Industry: Retail and Consumer | Publish Date: 06-Dec-2024 | No of Pages: 100 | No. of Tables: 70 | No. of Figures: 35 | Format: PDF | Report Code : RC1313
Italy Induction Charger Market was valued at USD 29.49 million in 2023, and is predicted to reach USD 89.2 million by 2030, with a CAGR of 16.5% from 2024 to 2030.
The induction charger industry, part of the wider consumer electronics sector, is undergoing swift evolution and gaining recognition on the global technology front. This field is dedicated to advancing and spreading wireless charging technology, a method that enables the transmission of electrical power without relying on physical connectors or cables.
Fundamentally, the technology behind induction chargers is grounded in electromagnetic induction, employing an electromagnetic field to facilitate the transfer of energy between two objects – typically a charging pad and a compatible device.
Increasing government support through funding amplifies overall research and development (R&D) and innovation within induction charger companies, propelling the industry's growth. For example, the European Investment Bank (EIB) invested USD 16.99 million in Eggtronic's innovative technologies, a company based in Italy that specializes in highly integrated mixed-signal controllers designed for high-performance wired and wireless power converters. The investment will contribute to Eggtronic's R&D for marketing its technologies to businesses and consumers and will help foster the growth of this strategic sector in Italy to make a technological, ethical, and social contribution.
Einova's introduction of the second-generation wireless charging pad, which claims to be the world's fastest, is a notable market driver for the induction charger industry.
This growing innovation sets a new standard for charging speed and efficiency, catering to the increasing consumer demand for quick and reliable wireless charging solutions across Italy.
As consumers seek faster and more advanced charging options, developing high-speed wireless charging pads, as Einova showcases, will likely stimulate the adoption of induction chargers and drive growth in the market.
The extensive embrace 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.
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.
With the first Qi v2.0 certified devices, including Apple's iPhone 15 series and various power transmitters, expected to hit the market during Christmas, significant manufacturers, including Belkin, Mophie, Anker, and Aircharge, are gearing up with compatible products. Over 100 devices are already undergoing testing or certification for Qi v2.0.
This new standard is expected to unify the wireless charging industry, promoting smoother, faster charging and broader interoperability. As Qi v2.0 becomes the global benchmarkfor wireless charging, its adoption will likely 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.
The Italy induction charger industry includes several market players such as 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.
5W to 15W
16W to 30W
Above 30W
Qi Standard
AirFuel
E-Commerce or Online
Offline
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 29.49 Million |
Revenue Forecast in 2030 |
USD 89.2 Million |
Growth Rate |
CAGR of 16.5% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
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.
Aukey Corporation Limited.