Widespread adoption of smartphones and electronic devices and growing prevalence of induction chargers are driving up demand for the North America induction charger market during the forecast period.

North America Induction Charger Market was valued at USD 71.5 million in 2023, and is predicted to reach USD 320.71 million by 2030, with a CAGR of 18.9% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

The North American induction charger market is witnessing strong growth, driven by the widespread use of smartphones and electronic devices. This surge is notably evident in the United States, Canada, and Mexico.

The launch of the iPhone 15 and 15 Pro, featuring the Qi2 magnetic wireless charging standard in the U.S., has emerged as a major catalyst for the thriving induction charger industry. This recent development aligns with the growing consumer preference for convenient and effective charging solutions, playing a substantial role in the market's upward momentum.

However, 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, its superior charging speed compared to most wireless chargers makes it more attractive, especially for users who want fast charging.

On the other hand, the launch of Qi v2.0, the latest wireless charging standard, is poised to impact the induction charger industry significantly. It offers enhanced features such as magnetic attachment, fast charging speed, higher efficiency, and greater convenience.

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 benchmark for wireless charging, its adoption is expected to simplify the market and enhance universal compatibility.

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According to the report, leading players in the North America induction charger market include 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.

Key Insights from the North America Induction Charger Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the North America induction charger market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the North America induction charger market is provided in the report along with their competitive analysis.