Share this article Share this article ResearchAndMarkets.com's offering. The Global Wireless Charging Market size was valued at USD 9.72 billion in 2019 and is predicted to reach USD 164.38 billion by 2030 with a CAGR of 29.2% from 2020-2030. Wireless charging enables transmission of energy from a power source to a device without the use of connecting wires or cables. It works on the principle of magnetic resonance or inductive power transfer, where the passage of electric current through a coil lead to a changing magnetic field around that coil which in turn induces a current in another coupled coil. Wireless charging offers convenient and safe charging solutions and thus increasingly being adopted in various electronic applications such as smartphones, laptops and other portable devices.