North America 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
North America Induction Charger Market was valued at USD 91.66 million in 2023, and is predicted to reach USD 320.71 million by 2030, with a CAGR of 18.9% from 2024 to 2030.
The induction charger market is experiencing robust growth in North America, propelled by the widespread adoption of smartphones and electronic devices. In the U.S., Canada, and Mexico, this surge is particularly evident. The introduction of the iPhone 15 and 15 Pro, which boast the Qi2 magnetic wireless charging standard in the U.S., has become a key driver for the flourishing induction charger industry. This latest advancement aligns with the increasing consumer demand for convenient and efficient charging solutions, contributing significantly to the market's upward trajectory.
However, 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 North America 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.
Regional Analysis
The U.S. Holds the Dominant Market Share in the North American Market
In the US market, inductive smartphone charging has garnered substantial popularity, with leading companies like Apple Inc., Belkin, and Hyper, among others, operating nationwide. The widespread adoption of the Qi standard has resulted in many smartphones being equipped with inductive charging capabilities.
This technology has seen widespread acceptance due to its convenience, allowing users to charge their devices without plugging in cables. Recently, Belkin revealed eight innovative products at Internationale Funkausstellung (IFA), featuring wireless charging pads, USB-C chargers, a Thunderbolt 4 hub, and specialized headsets. Available at various times on belkin.com and select retailers globally, these offerings prioritize eco-friendly construction using post-consumer recycled plastics. This move may influence the wireless charger industry, prompting a trend towards more environmentally conscious production methods in the induction charger market.
In addition, introducing the iPhone 15 and 15 Pro featuring the Qi2 magnetic wireless charging standard is a significant market driver for the induction charger industry. Qi2 represents an enhancement to the established Qi wireless charging standard by incorporating a ring of magnets designed to ensure precise alignment of charging coils during the charging process, akin to the MagSafe technology.
Key Market PlayersThe key players in the North America 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 North America 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 North America induction charger market is provided in the report.
• The competitive analysis of the market players along with their market share in the North America 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.