Wireless charging Market Industry Size, Global Trends, Growth, Opportunities, Ma
Posted by Faraz on February 4th, 2020
Wireless charging Market is expected to grow at a considerable rate during the forecast period 2019-2025. Wireless charging is increasingly gaining popularity in the market from the last few years. The Wireless charging are the devices that use an electromagnetic field to transfer the power using transmitter and receiver used to charge any devices such as a Smartphone, wearables devices, power tools, computing devices, robots, and vehicle. The market is dominated by inductive and resonant Wireless charging and the charger can be of a static and mobile type. The wireless charging technology enables charging of multiple devices which are propelling factor for the growth of the market. Moreover, the adoption of wireless charging technology in an autonomous vehicle and the investment by private firms are accountable for the significant growth of global Wireless charging market.
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There are many companies that are significantly contributing in the global Wireless charging market such Samsung Electronics Co., Ltd., Exelium, Powermat Technologies Ltd., Humavox Ltd., Chargifi ltd, Drayson Technologies Ltd., iNPOFi, and so on.
The continuous research and development for wireless technology and technological advancement can create an opportunity for Wireless charging market in near future. Additionally, the government initiative for digitalization in emerging countries and the deployment of IoT and wearable devices will drive the market of wireless charging technology in near future.
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Geographically, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North American and European region has a significant share in the global Wireless charging market owing to the awareness regarding advanced technology and the high adoption of wearable devices. Additionally, the European Wireless charging market is also driven by the increasing usage of Smartphone and an autonomous vehicle. The adoption of wireless technology in various industries and the government smart city project is the driving factor for the Wireless charging market in Asia-Pacific region.
Global Wireless Charger Market Segmentation
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About the AuthorFaraz
Joined: November 26th, 2019
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