03-22-2018 12:51 PM CET - Business, Economy, Finances, Banking & Insurance
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Global Wireless Power Transmission Market Driven By Increase Of The Adoption Rate Of Wireless Sensors Network Equipped With Energy Harvesting Systems

Press release from: Xpodence Research



Market Highlights

The major factors driving the Wireless power transmission market are the rapid growth in demand for the power efficient, safe and durable systems that requires no maintenance or minimum maintenance, increase of the adoption rate of wireless sensors network equipped with energy harvesting systems and growing trend for the green energy and favorable initiatives by the government. Higher initial and installation cost associated with the wireless power transmission system curtails the market growth in developing nations, and restrictions of the remotely installed networking modules are the major factors that may restrict the growth of the market in the near future. The usage of in the wearable electronics, ocean wireless power transmission and the usage of human wireless power transmission for the implantable biomedical devices are the major growth opportunity factors for this market.

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Market Overview

Wireless power transmission is the procedure by which energy is derived from external sources (e.g., wind energy, solar power, salinity gradients, thermal energy, and kinetic energy, known as ambient energy), that are being captured, and stored for small & wireless autonomous devices, like those used in wireless sensor networks and wearable electronics. Energy harvesters deliver minor amount of power for low-energy electronics. The input fuel to various large-scale generation costs resources, the energy resource for energy harvesters is available as ambient background.

Market key Player’s

The growing trend of green energy and favorable initiatives implemented by the government in the Wireless power transmission is anticipated to drive the Europe market for Wireless power transmission in the future years.

The major companies that providing Wireless power transmission include ABB Limited, Convergence Wireless, Arveni, Cymbet Corporation, Fujitsu Limited, Enocean GmbH, Honeywell International ,Inc., Greenpear Technologies B.V., Texas Instruments Incorporated, Powercast Corporation, Stmicroelectronics N.V., and Microchip Technology Inc. 

Market Segments

The global wireless power transmission market has been categorized into technology, component, applications and regions. Based on the technology the market has been segmented into vibration wireless power transmission, light wireless power transmission, thermal wireless power transmission and radio frequency harvesting. On the basis of components the market has be bifurcated into transducer, secondary battery, case study and power management integrate circuit. Applications are widely segmented into building & home automation, transportation, industrial, consumer electronics and security.

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Geographically, the Wireless power transmission market has been bifurcated into five regions North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The Wireless power transmission market size and forecast period for each region has been estimated from 2017 to 2023.Additionally the CAGR (%) for the forecasted period 2017 to 2023.

The study also includes market estimates for major countries/regions such as the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South Africa and Brazil. The detailed analysis by technology, components, applications and regions supports in evaluating the present scenario, growth prospects and the future scenario for the wireless power transmission market over the forecast period. Thus, the report delivers in-depth segment analysis of the market and classifies it into various industries, thereby providing valuable perceptions.

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This release was published on openPR.
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