Denmark Induction Charger Market

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Denmark 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

Denmark Induction Charger Market was valued at USD 15.24 million in 2023, and is predicted to reach USD 47.7 million by 2030, with a CAGR of 17.0% from 2024 to 2030.

The induction charger industry, part of the wider consumer electronics sector, is undergoing swift evolution and gaining recognition on the global technology front. This field is dedicated to advancing and spreading wireless charging technology, a method that enables the transmission of electrical power without relying on physical connectors or cables.

Fundamentally, the technology behind induction chargers is grounded in electromagnetic induction, employing an electromagnetic field to facilitate the transfer of energy between two objects – typically a charging pad and a compatible device.

E-commerce Growth Revolutionizes Consumer Electronics and Fueling Induction Charger Industry Expansion.

The surge of e-commerce in Denmark has exerted a favorable influence on the consumer electronics industry, particularly the induction charger sector. As evidenced by the projections outlined in JPMorgan Chase & Co.'s global e-commerce trends report, the Danish e-commerce market is anticipated to grow at a robust CAGR of 9.4% until 2024.

This growth, expected to elevate e-commerce's contribution to total retail sales to 19%, has triggered an increased demand for efficient and convenient charging solutions. Consequently, the induction charger industry is experiencing a notable upswing, aligning with the evolving preferences and needs of consumers in the dynamic landscape of Danish online retail.

 

Growing Adoption of Consumer Electronics Drives Induction Charger Industry in Denmark

In Denmark, the consumer electronics boom is propelling the induction charger industry forward. With a surge in the adoption of various electronic devices, from smartphones to wearables, there is a growing need for efficient and convenient charging solutions. The Danish market is witnessing a notable uptick in the demand for induction chargers, driven by the consumer preference for hassle-free charging experiences.

This trend aligns with the increasing reliance on technology in daily life, making induction chargers a pivotal player in catering to the charging needs of modern Danish consumers. As the consumer electronics landscape continues to flourish, the induction charger industry in Denmark is charging ahead to meet the evolving demands of a tech-savvy population.

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

The extensive embrace 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 Denmark 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.

Denmark 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 15.24 Million

Revenue Forecast in 2030

USD 47.7 Million

Growth Rate

CAGR of 17.0% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • The increasing demand for consumer electronics.

  • Surge of e-commerce within the country.

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.

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Frequently Asked Questions

According to the report published by the Next Move Consulting, the Denmark induction charger market business is expected to hit at $47.7 million (USD) by 2030.

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

The Denmark induction charger market is expanding due to the increasing demand for consumer electronics and surge of e-commerce within the country.

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

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