Europe Wireless Charging Market Overview
The Europe Wireless Charging Market was valued at USD 1.87 billion in 2023 and is anticipated to expand significantly, reaching USD 6.06 billion by 2030. This represents a robust compound annual growth rate (CAGR) of 18.30% from 2023 to 2030.
Request A Free Sample Report:https://www.stellarmr.com/report/req_sample/europe-wireless-charging-market/2327
Market Dynamics:
Technological Advancements and Consumer Demand: Wireless charging technology has evolved to allow devices to be charged without physical cables, utilizing electromagnetic fields for energy transfer. The proliferation of electronic devices such as smartphones, tablets, and wearables has increased demand for convenient and efficient charging solutions. The appeal of wireless charging lies not only in its convenience but also in its enhanced safety compared to traditional cable-based methods, which reduces the risk of electrical shocks and fire hazards.
Impact of Electric Vehicles (EVs): Europe’s growing adoption of electric vehicles is a significant driver for the wireless charging market. The region, being the second-largest EV market globally, with 1.5 million units shipped and a 34% year-on-year growth, is a major contributor to this trend. Leading automakers such as BMW, Hyundai, and FAW are actively developing wireless charging solutions. This shift is supported by investments from major automotive OEMs and suppliers, facilitating the expansion of wireless EV charging infrastructure.
Integration with Everyday Life: The integration of wireless charging technology into everyday items like furniture and public infrastructure is opening new avenues for market growth. Initiatives by the European Commission, including Horizon Europe and other smart city projects, are fostering innovation in wireless charging technology. These initiatives focus on circular design, sustainability, and the incorporation of digital solutions, aligning with the broader goals of environmental sustainability.
Healthcare Sector Adoption: The healthcare industry is increasingly utilizing wireless charging for medical devices, which offers sterilized and contact-free power solutions. This trend is expected to drive further growth in the wireless charging market as healthcare facilities upgrade their systems to smart technologies.
Smart City Initiatives: Europe’s commitment to developing smart cities presents a significant opportunity for wireless charging technologies. Integrating these systems into urban infrastructure, such as public transport and street furniture, supports the transition to more sustainable and convenient energy solutions. Key EU programs, including BRIDGE, BUILD UP, and the Covenant of Mayors for Climate and Energy, are promoting advancements in this area.
Explore the study further by clicking this link:https://www.stellarmr.com/report/req_sample/europe-wireless-charging-market/2327
Europe Wireless Charging Market Segmentation
By Component:
Transmitters
Receivers
Others
By Technology:
Inductive
Resonant
Radio Frequency
Others
By Industry Vertical:
Automotive
Consumer Electronics
Industrial
Healthcare
Aerospace and Defence
Others
By Country:
United Kingdom
France
Germany
Italy
Spain
Sweden
Russia
Rest of Europe
Europe Wireless Charging Market Key Players
ZenS B.V (Netherlands)
Mouser Electronics Europe (Germany)
NXP Semiconductors (Netherlands)
Qualcomm Inc. (USA)
Broadcom Corporation (USA)
Toshiba Corporation (Japan)
ROHM Co. Ltd. (Japan)
Analog Devices Inc. (USA)
WÜRTHELEKTRONIK GMBH & CO. KG (Germany)
TDK Corporation (Japan)
Energizer Holdings, Inc. (USA)
Samsung Group (South Korea)
WiTricity Corporation (USA)
Others
Conclusion:
The Europe Wireless Charging Market is on a growth trajectory driven by technological advancements, increasing EV adoption, integration into everyday items, and smart city initiatives. While challenges remain, the overall outlook is positive, with substantial opportunities for innovation and market expansion.
Click here for full, in-depth details on this research:https://www.stellarmr.com/report/europe-wireless-charging-market/2327
Key questions answered in the Europe Wireless Charging Market are:
- What is Europe Wireless Charging?
- What was the Europe Wireless Charging market size in 2023?
- What is the growth rate of the Europe Wireless Charging Market?
- Which are the factors expected to drive the Europe Wireless Charging market growth?
- What are the different segments of the Europe Wireless Charging Market?
- What growth strategies are the players considering to increase their presence in Europe Wireless Charging?
- What are the upcoming industry applications and trends for the Europe Wireless Charging Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Europe Wireless Charging Market?
- What segments are covered in the Europe Wireless Charging Market?
- Who are the leading companies and what are their portfolios in Europe Wireless Charging Market?
- What segments are covered in the Europe Wireless Charging Market?
- Who are the key players in the Europe Wireless Charging market?
More Trending Reports:
Canada Carbon Neutral Market https://www.stellarmr.com/report/Canada-Carbon-Neutral-Market/238
Germany Carbon Neutral Market https://www.stellarmr.com/report/Germany-Carbon-Neutral-Market/241
Italy Carbon Neutral Market https://www.stellarmr.com/report/Italy-Carbon-Neutral-Market/250
France Carbon Neutral Market https://www.stellarmr.com/report/France-Carbon-Neutral-Market/253
Australia Cleanroom Technologies Market https://www.stellarmr.com/report/Australia-Cleanroom-Technologies-Market/564
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
Comments (0)