North America 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: 136 | No. of Tables: 102 | No. of Figures: 67 | Format: PDF | Report Code : N/A
Market Definition
North America GaN Charger Market size was valued at USD 165.27 million in 2023, and is predicted to reach USD 756.26 million by 2030, with a CAGR of 22.9% 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 North America
North America will witness substantial dynamic growth in the GaN charger market owing to surging smartphone penetration and diverse mobile device usage patterns. The evolution of mobile phone technology and smartphones' integral role in daily life, ranging from communication to entertainment and productivity, has driven the need for efficient and reliable charging solutions prominently met by GaN chargers.
Expansion of E-commerce Boosts GaN Charger Market Demand
The burgeoning expansion of e-commerce platforms across North America is significantly enhancing accessibility to electronic devices and accessories, including GaN chargers, thereby fueling market growth.
With the convenience of online shopping, consumers across the continent are now able to easily browse and purchase a wide range of electronic gadgets and accessories, including GaN chargers, from the comfort of their homes.
This increased access to GaN chargers through e-commerce platforms is playing a pivotal role in driving the growth of the market, as consumers seek efficient and reliable charging solutions for their electronic devices.
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 U.S. Holds the Dominant Market Share in the North America Market
The US occupies a prominent position among nations with a substantial penetration of smartphones and various handheld mobile devices, thereby contributing to the rapid growth of the GaN charger market. The evolution of mobile phone technology, coupled with its expanding range of applications, has significantly contributed to the escalating demand for GaN chargers within the United States.
As smartphones continue to play an integral role in consumers' daily lives, ranging from communication to entertainment and productivity, the need for efficient and reliable charging solutions, including GaN chargers, has witnessed a remarkable upswing.
Mexico is Expected to Show Steady Growth in the North America GaN Charger Market
The robust GDP growth and economic prosperity in Mexico are pivotal drivers propelling the expansion of the GaN charger market. As the economy flourishes, consumers experience an uptick in purchasing power, facilitating investments in mobile phones, laptops, and other electronic devices. The burgeoning middle-class demographic, armed with disposable income, demonstrates a heightened interest in adopting these technologies for convenience, energy efficiency, and an overall improvement in their quality of life.
This economic upturn creates a favorable business landscape for the GaN charger market to flourish and broaden its market presence among Mexican consumers actively seeking innovative and efficient charging solutions for various electronic devices.
Competitive Landscape
The North America 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.
North America 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
By Country
-
U.S.
-
Canada
-
Mexico
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 165.27 Million |
|
Revenue Forecast in 2030 |
USD 756.26 Million |
|
Growth Rate |
CAGR of 22.9% 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 |
3 |
|
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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