Wireless Charging Technology
Description
The wireless charging technology market in India is undergoing a transformative phase, propelled by technological advancements, increasing consumer demand for convenient charging solutions, and a surge in the adoption of electric vehicles. The increasing penetration of electric vehicles, coupled with the rising demand for smart homes and connected devices, presents a vast market for wireless charging solutions. Strategic partnerships between technology companies and automotive manufacturers, coupled with research and development investments, are crucial in unlocking the full potential of this burgeoning market.
Market insights:
In FY 2023, the global wireless technology market was valued at INR 2,158.85 Bn. It is expected to reach INR 5,553.48 Bn in FY 2028, expanding at a compound annual growth rate (CAGR) of ~21.47% during the FY 2024 – FY 2028 period.
Wireless charging technology has emerged as a game-changer in the realm of electronic devices and electric vehicles. The convenience offered by cable-free charging solutions, coupled with the burgeoning electric vehicle market in India, is driving the rapid adoption of wireless charging technology. As the nation pushes towards sustainable energy practices and reduced carbon emissions, wireless charging plays a pivotal role in shaping the future of the power ecosystem.
Despite these positive developments, the wireless charging technology market in India faces challenges such as standardization issues, interoperability concerns, and the need for robust infrastructure. Overcoming these challenges requires collaborative efforts from industry stakeholders, regulatory bodies, and technology providers to establish a uniform ecosystem that ensures compatibility and reliability.
Key trends and growth opportunities:
The Indian government's initiatives, such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, are instrumental in creating an environment conducive to the growth of wireless charging technology. Integration of wireless charging infrastructure in public spaces, commercial establishments, and residential complexes is gaining momentum, fostering the seamless transition to electric mobility.
Furthermore, the advent of 5G technology and the Internet of Things (IoT) is expected to catalyse the demand for wireless charging, creating new avenues for innovation and market expansion. The convergence of these technologies is set to redefine the way electronic devices and vehicles are powered, offering unprecedented efficiency and convenience.
Market insights:
In FY 2023, the global wireless technology market was valued at INR 2,158.85 Bn. It is expected to reach INR 5,553.48 Bn in FY 2028, expanding at a compound annual growth rate (CAGR) of ~21.47% during the FY 2024 – FY 2028 period.
Wireless charging technology has emerged as a game-changer in the realm of electronic devices and electric vehicles. The convenience offered by cable-free charging solutions, coupled with the burgeoning electric vehicle market in India, is driving the rapid adoption of wireless charging technology. As the nation pushes towards sustainable energy practices and reduced carbon emissions, wireless charging plays a pivotal role in shaping the future of the power ecosystem.
Despite these positive developments, the wireless charging technology market in India faces challenges such as standardization issues, interoperability concerns, and the need for robust infrastructure. Overcoming these challenges requires collaborative efforts from industry stakeholders, regulatory bodies, and technology providers to establish a uniform ecosystem that ensures compatibility and reliability.
Key trends and growth opportunities:
The Indian government's initiatives, such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, are instrumental in creating an environment conducive to the growth of wireless charging technology. Integration of wireless charging infrastructure in public spaces, commercial establishments, and residential complexes is gaining momentum, fostering the seamless transition to electric mobility.
Furthermore, the advent of 5G technology and the Internet of Things (IoT) is expected to catalyse the demand for wireless charging, creating new avenues for innovation and market expansion. The convergence of these technologies is set to redefine the way electronic devices and vehicles are powered, offering unprecedented efficiency and convenience.
Table of Contents
56 Pages
- Chapter 1: Executive summary
- Chapter 2: Socio-economic indicators
- Chapter 3: Introduction
- 3.1. Market definition and structure
- 3.1.1. Wireless charging (based on technology)
- 3.1.2. Wireless charging (based on standards)
- 3.1.3. Major products and companies involved in the wireless charging market
- 3.1.4. Summary of current market-relevant technologies
- 3.1.5. Wireless charging technology ─ Based on power standards
- Chapter 4: Global wireless charging technology market overview
- 4.1. Market size and growth forecast (FY 2022 ─ FY 2028e)
- Chapter 5: Market opportunities
- 5.1. Future of wireless charging technology in India
- 5.1.1. New opportunities promoting wireless charging technology in the country
- Chapter 6: Business model
- 6.1. Business model
- Chapter 7: Government policies
- 7.1. Central government policies
- Chapter 8: Market trends
- 8.1. Key market trends’ analysis
- Chapter 9: Market influencers
- 9.1. Market drivers
- 9.2. Market challenges
- Chapter 10: Competitive landscape
- 10.1. Ambrane India Private Limited
- Company information
- Business description
- Products/Services
- Key people
- Note: Similar information has been covered for the other companies on a best-effort basis
- companies.
- 10.2. Callmate India Private Limited
- 10.3. Dash Dynamic Private Limited
- 10.4. Samsung India Electronics Private Limited
- 9.5. Simactricals Private Limited
- 9.6. Shree Sant Kripa Appliances Private Limited (Syska)
- 9.7. Xiaomi Technology India Private Limited
- 9.8. Statiq Private Limited
- 9.9. Tesco Charge Zone Limited (ChargeZone®)
- 9.10. Yonix Technologies Private Limited
- Chapter 11: Recent developments
- 11.1. Recent developments
- Chapter 12: Appendix
- 12.1. Research methodology
- 12.2. About Netscribes
- 12.3. Disclaimer
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
