Latin America Induction Charger Market

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Latin America 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: 22-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

Latin America Induction Charger Market was valued at USD 25.02 million in 2023, and is predicted to reach USD 77.6 million by 2030, with a CAGR of 16.9% 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 a charging pad and a compatible device.

The Growing Reliance on Smartphones and Electronic Devices Drives the Expansion of the Induction Chargers Market

The growing dependence on smartphones and electronic devices in Latin America has led to an increasing need for wireless charging solutions. As consumers embrace a technology-driven lifestyle, the demand for induction chargers, valued for their convenience and efficiency, has experienced a significant upswing.

This shift in demand highlights a preference among Thai consumers for straightforward and cable-free charging solutions. Induction chargers, recognized for delivering a seamless and efficient charging experience, have thus become the favored option to meet the contemporary needs of technology-savvy individuals in Latin America.

 

The Growing Integration of Induction Chargers in Public Spaces Contributes to The Expansion of The Market

The smooth integration of wireless charging capabilities in public spaces and businesses across Latin America has notably improved the convenience and accessibility of this technology. More cafes, airports, and public transportation systems are incorporating dedicated wireless charging infrastructure, encouraging users to choose devices compatible with induction chargers. 

This widespread accessibility not only addresses the fast-paced lifestyle of individuals but also acts as a driving force for market expansion, fostering a stronger preference for induction charging solutions among consumers.

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 Latin America 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.

Latin America 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 25.02 Million

Revenue Forecast in 2030

USD 77.6 Million

Growth Rate

CAGR of 16.9% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Growing dependency on electronic devices.

  • Rising integration of induction chargers in public spaces.

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 Latin America induction charger market business is expected to hit at USD 77.6 million by 2030.

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

The growth of the Latin America induction charger market is propelled by the incorporation of wireless charging features in public areas and businesses, coupled with the rising usage of smartphones and other electronic devices.

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

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