Growing Smartphone Power Accessories Product Launch Attributed To High Demand

Published: May 2024

Global mobile phone power accessories market is anticipated to grow at a CAGR of 5.7% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing adoption of smartphones and other mobile devices worldwide. As the usage of smartphones continues to rise, so does the demand for accessories that enhance their functionality and usability, including power accessories such as chargers, power banks, and wireless charging pads.

Browse the full report description of “Mobile Phone Power Accessories Market Size, Share & Trends Analysis Report by Component (Power Bank, Chargers and Power Cables) and by Sales Channel (Online and Offline) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/mobile-phone-power-accessories-market

Recent Market Developments-

In November 2023, The Wireless Power Consortium (WPC) announced the impending arrival of Qi2, the next iteration of the widely adopted wireless charging standard. With the first Qi v2.0 devices nearing certification completion, consumers can anticipate availability "in time for the holiday season," with over 100 devices currently undergoing testing or awaiting certification. Notably, the iPhone 15 series will debut as the first Qi2-certified phone. Qi, renowned for its ubiquity across Android and iPhone devices, serves as the foundation for wireless charging technology, including MagSafe. Version 2.0 brings enhancements to the existing Qi standard and introduces Qi2, promising advancements in wireless charging capabilities.

In June 2021, Xiaomi introduced the Mi HyperSonic power bank, touted as an optimal fast-charging solution catering to various devices, including smartphones and laptops. Featuring a substantial 20,000mAh battery capacity, this new power bank is equipped with fast charging capabilities, delivering 50-watt super fast charging for efficient and swift recharging.

Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

o By Component

o By Sales Channel

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Apple Inc., Google LLC., Xiaomi, Sony Corp., Samsung Electronics, Co., Ltd., Huawei, and others.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Mobile Phone Power Accessories Market Report Segment

By Component

  • Power Bank
  • Chargers
  • Power Cables

By Sales Channel

  • Online
  • Offline 

Global Mobile Phone Power Accessories Market Report Segment by Region

North America

United States

Canada 

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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