The Europe Wireless Charging Market would witness market growth of 27.6% CAGR during the forecast period (2020-2026). Increased sales of electric vehicles (EVs), continuously changing demand for portable electronics and wearables, and regular need to harness environmental RF energy are expected to fuel the growth of the demand for wireless charging over the projected period. Nevertheless, the factors projected to impede market growth are expensive hardware for its integration and slower charging as opposed to other charging technologies. In addition, it is expected that extensive innovation in far-field wireless charging technologies and expanded Internet of Things (IoT) adoption would create lucrative prospects for future market growth.
Wireless charging is a simple way to power devices or electric vehicles without the use of cables and physical connectors. It's based on the Inductive Power Transfer (IPT) theory, which uses an electromagnetic field to transfer energy between two objects. Wireless charging comprises of two components: receivers and transmitters. Wireless charging also makes use of other devices such as resonance charging and RF technology. These innovations, however, constitute a relatively limited portion of the market.
Based on Technology, the market is segmented into Inductive, Resonant, Radio Frequency and Others. Based on End User, the market is segmented into Electronics, Industrial, Automotive, Healthcare and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Wireless Charging Market in Europe is expected to register a CAGR of 27.6% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Qualcomm, Inc., Texas Instruments, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Sony Corporation, Renesas Electronics Corporation (Integrated Device Technology, Inc.), Murata Manufacturing Co., Ltd., Leggett & Platt, Inc., ConvenientPower HK Limited, Powermat Technologies Ltd., WiTricity Corporation.
Market Segmentation:
By Technology
By End User
By Country
Companies Profiled
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