Industry: Energy & Power | Publish Date: 04-Mar-2024 | No of Pages: 112 | No. of Tables: 82 | No. of Figures: 47 | Format: PDF | Report Code : N/A
The U.S. GaN Charger Market size was valued at USD 114.91 million in 2023, and is predicted to reach USD 521.82 million by 2030, with a CAGR of 22.8% 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.
The U.S. 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.
Owing to the technological dynamics, the growth of the GaN charger market in the US is further fueled by the concurrent rise in disposable income. The US Bureau of Labor Statistics (BLS) reported a noteworthy surge in disposable income, paralleled by increased spending patterns among American households in 2022.
The average annual expenditures for all consumers amounted to USD 72,967, marking a substantial 9.0 % rise from the previous year, 2021. This economic uptick has translated into an enhanced capacity for consumers to invest in premium charging solutions, thereby contributing to the sustained demand for GaN chargers.
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.
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. 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.
Single Port GaN Charger
Multi-port GaN Charger
Upto 30W
31W to 65W
66W to 100W
Above 100W
Online
Offline
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 114.91 Million |
Revenue Forecast in 2030 |
USD 521.82 Million |
Growth Rate |
CAGR of 22.8% 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. |
Anker Innovations
Apple Inc.
Samsung Electronics
Belkin International Inc.
Xiaomi Corporation
Zagg Inc.
Energizer Holding Inc.
Baseus
Eaton
Ugreen Group Limited