Press release
Growth of Wireless Charging Market Forecast to 2024 in a Newly Released Report Profiling Energizer Holdings, Inc. (St. Louis, U.S.), Integrated Device Technology, Inc. (U.S.), Leggett & Platt (U.S.), Murata Manufacturing Co., Ltd. (Japan), Qualcomm Incorp
Wireless charging involves charging of rechargeable batteries without physically connecting the cables. Wireless charging solutions are used across various applications such as consumer electronics, industrial, medical, automotive and defence. This technology enables multiple charging outputs for various devices at the same time. There are no restrictions on the positioning of these devices along with the liberty of using any device of any brand to be charged.
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Major Key Player:-
Convenient Power HK Limited (Hong Kong)
Energizer Holdings, Inc. (St. Louis, U.S.)
Integrated Device Technology, Inc. (U.S.)
Leggett & Platt (U.S.)
Murata Manufacturing Co., Ltd. (Japan)
Powerbyproxi ltd (New Zealand)
Powermat Technologies (Israel)
Qualcomm Incorporated (U.S.)
Texas Instruments Incorporated (U.S.)
WiTricity Corporation (U.S.)
The growing penetration of mobile devices, and increasing adoption of smart and connected devices has increased the adoption of wireless charging. The wireless charging market is also influenced by the rise in demand for mobile devices and other electronic consumer goods such as tablets, laptops and wearables. The increasing adoption of electric vehicles also accelerates the adoption of wireless charging. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and increasing adoption of smart homes would provide growth opportunities for the market in the coming years
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Wireless Charging Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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Asia-Pacific generated the highest revenue in 2017 owing to increasing penetration of mobile devices and presence of established automotive industry in this region. The increasing trend of IoT, and growing demand for smart technologies drive the market growth in the region. The increasing penetration of electric vehicles in the region boost the adoption of wireless charging solutions.
Competitive Landscape
The global wireless charging market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
Complete Report is Available at @ https://www.polarismarketresearch.com/industry-analysis/Wireless-Charging-Market/
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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Corporate Sales, USA
Polaris Market Research
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