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Wireless Charging Market worth $7.161 Billion by 2017

According to a new market research report “Wireless Charging Market (2012-2017) – Global Forecast and Analysis by Technology (Inductive, Magnetic Resonance, Radio Frequency (RF), Microwave, Optical Beam), Products (Pads and Receivers for Smartphones), Applications (Smartphones, Industrial, Medical, Military, Electric Vehicles) , the total wireless charging market is expected to reach $7.161 billion by 2017 at a CAGR of 57.46% from 2012 to 2017.

Inductive charging (wireless charging) uses an electromagnetic field to transfer energy between two objects. This is usually done with a charging station. Energy is sent through inductive coupling to an electrical device, which then can use that energy to charge batteries.

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Because there is a small gap between the two coils employed in each of the sender and receiver of the energy within the respective devices, inductive charging is considered a short-distance "wireless" energy transfer, despite the fact that there are typically more wires used with inductive charging than direct-contact charging, because it frees the user from having to deal with wires between the two devices.

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Inductive charging carries a far lower risk of electrical shock, when compared with conductive charging, because there are no exposed conductors. The ability to fully enclose the charging connection also makes the approach attractive where water impermeability is required; for instance, inductive charging is used for implanted medical devices that require periodic or even constant external power, and for electric hygiene devices, such as toothbrushes and shavers, that are frequently used near or even in water. Inductive charging makes charging mobile devices and electric vehicles more convenient; rather than having to connect a power cable, the unit can be placed on or close to a charge plate.

The wireless charging technology is at a developing stage and the consumers need to be aware of the benefits of the technology. Wireless charging products started being commercially available from 2010. Since this is a new technology, consumers are trying to compare the conventional wired chargers and Universal Serial Bus (USB) cords with wireless charging solutions. The benefits need to be shown to the consumer for him to adapt to it. The consumer electronics application has the highest potential for mass adoption; the consumers need to be made aware of the existence of the technology.

Wireless charging has its applications across the industrial as well as the consumer electronics sector. Most of all these applications are in the growth phase and have huge potential in the near future. The applications are measured on the basis of their adoption potential versus their market potential and significance.

The global market for wireless charging is expected to reach $7.161 billion in 2017 from $456.86 million in 2011 at an estimated CAGR of 57.46% from 2012 to 2017. Some of the players in the wireless charging markets are Power mat Technologies (U.S.), Energizer (U.S.), Verizon (U.S.) and many more.

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