Australia Induction Charger Market

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Australia 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

Australia Induction Charger Market was valued at USD 30.48 million in 2023, and is predicted to reach USD 70.7 million by 2030, with a CAGR of 12.1% 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.

Australia's E-Commerce sector Fuels Explosive Growth in the Induction Charger Industry 

Australia's status as the eleventh-largest e-commerce market globally, with revenue hitting USD 36.83 billion in 2023 and projected to soar to USD 57.45 billion by 2028 (a staggering 55.93% increase), is reshaping the landscape of the induction charger industry. The substantial growth in e-commerce is intricately tied to the burgeoning demand for induction chargers, fueled by the convenience of online shopping.

As consumers increasingly opt for electronic product purchases online, the induction charger sector stands to benefit significantly from this trend, reflecting a shift towards modern, efficient charging solutions in sync with the digital purchasing preferences of Australian consumers.

 

Growing Adoption of Multi-Device Charging Boosts Induction Charger Market Growth

The flourishing market for induction chargers in Australia is propelled by the advent of chargers capable of simultaneously powering multiple devices. This innovation addresses the growing need for convenience in a digitally connected world, where individuals often rely on multiple electronic devices.

The ability to charge several items concurrently not only streamlines the charging process but also caters to the evolving lifestyle preferences of Australian consumers. This feature-rich offering aligns with the demand for efficient and versatile charging solutions, significantly contributing to the robust growth of the induction charger market in the country.

Recently, JOURNEY, a US-based company, launched the Rapid TRIO 3-in-1 Wireless Charging Station, a versatile device that simultaneously charges iPhones, Apple Watches, and AirPods in locations including Australia.

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 Australia 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.

Australia 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 30.48 Million

Revenue Forecast in 2030

USD 70.7 Million

Growth Rate

CAGR of 12.1% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Growing Adoption of Multi-Device Charging.

  • Growing E-Commerce sector.

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.

Bar chart Pie chart Pie chart

Frequently Asked Questions

According to the report published by the Next Move Consulting, the Australia induction charger market business is expected to hit at $70.7 million (USD) by 2030.

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

The induction charger market is booming in Australia due to increased online electronic purchases and technological innovations, particularly chargers that can power multiple devices simultaneously.

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

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