Wireless Charging Market Size, Share, Trends, Industry Analysis, Industry Analysis and New Market Opportunities 2033

Posted by Ashish on February 9th, 2023

A market research study named "Wireless Charging Market - Global Industry Analysis 2014 - 2018 and Opportunity Assessment 2019 - 2029" was just released by Persistence Market Research. The emphasis placed by the major market participants on research and development of better wireless charging infrastructure, as well as government laws to support the adoption of electric vehicles, is a prominent trend in the wireless charging industry.

During the projected period, 2019-2029, the global wireless charging market is anticipated to expand rapidly at a remarkable CAGR of more than 23%. This expansion is related to the widespread adoption of environmentally friendly and energy-efficient electrical technologies.

Parallel to this, industry participants in the wireless charging market have placed a strong emphasis on R&D operations for the creation of novel products and to enhance the manufacturing process in order to reduce operational costs.

Inductive Charging Remains Preferred Technology Type

The global wireless charging market is estimated to offer a total incremental opportunity worth nearly US$ 40,000 Mn during the forecast period of 2019 to 2029. In the global wireless charging market report, Persistence Market Research has segmented the global wireless charging market by component, application, technology, and region. Inductive charging technology for wireless charging is a prominent segment in the global wireless charging market, and is expected to remain prominent throughout the forecast period as compared to the resonant inductive charging and other technologies.

Based on component, the global study of wireless charging has been segmented as transmitters and receivers. With the increasing efficiency of wireless charging, and the advancement of technology providing opportunistic charging, the market demand for transmitters is increasing significantly.

Disconnected from plugs and wires, and having opportunities to charge the charging devices anywhere, anytime, are the reasons behind the growth of the transmitters sub-segment. Due to such factors, the transmitters sub-segment is expected to be a prominent area in the wireless charging market and will create new business opportunities for the wireless charging technology providers.

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