Japan Wired Charging Market to grow at a CAGR of 3.8% from 2021-2030 | Valuates Reports

The Japan wired charging market size was valued at $0.8 billion in 2020, and is projected to reach $1.2 billion by 2030, growing at a CAGR of 3.8% 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 human beings, 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, rising demand for electric vehicle also boosts the demand for wired charging. Moreover, the Japan market plays a significant role in the wired charging, 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 Japan 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. Japan is a leading emitter of greenhouse gas emissions and automobiles account for a significant share in them.

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In addition, huge investment plans of Japanese government with respect to electric vehicle charging system led to boost the wired charging market in Japan. Currently, there are three charging methods in Japan 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.

Moreover, Japan is one of the countries that was early to the EV game, with the launch of Mitsubishi i-MIEV and Nissan LEAF more than a decade ago. The cars were supported by incentives, and the rollout of AC charging points and DC fast chargers that utilize the Japanese CHAdeMO standard (for several years the standard was spreading globally, including in Europe and North America).

The Japan wired charging market is segmented on the basis of type, charging type, application and sales channel.

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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.

The Japan wired charging market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the Japan wired charging industry report include 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.

Japan Wired Charging Market, By Type
By Type, the type C segment dominated the Japan 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

Japan Wired Charging Market, By Charging Type
By charging type, the standard segment dominated the Japan 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.

Japan Wired Charging Market, By Application
By application, the consumer electronics segment dominated Japan's wired charging market in 2020 and is projected to remain the fastest-growing segment during the forecast period. This is attributed due to the increase in demand for mobile, laptops and other electronic gadgets across the globe. In addition, rising laptop demand due to work from culture also led to increasing the demand of consumer electronics

Japan Wired Charging Market, By Sales Channel
By sales channel, the offline segment dominated Japan 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 growth factor of offline sales channel.

Similar Reports:

Wireless Charging Market: https://reports.valuates.com/market-reports/ALLI-Auto-1E103/wireless-charging

Wireless EV Charging Market: https://reports.valuates.com/market-reports/ALLI-Auto-1I348/wireless-electric-vehicle-charging

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