USB Wall Socket Market

USB Wall Socket Market Research, 2031

The global USB wall socket market size was valued at $1.0 billion in 2021, and USB wall socket industry is projected to reach $1.6 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.

Post pandemic outbreak, the gradual surge in the construction sector and tourism industry has led to increase in the demand for USB wall socket systems. The government of various developing and developed countries has invested in the construction of smart infrastructure and transportation services which will drive the demand for USB wall socket systems. The trend is expected to continue during the forecast period.

USB wall socket is a wall socket that has USB port in it. It converts AC supply of the outlet into DC and then provides the specific voltage to the device. It allows the user to charge electronic devices such as smartphones, tablet, laptop, and others. It is a mounted plug socket with built-in USB ports. It provides a place in a wiring system where current can be obtained to run electrical devices.

The growing demand for USB wall socket is primarily due to rapid urbanization. Increasing digitalization is expected to create a demand for such semiconductor and electronic appliances. Advancements in technology have led to innovation and upgradation of various electronic equipment toward smart electronic devices which are connected to internet has created the demand for wide range of wall USB socket devices. The presence of rapid growth in the consumer electronics and sales through online e-commerce will provide ample opportunities for the development of the market.  The presence of problems such as stealing of data through USB wall socket by hacker and the presence of cheap and below standard products in the market will hamper the development of the market.

Two USB ports are a wall charger with two separate ports which is designed to charge up to two items simultaneously. Four USB port is typically the most powerful outlet model present now, as it provides more than enough wattage for each device to charge quickly and efficiently, while making sure that it doesn’t heat or become damaged in anyway. Most of these outlets come with built in safety features designed to protect both people and their devices from potential electrical hazards such as surges, overheating during charging .

Increase in utilization of electronic gadgets in augmentation with technology such as Internet of Things will drive the demand for two and four USB ports products. The increase in utilization of smart gadgets in the smart homes and smart buildings has driven the demand for the market growth. USB Type A, is the original flat and rectangular connector which can be used for device charging and data transfer. USB Type-B receptacles are often on larger computer devices like printers and scanners. Type-B ports on external storage devices like optical drives, floppy drives, and hard drive enclosures. USB-C cables are also used to transfer power; they're commonly used to charge portable devices, smartphones, laptops, and even security cameras. The surge in the utilization of TVs, game consoles and media players in the daily life is a major factor driving the demand for above mentioned various standard USB wall socket product. The above mentioned factors will provide ample opportunities for the development of the USB wall socket market growth during the forecast period.    

The global USB wall socket market forecast is segmented on the basis of by type, USB standard, application and region.

On the basis of type, it is segmented into two USB ports, Four USB ports, and others. On the basis of USB standards, the market is segmented into Type-A, Type-B, and Type-C. On the basis of application, the market is segmented into residential, commercial and industrial.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest USB wall socket market share, followed by Europe and Asia-Pacific.

The major companies profiled in this report include Leviton, Legrand, Eaton, Hubbell, Jasco Products, Lutron Electronics, TopGreener, Newer Tech, Maxxima, Maxell Holdings Ltd., Mophie Inc., XXtreme Cables, BG Electrical, Accel, and Anker Technology Co. Limited. Due to rapid industrialization, urbanization and gradual increase in utilization of electronic gadgets in the daily life has led to increase in the demand for USB charger products. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in new technologies related to USB wall socket have led to attain key developments in the global USB wall socket market trends.

The two USB ports segment dominates the global USB wall socket market. Two USB ports are a wall charger with two separate ports, which is designed to charge up to two items simultaneously. This type of USB wall socket allows people to charge their phone’s while travelling or at home without having to share one regular outlet between both of them. It is equipped with enough wattage in order for each phone’s battery to charge effectively without overheating or damaging the electronic device’s battery life. The rapid surge in tourism across the globe and increase in utilization of smartphone in daily lifestyle have led to the demand for charging points due to the in sufficiency of the charge in battery. Furthermore, the investment of the government in the transportation facilities will drive the market growth. The presence of above mentioned factors will provide ample opportunities for the development of the market.

The type-A segment dominates the global USB wall socket market. Type A, is the original flat and rectangular 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 different port type on the other, and can be used for device charging and data transfer. Surge in the utilization of TVs, game consoles and media players in the daily life is a major factor driving the demand for type A standard USB wall socket product. It is used as charging and data transfer device; furthermore, it is widely used in various electrical products such as modern computers, laptops, smart TVs and other devices. The presence of utilization of the above mentioned devices in the residential and commercial application will drive the demand for the USB type A device. The above mentioned factors will provide ample USB wall socket market opportunities for the development of the market.

The residential segment dominates the global USB wall socket market. Residential utilization of USB wall socket system is mostly due to the surge in the utilization of consumer electronics and smart electric appliances. Rise in investment in the construction sector in re-establishment and refurbishment of buildings will drive the market growth. The most highlighted driver of the residential USB wall socket market is the growth in smart home projects across the globe where IoT technology is widely utilized. The gradual surge in the demand for electronic equipment and portable electronics in the life style have driven the demand for USB wall socket products. The above mentioned factors will provide ample opportunities for the development of the market during the forecast period.

North America region dominates the global USB wall socket market. North America consumer electronics market is growing at a rate of 10% by 2070. The presence of top manufacturing companies such as Sony Corporation, Sennheiser Electronics GmbH, and Apple Inc. are driving the demand for the USB wall socket. The presence of product launch of various electronics from above mentioned companies will increase the demand for the market growth. During pandemic, government of the U.S. and Canada enforced stringent lockdown measures to curb virus transmission. Social distancing norms and the closure of consumer electronics stores impacted various consumer electronics product sales. The initiatives of social distancing has led to the increase in contactless deliveries and easy EMI options in e-commerce websites which led to increase in the sales of consumer electronics through the online distribution channel in 2020. The demand for consumer electronics is projected to increase the requirement of USB wall socket products. The above mentioned factor will drive the demand for the USB wall socket market.

Impact of Covid-19 of Global USB Wall Socket Market

The global COVID-19 pandemic has negative impact on the USB wall socket market. Owing to the outbreak of the COVID-19 pandemic, governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output from residential to industrial sectors. Moreover, companies are dealing with missing sales and fractured supply chains as production activities shutdowns. During the pandemic outbreak there is a surge in the demand for USB chargers due to increase in the utilization of electronic gadgets from home for work and most of the education institutions across the globe have taken classes from online which led to surge in the demand for smartphones and laptops.

Post pandemic outbreak, the gradual surge in the construction sector and tourism industry has led to increase in the demand for USB wall socket systems. The government of various developing and developed countries has invested in the construction of smart infrastructure and transportation services which will drive the demand for USB wall socket systems. The trend is expected to continue during the forecast period.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the USB wall socket market analysis from 2021 to 2031 to identify the prevailing USB wall socket market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the USB wall socket market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global USB wall socket market trends, key players, market segments, application areas, and market growth strategies.

 USB Wall Socket Market Report Highlights