Wall Charger Market to Reach $2.9 Billion, Globally, by 2032 at 6.3% CAGR: Allied Market Research
NEW CASTLE, Del., Nov. 1, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Wall Charger Market by Type (Multiport, Dualport, and Singleport), and Application (Smartphone, Featurephone, Tablet, Smartwatch, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032". According to the report, the global wall charger market was valued at $1.6 billion in 2022, and is projected to reach $2.9 billion by 2032, registering a CAGR of 6.3% from 2023 to 2032.
- The wall charger market is driven by factors such increase in use of multiport wall charger due to increase in the demand for smartphones, which is expected to cause the wall charger market to grow significantly during the forecast period
NEW CASTLE, Del., Nov. 1, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, " Wall Charger Market by Type (Multiport, Dualport, and Singleport), and Application (Smartphone, Featurephone, Tablet, Smartwatch, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032". - According to the report, the global wall charger market was valued at $1.6 billion in 2022, and is projected to reach $2.9 billion by 2032, registering a CAGR of 6.3% from 2023 to 2032.
- In addition, during the forecast period, the wall charger market is anticipated to benefit from a surge in trends towards electric vehicles.
- On the other hand, growth in the Wall Charger market is expected to be restrained by high usage of electricity as compared to USB charging.