The global USB wall socket market revenue was around US$ 1 billion in 2022 and is estimated to reach US$ 1.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2023 to 2031.
The USB wall socket is a wall socket that includes a USB port in it. It transforms the AC (Alternative Current) supply of the outlet into DC (Direct Current) and then offers the specific voltage to the device. It allows the user to charge electronic devices such as tablets, smartphones, laptops, and others. It is a mounted plug socket with built-in USB ports. It delivers a place in a wiring system where current can be obtained to operate electrical devices.
Market Driving Factors
Penetration of smartphones to boost the market growth. Increasing adoption of smartphones surge the advancements in smartphones have led to the creation of USB chargers which has resulted in the creation of technically inclined sockets as well.
The surge in digitalization is estimated to create a demand for such electronic and semiconductor appliances. Advancements in technology have led to the creation and upgradation of several electronic equipment toward smart electronic devices that are connected to the internet has created the demand for a broad range of wall USB socket devices. In addition, the existence of rapid growth in consumer electronics and sales through online e-commerce will offer ample opportunities for the market.
The existence of issues like hackers stealing data through USB wall sockets and the availability of low-quality, inexpensive devices would impede market growth.
Regional Analysis
North America dominates the market during the projection period. The existence of top manufacturing companies such as Sennheiser Electronics GmbH, Sony Corporation, and Apple Inc. boosted the demand for USB wall sockets. In addition, the existence of product launches of several electronics from the above-mentioned companies will surge the demand for market expansion.
Segmentation Insights
Type Insight
The two USB ports segment dominates the market. These ports are a wall charger with two different ports, which is designed to charge up to two items simultaneously. This type of USB wall socket allows individuals to charge their mobiles while at home or traveling without having to share one regular outlet between them. It is equipped with sufficient wattage for each mobile battery to charge effectively without damaging or overheating the electronic device’s battery life.
USB Standard Insight
The type-A segment dominates the market. It is the original rectangular and flat connector that no one could ever figure out how to plug in correctly the first time. These cables always have USB-A on one end with a distinct port type on the other. It can be utilized for data transfer and device charging. Additionally, an increase in the utilization of game consoles, TVs, and media players in daily life is a main element boosting the demand for type A standard USB wall socket products.
Application Insight
The residential segment dominates the market. This is due to the surge in residential utilization of USB wall socket systems owing to the increase in the utilization of smart electric and consumer electronics appliances. Furthermore, an increase in investment in the construction sector in refurbishment and re-establishment of buildings will propel the market. In addition, smart home projects across the world where IoT (Internet of Things) technology is widely utilized and the gradual rise in the demand for portable electronics and electronic equipment in the lifestyle have driven the demand for USB wall socket products.
Prominent Companies
Segmentation Outline
The global USB wall socket market segmentation focuses on Type, USB Standard, Application, and Region.
By Type
By USB Standard
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL USB WALL SOCKET MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: USB WALL SOCKET MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL USB WALL SOCKET MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL USB WALL SOCKET MARKET, BY TYPE
5.1 OVERVIEW
5.2 TWO USB PORTS
5.3 FOUR USB PORTS
5.4 OTHERS
6 GLOBAL USB WALL SOCKET MARKET, BY USB STANDARD
6.1 OVERVIEW
6.2 TYPE-A
6.3 TYPE-A
6.4 TYPE-C
7 GLOBAL USB WALL SOCKET MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 RESIDENTIAL
7.3 COMMERCIAL
7.4 INDUSTRIAL
8 GLOBAL USB WALL SOCKET MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL USB WALL SOCKET MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 HUBBELL INC
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 XTREME CABLES
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 BG ELECTRICAL
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 MOPHIE INC
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 MAXELL HOLDINGS LTD
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 TOP GREENER
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 MAXXIMA
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 ACCEL
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 EATON CORPORATION
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 JASCO PRODUCTS
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 LEVITON
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 LUTRON ELECTRONICS
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 LEGRAND
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 ANKER TECHNOLOGY CO. LIMITED
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 NEWER TECH
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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