Rising demand for high-efficiency chargers and increasing adoption of smartphones  are driving up demand for the Canada GaN charger market during the forecast period.

Canada GaN Charger Market size was valued at USD 23.12 million in 2023, and is predicted to reach USD 94.53 million by 2030, with a CAGR of 20.9% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

The increasing adoption of smartphones, earphones, laptops, and other electronic devices is driving the growth of the charging sector in Canada.

Canadians are increasingly embracing smartphones for their numerous advantages, such as high-quality cameras, large data storage capacities, and advanced charging capabilities.

According to a recent study conducted by Statistics Canada, 43% of Canadians check their smartphones at least every 30 minutes. Among younger Canadians aged 15 to 24, this percentage rises to 71%, with 17% checking their phones every 5 minutes.

These statistics indicate a promising future for the GaN charger industry in Canada, fueled by the widespread and frequent use of smartphones among Canadians, especially the younger demographic.

However, 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.

On the other hand, 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.

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According to the report, leading players in the Canada GaN charger market include Anker Innovations, Apple Inc., Samsung Electronics, Belkin International Inc., Xiaomi Corporation, Zagg Inc., Energizer Holding Inc., Baseus, Eaton, and Ugreen Group Limited.

Key Insights from the Canada GaN Charger Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Canada GaN charger market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the Canada GaN charger market is provided in the report along with their competitive analysis.