Japan Wired Charging Market Insights Forecasts to 2032
- The Japan Wired Charging Market Size was valued at USD 1,124.8 Million in 2022.
- The Market Size is Growing at a CAGR of 7.8% from 2022 to 2032.
- The Japan Wired Charging Market Size is expected to reach USD 2,387.09 Million by 2032.
- Japan is expected to grow the fastest during the forecast period.
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The Japan Wired Charging Market Size is expected to reach USD 2,387.09 Million by 2032, at a CAGR of 7.8% during the forecast period 2022 to 2032.
Wired charging technologies have changed over the years, becoming more sophisticated and more rapid at charging. Wired charging is accomplished through the installation of a cable and is predominantly utilized in the recharging of consumer electronic devices such as smartphones, tablets, laptops, and other electric vehicles, and a number of other devices that are utilized in the healthcare, energy, and power industries. Because every individual is constantly occupied by charged devices, wired charging is essential in people's daily life. The substantial increase in popularity of mobile and laptop chargers over the last decade has been a major driving element in Japan wired charging market. Furthermore, the availability of chargers is likely to grow dramatically as the number of EVs grows. EV chargers are required in all environments where electric vehicles are operating, including residences, offices, metropolitan areas, bus stations, and roads. In addition, Japan was a pioneer of EVs, with the introduction of the Mitsubishi i-MIEV and Nissan LEAF a decade and a half ago. The automobiles were aided by subsidies and the installation of AC charging stations and DC fast chargers that use the Japanese CHAdeMO technology.
This research report categorizes the market for Japan Wired Charging Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan Wired Charging Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan Wired Charging Market.
Japan Wired Charging Market Report Coverage
|Market Size in 2022 :||USD 1,124.8 Million|
|Forecast Period 2022-2032 CAGR:||7.8%|
|2032 Value Projection:||USD 2,387.09 Million|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||120|
|Segments covered:||By Product, By Type, By End-Users, By Sales Channel|
|Companies Covered:||Panasonic Corporation, Toshiba Corporation, Philips, Sony, Canon, Nikon, Casio, Furukawa Wired Charging Co., Ltd., NGK Insulators Ltd., FDK Corporation, ELIIY-Power, KYOCERA, Hitachi, Ltd., NEC Corporation, Murata, GS Yuasa International Ltd|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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The increase in demand for portable devices and portable chargers for laptops in the past decade has been an important contributor to the growth of the wired charging market in Japan throughout the forecast. Also, increased demand for electric vehicles drives up the need for cable charging. Furthermore, the Japanese market is important in wired charging because Japan is currently the third-biggest light-duty plug-in vehicle nation market after China and the United States. In addition, the Japanese government expects new automobiles to be electrically powered in order for the country to achieve carbon neutrality by 2050; electric vehicles have grown increasingly a need for the country to accomplish these goals. Japan is a prominent producer of greenhouse gases, with automobiles playing a large role.
Furthermore, the Japanese government's massive anticipated investments in electric vehicle charging systems boosted the wired charging market in Japan. Moreover, rising electronics and consumer adoption rates and rising demand for charging station installation are predicted to boost the growth of Japan's wired charging market. The development of rapid charging and USB type charging in the wired charging market has additionally contributed to the market expansion in Japan.
The demand for more dependable technology, including wireless charging technologies, is rising as technology becomes more disruptive. The market for wired charging is struggling to grow since this technology tends to be more flexible than conventional wired charging technology. The expansion of the Japanese wired charging market is being constrained by all of these concerns.
- In 2022, the type C segment is witnessing a higher growth rate over the forecast period.
Based on the product, the Japan Wired Charging Market is segmented into type C, micro USB, lightening, and others. As a result of its interoperable nature and ease of availability, the type C segment is expected to increase at a faster rate over the projected period. Furthermore, Type C is more portable compared to conventional wired cable since it is easy to install and has a longer life than other cables, which has been a significant driving element for the market. In addition, because Type C is reversible, allowing for faster charging speeds, and offers fast media transferring functions, major technology companies are developing new consumer goods using this product. Headphone jacks on modern phones and devices have also been replaced by Type C connectors.
- In 2022, the industrial batteries segment accounted for the largest revenue share of more than 67.8% over the forecast period.
On the basis of type, the Japan Wired Charging Market is segmented into fast and standard. Among these, the industrial batteries segment is dominating the market with the largest revenue share of 67.8% over the forecast period. This is due to the effective pricing that exists not just in Japan but also globally. Furthermore, standard charging provides superior input to the device, providing further safety to the battery from running out.
- In 2022, the offline segment is witnessing significant CAGR growth over the forecast period.
On the basis of sales channel, the Japan Wired Charging Market is segmented into online and offline. Among these, the offline segment is witnessing significant CAGR growth over the forecasted period. This is because of readily available and prompt service. Furthermore, electric chargers necessitate installation by the company's operating staff, which is also the primary growing component of the offline sales channel. Furthermore, Japan has a large network of retail chains, such as supermarkets, hypermarkets, and specialty stores, which boosts the country's offline segment demand for wired charging.
- In 2022, the consumer electronics segment accounted for the largest revenue share of more than 54.2% over the forecast period.
On the basis of end-users, the Japan Wired Charging Market is segmented into personal devices, consumer electronics, automotive, energy & power, healthcare, and others. Among these, the consumer electronics segment is dominating the market with the largest revenue share of 54.2% over the forecast period. The segment's rise can be due to greater adoption, as the usage of wired chargers in electronic devices has been a traditional application, and the majority of individuals prefer wired chargers over wireless chargers because they help with lightning-fast charging and are more portable than wireless chargers. In addition, the rising demand for mobile phones, laptop computers, and other electronic devices in Japan has boosted market growth. Furthermore, the increased laptop market owing to remote working culture has increased consumer electronics demand.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan Wired Charging Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Panasonic Corporation
- Toshiba Corporation
- Furukawa Wired Charging Co., Ltd.
- NGK Insulators Ltd.
- FDK Corporation
- Hitachi, Ltd.
- NEC Corporation
- GS Yuasa International Ltd
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- On April 2022, FreeWire Technologies Inc., a leader in ultrafast EV charging and power solutions, and Bell Energy, a Japanese commercial solar system provider, have collaborated to deploy Japan's first battery-integrated Boost ChargerTM. This project, located in Tsukuba, Ibaraki, is a significant step forward in the expansion of Japan's fast charging network and the overall electrification of its vehicles and fleets.
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Japan Wired Charging Market based on the below-mentioned segments:
Japan Wired Charging Market, By Product
- Type C
- Micro USB
Japan Wired Charging Market, By Type
Japan Wired Charging Market, By End-Users
- Personal Devices
- Consumer Electronics
- Energy & Power
Japan Wired Charging Market, By Sales Channel
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