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NEW YORK, Aug. 3, 2021 /PRNewswire/ -- The burgeoning requirement for wireless charging in consumer electronic devices, such as smartphones, and medical instruments, and the expansion of the electric vehicle (EV) industry are some of the major factors fueling the sales of wireless chargers. Additionally, the rapid technological advancements being made in wireless charging devices for increasing the power transfer efficiency are predicted to fuel the growth of the global
wireless charging market during 2021–2030, from a value of $4.1 billion in 2020, according to P&S Intelligence.
The COVID-19 pandemic has negatively impacted the progress of the wireless charging market because of the temporary closing of retail stores and manufacturing facilities. Other factors, such as the imposition of social distancing protocols, absence of buyers, and disruptions in the supply chain, also affected the market growth considerably. However, the easing of the restrictions, opening of transportation systems and electronics industry, and the surging deployment of EVs are predicted to fuel a resurgence in the market in the coming years.