Press release
Wireless Power Transmission Market 2024-2032: Industry Outlook, Trends Analysis, New Opportunities, and Prospects
Who are the key vendors in the global Wireless
The Wireless Power Transmission Market is Valued USD 18.3 billion in 2024 and projected to reach USD 149.7 billion by 2032, growing at a CAGR of 26.3% During the Forecast period of 2024-2032.
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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.
Top companies covered in this report: Energous, WiTricity, Fulton Innovations, Humavox, Murata Manufacturing, Wi-Charge, Ossia, Inc., UBeam, PowerbyProxi, Philips, Samsung Electronics Co., Ltd, Qualcomm Inc., Texas Instruments Inc., TDK Corporation, WiTricity Corporation, Integrated Device Technology, Inc., NuCurrent Inc., PowerbyProxi Ltd, ConvenientPower HK Ltd., Salcomp Plc., and Powermat Technologies Ltd. and others.
Industry News:
January 2024: WiTricity Corporation and Sinanen Holdings Co., Ltd., a leading provider of all-inclusive housing, energy, and daily living services, announced their partnership. This strategic partnership is a testament to Sinanen Holdings' commitment to creating innovative EV charging solutions and marks the first Japanese company to officially sign a partnership agreement with WiTricity.
Wireless Power Transmission Market Segmentation:
By Technology
Near-Field Technology
Inductive
Magnetic Resonance
Capacitive Coupling/Conductive
Far-Field Technology
Microwave/RF
Laser/Infrared
By Range
Medium Range
Short Range
By Device Type
Devices with Battery
Devices without Battery
By Application
Consumer Electronics
Industrial,
Automotive
Defense
Others
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Regional Analysis
North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)
Asia-Pacific holds the highest market share due to rapid advancement in several sectors of that region. The top countries are China and Japan. China is ahead in electric vehicle production, smart home electronics, and defense equipment; whereas Japan focuses on creating high-end medical technology and equipment. One of the great successes is Denso's launch in June 2022 of wireless powertrain technology that makes electric vehicles charge their batteries even when stationary or on the move. By eliminating the problem of lacking charging infrastructure, this innovation boosts the convenience of the EV owners. With such continuous investment by these two nations in research and development, Asia-Pacific will only continue being the global wireless power transmission leader. As a result, it shall fuel this market even further in the days to come.
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Important Features of the reports:
- Detailed analysis of the Wireless Power Transmission Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Wireless Power Transmission Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Wireless Power Transmission Market performance.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Wireless Power Transmission Market.
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Wireless Power Transmission Market
How big will the market and growth rate be in 2032?
What are the key drivers for the global Wireless Power Transmission Market?
What are the major market trends influencing the growth of the global Wireless Power Transmission Market?
What are the challenges for market growth?
Who are the key vendors in the global Wireless Power Transmission Market?
What market opportunities and threats are vendors facing in the global Wireless Power Transmission Market?
What are the main findings of the five forces analysis of the global Wireless Power Transmission Market?
Conclusion: At the end of the Wireless Power Transmission Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.
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