Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global USB
Wall Socket Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international USB Wall Socket Market. The
research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global USB Wall Socket Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global USB Wall Socket Market is offered. In accordance with the
report, the global USB Wall Socket Market is projected to expand at a CAGR of 5.10%
over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
The demand for USB Wall Socket market has been on a
considerable rise in the past few years. USB Wall Socket is a universal adapter
that enables consumers to charge electrical devices through a current that
passes through the wiring system. USB Wall Sockets are very convenient to use
and also is an innovative way to charge devices.
Use of electronic devices has been increasing and is
further expected to increase in the future years. Demand for USB wall socket is
rising due to its fast paced charging, taking into consideration the excessive
use of devices and short battery life. Compatibility to almost all electronic
devices like Apple products, Android phones and laptops is the major driver
that foster the growth of USB Wall Socket market. End-Users prefer certified
USB chargers, and hence the preference of consumers towards quality than
quantity is further going to favors the growth of the global USB Wall Socket
market.
However, the major threat that is faced by this market is
the introduction of smaller and thinner versions of USB devices, due to which
the conventional USB ports have been a misfit. Even though, a few manufacturers
are focusing on quality products, few unorganized manufacturers are still
producing low quality products due to which there might be a decline in the
demand for the product.
Asia Pacific Region dominates the Global USB Wall Socket
Market, with developing countries like China, India, South Korea & Japan being
the key producers of this product. Also, USA and Canada is also expected to
experience a gradual rise in manufacturing of USB Wall Socket in the forecast
period.
Manufactures are investing a huge amount towards R&D
& Product Development for the product. Leviton, a key player in
manufacturing USB Wall Sockets recently launched a USB Type C with Power
Delivery. This USB socket provides more power to charge larger devices like
tablets & laptops. Also, it provides the right amount of power to charge
devices faster. Thus this market is gradually experiencing a lot of innovation
& creativity from manufacturers, thus boosting the demand of Global USB
Wall Socket market further.
Segment Covered:
This market
intelligence report on the global USB Wall Socket Market encompasses market
segments based on product type, application and country/regions.
In terms of type, the global USB Wall Socket Market is segregated into
§ Two USB Ports
§ Four USB Ports
§ Others
By application, the global USB Wall Socket Market is also classified into,
§ Residential Application
§ Industrial Application
§ Commercial Application
By country/region, the global USB Wall Socket Market has been divided into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New Zealand
and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Leviton
§ Legrand
§ Eaton
§ Hubbell
§ Jasco Products
§ Lutron Electronics
§ TopGreener
§ NewerTech
§ Maxxima
§ Xtreme Cables
§ Accell
§ Poweradd
§ Intex Technologies
§ iClever
§ Philips
§ Aukey
§ 360 Electrical and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as USB Wall Socket related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the USB Wall Socket Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world USB Wall Socket Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial performance,
key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Leviton, LeGrand,
Eaton, Hubbell, Jasco Products, Lutron Electronics, TopGreener, NewerTech,
Maxxima, Xtreme Cables, Accell, Poweradd, Intex Technologies, iClever, Philips,
Aukey & 360 Electrical and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for USB Wall Socket Market caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for USB Wall Socket Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the USB Wall Socket Market
v
Identification
of key factors driving investment opportunities in the USB Wall Socket Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants