Tag Archives: Wireless Charging Market Size

Wireless Charging Market To Surpass $95.6 Bn By 2026 – Polaris Market Research

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 Projected to Grow at a CAGR of 24.4% to 2024

According to the latest report by IMARC Group, titled “Wireless Charging Market: ****** Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the ****** wireless charging market reached a value of US$ 6.9 Billion in 2018, growing at a CAGR of 24.6% during 2011-2018. 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, thus providing a portable and cost-effective alternative to traditionally wired charging systems. Catalyzed by a rise in the utilization of electronic devices such as smartphones, laptops, wearable and household electronics, the demand for wireless charging has been witnessing strong growth.

Wireless Charging Market Supply, Consumption, Price & Product Category By 2022

Industry Insights

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. This market is in the growing phase and is observed to experience a wide range of innovations and provide several opportunities to new entrants. In order to improve existing operations and functionalities, heavy investments are made by major market players on research and development. Key emphasis is laid on enhancing and refining the power transmission range that can enable wireless charging of devices for long distances.

Wireless Charging Market Sales, Size, Share, Trends and Forecast 2024

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.