Pune, India, April 2021, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the GlobalWireless Phone Chargers Market.
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The global wireless phone chargers market size is projected to be valued atUSD3.5 billionby 2028 at a CAGR of4.2%between 2021 and 2028.Wireless charging is the process of transferring power from a power outlet to the device without using the cable. The growing demand for smartphones and technological innovations by smartphone manufacturers support the growth of the global wireless phone chargers market. Europe&Asia Pacific markets witness the increasing demand for wireless phone chargers among the consumers.The wireless phone chargers market has registered tremendous growth in the past few years, and the same trend is expected to continue during the forecast period.The key players in the market have been responsive to shifting consumer preferences and are focused on strategic acquisitions, product launches, and partnerships. For instance, on 7 January,PopSockets announced the product launch of a home charger, powered by NuCurrent, at the consumer electronics show.All the factors are anticipated to create substantial growth opportunities for the growth of the global wireless phone chargers market.
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Market USP
Consumer preference toward wireless connectivity such as wireless phone chargers
Growth Opportunities in the Market
Increase in demand for magnetic induction technology phone chargers:Increase indemand for wireless phone chargers among consumers has supported the growth of magnetic induction technology in wireless phone chargers.
Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register ahigher growth rate during the forecast period. Manufacturers of wireless phone chargers are inclined toward non-store-based distribution channels for the sale of their products. Companies are opting for online distribution platforms as they extend their consumer reach.
Key Players