How Has the Mobile Phone Power Accessories Market Size Evolved in Recent Years?
The mobile phone power accessories market has seen considerable growth due to a variety of factors.
• The mobile phone power accessories market has seen substantial growth in recent years. It is anticipated to rise from $37.48 billion in 2024 to $40.34 billion in 2025, with a CAGR of 7.6%.
The growth is driven by the increased use of smartphones, technological advancements, rising disposable incomes, the growth of e-commerce, and expanding mobile usage.
What Is The Forecast For The Mobile Phone Power Accessories Market Size?
The mobile phone power accessories market is expected to maintain its strong growth trajectory in upcoming years.
• The mobile phone power accessories market is set to grow to $53.63 billion by 2029 with a CAGR of 7.4%.
This growth is driven by the rollout of 5G, rising mobile usage, technological innovations, sustainability trends, and the advent of IoT devices. Key trends include wireless and fast charging solutions, portable power banks, eco-friendly products, multi-functional accessories, and smart power management.
What Are The Essential Drivers Behind The Growth Of The Mobile Phone Power Accessories Market?
The increasing adoption of smartphones is expected to drive the mobile phone power accessories market forward. Smartphones have gained popularity due to innovations in user experience and internet access, and power accessories are crucial for extending battery life. For instance, Uswitch Limited reported that mobile connections in the UK grew by 3.8% in 2023, with 95% of the population projected to own smartphones by 2025. Therefore, the growing smartphone adoption is set to boost the mobile phone power accessories market.
How Is The Global Mobile Phone Power Accessories Market Divided Into Key Segments?
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
Subsegments:
1) By Power Banks: Standard Power Banks, Fast Charging Power Banks, Solar Power Banks
2) By Wireless Chargers: Qi Wireless Chargers, Fast Wireless Chargers, Multi-Device Wireless Chargers
3) By Battery Cases: iPhone Battery Cases, Samsung Battery Cases, Universal Battery Cases
4) By Portable Chargers: USB Portable Chargers, AC Portable Chargers, Car Portable Chargers
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How Are Emerging Trends Reshaping The Dynamics Of The Mobile Phone Power Accessories Market?
Leading companies in the mobile phone power accessories sector are endeavoring to introduce inventive solutions like charging devices to maintain their competitive position. Charging devices, referring to the electronics used to power up the batteries of various gadgets such as smartphones, tablets, and laptops, are seeing new advances. For example, in February of 2022, Oppo, a consumer electronics firm from China, introduced the 150W SUPERVOOC high-speed flash charging technology, along with a Battery Health Engine (BHE) and the 240W SUPERVOOC flash charge technology, in their power accessories line. The 150W SUPERVOOC Flash Charge from OPPO can power a 4,500mAh battery to 50% in just 5 minutes, and fully charge it in 15 minutes, with the Battery Health Engine aiding in extending the battery's lifespan. Meanwhile, the 240W SUPERVOOC Flash Charge can fully charge a 4,500mAh battery in a mere 9 minutes, offering incredibly fast charging.
Who Are the Key Players In The Mobile Phone Power Accessories Market?
Major companies operating in the mobile phone power accessories market are:
• Apple Inc.
• Samsung Electronics Co. Ltd.
• Huawei Technologies Co. Ltd.
• Sony Corporation
• Lenovo Group Limited
• Panasonic Corporation
• LG Electronics Inc.
• Xiaomi Corporation
• Energizer Holdings Inc.
• Anker Innovations Technology Co. Ltd.
• OnePlus Technology Co. Ltd.
• Realme
• ZAGG Inc
• Belkin International Inc.
• Spigen Inc
• Scosche Industries Inc.
• AUKEY Official
• Baseus
• Ambrane India Pvt. Ltd.
• RAVPower Technology Co. Ltd.
• iOttie Inc.
• Satechi Corporation
• Griffin Technology
• America Ugreen Limited
• Power Practical LLC
What Are The Regional Insights Into The Mobile Phone Power Accessories Market?
Asia-Pacific was the largest region in the mobile phone power accessories market in 2024. The regions covered in the mobile phone power accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
