Press release
Wireless Power Transmission Market to Surge with Breakthrough Innovations Through 2030
Wireless Power Transmission Market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐: https://www.alliedmarketresearch.com/request-sample/1021
North America region is expected to be the leading contributor to the global market during the forecast period, followed by Europe and Asia-Pacific
Wireless power transmission is a process that occurs in a system, where a power source transmits electromagnetic energy to an electric load with no wires. This wireless transmission transmits power to remote locations. Wireless power transmission has great demand in consumer electronics, for example, laptops, 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 throughout the forecast. Factors such as an increase in the application of wireless power transmission in consumer electronics and the rising 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 boost the growth of the market. However, the igh cost associated with wireless power transmission technology may hamper the growth of the market during the forecast period. On the contrary, the integration of wireless charging with electric vehicle charging applications will create lucrative growth opportunities for the market growth.
The global wireless power transmission market is segmented on the basis of technology, type, application, and region. On the basis of technology, the market is bifurcated into near-field technology and far-field technology. By type, the market is classified into devices with batteries and devices without batteries. On the basis of application, it is divided into receiver and transmitter.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/1021
Region-wise, the wireless power transmission market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed significant revenue in 2020. Significant technological advancements in the field of wireless power transmission in North America primarily drive the growth of the market. In addition to this, the extensive presence of consumer electronics manufacturing companies in this region fuels the market growth. Europe holds a prominent share in the global wireless power transmission industry and is expected to witness significant growth during the forecast period.
Upsurge in demand for applications ranging from future Internet of Things (IoT) and fifth-generation (5G) systems to high-power electric vehicle charging in Europe mainly contributes to the wireless power transmission market.
COVID-19 has impacted severely the global electrical and electronics sector, due to which production facilities as well as new projects have stalled which in turn has significant demand in the industries. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to a slowdown in the growth of the market in 2020.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
- The near-field technology segment is projected to be the dominant offering over the forecast period.
- APAC and North America collectively accounted for more than 62.4% of the wireless power transmission market share in 2020.
- The devices without battery segment is anticipated to witness the highest growth rate during the forecast period.
- China was the major shareholder in the Asia-Pacific wireless power transmission market analysis, accounting for approximately 38.4% share in 2020.
The key players profiled in the report 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, and WiTricity Corporation. These players have adopted various strategies such as product launch, acquisition, collaboration, and partnership to expand their foothold in the industry.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/1021
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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