Global Wireless Phone Charging Market Size
The market for wireless phone charging was valued at US$11.9 billion in 2020 and is projected to grow at a compound annual growth rate of 20.9% to reach US$79.0 million by 2030.
Wireless charging allows charging equipment and devices that run on batteries without requiring a wired electrical power connection. It makes it possible to wirelessly transfer electrical charge from a node or charging device to the receiving device. Wireless charging technology is practical, dependable, and secure to power and charge electrical equipment. Furthermore, it offers advantages over conventional charging systems that are more affordable, effective, and secure by doing away with the need for physical wires and connectors. Furthermore, it maintains a constant power transfer to ensure that all gadgets—including heavy-duty equipment, smartphones, and portable industrial devices—are charged and ready for use.