Reach A Significant Share By 2035.
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According to a research report published by Spherical Insights & Consulting, The USB Charger Market Size is expected to Grow 6.1% CAGR from 2024 to 2035, is expected to reach a significant share by 2035. The USB charger market in Germany is driven by increasing need for efficient and trustworthy charging technology for the increasing array of electronic devices. The increasing need for smart phones, tablets, laptops, and other connected devices, particularly in the case of work from home and remote learning, is most prominent. Furthermore, technological innovation in charging technology, including USB-C and fast charging functionality, and increasing penetration of IoT devices empowers market growth.
Market Overview
Germany's market for USB chargers is growing fast due to the regulatory requirements, the developments in technology, and the changing demands of consumers.USB chargers are power devices that provide power to devices through Universal Serial Bus (USB) ports. They form a broad range of products such as wall chargers, car chargers, and portable power banks to be used for smart phones, tablets, laptops, and other USB peripherals. The Radio Equipment Directive 2022/2380 of the European Union mandates the use of USB-C as a standard to charge electronic devices by 2024 and laptops by 2026. The directive proposes reducing electronic waste and making life easier for consumers. USB-C and USB Power Delivery (USB PD) technology has advanced to the point where it provides for faster. The growing need for various electronic appliances requires efficient and active charging facilities, thereby suggesting the need for USB chargers. The focus of minimizing electronic wastes offers green and efficient charging facilities with prospects.
Moreover, implementation of the radio equipment directive into German legislation will include USB-C as a standard charging interface for almost all but very specialized electronics with the goal of providing simple charging interfaces and reducing e-waste. The directive will also provide the consumer with the option to buy devices without chargers, reducing redundant electronic waste.
Report Coverage
This research report categorizes the market for the Germany USB Charger market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany USB charger market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany USB charger market.
Germany USB Charger Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 6.1% |
Historical Data for: | 2020-2023 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 100 |
Segments covered: | By Charger Type (Wall Chargers, Portable Power Car Charger and Power Bank), By Distribution Channel (Online and Offline) |
Companies covered:: | ABB, Allego GmbH, ChargePoint, Compleo, Efacec, Anker, EVBOX, and Others |
Pitfalls & Challenges: | COVID-19 Impact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The growing need for added functionality in mobile phones is driving the market growth. Growing power consumption of electronic devices and fallen cost of charger are the major drivers of the market. The usage of these devices has drastically grown in the recent past years, as internet-based application and games are available. Greater usage of digital devices has raised the market growth. Durability, portability, multiple sockets, quick charging, low price, etc. Also, 4G networks and regular use of internet services have increased the inefficiency of gadgets in terms of power consumption. This has created an immense demand for USB charger all over the world thus driving the market growth.
Restraining Factors
The Germany USB charger industry is challenged by counterfeit products, compatibility concerns, increasing wireless charging adoption, and stringent EU laws requiring USB-C standardization, raising manufacturers' compliance expenses.
Market Segmentation
The Germany USB charger market share is classified into charger type and distribution channel.
- The wall chargers segment held a dominant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The Germany USB charger market is segmented by charger type into wall chargers, portable power car charger and power bank. Among these, the wall charger segment held a dominant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The wall charger segment leads the market for USB chargers in Germany owing to various reasons such as the boost in demand for fast charging and the easy access they provide. Germany's robust automotive and industrial base also augurs well for the market and has them focus on the expansion of EV infrastructure.
- The offline segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The Germany USB charger market is segmented by distribution channel into online and offline. Among these, offline segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is because of high consumer demand for personal product inspection, instant availability, and post-sale service. Furthermore, established retail networks and the presence of reputable electronics outlets increase the confidence of customers, leading to consistent growth and persistent demand in the Germany USB charger market
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Germany USB charging market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- ABB
- Allego GmbH
- ChargePoint
- Compleo
- Efacec
- Anker
- EVBOX
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at Germany, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Germany USB charger market based on the below-mentioned segments:
Germany USB Charger Market, By Charger Type
- Wall Chargers
- Portable Power Car Charger
- Power Bank
Germany USB Charger Market, By Distribution Channel
- Online
- Offline
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