Wireless Charging Market Share, Drivers, Opportunities near Future

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MarketsandMarkets Presents

Wireless Charging Market Share, Drivers,
Opportunities near Future Wireless Charging
Market by Implementation (Transmitters,
Receivers), Technology (Magnetic Resonance,
Inductive, Radio Frequency), Application
(Consumer Electronics, Healthcare, Automotive),
and Region (2021-2026) https//www.marketsandmark
ets.com/Market-Reports/wireless-charging-market-64
0.html
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The global wireless charging market is estimated
to be USD 4.5 billion in 2021 and projected to
reach USD 13.4 billion by 2026, at a CAGR of
24.6 between 2021 and 2026. The growing
adoption of wireless technologies in consumer
electronics industry, and growing sales of
electriv vehicles (EV) are few of the primary
factors driving market growth. Moreover, increase
in use of wireless technology to charge warehouse
trucks will create huge opportunities for
wireless chargers in near future. Browse 112
market data Tables and 48 Figures spread through
167 Pages and in-depth TOC on "Wireless Charging
Market - Global Forecast to 2026"
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Transmitters market is expected to grow at
higher CAGR during forecasted period The
transmitters market is expected to grow at higher
CAGR owing to the growth of new innovation by the
startup players in the market. For instance, FLI
Charge, a US-based startup, is offering wireless
charging technology-based devices that comprise
conductive modules and powered surfaces. These
devices are suitable for charging smartphones and
other consumer electronics, as well as low
energy-consuming medical and industrial
devices. Ask PDF Brochure https//www.marketsand
markets.com/pdfdownloadNew.asp?id640 Magnetic
Resonance technology market for wireless charging
is one of the fastest growing segment during
forecasted period Magnetic resonance is a
wireless charging method for objects requiring a
large amount of power - up to 11kW. This wireless
charging method is used to charge multiple
devices from the same charger. It is the most
versatile wireless charging method and used for
objects such as electric cars, laptops,
computers, and vacuum cleaners.
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APAC region is expected to record the highest
CAGR during the forecast period The market in
APAC region is expected to record the highest
growth rate from 2020 to 2026, due to the
presence of developing countries such as India
and China. The region is a major raw material
manufacturing hub for consumer electronics,
automotive, and healthcare applications. However,
due to the COVID-19 outbreak, various countries
announced lockdowns that halted production
activities, disrupted supply chain activities,
and resulted in revenue losses. This impacted
various markets in the APAC region, including the
wireless charging market, in 2020. Request Free
Sample Pages https//www.marketsandmarkets.com/re
questsampleNew.asp?id640 Key Market Players The
wireless charging players have implemented
various types of organic as well as inorganic
growth strategies, such as new product launches,
contracts, partnerships and, business expansions,
to strengthen their offerings in the market.
Energizer Holdings, Inc. (US), Ossia Inc. (US),
Samsung Group (South Korea), WiTricity
Corporation (US), Evatran Group (US), Leggett
Platt (US), Energous Corporation (US), Powermat
(Israel), Momentum Wireless Power (US), Powercast
Corp. (US), Elix Wireless (Canada), and Zens
(Netherlands).
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Opportunity Use of wireless technology to charge
warehouse trucks Charging the complex batteries
of warehouse trucks during the working cycle is a
time-consuming process. Some batteries do not
supply full power once they reach 50 depletion,
resulting in partial charging of the device. Many
operators maintain complex charging schedules to
escape utility cost fines during peak hours. In
order to overcome these issues, an inductive
battery charging system is used for vehicle
fleets it can be installed in the warehouse
environment without the need for extensive
space-consuming infrastructure, and helps
increase the productivity of logistics up to 30.
Wireless charging helps maintain the batteries of
warehouse trucks at a steady level. Challenge
Expensive infrastructure needed for dynamic
charging The development of the wireless charging
system for electric vehicles (EV) is at the
emerging phase of its market cycle. Dynamic
wireless charging EVs use the wireless power
transfer technology. Vehicles can be charged by a
wireless charger fixed under the floor of the car
parking area. Charging can also be done through
the dynamic wireless charging process, while the
vehicles are in transit lanes. However, in the
dynamic wireless charging system, the battery and
charging infrastructure, known as the power
track, require a large initial investment.
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