Canada 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
Canada Induction Charger Market was valued at USD 14.93 million in 2023, and is predicted to reach USD 47.5 million by 2030, with a CAGR of 17.3% from 2024 to 2030.
The growing adoption of smartphones, earphones, laptops, and various electronic devices is driving the expansion of the wireless charging sector in Canada. The increasing preference for smartphones in the country is attributed to their multiple advantages over older phone models, including advanced features such as high-quality cameras, extensive data storage capacities, and sophisticated charging capabilities.
In the latest study conducted by Statistics Canada, 43% of Canadians said they checked their smartphone at least every 30 minutes. As for younger Canadians, 71% of those between 15 and 24 years of age checked their smartphone at least every 30 minutes, with 17% checking their phone every 5 minutes. The data from Statistics Canada points towards a promising future for the induction charger industry in Canada, driven by the high and frequent smartphone usage among Canadians, particularly young generations.
By focusing on convenience, addressing price barriers, and expanding accessibility, manufacturers can capitalize on this trend and establish induction charging as a preferred charging method for Canadians.
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.
Segment OverviewThe Canada 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 PlayersThe key players in the Canada 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 Canada 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 Canada Induction Charger market is provided in the report.
• The competitive analysis of the market players along with their market share in the Canada 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.