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Stakeholders Seek Help from IFC to Revive Economic Activity during COVID-19 Outbreak

Over the past few months, coronavirus lockdown measures have significantly reduced electricity demand in the commercial and industrial sectors. Such trends are affecting the growth of the power supply and charger market. The International Energy Agency (IEA) estimates that global electricity demand has significantly decreased due to the sluggish growth in business activities and poor demand sentiments in non-commercial sectors. Hence, market stakeholders are taking advantage of government grants to strategically-allocate their working capital.

Mass inoculation measures are anticipated to ease mobility and revive economic activity. Such developments are increasing revenue flow in the global power supply and charger market. Stakeholders are seeking help from the International Finance Corporation (IFC) and international partners to safely pass through the COVID-19 period.

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Can Growing Incidence of Battery Damage Affect Sales of Fast Chargers?

There is a growing demand for fast charging on Android devices. However, disadvantages of fast charging involve abusive use of chargers, which can cause terminal components to overheat. The growing incidence of damage and wear & tear of batteries in smartphones is affecting sales of fast mobile chargers. As such, the rising awareness about occasional use of fast chargers only when necessary is anticipated to boost sales of fast mobile chargers. Manufacturers are increasing the availability of mobile chargers with low voltage to alleviate possible damage to smartphone batteries.

Advantages of fast mobile chargers are louder than its disadvantages. Manufacturers are increasing production capacities in fast mobile chargers, due to benefits such as less dependence on cables and sockets. These chargers help to dynamically regulate the power and intensity that a charger must supply to the phone.

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Smart Desktop Chargers Storming Power Supply and Charger Market

The power supply and charger market is projected to reach US$ 79.21 Bn by 2031. Innovations in desktop chargers are generating incremental opportunities for companies in the market. The MIVI Qualcomm Quick Charge 3.0 Certified desktop charger is gaining popularity for charging up to five devices and delivering universal compatibility.

In order to gain a competitive edge in the power supply and charger market, manufacturers are striving to acquire official certification of Qualcomm - an American multinational corporation headquartered in San Diego, California, to boost sales of desktop chargers. Manufacturers are increasing the availability of smart desktop chargers that help to charge the tablet and phone simultaneously, without having to worry about which port to plug the device into.

Policy Support, FDI Inflow Bolsters Growth of India Power Sector

The growing population, along with the increasing electrification and per capita usage are acting as drivers of the India power supply and charger market. According to the India Brand Equity Foundation (IBEF), in the Union Budget 2021-2022, the government has allocated INR 305,984 Cr. for a revamped, reforms-based and result-linked power distribution sector in India.

Policy support is another important driver, which is boosting the expansion of the power supply and charger market. Schemes sucha as Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) and Integrated Power Development Scheme (IPDS) are expected to augment electrification across cities and towns in India. The rapid growth of India’s energy sector is contributing to market expansion. The high FDI (Foreign Direct Investment) inflow in India’s power sector, from April 2000 to December 2020, is anticipated to create value-grab opportunities for market stakeholders.

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Analysts’ Viewpoint

Private sector holds promising potentials in delivering large investments and expertise required for the power sector in developing countries during the ongoing coronavirus crisis. The power supply and charger market is expected to register a favorable CAGR of 4.19% during the forecast period. Though fast chargers are helping travelers to dynamically charge their phones, disadvantages such as frequent use of fast mobile chargers can result in damage and drain of the phone battery. Hence, manufacturers should increase the availability of mobile chargers with low voltage but also diversify their production in fast mobile chargers, since advantages including regulated current in chargers are alleviating possible incidence of overcharging in smartphone batteries.

Power Supply and Charger Market: Overview

  • According to Transparency Market Research’s latest research report on the global power supply and charger market for the historical period of 2017–2019 and the forecast period of 2021–2031, increase in population, rise in disposable income, and surge in demand for clean energy are major factors that are expected to boost the global power supply and charger market during the forecast period
  • In terms of revenue, the global power supply and charger market is projected to reach the value of US$ 79.21 Bn by 2031, expanding at a CAGR of 4.19% during the forecast period
  • The power supply and charger market has been classified based on type, output power/ voltage, product, and end-use industry. Based on product, the charger segment is projected to expand at a CAGR of 4.7% during the period from 2021 to 2031. This can be attributed to its emerging application in diverse industries and growing investments in smart city initiatives.
  • Based on end-use industry, the e-mobility segment of the power supply and charger market is estimated to expand at a CAGR of 4.7% from 2021 to 2031, due to increase in investments in EV charging infrastructure and rise in the rate of adoption of electric vehicles. Furthermore, the tools & garden devices segment is projected to expand at CAGR of 4.6% from 2021 to 2031.

