India Induction Charger Market is expected to reach USD 123.3 million by 2030

Growing adoption of smartphones and electronic devices and the presence of key companies are driving up demand for the India induction charger market during the forecast period.

India Induction Charger Market was valued at USD 45.23 million in 2023, and is predicted to reach USD 123.3 million by 2030, with a CAGR of 15.4% from 2023 to 2030, according to new research by Next Move Strategy Consulting.

India is the second-largest mobile phone manufacturer globally and the second-largest smartphone market globally, making it the fastest-growing smartphone market. Mobile phone production has increased from 60 million in 2015 to 310 million in 2022 at a CAGR of 26%. The surge in smartphone adoption creates substantial potential for wireless charging technologies.

The competitiveness in introducing a wide range of wireless chargers for the Indian population drives the market growth.

Recently, Stuffcool launched a new product, Stack, a foldable magnetic wireless charging station that can charge three gadgets wirelessly at once. It is compatible with MagSafe technology and can charge the latest magnetic wireless charging technology for the iPhone 12, 13, and 14 series.

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.

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According to the report, leading players in the India 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 India Induction Charger Market Report:

  • The information related to key drivers, restraints, and opportunities and their impact on the India 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 India induction charger market is provided in the report along with their competitive analysis.

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