Sweden 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
Market Definition
Sweden GaN Charger Market size was valued at USD 21.83 million in 2023, and is predicted to reach USD 104.36 million by 2030, with a CAGR of 23.7% 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.
Sweden's E-commerce Fuels GaN Charger Market Expansion
Sweden's consumer goods e-commerce market is experiencing robust growth, with approximately 7.60 million users collectively spending about 14.99 billion USD in 2021. The per capita spending in this market is estimated at approximately USD 1971. Notably, 40.4% of these e-commerce users prefer making purchases through their mobile phones, presenting a significant opportunity for the burgeoning GaN charger industry.
As more consumers actively participate in mobile-driven e-commerce activities, there is a foreseeable increase in the demand for convenient charging solutions, thereby playing a pivotal role in expanding the GaN charger market in Sweden. Furthermore, e-commerce platforms in the country offer a diverse array of GaN technology-based wireless chargers strategically positioned to propel the growth of the GaN charger industry throughout Sweden.
Increasing Adoption of Smartphones Boosts GaN Charger Market Demand
As smartphones and electronic devices become more common in Sweden 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 Sweden 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.
Sweden 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 21.83 Million |
|
Revenue Forecast in 2030 |
USD 104.36 Million |
|
Growth Rate |
CAGR of 23.7% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
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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