Europe Wireless Power Banks Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 4.6 Billion by 2030, growing at a CAGR of 15.6% from 2024 to 2030.
The European wireless power bank market is experiencing significant growth, propelled by the increasing adoption of portable electronic devices and a shift towards cable-free charging solutions. As of 2023, the European power bank market was valued at approximately USD 395.22 million, with projections indicating a rise to USD 515.10 million by 2030, reflecting a compound annual growth rate (CAGR) of 3.4% during this period. This growth is influenced by several factors, including technological advancements, regulatory developments, and evolving consumer preferences.
**Technological Advancements and Market Segmentation**
Wireless power banks, which eliminate the need for physical connectors, are gaining popularity due to their convenience and alignment with modern lifestyles. The market is diverse, encompassing various types such as portable, USB plugin, solar, and electric power banks. Battery options primarily include lithium-ion (Li-Ion) and lithium polymer (Li-Po), each offering distinct advantages in terms of energy density and form factor. Additionally, features like MagSafe or wireless charging support are becoming standard, catering to the demand for seamless charging experiences. The emphasis on renewable energy has also led to an increased interest in solar power banks, though their adoption is tempered by factors like sunlight dependency and efficiency considerations.
**Regulatory Landscape and Industry Requirements**
Compliance with safety and environmental standards is crucial for manufacturers aiming to penetrate the European market. Key regulations include UN38.3, IEC 62368-1, CE, UL, and RoHS certifications, which ensure product safety and environmental compliance. The European Union has also introduced ecodesign requirements targeting external power supplies and wireless chargers, aiming to improve energy efficiency and reduce standby power consumption. These regulations necessitate that manufacturers adhere to specific energy efficiency criteria and provide clear consumer information regarding charging capabilities and energy consumption. Notably, the EU's mandate for USB-C charging ports, effective from December 28, 2024, underscores the region's commitment to reducing electronic waste and standardizing charging interfaces across devices. While this mandate focuses on wired charging, it reflects the EU's broader strategy to harmonize charging solutions, which may influence the wireless charging sector in the future.
**Industry Demand and Consumer Trends**
Industries across Europe are increasingly integrating wireless charging solutions into their products and services, responding to consumer demand for convenience and efficiency. The proliferation of smartphones, tablets, laptops, and wearable devices has heightened the need for reliable and accessible charging options. Consumers value the ability to charge devices without the hassle of cables, especially in public spaces and on-the-go scenarios. This trend has led to the emergence of shared power bank services, particularly in urban areas, transportation hubs, and tourist destinations, where users can rent power banks to recharge their devices conveniently. The focus on user experience, safety, and sustainability is driving innovation in the wireless power bank market, with companies striving to offer products that meet evolving consumer expectations while complying with stringent regulatory standards.
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Samsung
Philips
LUXA2
Huawei
Goal Zero
Qi-Infinity
ZENS
Xtorm (Telco Accessories
Shenzhen Awesome Technology
Yota Devices
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Wireless Power Banks Market
Standard Wireless Power Banks
Fast Charging Wireless Power Banks
Solar Wireless Power Banks
Multi-Device Wireless Power Banks
Below 5000 mAh
5001 to 10000 mAh
10001 to 15000 mAh
Above 15000 mAh
Qi Standard
PMA Standard
Other Proprietary Standards
USB Type-C
Micro USB
Lightning Connector
Wireless Charging Only
Consumer Electronics
Industrial Devices
Healthcare Devices
Automotive Applications
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Wireless Power Banks Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Wireless Power Banks Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Wireless Power Banks Market, By Type
6. Europe Wireless Power Banks Market, By Application
7. Europe Wireless Power Banks Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Wireless Power Banks Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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