Asia-Pacific 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

Asia-Pacific 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

Asia-Pacific Induction Charger Market was valued at USD 274.30 million in 2023, and is predicted to reach USD 721.10 million by 2030, with a CAGR of 14.2% from 2024 to 2030.

The extensive embrace of smartphones and electronic devices throughout the region has generated a significant need for wireless charging solutions. This upswing in device ownership is a direct catalyst for the growing prevalence of induction chargers. Furthermore, the incorporation of wireless charging features in public spaces like cafes, airports, and commercial establishments amplifies the convenience and utility of induction chargers, actively promoting their widespread adoption.

However, 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.

On the other hand, 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, its superior charging speed compared to most wireless chargers makes it more attractive, especially for users who want fast charging.

On the other hand, the launch of Qi v2.0, the latest wireless charging standard, is poised to impact the induction charger industry significantly. It offers enhanced features such as magnetic attachment, fast charging speed, higher efficiency, and greater convenience.

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 is expected to simplify the market and enhance universal compatibility.

China Holds the Dominant Market Share in the Asia-Pacific Induction Charger Market

The competitive landscape of China's induction charger industry is driven by major players, including Anker Innovations, Xiaomi, Oppo, and Infinix, among others. Renowned for tech expertise, they shape trends in compact charging solutions, reflecting China's role as an electronic innovation hub. In January 16, 2024 , Infinix launched ""All-Round FastCharge"" with 260W and 110W options, setting new standards. This innovation targets fast-charging demand in key markets, including Canada, the US, Europe, the UK, and Australia.

Segment Overview

The Asia-Pacific Induction Charger industry is segmented on the basis of power output, charging standard, and distribution channel.
• By power output, the market is segmented into 5W to 15W, 16W to 30W, and above 30W.
• By charging standard, the market is divided into Qi standard and AirFuel.
• By distribution channel, the market is classified into e-commerce or online and offline.

Key Market Players

The key players in the Asia-Pacific Induction Charger market research include companies 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.
• Aukey Corporation Limited.

KEY BENEFITS
• The Asia-Pacific Induction Charger market report provides a quantitative analysis of the current market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the market trends, including current and future trends for depicting prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the Asia-Pacific Induction Charger market is provided in the report.
• The competitive analysis of the market players along with their market share in the Asia-Pacific Induction Charger market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.