Wired Charging Market to Reach $15.9 Bn, Globally, by 2030 at 3.9% CAGR: Allied Market Research
Rise in demand and sustainable development in electronics gadgets, demand for electric cars, and demand for daily use electronic products drive the growth of the global wired charging market.
PORTLAND, Ore., Jan. 27, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Wired Charging Market by Type (Type C, Micro USB, Lightening, Others), Charging Type (Fast and Standard), Application (Personal Care, Consumer Electronics, Automotive, Energy & Power, Healthcare and Others), and Sales Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast 2021–2030." According to the report, the global wired charging industry generated $11.1 billion in 2020, and is expected to reach $15.9 billion by 2030, witnessing a CAGR of 3.9% from 2021 to 2030.
Drivers, Restraints, and Opportunities
Rise in demand and sustainable development in electronics gadgets, demand for electric cars, and demand for daily use electronic products drive the growth of the global wired charging market. However, emergence of wireless charging and low range of electric vehicles hinder the market growth. On the other hand, increase in pollution by crude products, high oil prices, and surge in urbanization and tourism development present new opportunities in the coming years.
Download Sample PDF (340 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/15325
Covid-19 Scenario
- The sale of wired charging devices is hugely dependent on the sale of smartphones, tablets, and other gadgets. Leading companies such as Philips, Sony, Panasonic, Canon, Nikon, Casio, and others needed to close manufacturing operations partially or completely during the lockdown imposed by governments in many countries. Moreover, the demand for the gadgets reduced considerably amid the lockdown restrictions and recorded a huge decline in sale. This led to decline in sale of wired charging.
- Electric cars charging system is one of the major applications for wired charging. Owing to the high cost of electric cars, the sales of electric car took a plunge during the pandemic. This resulted in decline the sales of wired charging.
- However, the adoption of work from home culture and remote working system led to increased demand for laptops and other necessary accessories. This led to increased demand for wired charging.
The type C segment to continue its lead position during the forecast period
Based on type, the type C segment contributed to the highest share in 2020, accounting for around two-fifths of the global wired charging market, and is projected to continue its lead position during the forecast period. This is due to surge in demand for mobile phones, laptops, cameras and other gadgets that need type C cables. However, the lightening segment is estimated to manifest the fastest CAGR of 4.6% from 2021 to 2030, owing to increase in demand for high-quality products such as apple mobiles, laptops, watches, and others that are supported by lightening type of charging.
Get detailed COVID-19 impact analysis on the Wired Charging Market: https://www.alliedmarketresearch.com/request-for-customization/15325?reqfor=covid
The consumer electronics segment to maintain its lead in terms of revenue during the forecast period
Based on application, the consumer electronics segment held the largest share in 2020, accounting for more than one-fourth of the global wired charging market, and is expected to maintain its lead in terms of revenue during the forecast period. This is attributed to increase in demand for smartphones, tablets, laptops, EarPods, smartwatches, cameras, Bluetooth speakers, and others along with rise in industrialization that raised the demand for computers & laptops. However, the healthcare segment is projected to portray the largest CAGR of 4.3% from 2021 to 2030. This is due to rise in demand for medical devices in hospitals and rapid expansion of the medical industry.
Asia-Pacific, followed by North America, to maintain its dominance by 2030
Based on region, Asia-Pacific, followed by North America, accounted for the highest market share in 2020, contributing to more than one-third of the global wired charging market, and is expected to maintain its dominance by 2030. Moreover, this region is estimated to register the fastest CAGR of 4.3% from 2021 to 2030. This is due to presence of key developing nations such as China, India, and Japan with rise in usage of electronic gadgets such as mobiles & laptops, electric vehicles, and charging stations and rapid growth of manufacturing base.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/15325
Leading 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
Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/wired-charging-market/purchase-options
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports We Have:
Japan Wired Charging Market is projected to reach $1.2 billion by 2030, growing at a CAGR of 3.8% from 2020 to 2030.
High Voltage Cables Market is projected to reach $23.4 billion by 2027, registering a CAGR of 6.0% from 2020 to 2027.
Cable Accessories Market is expected to reach $99.3 billion by 2030, registering a CAGR of 7.2% from 2021 to 2030.
Cable Accessories Market is expected to reach $99.3 billion by 2030, registering a CAGR of 7.2% from 2021 to 2030.
Cable Glands Market is projected to reach $2,841.9 million by 2025, growing at a CAGR of 6.1% from 2018 to 2025.
Electric Service Companies (ESCO) Market is projected to reach $49.6 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.
Portable Battery Market is projected to reach $27.5 billion by 2030, registering a CAGR of 10.4% from 2021 to 2030.
Portable Power Station Market is projected to reach $5.8 billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030.
Electrical House Market is projected to reach $2.3 billion by 2030, growing at a CAGR of 6.4% from 2021 to 2030.
Pre-Book Now with 10% Discount:
Portable Charger Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Electric Insulator Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Power Distribution Component Market: Global Opportunity Analysis and Industry Forecast, 2021–2030
Electric Fuse Market: Global Opportunity Analysis and Industry Forecast 2020 – 2027
Low Voltage Cable Market – Global Opportunities and Forecasts, 2021-2028
Electric Utilities Market: Global Opportunity Analysis and Industry Forecast, 2021–2030
Solar Charge Controller Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter
SOURCE Allied Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article