According to a new report ****** Wireless Charging Market, published by KBV research, The ****** Wireless Charging Market size is expected to reach $25.6 billion by 2026, rising at a market growth of 28.4% CAGR during the forecast period. Increasing smartphone use is projected to accelerate the growth of the consumer electronics sector of the ****** market for wireless charging. Additionally, technical advancements in mobile devices such as integrated wireless charging technologies are raising awareness among customers about wireless charging.
According to the latest report by IMARC Group, titled “Wireless Charging Market: ****** Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the ****** wireless charging market size reached US$ 9.6 Billion in 2019. Wireless charging is the process of charging battery-operated appliances without plugging them to a live power source. It operates on the principle of electromagnetic induction, which constitutes a transmitter to conduct the energy and a receiver to charge the battery. Wireless charging is a convenient and reliable technology that eliminates the need for power connectors and cables, providing a portable and cost-effective alternative to traditionally wired charging systems. In recent years, the demand for wireless charging has increased due to a rise in the utilization of electronic devices such as smartphones, laptops, wearables and household electronics.
Wireless Charging Market
Data Bridge Market research released a new market study on Wireless Charging Market with 100+ market data Tables, Pie Chart, Graphs & Figures spread through Pages and easy to understand detailed analysis In Wireless Charging Market research report also directs the manufacturer about planning of advertising and sales promotion efforts and makes it more effective. The report consists of all the detailed profiles for the Wireless Charging Market major manufacturers and importers who are influencing the market. Wireless Charging Market survey provides key information about the industry such as helpful and important facts and figures, expert opinions, and the latest developments across the globe. This market study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period derived with the help of SWOT analysis.
New York, 11, June 2019: Polaris Market Research presents a most up-to-date research on “Wireless Charging Market Share, Size, Trends, Industry Analysis Report By Technology (Inductive, Radio Frequency, Resonant, Others); By End-User (Consumer Electronics, Automotive, Healthcare, Defense, Industrial, Others); By Regions, Segments & Forecast, 2018 – 2026” The ****** Wireless Charging Market Is Projected To Reach Around USD 95.6 Billion By 2026 According To A New Market Research Report By Polaris Market Research.
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In 2017, the consumer electronics segment dominated the ****** market in terms of revenue. Asia-Pacific is expected to be the leading contributor to the ****** wireless charging market revenue during the forecast period.
Wireless charging market is expected to grow beyond USD 20 billion by 2024. Elimination of cables allows clutter-free charging, which has impelled the consumption levels. Another growth driving factor for the ****** market includes the growing demands for smartphones, specifically in India, China, and South Korea. The rise in infrastructural development, digitization, and network communications has also driven the growth. Moreover, rising demands across the automotive industry on account of the increased sales of electric vehicles is also a key market driver. The ****** market is segregated as applications, technologies, and regions.
The ****** Wireless Charging Market size was valued at USD 1.87 billion in 2014 and is expected to reach USD 22.25 billion by 2022. Future growth opportunities seem to positive on account of increasing adoption of consumer electronic devices such as laptops and smartphones that employ the new technology of wireless charging. Rising need for wireless and hassle-free methods to power different devices amongst end users in industrial sectors including healthcare, automotive, defence and industrial markets is expected to propel market growth in the next eight years.