Global Battery Charger Market Growing at a CAGR of 6.4% by 2030

The Battery Charger Market is divided into four major sections based on product type, category, application, and region.

Based on the product type, the market is bifurcated into wired and wireless.

• The wired segment contributed the largest revenue in the year 2022, as it offers a reliable and smooth connection to ensure a consistent flow of electricity and efficient and fast charging.
• The wireless segment is expected to register the fastest CAGR growth from 2023 to 2030. As wireless chargers use electromagnetic induction for transforming power, the need for multiple cables is eliminated.

On the basis of category, the Battery Charger Market is bisected into OEM (Original Equipment Manufacturer) and Replacement.

• The OEM segment holds the largest revenue share in 2022, as they provide seamless integration with the device to provide an efficient charging solution.
• The replacement segment will register the fastest CAGR during the forecasted period, as it is cheaper than OEM.

Based on the applications, the market is divided into smartphones, laptops, electric vehicles, tablets, digital cameras, feature phones, and others.

• The smartphone segment holds the largest revenue share of 26.32% in 2022, due to an increase in smartphone usage across the globe.
• Moreover, electric vehicles are anticipated to witness the fastest CAGR from 2023 to 2030.

By region, the market is divided into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

• The North American region holds the largest revenue share in 2022 due to the rising adoption of electric vehicles in this region.
• The Asia-Pacific region accounted for a revenue share of USD 3,725.26 Million in 2022and with an expected CAGR of 6.7% during the forecasted period because of the rise in consumer electronic devices.