Mobile Phone Power Accessories Global Market Worth $50 Billion By 2028 Rapid Growth Predicted CAGR of 7.5%

The mobile phone power accessories global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Mobile Phone Power Accessories Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The mobile phone power accessories market size has grown strongly in recent years. It will grow from $34.91 billion in 2023 to $37.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%.  The growth in the historic period can be attributed to increased smartphone penetration, technological advancements, rising disposable income, the proliferation of e-commerce, and growing mobile usage.

The mobile phone power accessories market size is expected to see strong growth in the next few years. It will grow to $50 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.  The growth in the forecast period can be attributed to 5G rollout, an increase in mobile users, technological innovations, sustainability trends, and the emergence of IoT devices. Major trends in the forecast period include wireless charging, fast charging solutions, portable power banks, eco-friendly products, multi-functional accessories, and smart power management.

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Scope Of Mobile Phone Power Accessories Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Mobile Phone Power Accessories Market Overview

Market Drivers –
Rising smartphone adoption is expected to propel the growth of the mobile phone power accessories market going forward. Smartphone use is driven by enhancing the user experience and increasing affordability due to competitive pricing and financing options. Additionally, growing internet penetration and the popularity of online services further boost smartphone demand. Smartphone power accessories extend battery life and ensure uninterrupted daily usage. For instance, in February 2024, according to Uswitch Limited, a UK-based financial conduct authority, the number of mobile connections in the UK rose to 71.8 million, reflecting a 3.8% increase (approximately 2.6 million connections) compared to 2021. By 2025, there will be 68.3 million people living in the UK, of whom 95% (or about 65 million people) will have smartphones. Therefore, rising smartphone adoption will drive growth in the mobile phone power accessories market.

Market Trends –
Major mobile phone power accessories companies are innovating sustainable charging devices to meet the growing consumer demand for environmentally friendly products. These innovations focus on reducing environmental impact, improving energy efficiency, and utilizing sustainable materials. Sustainable charging devices are chargers and power accessories for mobile phones and other electronic gadgets that are designed, manufactured, and disposed of in ways that minimize their environmental footprint. For instance, in September 2021, HARMAN International, a US-based audio electronics company (a wholly-owned subsidiary of Samsung Electronics Co. Ltd.), launched non-audio products and power accessories under InfinityLab. It is built from 90% recycled plastic and includes eco-friendly wall chargers, power banks, wireless stands, and a loudspeaker for clear calling. SB-A, USB-C, and Lightning cables are weaved from recycled polyester yarn.

The mobile phone power accessories market covered in this report is segmented –
1) By Product Type: Power Banks, Wireless Chargers, Battery Cases, Portable Chargers
2) By Charging Capacity:  Below 5,000 mAh, 5,000 to 10,000 mAh, Above 10,000 mAh
3) By Distribution Channel: Online Retail, Offline Retail

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Regional Insights –
Asia-Pacific was the largest region in the mobile phone power accessories market in 2023. The regions covered in the mobile phone power accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies operating in the mobile phone power accessories market are  Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Sony Corporation, Lenovo Group Limited, Panasonic Corporation, LG Electronics Inc., Xiaomi Corporation, Energizer Holdings Inc., Anker Innovations Technology Co. Ltd., OnePlus Technology Co. Ltd., Realme, ZAGG Inc, Belkin International Inc., Spigen Inc, Scosche Industries Inc., AUKEY Official, Baseus, Ambrane India Pvt. Ltd., RAVPower Technology Co. Ltd., iOttie Inc., Satechi Corporation, Griffin Technology, America Ugreen Limited , Power Practical LLC

Table of Contents
1. Executive Summary
2. Mobile Phone Power Accessories Market Report Structure
3. Mobile Phone Power Accessories Market Trends And Strategies
4. Mobile Phone Power Accessories Market – Macro Economic Scenario
5. Mobile Phone Power Accessories Market Size And Growth
…..
27. Mobile Phone Power Accessories Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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