As per Triton’s research report, the Middle East and African wireless charging market is anticipated to upsurge with a CAGR of 25.76% in the forecasting years of 2019-2028.
The countries assessed in this market include:
• South Africa
• Turkey
• Saudi Arabia
• The United Arab Emirates
• Rest of MEA
The governments in the Middle East have been taking stringent actions to reduce the vehicular emission on roads, by promoting electric vehicles and constructing their charging stations. For this purpose, nearly 18 new charging stations were deployed at different locations across the region. This has led to commendable growth in the Middle Eastern electric vehicles market. The growth of this market has, in turn, fueled the growth of the wireless charging market in this region.
Several countries in the MEA, such as the UAE, Turkey, Israel, South Africa, and Nigeria, are gaining prominence. The aerospace industries of Turkey and Israel, and the automobile industries of Iran and Turkey have been crucial to the growth of the studied market. Wireless charging has widespread use in aircraft and drones, which has led to the growth of the market in these countries.
Powermat is a company offering wireless charging technology. It has installed charging points at Saudi Arabia’s Doppio Café. The current EV framework in the country is in its initial stages, and needs to be developed further into a comprehensive network. Recent initiatives being taken for the market growth of EVs in the country are in line with the general objectives of the Saudi Vision 2030. The aim is to diversify the economy, by relying on sources other than oil. These initiatives are expected to have a positive impact on the electric vehicle market, and, in turn, boost the market for wireless charging in the KSA.
Powermat is a pioneer in wireless charging. It was the first company to bring the technology to consumers in the automotive market and the consumer electronics market. The company was founded in 2006, and is headquartered in Petah Tikva, Israel. The technology provided by Powermat has been used by over 500 million smartphones and 3.2 million cars. In addition, more than 12,000 charging spots around the world run on Powermat’s wireless technology.
The top key players in the wireless charging market are Powermat, Belkin International Inc, Semtech, Aircharge, Samsung, Energous Corporation, WiTricity Corporation, TDK Corporation, Qualcomm Technologies Inc, Renesas Electronics Corporation (Integrated Device Technology Inc), ConvenientPower HK Limited, Infineon Technologies AG, Texas Instruments Incorporated, NuCurrent, and NXP Semiconductors.