Wireless Charging Market Forecast to 2022 - Scalar Market Research
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The global wireless market is expected to grow at a steady rate during the forecast period. Wireless charging is the process of transmitting electrical energy without transmitting materials or physical wires. In this technology, electrons flow through electric, magnetic or electromagnetic field medium. In the emerging technology market, some of the successfully evolved applications are microwaves, ultrasound, infrared, solar cells, laser, and resonance electromagnetic waves. Wireless charging technology works on two technologies, as induction and resonance of magnetic field. In inductive charging coils are tightly coupled, resulting in high power transmission with low heat generation. This inductive charging technology is highly preferable in charging of electronic devices such as smartphones and tabs. In resonant charging, coils are loosely coupled and have low-power transfer efficiency. Such type of systems is best suitable for the applications having a tight electromagnetic induction or electromotive force like in automobiles.
KEY PREMIUM INDUSTRY INSIGHTS:
Increasing demand for user-friendly and effortless charging options for electronic devices as well as bulky electric vehicles is the major driving factor for the growth of the wireless charging market.
The rising demand for the renewable energy sources, environment-friendly batteries, and intelligent management of the power systems to achieve better energy efficiency are also boosting the demand for the global market for wireless charging.
The availability of the option of charging multiple devices with a single charging source has gained a great rise in demand for the wireless charging technology, which is expected to drive the market demand.
However, the lack of awareness towards the benefits of the wireless charging technology and the requirement of huge capital investment limit the adoption of the smart charging or wireless charging options.
Moreover, the incompatibility and unequal standardization of various power transmitters are inhibiting the growth of the wireless charging market.
The demand in augmented power efficiency through wireless chargers and the changing lifestyles with increasing sophistication of the living
standards are expected to provide significant growth opportunities for the market.
The research methodology for Scalar Market Research’s wireless charging market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
Browse Report: https://www.scalarmarketresearch.com/market-reports/wireless-charging-market
TRENDING RELATED REPORT
In-Flight Connectivity Market is worth USD 2.45 billion in 2016 and is expected to reach USD 4.62 billion by 2021, at a CAGR of 13.5% from 2016 to 2021.
Wearable technology market worth USD 29.92 billion in 2016 and expected to reach USD 71.23 billion by 2021, growing at a CAGR of 18.9% from 2016 to 2021
About Scalar Market Research
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