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.
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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.
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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.
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Key questions answered in the Europe Wireless Charging Market are:
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