The wireless transfer of power for charging portable devices has become popular with device manufacturers and consumers. This is due, in part, to the convenience it offers and the fact it removes the need for billions of low-power chargers, many of which end their days in landfills.
Standards bodies such as the Wireless Power Consortium (WPC) boast hundreds of members and are making strides in developing standards that ensure interoperability within this sector. The popularity of this technology is illustrated in a recent report by research firm MarketsandMarkets, which estimates the market for wireless charging to currently be worth around US$5 billion, with a CAGR of almost 25%, reaching a value of around US$13.4 billion by 2026.