Japan Wired Charging Market Top Companies
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.
According to a new report published by Allied Market Research, 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 2021 to 2030.
On the basis of type, the Type C segment emerged as the global leader in 2020, and is anticipated to be the largest markets during the forecast period.
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On the basis of charging type, the standard segment emerged as the global leader in 2020, and is anticipated to be the largest markets during the forecast period.
On the basis of application, the consumer electronics segment registered the highest market share and is projected to maintain the same during the forecast period.
On the basis of sales channel, the offline segment registered the highest market share and is projected to maintain the same during the forecast period.
Impact Of Covid-19 On The Global Bromine Derivative Market
Sales of wired charging is directly proportional to sales of mobiles, tablets and other gadgets. Japanese companies such as Philips, Panasonic, Sony, Canon, Nikon, Casio, Pioneer and others, has a significant share in the manufacturing of mobiles, camera, smartwatches and others.
Electric cars are also major markets for wired charging market in Japan, but due to the heavy cost of electric cars, the sales of electric car were decline in covid-19 situation, which also led to decline the sales of wired charging market.
The electronic industry acquired a significant share in terms of consumption of wired charging in Japan.
The automotive production garners a major share in terms of usage of wired charging. The automotive industry has been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded decline in vehicles on road (passenger & commercial) in 2020.
Rise in demand for mobile & laptops in this decade led to increase in demand for wired chargers, which act as the major driving factor for the market.
Rising demand for electric vehicle also boosts the demand for wired charging.
Wired charging plays an important role in the daily lives of human beings, as everyone is surrounded by chargeable gadgets.
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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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