China Induction Charger Market is expected to reach USD 145.5 million by 2030

The wireless charging R&D and the presence of key market players are driving up demand for the China induction charger market during the forecast period.

China Induction Charger Market was valued at USD 65.24 million in 2023, and is predicted to reach USD 145.5 million by 2030, with a CAGR of 11.5% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

China leads in wireless charging R&D, placing it at the forefront of the induction charger industry. It is known for its extensive manufacturing capacity and low labor costs and is poised to maintain its global electronics export dominance.

In 2021, the country accounted for 27.4% of the global electronics market, exporting USD 671.5 billion worth of devices such as smartphones and laptops.

This significant market share inherently shapes and propels China's wireless charger industry, as the demand for rapid and efficient charging solutions aligns with the nation's supremacy in electronic manufacturing.

However, the extensive popularity 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.

On the other hand, 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.

This new standard is expected to integrate the wireless charging industry, promoting smoother, faster charging and broader interoperability. As Qi v2.0 becomes the global benchmark for wireless charging, its adoption is expected to 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.

Request for a sample here: https://www.nextmsc.com/china-induction-charger-market/request-sample

According to the report, leading players in the China induction charger market include 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.

Key Insights from the China Induction Charger Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the China induction charger market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the China induction charger market is provided in the report along with their competitive analysis.

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