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Wired Charging Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
The expansion of the wired charging market can be attributed to the rising demand for charging station installations. Wired charging, which utilizes a cable, has various uses including charging for consumer electronics, personal care products, health care products, and electric vehicles. The heightened awareness around environmental conservation has spurred a preference for electric vehicles, thereby increasing their demand. Simultaneously, this has created a pressing need for wired charging infrastructure at charging stations. Twilio Inc., a U.S.-based cloud communications platform, corroborates this point with their prediction stating that by 2030, the number of publicly accessible EV charging stations would rise to 12.9 million. Hence, the wired charging market growth is projected to be fueled by the escalating demand for charging station installations.
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How will the growth rate of the wired charging market shape industry trends by 2034?
The market size of wired charging has been experiencing consistent growth over recent years. It is projected to increase from $14.38 billion in 2024 to $14.99 billion in 2025, with a compound annual growth rate (CAGR) of 4.2%. Factors such as the surge in smartphone usage, increased uptake of consumer electronics, the necessity for charging electric vehicles, along with urbanization and mobility, and the incorporation of wireless charging have all contributed to this growth observed in the historical period.
The market size for wired charging is projected to experience robust growth in the coming years, escalating to $18.6 billion in 2029 with a compound annual growth rate (CAGR) of 5.5%. The increase during the forecast period can be credited to the integration of smart homes, quick charging ecosystems, the electrification of transport, initiatives for green technology, gaming, and top-performing devices. The forecast period will also witness trends like swift charging technology, USB power delivery (USB-PD), USB Type-C connectivity, integration with IoT devices, and charging of multiple devices.
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What trends are poised to drive the future success of the wired charging market?
The prime trend making waves in the wired charging market revolves around technological progression and the introduction of superior tech products. Such advancements encompass the unveiling of advanced chargers that possess a mobile application for charging management, alongside enhanced features like fast charging, device compatibility, and more. Leading market players are striving to launch advanced chargers to establish market dominance and attract a broader customer base. For example, in October 2022, US-based EV charging software company Palo Alto teamed up with Smartenit, a US-based IoT solutions company for smart energy, to introduce a smart grid-optimized Level 1 mobile EV cable. This cable is designed for low-cost EV charging for apartment or multi-unit dwelling (MUDs) residents without dedicated EV charging stations. The Smart EV cable includes a standard charging connector and a mobile charging cord that plugs into a 120v three-pronged outlet. Furthermore, the device's built-in Wi-Fi modem connects to the app, providing EV drivers with automatic off-peak charging schedules to minimize charging costs.
Which primary segments of the wired charging market are driving growth and industry transformations?
The wired charging market covered in this report is segmented -
1) By Type: Type C, Micro USB, Lightning, Other Types
2) By Charging Type: Standard, Fast
3) By Sales Channel: Online, Offline
4) By Application: Automotive, Consumer Electronics, Smartphones, Tablets, Healthcare Devices, Other Applications
Subsegments:
1) By Type C: USB-C Charging Cables, USB-C Fast Chargers
2) By Micro USB: Standard Micro USB Cables, Micro USB Fast Chargers
3) By Lightning: Lightning Charging Cables, Lightning Fast Chargers
4) By Other Types: Mini USB, Proprietary Charging Cables
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Which geographical regions are pioneering growth in the wired charging market?
Asia-Pacific was the largest region in the wired charging market in 2024. The regions covered in the wired charging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the wired charging market landscape?
Major companies operating 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
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What Is Covered In The Wired Charging Global Market Report?
•Market Size Forecast: Examine the wired charging market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the wired charging market for a structured understanding.
•Key Players Overview: Analyze major players in the wired charging market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the wired charging market.
•Segment Contributions: Evaluate how different segments drive overall growth in the wired charging market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the wired charging market.
•Industry Challenges: Identify potential risks and obstacles affecting the wired charging market.
•Competitive Landscape: Review strategic developments in the wired charging market, including expansions, agreements, and new product launches.
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