Global Magnetic Wireless Charging Pad Sales Market by Type (10W, 7.5W, Others), By Application (Online, Offline) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Magnetic Wireless Charging Pad Sales Market size is forecast to grow from $8.7 billion in 2021 to $10.6 billion by 2028, at a CAGR of 4.9% during the 2020-2028 period. The report includes an in-depth analysis of drivers and restraints for this market along with detailed information on trends, opportunities, and challenges that will impact the growth of the global magnetic wireless charging pad sales market over the next five years.

A magnetic wireless charging pad is a device that converts electric power into magnetic fields or electromagnetic waves, which can be used to transfer energy without the need for physical contact. The technology was initially developed in 1968 and patented by Michael Ioffe from Russia. It is designed as an alternative to wired charging methods such as cables, plugs, and connectors of electronics devices like laptops, tablets, etc., helping users keep their desk space organized while saving time on waiting for battery life to charge up while they are working on other tasks. Magnetic wireless charging pads use inductive coupling between a transmitter coil embedded within the charger (on either side) and receiver coils built inside the corresponding electronic device being charged - this enables them to transmit electricity wirelessly over distances up to a few centimeters.

On the basis of Type, the global magnetic wireless charging pad sales market is segmented into type-A, type-B, and others;

On the basis of Application, the global magnetic wireless charging pad sales market is segmented into online shopping, offline retail stores.

Online Shopping:

In online shopping, a magnetic wireless charging pad is a great way to provide the best customer experience. The reason for this is because it improves convenience for shoppers and offers a quicker turnaround time on order processing. In addition, these pads make sure that your customers are always buying safe products which minimize their fears of being scammed.

Online retailers who use magnetic wireless charging pads have better positioning in search engines as they can be found easier by the internet users when they type phrases like "magnetic phone charger". Thus, boosting their site traffic and conversion rates.

Offline Retail Stores:

Magnetic wireless charging pads are able to charge a smartphone wirelessly without the need of connecting any wires. This is especially useful for customers who would like to shop offline and then use their phone later in an online store or other application as needed. It can also be used on devices that do not have Qi support, since magnetic fields are capable of carrying power over short distances only up to about two inches from the pad surface.

In offline retail stores, a magnetic wireless charging pad is a great way to reach out to customers. This method has the potential of increasing foot traffic as well as attracting new shoppers into the store. Magnetic wireless chargers have also helped retailers in reaching more mobile device users.

On the basis of Region, the global magnetic wireless charging pad sales market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the entire globe followed by Europe. Increasing the use of mobile phones and internet access will be one trend that might lead to increased revenues over time from these markets.

Europe's magnetic wireless charging pad market is projected to register a CAGR of over 20% during the forecast period, 2019-2028. This growth can be attributed to increasing adoption rates for smartphones and other electronic gadgets among European consumers. In Europe, 30 million smartphone users are expected to migrate from wired chargers by 2020. Moreover, global sales volume increased due to rising investments in electric vehicles (EVs) that require batteries with more capacity. Consumer preference for these types of devices will boost the demand for high-frequency AC induction type battery chargers which in turn boosts the usage of magnetic wireless charging pads.

The Asia Pacific is anticipated to emerge as an emerging region that has possibilities for growth due to increasing wireless infrastructure investments in developing economies such as India and China. Asia is one of the biggest and fastest-growing markets for magnetic wireless charging pads. The growth in this market can be contributed to high smartphone adoption rates, with over half a billion smartphones sold every year and Asia being home to two-thirds of those sales as well as countries such as China that have adopted advanced systems like mobile payments which are now on track to become more prevalent than plastic cards by 2020.

Growth Factors For The Global Magnetic Wireless Charging Pad Sales Market:

The global magnetic wireless charging pad sales market is witnessing a huge growth in the upcoming years due to an increasing increase in the number of smartphones, smartwatches, and tablets. Furthermore, the increasing need for efficient power management is also one of the major growth factors. In addition to this, increased investments in R&D and manufacturing will be another key driver which can fuel the market demand over time. Moreover, improving literacy rates across developing countries such as India and China are expected to boost global magnetic wireless charging pad sales market revenue given their rising number of internet users.

Up Market Research published a new report titled “Magnetic Wireless Charging Pad Sales Market research report which is segmented by Types (10W, 7.5W, Others), By Applications (Online, Offline), By Players/Companies Nillkin, Mipow, Panasonic, Anker, Xiaomi, XVIDA, Samsung, Philips, LUXA2, Huawei, Shenzhen Gobay Electronics, ModTek Solution, PITAKA, Yoobao, Momax”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Magnetic Wireless Charging Pad Sales Market Report Segments:

The market is segmented by Type 10W, 7.5W, Others and By Application Online, Offline.

Some of the companies that are profiled in this report are:

1. Nillkin
2. Mipow
3. Panasonic
4. Anker
5. Xiaomi
6. XVIDA
7. Samsung
8. Philips
9. LUXA2
10. Huawei
11. Shenzhen Gobay Electronics
12. ModTek Solution
13. PITAKA
14. Yoobao
15. Momax

Magnetic Wireless Charging Pad Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Magnetic Wireless Charging Pad Sales Market

Overview of the regional outlook of the Magnetic Wireless Charging Pad Sales Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Magnetic Wireless Charging Pad Sales Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Magnetic Wireless Charging Pad Sales Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. 10W

                2. 7.5W

                3. Others

                1. Online

                2. Offline

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Magnetic Wireless Charging Pad Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Magnetic Wireless Charging Pad Sales Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.