Surge in demand for induction chargers and rising popularity of wireless chargers for mobile phones are driving up demand for the UK induction charger market during the forecast period.

The UK Induction Charger Market was valued at USD 21.97 million in 2023, and is predicted to reach USD 61.51 million by 2030, with a CAGR of 15.2% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

The surge in demand for induction chargers in the UK can be attributed to the widespread adoption of smartphones and electronic devices that support wireless charging. As these devices become increasingly prevalent, consumers are drawn to the convenience and hassle-free experience that wireless charging offers.

The elimination of cumbersome cables and the ability to simply place devices on charging pads have significantly contributed to the rising popularity of induction chargers, making them a preferred choice for individuals seeking efficient and user-friendly charging solutions.

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 UK 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 UK Induction Charger Market Report:

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