Wireless Charging Market Size Poised for Explosive Growth, Projected to Reach USD 147.25 Billion by 2030

Global Wireless Charging Market Set to Soar, Projected to Reach USD 147.25 Billion by 2030

The Global Traction Battery Market Size is on a trajectory of remarkable growth, with projections indicating a surge from USD 29.20 billion in 2023 to an impressive USD 147.25 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 26%.

Market Definition and Estimation
Wireless charging, also known as inductive charging, is a technology that enables the transfer of electrical energy from a power source to a consuming device without the need for physical connectors or cables. This process utilizes electromagnetic fields to transmit energy between two coils—one in the charging station (transmitter) and the other in the device (receiver). This technology has become increasingly prevalent across various sectors, including consumer electronics, automotive, healthcare, and industrial applications, due to its convenience and efficiency.
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