GaN Charger Market

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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-Dec-2024 | No of Pages: 333 | No. of Tables: 279 | No. of Figures: 247 | Format: PDF | Report Code : EP1200

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Market Overview

The GaN Charger Market size was valued at USD 1.10 billion with 20,089 thousand units in 2023, and is predicted to reach USD 4.22 billion with 96,776 thousand units by 2030, with a CAGR of 19.9% from 2024 to 2030.

A GaN charger is a power adapter that incorporates Gallium Nitride (GaN) as its semiconductor material. GaN chargers offer advantages such as higher efficiency, compact size, and reduced weight compared to traditional silicon-based chargers. These chargers can deliver faster charging speeds due to their ability to handle higher power levels. Additionally, GaN chargers generate less heat during operation, contributing to improved thermal management. These chargers find applications across various devices, including smartphones, laptops, and smartwatches, reflecting their compatibility and adaptability.  The use of GaN technology allows for more flexible and innovative charger designs, making them increasingly popular in the electronics market for their superior performance and design capabilities.

Rising demand for high-performance electronic devices drives the market growth

The surge in demand for high-performance electronic devices is propelling the increasing popularity of GaN chargers. In today's tech-centric era, users of smartphones, laptops, gaming devices, and other power-hungry gadgets are actively seeking charging solutions that can seamlessly keep up with their devices' advanced specifications and resource-intensive functionalities. As smartphones evolve into versatile hubs of communication and productivity, the need for fast and efficient charging becomes paramount, a demand effectively met by GaN chargers with their high-power outputs. Additionally, the rising demand for compact and powerful chargers is fueling the popularity of GaN chargers. As consumers increasingly prioritize compact and powerful electronic devices, there is a growing need for chargers that can efficiently meet these requirements. GaN chargers emerge as uniquely positioned solutions capable of meeting these demands, offering both efficiency and speed, while also fulfilling diverse charging needs of modern, high-performance electronic devices.

 

Rising disposable income across the globe boosts the market growth

The global increase in disposable income is leading to a surge in consumer spending on essential electronic devices such as smartphones, tablets, and laptops. This financial capacity improvement is fueling the growing preference for high-end gadgets that enhance productivity and connectivity, driving the demand for Gallium Nitride (GaN) chargers. Due to their efficiency and rapid charging capabilities, GaN chargers cater to users seeking fast and reliable charging solutions for their devices. The expanding ownership of smartphones and laptops, driven by higher disposable income, is a key factor propelling the growth of the GaN charger market. As consumers increasingly prioritize convenience and efficiency in their electronic devices, the demand for GaN chargers is expected to increase in the coming years.

High cost of Gallium Nitride restrains market growth

The high cost of Gallium Nitride (GaN) is the major factor restraining the growth of the GaN charger market. While GaN chargers offer numerous advantages, including higher efficiency, faster charging, and compact design, the cost of manufacturing GaN-based semiconductors is generally higher compared to traditional silicon-based alternatives. The high production cost of GaN results in higher retail prices for GaN chargers, making them less accessible to a broader consumer base. As a result, the adoption of GaN chargers may be limited, particularly in price-sensitive markets, hindering the overall market growth.

Integration of GaN chargers with wireless technology creates market opportunity

The integration of GaN chargers with wireless charging technology is anticipated to create a significant future opportunity for the GaN charger market. By combining the efficiency and compact design characteristics of GaN chargers with the cable-free experience provided by wireless charging addresses the demand for fast charging with a clutter-free and streamlined user experience. With the increasing demand for wireless charging solutions across the globe, the demand for a fast and cable free charging technologies is anticipated to increase, creating ample opportunities for the growth of GaN charger market in the forecasted period.

Asia-Pacific dominates the GaN charger market

The GaN charger market is experiencing significant growth, propelled by the increasing adoption of smartphones, tablets, and laptops in countries such as India, China, and Thailand. As per the latest report published by the Global System for Mobile Communications Association (GSMA), the smartphone adoption rate in the Asia-Pacific region is expected to surge from 76% in 2022 to 94% in 2030, showcasing a robust growth rate of 24% during the period from 2022 to 2030. As more people integrate smartphones and laptops into their daily lives in this region, the demand for fast and reliable charging is poised to rise, driving the growth of GaN chargers in the market.

Moreover, presence of key market players such as Ugreen Group Ltd., Anker Innovations, and Samsung Electronics among others play a major role in the growth of the GaN charger market. The growing research and development (R&D) by these companies for advancement in high-performance charging solutions, contributing significantly to the overall growth of the GaN charger market.

For instance, in December 2023, Ugreen Group Ltd. launched the Gan powered Nexode Pro Series, which includes four cutting-edge chargers, designed to provide a lightning-fast charging experience. The chargers are equipped with GaNInfinity technology, which helps reduce CO2 emissions, contributing to a greener world.

