Dublin , Feb. 14, 2023 /PRNewswire/ — The “Wired Charging Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
The global wired charging market is expected to grow from $12.39 billion in 2021 to $12.88 billion in 2022 at a compound annual growth rate (CAGR) of 3.97%. The wired charging market is expected to grow to $15.05 billion in 2026 at a compound annual growth rate (CAGR) of 3.97%.
Asia Pacific was the largest region in the wired charging market in 2021. The regions covered in the wired charging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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.
Technological advancements and the launch of technologically advanced products is the key trend gaining popularity in the wired charging market. Technological advancements include the launch of advanced chargers with a mobile application to manage the charging alongside improved features such as fast charging, compatibility with any devices, and more. Key players are focusing on launching technologically advanced chargers to gain a competitive edge in the market and acquire more customers.
For instance, in September 2019, ChargePoint Inc., a US-based electric vehicle infrastructure company launched ChargePoint Home Flex, an advanced, flexible, and fastest home EV charger for residential use with the ChargePoint app to manage all charging. The home EV charger delivers 50 amps with 9 times faster charging than the standard wall outlet. It supports charging for any EV with speed in any home.
In January 2022, ABB, a Sweden-based provider of EV charging infrastructure, service and software solutions acquired a controlling stake in InCharge Energy for an undisclosed amount. The acquisition strengthens ABB’s EV charging solutions in the US market and enables sustainable fleet electrification. InCharge Energy Inc. is a US-based electric vehicle (EV) commercial charging infrastructure solutions company.
The countries covered in the wired charging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
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Scope
Markets Covered:
1) By Type: Type C; Micro USB; Lightning; Others
2) By Charging Type: Standard; Fast
3) By Sales Channel: Online; Offline
4) By Application: Automotive; Consumer Electronics; Smartphones; Tablets; Healthcare Devices; Others
Key Topics Covered:
1. Executive Summary
2. Wired Charging Market Characteristics
3. Wired Charging Market Trends And Strategies
4. Impact Of COVID-19 On Wired Charging
5. Wired Charging Market Size And Growth
6. Wired Charging Market Segmentation
7. Wired Charging Market Regional And Country Analysis
8. Asia-Pacific Wired Charging Market
9. China Wired Charging Market
10. India Wired Charging Market
11. Japan Wired Charging Market
12. Australia Wired Charging Market
13. Indonesia Wired Charging Market
14. South Korea Wired Charging Market
15. Western Europe Wired Charging Market
16. UK Wired Charging Market
17. Germany Wired Charging Market
18. France Wired Charging Market
19. Eastern Europe Wired Charging Market
20. Russia Wired Charging Market
21. North America Wired Charging Market
22. USA Wired Charging Market
23. South America Wired Charging Market
24. Brazil Wired Charging Market
25. Middle East Wired Charging Market
26. Africa Wired Charging Market
27. Wired Charging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wired Charging Market
29. Wired Charging Market Future Outlook and Potential Analysis
30. Appendix
A selection of companies mentioned in this report includes
- ABB
- AOYAMA Elevator Co. Ltd.
- Apple Inc.
- Dell Technologies Inc.
- Delta Electronics Inc.
For more information about this report visit https://www.researchandmarkets.com/r/9zk2ot-charging?w=5
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