Global wired charging is growing at an exponential rate due to rising electric vehicles and the extensive use of electronic gadgets in our daily life. In addition, rising environmental regulations related to oil & gas led to an increase in demand for electric vehicles which creates ample opportunities for the wired charging market.
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Wired charging plays an important role in the daily lives of human beings, as everyone is surrounded by chargeable gadgets. The rise in demand for mobile & laptops in this decade led to an increase in demand for wired chargers, which act as the major driving factor for the market. In addition, the rising demand for electric vehicles also boosts the demand for wired charging. Moreover, every country is planning to transform crude vehicles into electric and this transformation led to an increase in the demand for wired charging and may act as the major driving factor for the market. Furthermore, the government of every nation is providing subsidies government of India & Japan wants new cars to be electrified to become carbon neutral by 2050, and electric vehicles have become more of a necessity for the country to meet these targets.
The global wired charging market is segmented on the basis of type, charging type, application, and sales channel. Depending on the type, the market is categorized into Type C, Micro USB, lightning, and others. On the basis of charging type, it is divided into standard and fast charging. On the basis of application, it is classified into personal care, consumer electronics, automotive, energy & power, healthcare, and others. Sales Channel-wise, it is categorized into online and offline. Region-wise it is categorized into North America, Europe, Asia-Pacific, and LAMEA.
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The global wired charging market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the 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.
The global wired charging market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes a study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
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Key Findings Of The Study:
- On the basis of type, the Type C segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
- On the basis of charging type, the standard segment emerged as the global leader in 2020 and is anticipated to be the largest market 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 channels, the offline segment registered the highest market share and is projected to maintain the same during the forecast period.
- On the basis of region, the APAC emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period
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