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Global Wireless Phone Charger Industry Market is estimated to showcase a higher CAGR in the upcoming years. Wireless Phone Charger is a device that is employed to charge batteries of electronic items devoid of any wire or cable. The most striking aspect associated with the device is that it is user friendly in nature. Also, it has the potential to charge multiple devices together. It can be employed in varied devices ranging from laptop computers, cell phones, MP3 players, to electric cars.As the requirements for efficient and portable charging are increasing among the customers wireless technology has emerged significantly in the market. Also, the demands for portable devices has seen an upsurge that has eventually propelled the market growth. On account of significant demands and applications from varied sectors, Wireless Phone Charger is likely to gain huge traction across the globe.
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Market Drivers and Restraints:
Significant demands for smartphones, research and development activities, increasing efficiency of wireless charging devices and mounting applications have been recognized as the key factors that are projected to drive the Wireless Phone Charger Industry market in the forecast period. Also, factors such as technological innovations, augmented disposable income, adoption of portable electronics, and rising benefits of the product are likely to contribute greatly to the market growth.
Moreover, the manufacturers are taking up prominent strategies such as collaborations, merger and acquisitions, and joint ventures that are likely to foster the market growth in the coming years.
However, improper implementation of government regulations, slow charging speed, compatibility issues, and low awareness level among the end users might affect the Wireless Phone Charger market growth in the years to come. Also, lack of proper standards can also act as a major restraint to the market growth.
The Wireless Phone Charger Industry Market could be categorized based on product type, application, and geography.
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In The News:
As per the news, Belkin Inc wants to introduce wireless charging to mainstream in India. Since, India is a major market for mobile and smartphones, it is a large hub for mobile accessories too. Therefore, Belkin wishes to head to Indian market and introduce wireless charging solutions.
Product segment analysis for Wireless Phone Charger Industry Market include:
• Inductive
• Radiation
• Laser Technology
Application segment analysis for Wireless Phone Charger Industry Market include:
• Consumer Electronics
• Automotive
• Industrial
• Defense
• Healthcare
Geographical segmentation for Wireless Phone Charger Industry Market includes
• North America
• Europe
• China
• Japan
• Southeast Asia
• India
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You will find following details in this report:
In the Global Wireless Phone Charger Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023.
Prominent companies promoting the Wireless Phone Charger Industry Market are:
• ConvenientPower HK Ltd.
• Integrated Device Technology Inc.
• Powermat Technologies Ltd.
• Qualcomm Incorporated
• Texas Instruments Incorporated
• WiTricity Corporation
• Leggett and Platt Inc.
• Murata Manufacturing Co. Ltd.
• PowerbyProxi Ltd.
• Energizer Holding, Inc.
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