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Wireless Power Transmission Market Analysis, Drivers, Restraints, Latest Trends & Applications
Wireless Power Transmission Market
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Wireless power transfer is transmission of electrical energy or power, from a power source to an electrical load without interconnecting wires. Wireless transmission is useful in cases where interconnecting wires are inconvenient, hazardous, or impossible.
Major automobile manufacturers such as Nissan, Toyota Motors, and Honda have started focusing on development of electric charged vehicles as an alternate to conventional vehicles. Wireless power transmission is used in fuel-free aircrafts, robots, fuel-free electric automobiles, and fuel-free rockets.
Increasing adoption of smart lightning, wireless charging for consumer electronics and vehicles, and in sectors such as medical, automotive, and military & defense are factors further propelling growth of the global wireless power transmission market.
North America accounts for highest revenue share in the global market and is expected to register a CAGR of XX.X% during the forecast period.
The market is Asia Pacific is expected to witness significant growth during the forecast period and is expected to register a CAGR of XX.X% during the forecast period.
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