Development of Advanced Features, Wide Range of Applications: Key Driver

  • Manufacturers have been focusing on the development of smartphones with features such as camera efficiency, Internet-based applications, and social networking, which require continuous Internet access from 4G, LTE, and Wi-Fi. These technologies consume more battery, which results in insufficient storage capacity.
  • Smooth processing and sensors are affected with the capacity of battery. Thus, an increase in need for uninterrupted power supply is boosting the demand for power supply devices, which, in turn, is fueling the power supply and charger market.

Rise in Disposable Income, Increasing Population

  • Disposable incomes and consumption of electronics devices have been increasing since the past few decades. Increase in developments in Internet of Things and smartphones is fueling the demand for smart home to services that can be controlled remotely anytime. Consequently, the demand for power supply and chargers is increasing.
  • Energy utilization is increasing consistently due to increase in world population. The demand is mostly originating from Asia Pacific, Middle East & Africa, and Europe. This factor is also fueling the power supply and charger market.

Power Supply and Charger Market: Competition Landscape

  • Detailed profiles of providers of power supply and charger have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global power supply and charger market are
    • Delta Electronics Inc.
    • Accutronics Ltd.
    • COSEL ASIA LTD
    • FRIWO Gerätebau GmbH
    • General Electric
    • Infineon Technologies AG
    • Lzen Electronics
    • MEAN Well enterprises Co. Ltd.
    • Murata Power Solutions
    • Omnicharge Inc.
    • Phoenix Contact
    • Power Innovation
    • Power System & Controls Inc.
    • TDK-Lambda Corporation

Power Supply and Charger Market: Key Developments

  • Key providers of power supply and charger, such as Delta Electronics Inc, Accutronics Ltd., Infineon Technologies AG, MEAN WELL Enterprises Co. Ltd and General Electric, are focusing on technological developments. Some other key developments in the global power supply and charger market are highlighted below:
    • In March 2020, Delta Electronics Inc. announced the launch of its brand-new 100kW DC City EV Charger, a solution featuring leading 94% efficiency and a high availability modular design that offers EV drivers a 100km driving range with roughly 15 minutes of charging
    • In October 2020, Accutronics Ltd. Introduced Generation X, non-rechargeable Lithium Thionyl Chloride cells, which boast of long life, stable performance, and high energy density in a wide range of sizes. ‘Generation X’ products have been designed specifically for some of the most demanding applications, often installed in harsh environments that require stable, reliable, and consistent long-term energy supply.
    • In August 2020, General Electric signed agreements, valued at over US$ 1.2 Bn, with the Iraqi Ministry of Electricity to execute power sector projects that would secure reliable power supply across the country
  • In the global power supply and charger market report, we have discussed individual strategies, followed by company profiles of providers of power supply and charger. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global power supply and charger market.

Power Supply and Charger Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 51.59 Bn

Market Forecast Value in 2031

US$ 79.21 Bn

Growth Rate (CAGR)

4.19%

Forecast Period

2021-2031

Quantitative Units

US$ Mn for Value & Million Units for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Further, qualitative analysis includes drivers, restraints, opportunities, key trends, porters five forces analysis, supply chain analysis, parent industry overview, etc.

Competition Landscape

  • Market Share Analysis by Company (2020)
  • Company Profiles includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, key financials, etc.

Format

Electronic (PDF) + Excel

Market Segmentation

  • Product
    • Power Supply
      • Plug-In Power Supply
      • Desktop Power Supply
      • Open Frame Power Supply
      • Flush Mounted Power Supply
      • USB Power Supply
      • Others(Customized Power Supply)
    • Chargers
      • Interchangeable Plug
      • Desktop Charger
      • Inductive Charging
      • Battery Mobile Charger
      • Lithium Ion Battery
      • Nickel-Cadmium Battery
      • Lead-Acid Battery
      • Nickel-Metal Hybrid Battery
    • Others (Solar Charger, Customized Charger)
  • Output Power/Voltage
    • Power Supply
      • Low Output (500 W and Below)
      • Medium Output (500 W to 1500 W)
      • High Output (More than 500 W)
    • Chargers
      • Below 6V
      • 6-12V
      • 12-24V
      • 24-60V
      • Above 60V
  • Type
    • AC-DC Power Supplies
    • DC-DC Converters
  • End-use Industry
    • Industrial
    • E-Mobility
    • Medical
    • Tools & Garden Devices
    • Consumer Electronics
    • Aerospace & Defense
    • Telecommunication
    • Others (Power & Energy)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Russia
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • ASEAN
  • Brazil
  • Argentina
  • GCC Countries
  • South Africa
  • North Africa

