Press release
Wireless Power Transmission Market size is Estimated to Attain $35,226.4 Million by 2030 | Registering a CAGR of 21.3%
Wireless Power Transmission Market
The global wireless power transmission market size was valued at $5,705.1 million in 2020, and is projected to reach $35,226.4 million by 2030, registering a CAGR of 21.3% from 2021 to 2030.
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Wireless power transmission is a process that occurs in a system, where power source transmits electromagnetic energy to electric load with no wires. This wireless transmission transmits power to remote locations. Wireless power transmission has great demand in the consumer electronics, for example laptop, tablets, smartphones and other devices. Furthermore, the technology is rapidly being implemented in sectors such as defense and healthcare.
The global wireless power transmission market is anticipated to witness significant growth over the period of forecast. Factors such as increase in application of wireless power transmission in the consumer electronics and rising need for battery powered equipment mainly drives the wireless power transmission market growth.
In addition, ongoing developments in the long-range wireless power transmission further boosts growth of the market. However, high cost associated with wireless power transmission technology may hamper growth of the market during the forecast period. On the contrary, integration of wireless charging with electric vehicle charging applications will create lucrative growth opportunities for the market growth.
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According to the CXOs of leading companies, the wireless power transmission market is going through enormous transformation and growth. Factors such as increase in application of wireless power transmission in the consumer electronics and rising need for battery powered equipment mainly drives growth of the wireless power transmission market.
In addition, ongoing developments in the long-range wireless power transmission further boosts growth of the market. However, high cost associated with wireless power transmission technology may hamper growth of the market during the forecast period. On the contrary, integration of wireless charging with electric vehicle charging applications will create lucrative growth opportunities for the market growth.
Businesses can evaluate the Porter's Five Forces Analysis to determine the structure, level of competition, and industry's strengths and weaknesses. The report also contains information and statistics, tables and figures that are used in strategic planning for the company's success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.
Competitive Analysis:
The wireless power transmission industry key players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the global wireless power transmission industry include:
⦁ Analog Devices Inc.
⦁ Energous Corporation
⦁ Koninklijke Philips N.V.
⦁ NXP Semiconductors N.V.
⦁ Powermat Technologies Ltd.
⦁ Renesas Electronics Corporation
⦁ Samsung Electronics Co. Ltd.
⦁ Semtech Corporation
⦁ TDK Corporation
⦁ WiTricity Corporation
Report Overview:
https://www.alliedmarketresearch.com/wireless-power-transmission-market
Top Impacting Factors:
Factors such as increase in application of wireless power transmission in the consumer electronics and rise in need for battery powered equipment mainly drive the wireless power transmission market growth. In addition, ongoing developments in the long-range wireless power transmission further boosts the growth of the market. However, high cost associated with wireless power transmission technology hamper the growth of the market during the forecast period. On the contrary, integration of wireless charging with electric vehicle charging applications is expected to create lucrative opportunities for the wireless power transmission market.
Key Benefits for Stakeholders:
⦁ This study comprises analytical depiction of the global wireless power transmission market size along with the current trends and future estimations to depict the imminent investment pockets.
⦁ The overall wireless power transmission market analysis is determined to understand the profitable trends to gain a stronger foothold.
⦁ The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
⦁ The current wireless power transmission market forecast is quantitatively analyzed from 2019 to 2030 to benchmark the financial competency.
⦁ Porter's five forces analysis illustrates the potency of the buyers and the wireless power transmission market share of key vendors.
⦁ The report includes the market trends and the market share of key vendors.
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