Spain Induction Charger Market

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Spain Induction Charger Market by Power Output (5W to 15W, 16W to 30W, Above 30W), by Charging Standard (Qi Standard, AirFuel), and by Distribution Channel (E-Commerce or Online and Offline) – Opportunity Analysis and Industry Forecast 2024–2030

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 : RC1280

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Market Definition

Spain Induction Charger Market was valued at USD 20.77 million in 2023, and is predicted to reach USD 75.5 million by 2030, with a CAGR of 19.6% 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.

Technological Advancements Fuels Induction Charger Market Growth

Orange's launch of 5G Standalone (SA) in Spain, with improved coverage and capabilities, including low latency and support for more devices, is set to boost the induction charger industry by enhancing overall connectivity infrastructure and encouraging the growth of wireless charging solutions in the country.

In recent years, leading companies have extended their efforts to enhance the availability of wireless charging across Spain, paving the way for a promising future in the industry. Initiatives such as Qualcomm's Quick Charge for Wireless Power and Qi interoperability in 2019 have transformed the induction charger sector, facilitating rapid and efficient wireless charging. This breakthrough is accelerating the wireless charging market.

 

Growing adoption of Electric Vehicle (EVs) Adoption Powers Induction Charger Market Expansion in Spain

The induction charger market in Spain is experiencing a significant boost from the escalating adoption of electric vehicles (EVs). With EVs gaining widespread popularity, there is a growing demand for efficient and wireless charging options, propelling the expansion of the induction charger market.

As consumers increasingly embrace electric vehicles for their eco-friendly attributes, the need for convenient and rapid charging solutions becomes paramount. This surge in EV adoption acts as a catalyst, driving the market's growth as it aligns with the evolving preferences and sustainability goals of consumers in Spain.

The Standardization of Wired Chargers Hinders the Growth of the Induction Charger 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.

 

Introduction of Qi v2.0 Standard for Wireless Charging Creates Ample Opportunity

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 benchmark for 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.

 

Competitive Landscape

The Spain 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.

Spain Induction Charger Market Key Segments

By Power Output        

  • 5W to 15W

  • 16W to 30W

  • Above 30W            

By Charging Standard        

  • Qi Standard

  • AirFuel

By Distribution Channel

  • E-Commerce or Online

  • Offline

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 20.77 Million

Revenue Forecast in 2030

USD 75.5 Million

Growth Rate

CAGR of 19.6% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Technological Advancements Fuels Induction Charger Market Growth

  • The increasing adoption of electric vehicles (EVs)

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.

KEY PLAYERS

  • 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.

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Frequently Asked Questions

According to the report published by the Next Move Consulting, the Spain induction charger market business is expected to hit at $75.5 million (USD) by 2030.

The Spain 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.

The Spain induction charger market share is segmented on the basis of power output, charging standard and distribution channel.

The Spain induction charger market is expanding due to the launch of Orange's 5G Standalone and the increasing adoption of electric vehicles (EVs).

The extensive embrace of USB Type-C connectors in wired chargers poses a considerable obstacle to the induction charger market.

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