The Mobile Phone Power Accessories Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Mobile Phone Power Accessories Global Market Report 2024, The mobile phone power accessories market size is expected to see strong growth in the next few years. It will grow to $50 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to 5G rollout, an increase in mobile users, technological innovations, sustainability trends, and the emergence of IoT devices. Major trends in the forecast period include wireless charging, fast charging solutions, portable power banks, eco-friendly products, multi-functional accessories, and smart power management.
Rising smartphone adoption is expected to propel the growth of the mobile phone power accessories market going forward. Smartphone use is driven by enhancing the user experience and increasing affordability due to competitive pricing and financing options. Additionally, growing internet penetration and the popularity of online services further boost smartphone demand. Smartphone power accessories extend battery life and ensure uninterrupted daily usage. For instance, in February 2024, according to Uswitch Limited, a UK-based financial conduct authority, the number of mobile connections in the UK rose to 71.8 million, reflecting a 3.8% increase (approximately 2.6 million connections) compared to 2021. By 2025, there will be 68.3 million people living in the UK, of whom 95% (or about 65 million people) will have smartphones. Therefore, rising smartphone adoption will drive growth in the mobile phone power accessories market.
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The mobile phone power accessories market covered in this report is segmented –
1) By Product Type: Power Banks, Wireless Chargers, Battery Cases, Portable Chargers
2) By Charging Capacity: Below 5,000 mAh, 5,000 to 10,000 mAh, Above 10,000 mAh
3) By Distribution Channel: Online Retail, Offline Retail
Major mobile phone power accessories companies are innovating sustainable charging devices to meet the growing consumer demand for environmentally friendly products. These innovations focus on reducing environmental impact, improving energy efficiency, and utilizing sustainable materials. Sustainable charging devices are chargers and power accessories for mobile phones and other electronic gadgets that are designed, manufactured, and disposed of in ways that minimize their environmental footprint. For instance, in September 2021, HARMAN International, a US-based audio electronics company (a wholly-owned subsidiary of Samsung Electronics Co. Ltd.), launched non-audio products and power accessories under InfinityLab. It is built from 90% recycled plastic and includes eco-friendly wall chargers, power banks, wireless stands, and a loudspeaker for clear calling. SB-A, USB-C, and Lightning cables are weaved from recycled polyester yarn.
The mobile phone power accessories market report table of contents includes:
1. Executive Summary
2. Mobile Phone Power Accessories Market Characteristics
3. Mobile Phone Power Accessories Market Trends And Strategies
4. Mobile Phone Power Accessories Market – Macro Economic Scenario
5. Global Mobile Phone Power Accessories Market Size and Growth
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32. Global Mobile Phone Power Accessories Market Competitive Benchmarking
33. Global Mobile Phone Power Accessories Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mobile Phone Power Accessories Market
35. Mobile Phone Power Accessories Market Future Outlook and Potential Analysis
36. Appendix
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