Finland Induction Charger Market

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Finland 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

Finland Induction Charger Market was valued at USD 15.48 million in 2023, and is predicted to reach USD 67.7 million by 2030, with a CAGR of 22.6% 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.

Increasing adoption of Consumer Electronics fuels Induction Chargers Market Growth

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.

According to the estimates of UNCTAD, between 2023 and 2028, Finland's e-commerce penetration rate is predicted to climb a significant 16.8% point, reaching a staggering 93% by the end of the decade. This consistent upward trend reflects the ongoing digital transformation of Finnish retail.

 

Local Companies Fuel Market Growth with Diverse Wireless Chargers for Consumer Electronics

The market for wireless chargers is experiencing substantial growth, courtesy of the active involvement of local companies in Finland. These companies are deeply committed to manufacturing wireless chargers tailored for a diverse array of consumer electronics items.

This robust local production not only meets the increasing demand for convenient charging solutions but also fosters market expansion. The presence of such innovative and versatile wireless charging solutions, designed and produced locally, contributes significantly to the overall growth and competitiveness of the market in Finland.For example, Deltaco Baltic, a Finnish consumer electronics company, offers wireless chargers for table lamps that charge 10W speed and are available at USD 77.52 on e-commerce platforms.

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 Finland 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.

Finland 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 15.48 Million

Revenue Forecast in 2030

USD 67.7 Million

Growth Rate

CAGR of 22.6% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • The consistent growth of consumer electronics industry.

  • The active involvement of local companies in the industry.

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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Frequently Asked Questions

According to the report published by the Next Move Consulting, the Finland induction charger market business is expected to hit at $67.7 million (USD) by 2030.

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

The Finland induction charger market is expanding due to the consistent growth of consumer electronics and active involvement of local companies.

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

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