Europe 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: 150 | No. of Tables: 110 | No. of Figures: 75 | Format: PDF | Report Code : N/A
Market Definition
Europe Induction Charger Market was valued at USD 243.42 million in 2023, and is predicted to reach USD 768.91 million by 2030, with a CAGR of 17.2% 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.
Growing Adoption of Smartphones and Electronic Devices fuels Induction Chargers Market Growth
The escalating adoption of smartphones and electronic devices in Europe has sparked a surge in demand for wireless charging solutions. As consumers embrace a tech-centric lifestyle, the convenience and efficiency presented by induction chargers have become increasingly attractive.
Aligned with the evolving preferences of European consumers, this demand underscores a shift towards hassle-free and cable-free charging solutions. Induction chargers, providing a seamless and efficient charging experience, have thus become a preferred choice in meeting the contemporary needs of tech-savvy Europeans.
Growing Integration of Induction Chargers in Public Spaces Boosts Market Expansion
The seamless integration of wireless charging capabilities in public spaces and commercial establishments throughout Europe has significantly enhanced the practicality and accessibility of this technology. With an increasing number of cafes, airports, and public transportation systems incorporating dedicated wireless charging infrastructure, users are incentivized to opt for devices compatible with induction chargers.
This widespread availability not only caters to the on-the-go lifestyle of individuals but also serves as a catalyst for market growth by fostering a greater preference for induction charging solutions among European 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.
Italy Holds the Dominant Market Share in the European Market
Increasing government support through funding amplifies overall research and development (R&D) and innovation within induction charger companies, propelling the industry's growth within the country. For example, the European Investment Bank (EIB) invested USD 16.99 million in Eggtronic's innovative technologies, a company based in Italy that specializes in highly integrated mixed-signal controllers designed for high-performance wired and wireless power converters. Thus, this initiative aims to make a technological, ethical, and social impact, fostering advancements in the real estate market in Italy.
Finland is Expected to Show Steady Growth in the European Induction Charger Market
The induction charger industry in Finland is experiencing a notable upswing, propelled by the consistent growth of consumer electronics. As the demand for smartphones, tablets, and other electronic devices steadily rises across the country, there is a parallel surge in the need for efficient and convenient charging solutions.
The widespread adoption of consumer electronics has become a driving force behind the increased popularity of induction chargers, aligning with the evolving preferences of Finnish consumers who seek seamless and wireless charging options to complement their expanding array of electronic gadgets.
Competitive Landscape
The Europe induction charger market 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.
Europe 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
By Country
-
UK
-
Germany
-
France
-
Italy
-
Spain
-
Denmark
-
Netherlands
-
Finland
-
Poland
-
Sweden
-
Norway
-
Russia
-
Rest of Europe
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 243.42 Million |
|
Revenue Forecast in 2030 |
USD 768.91 Million |
|
Growth Rate |
CAGR of 17.2% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Countries Covered |
12 |
|
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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