Single Port GaN Charger Market by Power Output (Upto 30W, 31W to 65W, 66W to 100W, and Above 100W), and by Sales Channel (Online and Offline) – Global Opportunity Analysis and Industry Forecast 2024–2030

Market Overview

The Single Port GaN Charger Market size was valued at USD 409.9 million with 8815 thousand units in 2023, and is predicted to reach USD 1796.0 million with 47771 thousand units by 2030, with a CAGR of 23.5% from 2024 to 2030. A single port GaN charger is a power adapter that integrates Gallium Nitride (GaN) as its semiconductor material. Typically equipped with one USB port, it facilitates the charging of various devices such as smartphones, tablets, laptops, and other compatible electronics. These chargers offer several advantages over traditional silicon-based models, including higher efficiency, compact dimensions, and reduced weight. It can deliver faster charging speeds due to their ability to handle higher power levels. Moreover, GaN chargers produce less heat while in operation, thereby enhancing thermal management. The incorporation of GaN technology enables charger designs that are more adaptable and innovative, leading to their growing popularity in the electronics market due to their superior performance and design flexibility.

Market Dynamics and Trends

The growing adoption of smart phones across the world is significantly driving the single port GaN charger market. According to GMSA report of October 2023, globally, nearly 4 billion people own a smartphone, accounting for almost half of the global population. As smartphones transform into versatile hubs for communication and productivity, the requirement for rapid and effective charging becomes essential, driving the growth of single port GaN market.

Moreover, the global increase in disposable income is driving a significant rise in consumer spending on essential electronic devices such as smartphones, tablets, and laptops. This financial capacity improvement is fuelling the growing preference for high-end gadgets that enhance productivity and connectivity, thereby stimulating the demand for single port GaN charger. According to latest report published by World Population Review, the U.S. leads the global economy with a net disposable income of USD 51,147, followed by Luxembourg with USD 47,433 and Switzerland with USD 39,697. Such rise in substantial financial capacity is driving the demand for advanced electronic accessories including the single port GaN chargers.

However, the higher manufacturing cost of GaN-based semiconductors compared to traditional silicon-based alternatives is a significant restraint in the single port GaN charger market. On the contrary, the integration of single-port GaN chargers with wireless charging technology is anticipated to create significant future opportunities for the single-port GaN charger market. This technology offers efficiency and a compact design while providing a cable-free experience through wireless charging, thereby meeting the demand for fast and clutter-free charging solutions. 

Market Segmentations and Scope of the Study

The Single Port GaN Charger market is segmented on the basis of number of power output, sales channel and region. Based on power output, the market is categorised into upto 30w, 31w to 65w, 66w to 100w, and above 100w. Based on sales channel, the market is segmented into online and offline. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and Rest of The World (Row).

Geographical Analysis

Asia Pacific region holds the dominating share in the single port GaN market during the forecast period, due to increasing utilization of smartphones, tablets, and laptops in regions such as India, China, and Thailand. According to the latest report published by Global System for Mobile Communications Association (GSMA), smartphone adoption in the Asia-Pacific region is projected to increase from 76% in 2022 to 94% in 2030, indicating a robust growth rate of 24% over the period. With the integration of smartphones and laptops becoming more important in daily life across this region, the demand for fast and dependable charging solutions is expected to increase, consequently fueling the market growth of GaN chargers.

Moreover, the presence of key market players in this region such as Ugreen Group Ltd., Anker Innovations, and Samsung Electronics among others and their product launch strategies plays a major role in the growth of the market in this region. For instance, in December 2023, Ugreen Group Ltd. launched the Gan-powered Nexode Pro Series, comprising four innovative chargers. These chargers integrate GaNInfinity technology, aimed at minimizing CO2 emissions and fostering environmental sustainability and delivers swift charging performance.

On the other hand, North America is expected to show a steady rise in the market of single port GaN market, due to the surge in disposable income in this region. According to the latest report published by U.S. Bureau of Labor Statistics (BLS), there was a notable increase in disposable income alongwith heightened spending among American households in 2022. With average annual expenditures rising significantly by 9.0% compared to 2021 and reaching USD 72,967 in 2022. Consumers enhanced purchasing power is driving the demand for advanced and efficient charging solutions, thereby propelling the growth of the single port GaN charger market in North America.

Moreover, the rising demand of single port GaN chargers in this region is largely influenced by the presence of prominent consumer electronics manufacturers, including industry giants such as Apple Inc, Zagg Inc, and Belkin International, Inc. The incorporation of GaN chargers into the product portfolios of these manufacturers plays a crucial role in driving the growing demand for GaN chargers in the region. For instance, in August 2022, Belkin launched BOOSTCHARGE PRO Dual USB-C GaN Wall Charger offering versions in 65W and 45W capacities. This wall charger utilizes GaN technology alongside USB-C PD 3.0 and PPS charging technologies, ensuring efficient and secure charging without the risk of overheating or overcharging devices.

Competitive Landscape

Various market players operating in the single port GaN market include Anker Innovations, Apple Inc, Samsung Electronics, Belkin International, Inc, Xiaomi Corporation, Zagg Inc, Energizer Holding Inc, Redmagic, Eaton, and Ugreen Group Limited among others. These market players are adopting various strategies such as partnership and product launches to remain dominant in the single port GaN charger market.

For instance, in September 2023, Xiaomi launched 67W GaN charger set, catering to diverse charging needs. The product supports the UFCS 1.0 fusion fast charging protocol, which can provide fast charging for other non-Xiaomi phones. Moreover, in May 2022, Mophie, a subsidiary of Zagg Inc, launched a new line of USB-C GaN adapters. The product enhances charging for Apple devices with Gallium Nitride (GaN) technology, offering faster and more efficient charging for iPhones, iPads, and other compatible devices. Furthermore, in October 2023, Samsung Electronics launched 25W Super-Fast Charger. This charger is equipped with PPS (Programmable Power Supply) and GaN (Gallium Nitride) technology, promising users faster charging speeds and improved efficiency.

KEY BENEFITS

• The report provides quantitative analysis and estimations of the single port GaN charger market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the single port GaN charger market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the single port GaN charger market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

KEY MARKET SEGMENTS

By Power Output

• Upto 30W

• 31W to 65W

• 66W to 100W

• Above 100W

By Sales Channel

• Online

• Offline

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The U.K.

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific 

• Rest of the World (RoW)

  • Latin America

  • Middle East 

  • Africa

REPORT SCOPE AND SEGMENTATION:

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