Press release
Wired Charging Market: Steady Growth, Key Drivers and Future Trends Forecasts
Wired Charging Market
What Is The Projected Market Size Of The Global Wired Charging Market And Its Growth Rate?
• The wired charging market size is anticipated to grow from $14.38 billion in 2024 to $14.99 billion in 2025, at a compound annual growth rate (CAGR) of 4.2%.
• This growth can be attributed to proliferation of smartphones, consumer electronics adoption, electric vehicle charging and mobility, urbanization, and integration of wireless charging.
• The market is expected to see robust growth in the coming years, reaching $18.6 billion in 2029 with a CAGR Of 5.5%.
• This growth is projected to be driven by factors such as smart home integration, fast charging ecosystem, electrification of transportation, green technology initiatives, gaming and high-performance devices.
What Is Driving The Growth In The Wired Charging Market?
The growth of the wired charging market is largely driven by the increasing demand for the installation of charging stations for a variety of devices, including consumer electronics, electric vehicles, healthcare products, and personal care products. As consumers are becoming more environmentally conscious, the preference for electric vehicles is escalating. The rising demand for electric vehicles affects the need for charging infrastructure and stations that deploy wired charging. For instance, Twilio Inc., a US-based cloud communications platform, stated in January 2023 that there will be 12.9 million publicly accessible EV charging stations by 2030. Hence, the growing requirement for the installation of charging stations is expected to boost the wired charging market growth.
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Who Are the Key Players Driving Wired Charging Market Growth?
The key players in the wired charging market include:
• Apple Inc.
• Dell Technologies Inc.
• Delta Electronics Inc.
• Amazon.com Inc.
• Anker Innovations Limited
• AUKEY
• Belkin International Inc.
• Cable Matters Inc.
• Griffin Technology LLC
• Hama GmbH & Co KG
• SDI Technologies Inc.
• Incipio LLC
• Just Wireless
• Monoprice Inc.
• mophie LLC
• Native Union Design Limited
• Nekteck Inc.
• Koninklijke Philips N.V.
• Pisen Electronics Co. Ltd.
• RAVPower Inc.
• Samsung Electronics Co. Ltd.
• Scosche Industries Inc.
• Sony Corporation
• Targus Group International Inc.
• Ugreen Group Limited
• Ventev Innovations LLC
• XtremeMac
What Are The Key Trends In The Wired Charging Market?
The key trends in the wired charging market include:
• Fast charging technology
• USB power delivery (USB-PD)
• USB Type-C connectivity
• Integration with IoT devices
• Multiple device charging
What Are The Segments Of The Global Wired Charging Market?
The wired charging market is segmented as:
• By Type: Type C, Micro USB, Lightning, Other Types
• By Charging Type: Standard, Fast
• By Sales Channel: Online, Offline
• By Application: Automotive, Consumer Electronics, Smartphones, Tablets, Healthcare Devices, Other Applications
Which Region Leads The Wired Charging Market?
Asia-Pacific was the largest region in the wired charging market in 2024. The report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Wired Charging Market Global Market Report?
- Market Size Analysis: Analyze the Wired Charging Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wired Charging Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Wired Charging Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wired Charging Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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