European Wireless Charger Market Size, Share & Trends Analysis Report by Technology (Inductive Coupling, Magnetic Resonance, and Radio Frequency Radiation), by Mobility (Static Wireless Charger and Mobile Wireless Charger) and by Application (Portable Electronic Devices, Automobile, Healthcare, and Others) and Forecast, 2019-2025.
The European wireless charger market is estimated to grow modestly, at a CAGR of 32.3%, during the forecast period. The growth is mainly driven by the growing demand for advanced technology in the consumer electronics industry along with the growing penetration of smartphones in the region. In the near future, the market in Europe will be benefited from extensive demand from the electric vehicle industry owing to the growing sales of electric vehicles in the region. In Europe, Norway, Germany, UK, and France has observed remarkable electric vehicle sales in 2018.
Germany, France, and UK also generated electric car sales in both BEV and PHEV. Hence, creating demand for charging infrastructure in new and renovated buildings in the region, hence creating demand for the wireless charger market. Europe is home to various leading automotive companies such as BMW Group, Daimler, Fiat Chrysler Automobiles, Opel Group, PSA Group, Renault Group, Volkswagen Group, and Volvo Group. Several automakers are known to be exploring the potential for wireless EV charging. BMW and Volkswagen now offer wireless charging in BEV models such as BMW i3 and Volkswagen e-Golf. Car manufacturers are focusing on BEVs due to stringent government regulations to reduce rising carbon emission in Europe. Increasing BEV sales and government support are expected to drive the wireless charger market in Europe.
The companies which are contributing to the growth of the European wireless charger market include Aircharge, BMW AG, Samsung Electronics Co., Ltd., Tesla Inc., and ZENS. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in January 2020, Aircharge united with McDonald's for deploying mobile phone wireless charging in Switzerland. The company also announced to launch wireless charging for mobile devices, with more projects in the pipeline in 2020.
Research Methodology:
The market study of the European wireless charger market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.
Market Segmentation:
1. European Wireless Charger Market Research and Analysis by Technology
2. European Wireless Charger Market Research and Analysis by Mobility
3. European Wireless Charger Market Research and Analysis by Application
The Report Covers:
The European wireless charger market is estimated to grow modestly, at a CAGR of 32.3%, during the forecast period. The growth is mainly driven by the growing demand for advanced technology in the consumer electronics industry along with the growing penetration of smartphones in the region. In the near future, the market in Europe will be benefited from extensive demand from the electric vehicle industry owing to the growing sales of electric vehicles in the region. In Europe, Norway, Germany, UK, and France has observed remarkable electric vehicle sales in 2018.
Germany, France, and UK also generated electric car sales in both BEV and PHEV. Hence, creating demand for charging infrastructure in new and renovated buildings in the region, hence creating demand for the wireless charger market. Europe is home to various leading automotive companies such as BMW Group, Daimler, Fiat Chrysler Automobiles, Opel Group, PSA Group, Renault Group, Volkswagen Group, and Volvo Group. Several automakers are known to be exploring the potential for wireless EV charging. BMW and Volkswagen now offer wireless charging in BEV models such as BMW i3 and Volkswagen e-Golf. Car manufacturers are focusing on BEVs due to stringent government regulations to reduce rising carbon emission in Europe. Increasing BEV sales and government support are expected to drive the wireless charger market in Europe.
The companies which are contributing to the growth of the European wireless charger market include Aircharge, BMW AG, Samsung Electronics Co., Ltd., Tesla Inc., and ZENS. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in January 2020, Aircharge united with McDonald's for deploying mobile phone wireless charging in Switzerland. The company also announced to launch wireless charging for mobile devices, with more projects in the pipeline in 2020.
Research Methodology:
The market study of the European wireless charger market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.
Market Segmentation:
1. European Wireless Charger Market Research and Analysis by Technology
2. European Wireless Charger Market Research and Analysis by Mobility
3. European Wireless Charger Market Research and Analysis by Application
The Report Covers:
- Comprehensive Research Methodology of the European wireless charger market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European wireless charger market.
- Insights about market determinants which are stimulating the European wireless charger market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aircharge
- Blue Inductive GmbH (Wiferion GmbH)
- BMW AG
- CHARGit Holdings Ltd.
- Mastercharge
- Oral B
- QiConnect Ltd.
- Samsung Electronics Co., Ltd.
- Tesla Inc.
- ZENS
