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The global wireless charging market size was valued at $6.51 billion in 2018, and is expected to reach $40.24 billion by 2027, growing at a CAGR of 22.2% from 2020 to 2027. Wireless charging is the transmission of energy from a power source to a consuming device without wires or cables. These devices comprise a charging station (or transmitter) that transmits the energy and a receiver (integrated inside a device) that receives the energy and charges the battery. Wireless charging is a reliable, convenient, and safe technology to power and charge electrical devices. In addition, it provides efficient, cost-effective, and safer advantages over the traditional charging systems by eliminating the use of physical connectors and cables. Moreover, it maintains continuous transfer of power to ensure all types of devices (handheld industrial devices, smartphones, heavy-duty equipment, and others) are charged and readily available for use.