PUBLISHER: The Business Research Company | PRODUCT CODE: 1657105
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657105
Wired charging involves the use of a cable that plugs into the electronic device needing charging, and it transfers power from a power source. A typical charger consists of two parts: a plug that connects to an electrical outlet and a head that attaches to the device being charged. This method utilizes a cable to transfer power and is employed to charge various electronic products, including consumer electronics, electric vehicles, and other electronic devices.
The primary types of wired charging include Type C, micro-USB, lightning, and others. Type C wired chargers are specifically designed for faster charging, offering quicker charging times for devices. USB Type C is known for its ability to charge smartphones two or three times faster than USB 3.0 chargers and facilitates fast data transfer. Wired charging is categorized into standard and fast charging, and these chargers are available through online and offline sales channels. This charging method is predominantly used in automotive, consumer electronics, smartphones, tablets, healthcare devices, and other applications.
The wired charging market research report is one of a series of new reports from The Business Research Company that provides wired charging market statistics, including wired charging industry global market size, regional shares, competitors with an wired charging market share, detailed wired charging market segments, market trends and opportunities, and any further data you may need to thrive in the wired charging industry. This wired charging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wired charging market size has grown steadily in recent years. It will grow from $14.38 billion in 2024 to $14.99 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. 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 $18.6 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. 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.
The rising demand for charging station installations is fueling growth in the wired charging market. Wired charging, typically performed using a cable, is employed to charge a variety of consumer electronics, electric vehicles, healthcare products, and personal care items. Growing awareness of environmental protection has led to an increase in consumer preference for electric vehicles. As the demand for electric vehicles escalates, there will be a substantial requirement for charging infrastructure, necessitating the implementation of wired charging at these stations. For example, a report from Twilio Inc., a US-based cloud communications platform, indicates that by 2030, there will be 12.9 million publicly accessible EV charging stations. Consequently, the increasing demand for charging station installations is anticipated to significantly boost the growth of the wired charging market.
The increasing production of electronics is expected to drive growth in the wired charging market in the coming years. Electronics encompasses the branch of physics and technology that focuses on the behavior and control of electrons, particularly in generating, transmitting, receiving, and utilizing electrical signals, as well as in developing electronic devices and systems. Wired charging is a prevalent method for replenishing battery energy or powering devices by transferring electrical energy through physical cables or connections. For example, in July 2024, the India Brand Equity Foundation, a trust based in India, reported that domestic production of electronic items rose to $98.28 billion (Rs. 8.22 lakh crore) in FY23, with exports increasing to $22.72 billion (Rs. 1.9 lakh crore). During FY24, Apple assembled iPhones worth $14 billion in India, accounting for 14% of its global production. Additionally, the share of electronics in India's overall exports grew from 2.7% in FY19 to 6.7% in FY24. Moreover, India's electronic exports to the US transitioned from a trade deficit of $0.6 billion in FY17 to a surplus of $8.7 billion in FY24. Therefore, the rise in electronics production is significantly contributing to the growth of the wired charging market.
A prominent trend in the wired charging market is technological advancements and the launch of sophisticated products. This includes the introduction of advanced chargers with mobile applications for charging management, along with features like fast charging and device compatibility. Key players focus on launching technologically advanced chargers to gain a competitive edge. For instance, Palo Alto partnered with Smartenit to introduce a smart grid-optimized Level 1 mobile EV cable with features like automatic off-peak charging schedules to reduce expenses. This exemplifies the trend of technological advancements in the wired charging market.
Major companies in the wired charging market are introducing innovative charging series to elevate the charging experience. Innovative charging series comprise cutting-edge solutions for powering and recharging electronic devices. MOMAX, Ltd., a Hong Kong-based company, launched the 'Flow' series, featuring magnetic wireless charging technology, sleek designs, and GaN technology-supported travel chargers. This series aims to set a new trend in the fusion of technology and culture, enhancing the charging experience for Apple users worldwide.
In January 2022, ABB, a Sweden-based provider of EV charging infrastructure, service, and software solutions, acquired a controlling stake in InCharge Energy, strengthening its position in the US market for EV charging solutions. The acquisition also supports sustainable fleet electrification. InCharge Energy Inc., based in the US, specializes in electric vehicle commercial charging infrastructure solutions.
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
Asia-Pacific was the largest region in the wired charging market in 2024. The regions covered in the wired charging analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the wired charging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The wired charging market consists of sales of type-A, type-B, and mini-USB. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wired Charging Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wired charging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wired charging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wired charging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.