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Wireless Charging Market is expected to reach $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).

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 or run the device.

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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.

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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 wireless charging market is still in its infancy stage. The driving forces of this market as of today are convenience, reduction in power consumption as well as reduction in electronic waste. The potential challenges in this industry are the lack of standards and interoperability. Another potential challenge in the wireless charging space is the efficiency of charging wirelessly not at par in comparison to the wired charging.

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