Report Code: A14956 | Pages: 340 | Dec 2021 | 2962 Views | ||
Author(s) : Ujjwal T, Mohd A , Eswara P | Tables: 263 | Charts: 80 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Wired Charging Market
Request Now !The global wired charging market size was valued at $11.1 billion in 2020, and is projected to reach $15.9 billion by 2030, growing at a CAGR of 3.9% from 2020 to 2030. Wired charging is done using a wire and is primarily used in the charging of consumer electronics such as mobile phones, laptops, tablets and other, electric vehicle and many other products used in healthcare, energy & power sectors. Wired charging plays an important role in the daily lives of humans, as everyone is surrounded by chargeable gadgets. Rise in demand for mobile & laptops in this decade led to increase in demand for wired chargers, which acts as the major driving factor for the market. In addition, rise in demand for electric vehicle also boosts the demand for wired charging.
Emergence of COVID-19 has declined growth of the Wired Charging market in 2020, owing to the outbreak that recorded a huge decline in sale of mobiles & tablets in 2020, which also led to decline in sale of wired charging.
Moreover, developed nations such as U.S., China and Japan play a significant role in the wired charging market, as Japan is the world's third largest light-duty plug-in vehicle country market after China and the U.S. Furthermore, the government of every nation wants new cars to be electrified to become carbon neutral by 2050, electric vehicles have become more of a necessity for the country to meet these targets. At present, there are around 300 EV charging companies globally, including nearly 100 in North America. In addition, there more than 40,000 charging station across the globe.
In addition, the lack of sufficient coordination among existing charging providers can be improved to offer better charging service to customers. The government announced subsidies for installation of charging facilities totaling $0.89 billion as part of its economic policy for fiscal year 2013 to quickly develop the charging infrastructure and expand the use of electric-powered vehicles using alternative energy sources. With this strong support, automakers such as the joint venture of four automakers (Toyota, Nissan, Honda and Mitsubishi) are anticipated to work together to install the chargers in Japan. Previously, each automaker assessed possible locations for charging facilities on their own. Now, they have agreed to work jointly under the common understanding that the charging infrastructure has public value and that enhancing it should be done quickly during the limited period that the subsidies are available
The wired charging market is segmented on the basis of type, charging type, application, sales channel and region. Depending on type, the market is categorized into Type C, Micro USB, lightning and others. On the basis of charging type, it is divided into standard and fast charging. On the basis of application, it is classified into personal care, consumer electronics, automotive, energy & power, healthcare and others. Sales channel-wise, it is categorized into online and offline. Region wise it categorized into North America, Europe, Asia-Pacific and LAMEA.
The global wired charging industry analysis covers in-depth information about the major industry participants.
By Type, the type C segment dominated the global wired charging market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to its compatible nature and easy availability. In addition, Type C is more portable than other wired cable, since it is easier to fit and has long life than other cables which also act as the major driving factor for the market
By charging type, the standard segment dominated the global wired charging market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to effective price across the globe. In addition, standard charging provides better input to gadget which provide extra safety to battery free from ran out.
By application, the consumer electronics segment dominated the global market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed due to increase in demand mobile, laptops and other electronic gadgets across the globe. In addition, rise in laptop demand due to work from culture led to increase the demand of consumer electronics
By sales channel, the offline segment dominated the global wired charging market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to easy availability and quick service. In addition, electric charger requires installation by company operating team which is also the main growing factor of offline sales channel.
By region, the Asia Pacific is dominated the global wired charging market in 2020, and is projected to remain the fastest-growing segment during the forecast period. This is attributed to easy availability and quick service. In addition, electric charger requires installation by company operating team which is also the main growing factor of offline sales channel.
Key Benefits For Stakeholders
Impact Of Covid-19 On The Global Wired Charging Market
Wired Charging Market Report Highlights
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By Charging Type |
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By Application |
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By Sales Channel |
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By Region |
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Key Market Players | ABB, AOYAMA ELEVATOR CO., LTD, APPLE INC., DELL TECHNOLOGIES INC., DELTA ELECTRONICS, INC., HUAWEI TECHNOLOGY CO., LTD., SAMSUNG ELECTRONICS CO., LTD., SUNVALLEY GROUP, TESLA, WEBASTO GROUP |
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The global wired charging market has registered a dynamic growth over the past few years, owing to drastic growth in EV market. In addition, huge investment plans of government of every nation with respect to electric vehicle charging system led to boost the wired charging market across the globe. Currently, there are three charging methods for electric-powered vehicles: basic charging, where a car is charged at private homes or condominiums; destination charging, where a car is charged at locations such as shopping malls, do-it-yourself (DIY) stores and family restaurants for the return trip home; and en-route charging at locations including expressway roadside service areas, roadside stations (michi no eki), gas stations, and convenience stores. In both destination and en-route charging, normal charging is suitable for longer-duration stops, while quick charging is appropriate for shorter stops. However, rising infrastructure development also led to boost the demand for wired charging system. In addition, developing nations such as India, China & Japan plans to increase the number of normal & fast chargers in the cities. Normal chargers can be installed in commercial facilities (e.g. large shopping malls, DIY stores and family restaurants), which are destination charging spots or en-route charging spots with longer duration stops (e.g. highway service areas and roadside stations) when a vehicle can be charged. Quick chargers are to be installed at en-route charging spots for shorter-durations stops (e.g. highway parking areas, convenience stores and gas stations).
A. Electric vehicle manufacturers, mobile & laptops manufacturers, charging station companies and end-users using such products are the potential customers of Wired Charging industry
A. Consumer Electronics segment holds the maximum share of the Wired Charging Market
A. To get latest version of wired charging market report can be obtained on demand from the website.
A. ABB, AOYAMA Elevator Co., Ltd, Apple Inc., Dell Technologies Inc., Delta Electronics, Inc., Huawei Technology Co., Ltd., Samsung Electronics Co., Ltd., Sunvalley Group, Tesla and Webasto Group
A. The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the wired charging market from 2020 to 2030 to determine the prevailing opportunities.
A. The top ten market players are selected based on two key attributes - competitive strength and market positioning
A. wired charging market is expected to reach $15.9 billion by 2030 at a CAGR of 3.8%.
A. Increase in demand for electric vehicle and other consumer electronic gadgets is the current trend expected to influence the Wired Charging Market in the next few years
A. Product launch and business expansion are the key growth strategies for Wired Charging Market player.
A. Rise in demand for daily use electronic products and electric vehicles led to increase in demand for wired charging and may act as the major driving factor for the market. In addition, rise in pollution by crude products and high oil prices led to increase in demand of electric vehicle which in turn to increase the wide opportunities for the wired charging across the market.
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