Canada Induction Charger Market

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Canada Induction Charger Market by Power Output (5W to 15W, 16W to 30W, Above 30W), by Charging Standard (Qi Standard, AirFuel), and by Distribution Channel (E-Commerce or Online and Offline) – Opportunity Analysis and Industry Forecast 2024–2030

Industry: Retail and Consumer | Publish Date: 21-Feb-2024 | No of Pages: 100 | No. of Tables: 70 | No. of Figures: 35 | Format: PDF | Report Code : N/A

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Market Definition

Canada Induction Charger Market was valued at USD 14.93 million in 2023, and is predicted to reach USD 47.5 million by 2030, with a CAGR of 17.3% from 2024 to 2030. The induction charger sector, a subset of the broader consumer electronics industry, is experiencing rapid evolution and gaining prominence on the global tech stage.

This industry focuses on the development and dissemination of wireless charging technology, a method facilitating the transfer of electrical power without the need for physical connectors or cables. At its core, the technology driving induction chargers is rooted in electromagnetic induction, where an electromagnetic field facilitates the energy transfer between two objects, typically a charging pad and a compatible device.

Increasing implementation of Smartphones and Electronic Devices fuels Induction Chargers Market Growth

The growing adoption of smartphones, earphones, laptops, and various electronic devices is driving the expansion of the wireless charging sector in Canada. The increasing preference for smartphones in the country is attributed to their multiple advantages over older phone models, including advanced features such as high-quality cameras, extensive data storage capacities, and sophisticated charging capabilities.

In the latest study conducted by Statistics Canada, 43% of Canadians said they checked their smartphone at least every 30 minutes. As for younger Canadians, 71% of those between 15 and 24 years of age checked their smartphone at least every 30 minutes, with 17% checking their phone every 5 minutes.

The data from Statistics Canada points towards a promising future for the induction charger industry in Canada, driven by the high and frequent smartphone usage among Canadians, particularly young generations. By focusing on convenience, addressing price barriers, and expanding accessibility, manufacturers can capitalize on this trend and establish induction charging as a preferred charging method for Canadians.

 

Startup Initiatives Fuelling the Growth of Canada's Wireless Inductive Charger Industry

The surge in Canada's wireless induction charger industry can be attributed to the dynamic initiatives undertaken by startup companies. These ventures are playing a pivotal role in driving growth by introducing innovative wireless inductive chargers to the market.

These chargers not only cater to the increasing demand for convenient charging solutions but also bring fresh perspectives and technologies, contributing to the overall evolution of the industry. The agility and creativity demonstrated by these startups are injecting vitality into the sector, fostering competition, and expanding the range of options available to consumers, ultimately propelling the industry's advancement. 

For example, Y-Tricity launched the world's first wall-mounted wireless charger, utilizing magnetic resonance technology for convenient, obstacle-free charging at a distance of up to 12 inches. Unlike Qi, it allows simultaneous charging of multiple devices, promising a more efficient and convenient charging experience.

The Standardization of Wired Chargers Hinders the Growth of the Induction Charger Market

The extensive popularity of USB Type-C connectors in wired chargers poses a considerable obstacle to the induction charger market. This standardization ensures compatibility with a wide range of devices, establishing USB Type-C as a convenient and adaptable charging solution. Its rapid charging capabilities, often surpassing those of many wireless chargers, enhance its allure, especially for users prioritizing swift charging experiences.

 

Introduction of Qi v2.0 Standard for Wireless Charging Creates Ample Opportunity

The launch of Qi v2.0, the latest wireless charging standard, is poised to impact the induction charger industry significantly. Offering enhanced features such as magnetic attachment, improved charging speed, higher efficiency, and greater convenience, Qi v2.0 is set to elevate user experiences.

With the first Qi v2.0 certified devices, including Apple's iPhone 15 series and various power transmitters, expected to hit the market during Christmas, significant manufacturers, including Belkin, Mophie, Anker, and Aircharge, are gearing up with compatible products. Over 100 devices are already undergoing testing or certification for Qi v2.0. 

This new standard is expected to unify the wireless charging industry, promoting smoother, faster charging and broader interoperability. As Qi v2.0 becomes the global benchmarkfor wireless charging, its adoption will likely simplify the market and enhance universal compatibility, driving growth in the induction charger sector as more consumers move towards Qi v2.0 compatible charging solutions

 

Competitive Landscape

The Canada induction charger industry includes several market players such as Samsung Electronics Co. Ltd., Apple Inc, Anker Innovations Technology Co. Ltd., Belkin International, Inc., Xiaomi Corporation, Huawei Technologies, ASUSTeK Computer Inc., ZAGG INC., Energizer Holdings, Inc., and Aukey Corporation Limited.

Canada Induction Charger Market Key Segments

By Power Output        

  • 5W to 15W

  • 16W to 30W

  • Above 30W            

By Charging Standard        

  • Qi Standard

  • AirFuel

By Distribution Channel

  • E-Commerce or Online

  • Offline

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 14.93 Million

Revenue Forecast in 2030

USD 47.5 Million

Growth Rate

CAGR of 17.3% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Widespread adoption of smartphones and electronic devices

  • Growing initiatives undertaken by startup companies

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

  • Samsung Electronics Co. Ltd.

  • Apple Inc

  • Anker Innovations Technology Co. Ltd. 

  • Belkin International, Inc.

  •  Xiaomi Corporation

  • Huawei Technologies

  • ASUSTeK Computer Inc.

  • ZAGG INC.

  • Energizer Holdings, Inc.

  • Aukey Corporation Limited.

Bar chart Pie chart Pie chart

Frequently Asked Questions

According to the report published by the Next Move Consulting, the Canada induction charger market business is expected to hit at $47.5 million (USD) by 2030.

The Canada induction charger industry includes several market players such as Samsung Electronics Co. Ltd., Apple Inc, Anker Innovations Technology Co. Ltd., Belkin International, Inc., Xiaomi Corporation, Huawei Technologies, ASUSTeK Computer Inc., ZAGG INC., Energizer Holdings, Inc., and Aukey Corporation Limited.

The Canada induction charger market share is segmented on the basis of power output, charging standard and distribution channel.

The factors contributing to the expansion of the Canada induction charger market are widespread adoption of smartphones and electronic devices, and growing initiatives undertaken by startup companies.

The extensive embrace of USB Type-C connectors in wired chargers poses a considerable obstacle to the induction charger market.

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