Norway GaN Charger Market

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Norway 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: 05-Mar-2024 | No of Pages: 112 | No. of Tables: 82 | No. of Figures: 47 | Format: PDF | Report Code : N/A

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Market Definition

Norway GaN Charger Market size was valued at USD 18.31 million in 2023, and is predicted to reach USD 79.64 million by 2030, with a CAGR of 22.0% 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.

Norway's E-commerce Fuels GaN Charger Market Expansion

Norway stands out in the e-commerce landscape, with a population nearing 5.5 million and an impressive 92% online shopping penetration rate surpassing Sweden's 86%. E-commerce is pivotal in Norway's economy, contributing almost 5% to its GDP.

In 2022, e-commerce revenue surged to USD 8.64 billion, and projections indicate growth to about USD 14.6 billion by 2027. Moreover, Norway's consumer electronics market, driven by online giants such as Komplett and Elkjøp, has grown substantially.

In 2022, Komplett's net sales exceeded USD 400 million, while Elkjøp surpassed USD 370 million. The robust online presence of these companies, particularly Komplett, has generated the demand for associated technologies, establishing them as influential players in the e-commerce sector.

This development is anticipated to positively impact the GaN Charger market as the escalating online sales of electronic devices drive the demand for convenient charging solutions in the Norwegian market.

 

Increasing Adoption of Smartphones Boosts GaN Charger Market Demand

As smartphones and electronic devices become more common in Norway due to urbanization, improved access to technology, and the rise of e-commerce, the need for reliable charging solutions is increasing. GaN chargers are gaining popularity among consumers because they are efficient, compact, and charge devices quickly.

They meet the evolving needs of consumers who want convenient and reliable charging options, leading to a growing demand for GaN chargers alongside the spread of electronic gadgets in the country.

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.

 

Competitive Landscape 

The Norway 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.

Norway GaN Charger Market Key Segments

By Number of Ports

  • Single Port GaN Charger

  • Multi-port GaN Charger

By Power Output

  • Upto 30W

  • 31W to 65W

  • 66W to 100W

  • Above 100W

By Sales Channel

  • Online

  • Offline

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 18.31 Million

Revenue Forecast in 2030

USD 79.64 Million

Growth Rate

CAGR of 22.0% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Robust growth in e-commerce.

  • The rising adoption of smartphones.

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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Frequently Asked Questions

According to the report published by the Next Move Consulting, the Norway GaN charger market business is expected to hit at $79.64 million (USD) by 2030.

The Norway GaN charger market 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.

The Norway GaN charger market share is segmented on the basis of number of ports, power output, and sales channel.

The expansion of the GaN charger market in the Norway is fuelled by robust growth in e-commerce and rising adoption of smartphones.

High costs associated with GaN chargers hinders the market growth.

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