Europe Wireless Charging Market Overview (2024-2030)
The Europe Wireless Charging Market was valued at USD 1.87 billion in 2023 and is projected to grow to USD 6.06 billion by 2030, registering a CAGR of 18.3% during the forecast period. Wireless charging allows devices to be powered without physical cables by utilizing electromagnetic fields for energy transfer between a transmitter (charging pad) and receiver (device). The market is expanding rapidly due to the rising use of smartphones, tablets, electric vehicles (EVs), and other portable devices that require regular, convenient charging solutions.
Key Drivers of Market Growth
- Increased Demand for EV Charging Infrastructure:
- Europe is the second-largest EV market, with 1.5 million units shipped in 2023, marking a 34% year-on-year growth.
- EVs now account for over 19% of vehicle sales in Europe, with countries like Germany leading adoption.
- The demand for wireless EV charging solutions is growing as automakers such as BMW, Hyundai, and Volvo collaborate with suppliers to develop advanced wireless charging infrastructure.
- Public Spaces and Smart Cities Adoption:
- Wireless charging stations are being integrated into airports, restaurants, and public spaces, improving convenience and reducing the risks of electrical shocks or fire.
- Smart city initiatives in Europe, such as CIVITAS and EIT Urban Mobility, are supporting the adoption of wireless charging infrastructure in urban areas.
- Automotive Sector Revolution:
- Key automakers, including Jaguar, Renault, and Tesla, are investing in wireless charging for fleets and luxury passenger vehicles.
- Commercial fleets using wireless charging reduce operational costs through opportunistic charging, allowing for smaller batteries and longer service times.
- Integration with Furniture and Public Infrastructure:
- Wireless charging is increasingly being integrated into furniture, street furniture, and public transportation infrastructure, enhancing the user experience.
- European initiatives focusing on circular economy and sustainability—such as the Horizon Innovation Actions—encourage eco-friendly wireless charging technologies.
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Challenges and Market Fragmentation
- Lack of Unified Standards:
Multiple competing wireless charging standards create market fragmentation and hinder widespread adoption. Compatibility issues between devices and charging stations create uncertainty for manufacturers and consumers. - High Cost of Wireless Charging Infrastructure:
Wireless charging stations, especially for EVs and industrial robots, remain expensive, slowing down adoption in cost-sensitive regions like Italy and Spain.
Market Segmentation
- By Component:
- Transmitters
- Receivers
- Others
- By Technology:
- Inductive Charging
- Resonant Charging
- Radio Frequency Charging
- Others
- By Industry Vertical:
- Automotive: Largest segment due to rising EV adoption.
- Consumer Electronics: Growth driven by wireless-enabled smartphones and wearables.
- Industrial: Fastest-growing segment, driven by wireless charging for robots.
- Healthcare: Wireless charging for medical devices offers sterilized, contact-free power solutions.
- Aerospace and Defence: Adoption of wireless charging for autonomous systems and equipment.
- Country Scope:
- Germany: Holds the largest market share due to its robust automotive sector and investments in electric mobility.
- United Kingdom, France, Italy, Spain, Sweden, and Russia: These countries are expanding their EV and smart infrastructure investments.
Key Players in the Europe Wireless Charging Market
- 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)
Opportunities and Future Outlook
- Healthcare Industry:
The demand for wireless charging in medical devices is rising, enhancing patient care through sterilized, contact-free power solutions. - Urban Mobility Initiatives:
Programs like BRIDGE and CIVITAS are accelerating wireless charging adoption by promoting clean energy in urban infrastructure. - Higher Power Levels:
Advancements in 30W, 40W, and higher power wireless charging solutions enable faster charging, improving user convenience.
For a closer look at the data, click here:More Details@https://www.stellarmr.com/report/req_sample/europe-wireless-charging-market/2327
Conclusion
The Europe Wireless Charging Market is experiencing rapid growth, driven by increased EV adoption, smart city initiatives, and integration of wireless technology into furniture and public spaces. However, challenges related to standardization and infrastructure costs remain. With ongoing investments from automakers and technology suppliers, Europe is set to witness significant advancements in wireless charging technology, positioning it as a critical component in the region’s sustainability and digital transformation efforts.
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- 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
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