Wireless Power Transmission Market

Global Wireless Power Transmission Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2021-2027– Growing technological advancements, rising investments and participation of various companies and increasing requirement for more reliable and efficient energy distribution system are some of the major factors driving the growth of Global Wireless Power Transmission Market.

Global Wireless Power Transmission Market is valued around USD 5598.4 Million in 2020 and expected to reach USD 23174.8 Million by 2027 with the CAGR of 22.5% over the forecast period.                 

Scope of Global Wireless Power Transmission Market Report:

Wireless power transmission is an interaction that occurs in a system, where power source transmits electromagnetic energy to electric burden without any wires. This remote transmission sends power to remote areas. Wireless Transmission is a technological advancement that permits the transmission of power over wireless connectivity between any two points.

In wireless power transmission, electromagnetic energy is moved from the source to the loads. It is broadly utilized in electric energy transmission fundamentally. In general, wireless transmissions are exceptionally quick and steady in nature.

Because of natural calamities, there is no way of breakage of the connecting medium. It can send power both in long and short ranges. Because of the absence of the connecting medium, the expense of carrying the transmission is extremely less. The greater parts of the utilizations are there to transmit power in remote regions where in any case wired network is hard to build up.

Wireless power transmission has huge interest in the customer electronics such as tablets, laptops, cell phones and different devices. Besides, the technology is quickly being implemented in areas like healthcare and defense.

The COVID-19 pandemic has impacted the growth of wireless power transmission market. Demand of wireless power transmission market is rapidly increased in some categories like computers and peripherals which have benefited as consumers are working from home and remote working. People are more dependent than ever before on their consumer devices to connect with others and continue working at home. However, manufacturing processes are slowed down and then stopped; supply chains were disrupted which affect the wireless power transmission market.

Global Wireless Power Transmission Market Segmentation:

Global wireless power transmission market is segmented based upon technology, receiver, application and regions & country level. Based upon technology, the wireless power transmission market is segmented into near-field technology and far-field technology. Based on receiver, the market is segmented into smartphones, tablets, wearable electronics, notebook, electric vehicle charging and others. Based on application of wireless sensor networks, market is segmented into standalone chargers, automotive, electric vehicle charging, furniture and industrial.

By Technology:

• Near-Field Technology
• Far-Field Technology

By Receiver:

• Smartphones
• Tablets
• Wearable Electronics
• Notebook
• Electric Vehicle Charging
• Others

By Application:

• Standalone Chargers
• Automotive (In Vehicle)
• Electric Vehicle Charging
• Furniture
• Industrial

The regions covered in this global wireless power transmission market report are North America, Europe, Asia-Pacific and Rest of the World. Based on country level, market of wireless power transmission is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players for Global Wireless Power Transmission Market Report:

Global wireless power transmission companies are Ossia Inc., Wi-Charge Ltd, Energous Corporation, Humavous Ltd., Fulton Innovation LLC, Qualcom Inc., Texas Instruments Inc, Integrated device Technology, Semtech Corp, Toshiba Corp and others.

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Growing Technological Advancement, Rising Investments and Participation by Various Companies and Increasing Requirement for More Reliable and Efficient Energy Distribution System are some of the Major Factors Driving the Market Growth

One of the major factors driving the growth of global wireless power transmission market is increasing requirement for more reliable and efficient energy distribution system. The expanding necessity for more dependable and proficient energy distribution and lines is empowering electric grid workers searching for an solution like smart grids which comprises of smart appliances, meters, and renewable resources that will assist them with manage energy resources more successfully and effectively. This will build the interest for wireless power transmission systems and drive the meet development over the conjecture time frame.

In addition, rising investments and participation by various companies in this field is also supplementing the market growth. The expanding investments and support of market players to work on these machines by fusing advanced features and empowering their use in different applications is also fostering the market development. For example; on May 22^nd, 2019, Samsung reported the launch of two new items in its remote gadgets portfolio called the Wireless Power Bank and Wireless Charging Duo Pad. These new gadgets will advance an associated way of life and can be utilized for charging all Qi-certified devices.

Furthermore, growing technological advancement are also augmenting growth of the global wireless power transmission market. For instance; in January 2017, Dell, Inc. dispatched the magnetic resonance technology based remote charging notebook. The organization has coordinated the WiTricity remote charging innovation in the notebook.

However, high cost of wireless power transmission devices with lack of infrastructure may hamper the global wireless power transmission market growth. In spite of that, the solar energy incorporation in wireless power transmission can offer more opportunities for the further growth of the global wireless power transmission market.

Asia Pacific is Expected to Witness a Fastest Growth in the Global Wireless Power Transmission Market

Asia Pacific is expected to witness the fastest growth in the global wireless power transmission market due to the massive investments of new technologies, increasing disposable income and high population in this region.  For instance, as per the news published on December 2020, AirFuel Alliance advances the future of wireless power at Asian wireless power transfer week 2020. For instance; according to Ministry of Statistics and Programme Implementation (MOSPI), expendable personal income in China expanded to 43834 CNY in 2020 from 42359 CNY in 2019.

North America is expected to show  a significant growth in the global wireless power transmission market due to the growing research and development activities and presence of key players in this region.

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 5598.4 Million
Base year considered	2020
Forecast Period CAGR %:	22.5%
Market Size Expected in 2027:	USD 23174.8 Million
Tables, Charts & Figures:	175
Pages	188
Key Players/Companies	Ossia Inc., Wi-Charge Ltd, Energous Corporation, Humavous Ltd., Fulton Innovation LLC, Qualcom Inc., Texas Instruments Inc, Integrated device Technology, Semtech Corp, Toshiba Corp and others.
Segments Covered	By Technology, By Receiver, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Global Wireless Power Transmission Market Report:

• Global Wireless Power Transmission Market report covers in depth historical and forecast analysis.
• Global Wireless Power Transmission Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Wireless Power Transmission Market report helps to identify opportunities in market place.
• Global Wireless Power Transmission Market report covers extensive analysis of emerging trends and competitive landscape.