The upswing in online sales of electronic devices and rising e-commerce sector in the country are driving up demand for the Norway induction charger market during the forecast period.

Norway Induction Charger Market was valued at USD 15.93 million in 2023, and is predicted to reach USD 53.82 million by 2030, with a CAGR of 18.3% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

Norway's consumer electronics market, driven by online retailers like Komplett and Elkjøp, has experienced substantial growth, with Komplett's net sales surpassing USD 400 million and Elkjop's exceeding USD 370 million in 2022. 

The robust online presence of these companies, especially Komplett, has generated increased demand for associated technologies, solidifying their dominance in the e-commerce sector. This trend is anticipated to have a positive impact on the wireless charging industry, as the upswing in online sales of electronic devices creates a greater demand for convenient charging solutions in the Norwegian market.

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 Norway 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 Norway Induction Charger Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Norway 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 Norway induction charger market is provided in the report along with their competitive analysis.