Press release
Global Wireless Power Transmission market is expected to witness a CAGR of 13.65% between 2019 and 2025
Wireless power transmission is the process of transmitting electrical energy to an electrical load from a power emitting source without interconnecting wires. The wireless power transmission allows many portable devices to be charges without plugging into a socket or docked to a charging station.
This report provides forecast and analysis of the Global Wireless Power Transmission market which is estimated to surge at a CAGR of 13.65% over the period of 2019-2025.
Global wireless power transmission market is significantly growing on account of rising demand for wireless portable charging devices for various consumer electronics such as smartphones and wearables. The wireless charging of portable devices provides a great advantage as it is comfortable to use, shock-proof, and leads to less usage of wires which is more economical. The conventional power transmission system uses transmission lines to transmit the power from one place to another which makes it costlier in terms of cable costs and certain transmission loss.
Wireless power transmission completely reduces the need for existing high-tension power transmission cables, substation, and towers between people using power-operated devices and the generation station. Growing investments in the development of use of this technology for applications across various end-use industries. For example, companies are moving towards the application of wireless power transmission technology in electric vehicles, fuel-free rockets, and moving robots. Emerging popularity of wireless sensors across different industries is also expected to bolster the growth of the global wireless power transmission market during the forecast period.
Geographically, the global wireless power transmission market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America and APAC regional markets hold significant market share of the global wireless power transmission market. The growth of these two regional markets is attributed to the rising investments by government agencies such as the NASA (National Aeronautics and Space Administration) and JAXA (Japan Aerospace Exploration Agency to harness this technology to power solar-powered satellites. Moreover, the presence of major vendors of global consumer electronics market further drives the growth of these regional markets.
Some of the major players covered as part of the report are Samsung Electronics Co., Ltd, TDK Corporation, Murata Manufacturing Co. Ltd, Texas Instruments Incorporated, and Energous Corporation.
This report segmented the Global Wireless Power Transmission market on the basis following terms:
• By Component
• Hardware
• Software
• By Technology
• Inductive Coupling
• Capacitive Coupling
• Resonant Inductive Coupling
• Others
• By Range
• Short
• Medium
• Long
• By Application
• Consumer Electronics
• Healthcare
• Automotive
• Others
• By Geography
• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Others
Purchase complete report or download free sample: https://www.knowledge-sourcing.com/report/wireless-power-transmission-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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