There had been a negative impact on the industry caused due to the COVID-19 pandemic, which can be seen through the 2020 and also early 2021. The top five power supply vendors catering to the external power adapters and chargers market witnessed less than 5% revenue growth in 2020. WAWT’s projections suggest that the global external power adapters and chargers market is expected to grow at a five-year CAGR of around 2% in the next five years, due to the impact of the pandemic; other external market factors such as chips and other component shortage; as well as decline in the overall demand of few product categories.
The product categories which are expected to drive the growth of the global external power adapters and chargers market in next five years are expected to be smart speakers (CAGR of 15%+), wearable devices (CAGR of around 10%), wireless power chargers (CAGR of more than 20%).
The share of the largest product segment i.e. mobile phones is expected to drop by around 7% points, in terms of volume and value by 2025. Following the largest share of mobile phone adapters and chargers market, other contributors include mobile PCs (10%+ share); flat-panel monitors (~7% share), small and major appliances (nearly 6% share); Set-top boxes (5% share); and mobile and media tablets (less than 5% share).
The home entertainment and audio-video device product categories are projected to see a negative growth in the next five years, resulting in more than 15% drop in their revenue share by 2025, following other consumer appliance product categories which will register around 10% drop in its share.
From a regional perspective, Asia will continue to dominate the market, with its lion revenue share of more than 3/4th, followed by the Americas and the EMEA region. The share of volume and value by region will remain consistent in the next five years.
Based on other key market segmentation analysis, the 10W-14.9W power rating segment which held the largest share of shipments of more than 40% is projected to drop in the next five years. The shipment share of the 5W and less power rating segment will remain fairly consistent to around 25% in the next five years, similar to more than 71W segment. THer 15W-30W segment is expected to be the fastest growing power rating segment in the next five years.
For more detailed data, insights and trends on the global external power adapters and chargers market, kindly refer to WAWT’s most comprehensive research on the power supply industry, delivered through its subscription-based Power Supply Intelligence Service, which extensively covers AC-DC, DC-DC Converters, and External Power Adapters and Chargers market. WAWT research solutions are designed to help companies across supply-chain to understand the market dynamics and identify the trends to strategise product development and marketing as well as to take the uncertainty out of it.