Also, in November 2022, Anker launched its new generation of Gallium Nitride (GaN) charger GaNPrime, which allows for a safer, faster, and more sustainable charging experience. Through this launch, the company aims to provide a charger compatible with a vast range of devices while also reducing the amount of e-waste created by older or device chargers.

 

North America is expected to show steady growth in the GaN charger market

The growth of the GaN charger market in North America is driven by the rising disposable income in this region. As per the latest report published by the U.S. Bureau of Labor Statistics (BLS) reported a significant increase in disposable income, coupled with heightened spending patterns among American households in 2022. The average annual expenditures witnessed a substantial 9.0% rise compared to 2021, reaching USD 72,967 in 2022. This economic upswing and the ability of consumers to afford advanced and efficient charging solutions is the major factor propelling the growth of the GaN charger market in the region.

Moreover, the increasing demand for GaN chargers in this region is significantly driven by the presence of major consumer electronics manufacturers, including industry leaders such as Apple Inc, Zagg Inc, and Belkin International, Inc. The integration of GaN chargers into the product offerings of these manufacturers significantly contributes to the increasing demand for GaN chargers in the region.

For instance, in October 2022, Zagg Inc. (Mophie) launched a 120W GaN (Gallium Nitride) fast charger that is compatible with various devices, including Apple products, PCs, and Android devices. The charger is designed to deliver 120 watts of total power distributed over its four ports, which include two 100W USB-C ports and a 20W USB port.

Also, in August 2022, Belkin launched the BOOSTCHARGE PRO Dual USB-C GaN Wall Charger with PPS, which is available in 65W and 45W versions. The wall charger is engineered with GaN, USB-C PD 3.0, and PPS charging technologies to deliver a fast and safe charge that won’t overheat or overcharge devices.

 

Competitive Landscape

Several market players operating in the 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 among others. These market players are adopting various strategies such as partnership and product launches to remain dominant in the GaN charger market.

For instance, in September 2023, Ugreen partnered with Navitas Semiconductor to launch the first 5-port 300W GaN desktop charger named the Ugreen Nexode 300W Desktop Charger. The charger can fast charge five devices simultaneously, with four USB-C ports and one USB-A port.

Also, in May 2022, Zagg (Mophie) launched a new lineup of wall chargers called speedport, which are powered by Gallium Nitride (GaN) technology. The speedport lineup includes four models including speedport 30, speedport 45, speedport 67, and speedport 120, which deliver up to 30W, 45W, 67W, and 120W of fast charging power, respectively.

Additionally, in October 2021, Belkin launched its smallest 60W GaN charging solution, the BOOSTCHARGE PRO USB-C PD GaN Wall Charger 60W. The charger is designed to be 53% smaller than standard 60W laptop chargers and can efficiently charge a wide range of devices, including the MacBook Pro and newest iPhone 12 models.

Key Market 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

By Region        

  • North America    

    • The U.S.

    • Canada

    • Mexico

  • Europe    

    • The U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Netherlands

    • Finland

    • Poland

    • Sweden

    • Norway

    • Russia

    • Rest of Europe

  • Asia-Pacific    

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Indonesia

    • Singapore

    • Taiwan

    • Thailand

    • Rest of Asia-Pacific

  • Rest of World    

    • Latin America

    • Middle East

    • Africa

Key Market Players:

  • Anker Innovations

  • Apple Inc.

  • Samsung Electronics 

  • Belkin International Inc.

  • Xiaomi Corporation

  • Zagg Inc.

  • Energizer Holding Inc.

  • Baseus 

  • Eaton

  • Ugreen Group Limited

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 1.10 Billion

Revenue Forecast in 2030

USD 4.22 Billion

Market Volume in 2023 (000’ Units)

20,089 Units

Volume Forecast in 2030 (000’ Units)

96,776 Units

Growth Rate

CAGR of 19.9% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Billion (USD)

Growth Factors

Increasing demand for electronic devices across the globe drives the market growth

Increasing disposable income and consumer spending worldwide boosts the market

Countries Covered

29

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.

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Frequently Asked Questions

In 2023, the GaN Charger Market was valued at USD 1.10 billion, with 20,089 thousand units. By 2030, it is predicted to reach USD 4.22 billion with 96,776 thousand units, exhibiting a Compound Annual Growth Rate (CAGR) of 19.9% from 2024 to 2030.

GaN chargers utilize Gallium Nitride (GaN) as their semiconductor material, offering advantages such as higher efficiency, compact size (40% smaller than silicon-based chargers), reduced weight, and faster than the traditional chargers.

The market is driven by the rising demand for high-performance electronic devices, emphasizing the need for efficient and fast-charging solutions.

Asia-Pacific leads the GaN Charger Market due to the increasing adoption of smartphones, tablets, and laptops, coupled with a rising smartphone adoption rate. The presence of key market players and continuous research and development activities also contribute to the market's growth in this region.

Key players include Anker Innovations, Apple Inc, Samsung Electronics, Belkin International, Inc, Xiaomi Corporation, Zagg Inc, Energizer Holding Inc, Baseus, Eaton, and Ugreen Group Limited.

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