Companies Profiled

  • Delta Electronics Inc.
  • Accutronics Ltd.
  • COSEL ASIA LTD
  • FRIWO Gerätebau GmbH
  • General Electric
  • Infineon Technologies AG
  • Lzen Electronics
  • MEAN Well enterprises Co. Ltd
  • Murata Power Solutions
  • Omnicharge Inc.
  • Phoenix Contact
  • Power Innovation
  • Power System & Controls Inc.
  • TDK-Lambda Corporation

Customization Scope

Available upon Request

Pricing

Available upon Request

Power Supply and Charger Market – Scope of Report

A new study on the global power supply and charger market is published by Transparency Market Research (TMR). It presents detailed information on key market dynamics, including drivers, trends, and challenges for the global power supply and charger market as well as its structure. TMR’s study offers valuable information on the global power supply and charger market in order to illustrate how the market is expected to expand during the forecast period, i.e. 2021–2031.

Key indicators of market growth, which include value chain analysis and compound annual growth rate (CAGR), are elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret the quantitative growth aspects of the global power supply and charger market.

An extensive analysis of business strategies adopted by leading market players is also featured in TMR’s study on the global power supply and charger market. This can help readers understand key factors responsible for growth of the global power supply and charger market. In this study, readers can also find specific data on avenues for qualitative and quantitative growth of the global power supply and charger market. This data would guide market players in making apt decisions in the near future.

Key Questions Answered in TMR’s Study of Power Supply and Charger Market

  • What would be the Y-o-Y growth trend of the global power supply and charger market between 2021 and 2031?
  • What is the influence of changing trends in the camera orientation segment on the global power supply and charger market?
  • Would Asia Pacific continue to be the most dominant regional market for providers of power supply and charger over the next few years?
  • Which factors would hinder the global power supply and charger market during the forecast period?
  • Which are the leading companies operating in the global power supply and charger market?

Research Methodology

A unique research methodology is utilized by TMR to conduct comprehensive research on the global power supply and charger market and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.

Secondary research sources referred to by analysts during production of the report on the global power supply and charger market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to production of TMR’s study on the global power supply and charger market as a primary research source.

These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global power supply and charger market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global power supply and charger market with accuracy. The study also uses a top-down approach to assess the numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on future prospects for the global power supply and charger market more reliable and accurate.

Power Supply and Charger Market – Segmentation

TMR’s study of the global power supply and charger market segments the market based on product, output poer/voltage, type, end-use industry, and region. Changing market trends and other crucial market dynamics associated with segments of the global power supply and charger market have been discussed in detail in TMR’s study.

Product
  • Power Supply
    • Plug-in Power Supply
    • Desktop Power Supply
    • Open Frame Power Supply
    • Flush Mounted Power Supply
    • USB Power Supply
    • Others(Customized Power Supply)
  • Chargers
    • Interchangeable Plug
    • Desktop Charger
    • Inductive Charging
    • Battery Mobile Charger
    • Lithium Ion Battery
    • Nickel-Cadmium Battery
    • Lead-Acid Battery
    • Nickel-Metal Hybrid Battery
  • Others (Solar Charger, Customized Charger)
Output Power/ Voltage
  • Power Supply
    • Low Output (500 W and Below)
    • Medium Output (500 W to 1500 W)
    • High Output (More than 500 W)
  • Chargers
    • Below 6V
    • 6-12V
    • 12-24V
    • 24-60V
    • Above 60V
Type
  • AC-DC Power Supplies
  • DC-DC Converters
End-use Industry
  • Industrial
  • E-mobility
  • Medical
  • Tools & Garden Devices
  • Consumer Electronics
  • Aerospace & Defense
  • Telecommunication
  • Others (Power & Energy)
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

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Power Supply And Charger Market

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