Overview and Scope
The wired charging refers to the charging in which a cable plugs into the electronic device being charged and transfers power from the source. A charger usually has two parts, one is a plug that goes into an outlet and another is a head that attaches to the device. Wired charging makes use of a wire or cable to charge a device and is used to charge various consumer electronic products, electric vehicles, and other electronic products.
Sizing and Forecast
The wired charging market size has grown strongly in recent years. It will grow from $13.93 billion in 2023 to $14.63 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to proliferation of smartphones, consumer electronics adoption, electric vehicle charging, urbanization and mobility, wireless charging integration.
The wired charging market size is expected to see strong growth in the next few years. It will grow to $18.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to smart home integration, fast charging ecosystem, electrification of transportation, green technology initiatives, gaming and high-performance devices.. Major trends in the forecast period include fast charging technology, usb power delivery (usb-pd), usb type-c connectivity, integration with iot devices, multiple device charging.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the wired charging market in 2023. The regions covered in the wired charging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing demand for the installation of charging stations is driving the growth of the wired charging market. Wired charging is usually done with a cable and is used to charge various consumer electronics, electric vehicles, healthcare products, and personal care products. The increasing awareness of protecting the environment has made consumers prefer electric vehicles more. As the demand for electric vehicles grows, there will be a significant need for charging infrastructure which needs wired charging to be employed at these stations. For instance, according to the Society of Manufacturers of Electric Vehicles, an Indian industry body, as of March 2021, there were 1,800 charging stations in India and there will be a need for 400,000 charging stations to meet the requirement for 2 million electric vehicles (EV) on roads by 2026. Therefore, the growing demand for the installation of charging stations is expected to propel the growth of the wired charging market.
Key Industry Players
Major companies operating in the wired charging market include ABB Ltd., AOYAMA Elevator Co. Ltd., Apple Inc., Dell Technologies Inc., Delta Electronics Inc., Amazon.com Inc., Anker Innovations Limited, AUKEY, Belkin International Inc., Cable Matters Inc., Duracell Inc., Energizer Holdings Inc., Griffin Technology LLC, Hama GmbH & Co KG, SDI Technologies Inc., Incipio LLC, JBL International Ind., 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
The wired charging market report table of contents includes:
1. Executive Summary
- Wired Charging Market Characteristics
- Wired Charging Market Trends And Strategies
- Wired Charging Market – Macro Economic Scenario
- Global Wired Charging Market Size and Growth
- Wired Charging Market Segmentation
- Wired Charging Market Regional And Country Analysis
…………..
- Key Mergers And Acquisitions In The Wired Charging Market
- Wired Charging Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Wired Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Wired Charging Market, Segmentation By Charging Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Wired Charging Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………
Table 75: ABB Ltd. Financial Performance
Table 76: AOYAMA Elevator Co. Ltd. Financial Performance
Table 77: Apple Inc. Financial Performance
Table 78: Dell Technologies Inc. Financial Performance
Table 79: Delta Electronics Inc. Financial Performance
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