PD power chargers have gained widespread popularity recently due to their compatibility with various devices and fast charging speeds. In this market analysis, we will dive into the key factors driving the growth of the PD power charger market, key players, and trends to watch out for.
The PD power charger market has maintained steady growth over the years. According to a report by Grand View Research, its market size is expected to reach USD 2.6 billion by 2025, growing at a CAGR of 28.9% from 2020 to 2025. Growing demand for fast charging solutions coupled with increasing adoption of electronic devices is driving the growth of the market.
Some of the key players in the PD power charger market include Anker, Aukey, Belkin, RavPower, and ZMI. These players have been focusing on product innovations, partnerships, and mergers to expand their market share. For example, Belkin launched its new storage solution, the Thunderbolt 3.0 Express Dock HD, in 2020, which includes a built-in PD power charger.
One of the latest trends in the PD power charger market is the adoption of GaN (Gallium Nitride) technology. The technology offers higher efficiency and a more compact design, making these chargers smaller and more portable. Another trend emerging in the market is the increasing use of wireless PD power chargers, which eliminate the need for cables but still provide fast charging capabilities.
In summary, the PD power charger market is experiencing significant growth owing to its compatibility, fast charging capability, and growing popularity of electronic devices. Industry players are utilizing innovative technologies and collaborations to expand their market share. Future trends such as incorporation of GaN and usage of wireless PD power chargers are expected to continue to drive market growth. It’s the significant time for brands choose a good manufacture to cooperate and creat a great charger brand in the market.