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Wireless Charging Market Share, Drivers, Opportunities near Future

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.

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Wireless Charging Market Share, Drivers, Opportunities near Future

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  1. 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.marketsandmarkets.com/Market-Reports/wireless-charging-market-640.html

  2. 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"

  3. 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.marketsandmarkets.com/pdfdownloadNew.asp?id=640 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.

  4. 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/requestsampleNew.asp?id=640 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).

  5. 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.

  6. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  7. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/wireless-charging.asp

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