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Global Wired Charging Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Wired Charging Market Share
What Is the Wired Charging Market Size and Projected Growth Rate?
The size of the wired charging market has been experiencing consistent growth in the past few years. It is anticipated to increase from $14.38 billion in 2024 to $14.99 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.2%. Factors fuelling the growth during the historic period include the widespread use of smartphones, the uptake of consumer electronics, charging solutions for electric vehicles, urbanization and mobility, as well as the integration of wireless charging.
It is anticipated that the wired charging market will experience significant expansion in the coming years, with its size projected to reach $18.6 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.5%. The surge in this period can be linked to the integration of smart homes, fast charging systems, transport electrification, initiatives for green technology, gaming, and high-performance gadgets. Key trends for the forecast period, include fast charge techniques, USB power delivery (USB-PD), USB Type-C links, IoT device integration, and the ability to charge multiple devices.
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What Are the Major Segments in the Wired Charging Market?
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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What Are The Driving Wired Charging Market Evolution?
The expansion of the wired charging market is largely attributed to the escalating need for charging station installations. Commonly utilized via a cable, wired charging is used to power a diverse range of products - from consumer electronics and electric vehicles to healthcare and personal care items. Growing environmental consciousness among consumers has resulted in an uptick in electric vehicle preference. Consequently, as the need for electric vehicles intensifies, there will be a substantial demand for charging infrastructures, which necessitates the use of wired charging at these facilities. In reference to a January 2023 report by Twilio Inc, a US-based cloud communications platform, it is predicted that by 2030, there will be 12.9 million publicly accessible EV charging stations. As such, the rising demand for charging station installations is anticipated to fuel further growth of the wired charging market.
Which Firms Dominate The Wired Charging Market Segments?
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
What Trends Are Expected to Dominate the Wired Charging Market in the Next 5 Years?
The emergence of advanced technology and its incorporation in new products is a trend that is becoming increasingly popular in the wired charging market. This includes the development of progressive charging devices, supplemented with mobile applications for user-friendly charging management, and enhanced features such as speed charging and device compatibility. Key market players are seeking to gain market advantage and attract more consumers by introducing these technologically advanced chargers. For example, in October 2022, Palo Alto, an American company specializing in EV charging software, collaborated with Smartenit, an IoT-focused US company providing smart energy solutions, to present a smart grid-optimized Level 1 mobile EV cord. This affordable charging solution targets residential flat building or multi-unit dwelling (MUDs) residents with no dedicated EV charging facilities. The Smart EV cord offers a standard charging connection and is compatible with a 120v three-pronged outlet. Its in-built Wi-Fi modem connects the device to its app, thereby providing EV drivers with off-peak charging schedules automatically, reducing the charging costs.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Wired Charging Market?
2. What is the CAGR expected in the Wired Charging Market?
3. What Are the Key Innovations Transforming the Wired Charging Industry?
4. Which Region Is Leading the Wired Charging Market?
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