Europe 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

Europe 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

Europe Induction Charger Market was valued at USD 243.42 million in 2023, and is predicted to reach USD 768.91 million by 2030, with a CAGR of 17.2% from 2023 to 2030.

The escalating adoption of smartphones and electronic devices in Europe has sparked a surge in demand for wireless charging solutions. As consumers embrace a tech-centric lifestyle, the convenience and efficiency presented by induction chargers have become increasingly attractive.

Aligned with the evolving preferences of European consumers, this demand underscores a shift towards hassle-free and cable-free charging solutions. Induction chargers, providing a seamless and efficient charging experience, have thus become a preferred choice in meeting the contemporary needs of tech-savvy Europeans.

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.

Italy Holds the Dominant Market Share in the European Market

Increasing government support through funding amplifies overall research and development (R&D) and innovation within induction charger companies, propelling the industry's growth within the country. 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. Thus, this initiative aims to make a technological, ethical, and social impact, fostering advancements in the real estate market in Italy.

Segment Overview

The Europe 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 Europe 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 Europe 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 Europe Induction Charger market is provided in the report.
• The competitive analysis of the market players along with their market share in the Europe 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.