Technotrends26 Apr, 2023News
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 increased 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, electric vehicles have become more of a necessity for the country to meet these targets. The wired charging market size was valued at $11.1 billion in 2020 and is projected to reach $15.9 billion by 2030, growing at a CAGR of 3.9% from 2021 to 2030.
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