Europe GaN Charger Market by Number of Ports (Single Port GaN Charger and Multi-port GaN Charger), by Power Output (Upto 30W, 31W to 65W, 66W to 100W, and Above 100W), and by Sales Channel (Online and Offline)– Global Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Energy & Power | Publish Date: 04-Mar-2024 | No of Pages: 208 | No. of Tables: 162 | No. of Figures: 127 | Format: PDF | Report Code : N/A
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Market Definition
Europe GaN Charger Market size was valued at USD 347.20 million in 2023, and is predicted to reach USD 1373.09 million by 2030, with a CAGR of 20.4% from 2024 to 2030.
GaN chargers, which utilize Gallium Nitride (GaN) semiconductor technology, significantly advance electronic device charging. They are valued for their compact size, which is 40% smaller than their silicon-based counterparts, which refers to traditional chargers that use silicon semiconductors.
This smaller size is due to GaN's superior electrical and thermal properties, allowing for faster charging, reduced heat generation, and increased efficiency. Additionally, GaN chargers are portable and cost-effective as they do not require bulky heat sinks or cooling systems.
These chargers find applications across various devices, including smartphones, laptops, and smartwatches, reflecting their compatibility and adaptability. GaN chargers, especially embraced within high-end electronic devices, are advancing and assuring improved performance, actively playing a role in the continual progression of charging technology. The GaN charger utilizes Gallium Nitride semiconductor material, which allows for enhanced efficiency, faster charging speeds, and a more compact design than traditional chargers based on silicon.
Growing Adoption of Smartphones Fuels GaN Charger Market Growth in Europe
The widespread adoption of smartphones and laptops is a prominent catalyst, creating an escalating demand for advanced charging solutions, particularly evidenced by the increasing popularity of GaN chargers.
As consumers rely heavily on electronic devices for communication, work, and entertainment, there is a growing need for efficient and rapid charging options, a demand seamlessly met by the innovative features of GaN chargers.
According to the European Commission, in 2020, approximately 420 million mobile phones and other portable electronic devices were sold in the EU.
Growing Government Initiatives Boosts Demand for GaN Charger Market
The recent government initiatives within the European Union (EU) to standardize charging ports align significantly with the Gallium Nitride (GaN) charger market. The adoption of USB Type-C charging ports for all mobile phones, tablets, and cameras was mandated by the end of 2024.
Following this, the requirement will extend to laptops starting in 2026. This regulatory shift aims to reduce e-waste and empowers consumers to make more sustainable choices.
High Costs Associated with GaN Chargers Hinders the Market Growth
The GaN charger market faces a challenge due to the high costs associated with this advanced technology. While GaN chargers offer faster charging and improved energy efficiency, their initial investment differs significantly from the budget-friendly nature of traditional charging solutions.
The higher costs associated with GaN chargers present a notable challenge, especially in markets where consumer preferences heavily prioritize affordability. This financial consideration becomes a pivotal factor influencing the adoption trajectory, potentially slowing the acceptance of GaN chargers among a broader consumer base.
Integration of GaN Chargers with Wireless Charging Technology
Integrating GaN chargers with wireless charging technology is a significant future opportunity for the GaN charger market. This fusion holds the potential to redefine charging solutions by combining the efficiency and compact design features of GaN chargers with the convenience and cable-free experience offered by wireless charging.
As the demand for wireless charging continues to grow, the convergence of GaN and wireless charging technologies presents a promising avenue for manufacturers to tap into evolving consumer preferences and offer versatile, high-performance charging solutions for an array of electronic devices.
For instance, ESR introduced its revolutionary 100W Apple-certified 6-in-1 charging station. The 6-in-1 charger has three distinct magnetic wireless charging modules dedicated to the iPhone, Apple Watch, and AirPods. This comprehensive charging station enables users to charge all their portable Apple devices, providing an optimal solution to eliminate cable clutter and streamline their daily charging rituals.
The Germany Holds the Dominant Market Share in the Europe Market
Germany holds the largest share within the European region in the GaN charger market owing to rising disposable income. In the second quarter of 2023, Germany experienced a growth in its overall disposable income, which surged from about USD 615 billion in the preceding quarter to USD 628 billion.
This upswing in household incomes is expected to stimulate increased consumer spending, particularly for electronics, smartphones, laptops, and others. Consequently, this surge in demand for electronic devices may contribute to a positive trajectory for the GaN charger market as consumers seek efficient and advanced charging solutions to complement their expanding array of electronic gadgets.
Finland is Expected to Show Steady Growth in the Europe GaN Charger Market
The continuous growth of consumer electronics in Finland propels the GAN chargers market. Estimates suggest a 16.8% increase in Finland's e-commerce penetration rate between 2023 and 2028, reaching 93% by the decade's end; the GAN charger market benefits from this upward trend.
This consistent rise reflects the ongoing digital transformation in Finnish retail, emphasizing the increasing need for advanced, efficient charging solutions, including GaN chargers, to meet the evolving demands of the tech-driven consumer landscape.
Competitive Landscape
The Europe GaN charger industry includes several market players such as Anker Innovations, Apple Inc., Samsung Electronics, Belkin International Inc., Xiaomi Corporation, Zagg Inc., Energizer Holding Inc., Baseus, Eaton, and Ugreen Group Limited.
Europe GaN Charger Market Key Segments
By Number of Ports
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Single Port GaN Charger
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Multi-port GaN Charger
By Power Output
-
Upto 30W
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31W to 65W
-
66W to 100W
-
Above 100W
By Sales Channel
-
Online
-
Offline
By Country
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UK
-
Germany
-
France
-
Italy
-
Spain
-
Denmark
-
Netherlands
-
Finland
-
Poland
-
Sweden
-
Norway
-
Russia
-
Rest of Europe
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 347.20 Million |
|
Revenue Forecast in 2030 |
USD 1373.09 Million |
|
Growth Rate |
CAGR of 20.4% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Countries Covered |
12 |
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
-
Anker Innovations
-
Apple Inc.
-
Samsung Electronics
-
Belkin International Inc.
-
Xiaomi Corporation
-
Zagg Inc.
-
Energizer Holding Inc.
-
Baseus
-
Eaton
-
Ugreen Group Limited
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