Wireless Power Transmission accounted for USD 2.8 billion in 2016 Growing at Higher CAGR of 24.5% by 2024

Global Wireless Power Transmission Market

This report on the  Global Wireless Power Transmission Market with figures as recent as 2017 and forecasts up to 2024 that helps you track the unprecedented growth seen in the medical and devices  industry giving you an edge to not just compete but to outmatch the competition.

The Global Wireless Power Transmission Market accounted for USD 2.8 billion in 2016 growing at a CAGR of 24.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global Wireless Power Transmission Market By Geography, Technology (Near-Field, Far-Field), Implementation (Aftermarket, Integrated), Receiver Application (Smartphones, Tablets, Wearables, Notebooks, Electrical Vehicle Charging, Industrial), Transmitter Application (Standalone Chargers, Automotive, Furniture, Electrical Vehicle Charging, Industrial) – Industry Trends and Forecasts 2024

Market Definition:

Wireless power transmission is a technology to transfer energy through electromagnetic energy from power sources to electric loads without connecting wires. The emerging trend of wireless charging has been significantly substituting the conventional wired charging. The market is majorly driven by increased demand for convenient wireless connectivity and effective charging systems.  However, the high costs of devices may restrain the growth of the market.

Market Segmentation:

On the basis of technology:-

  • Near-field, and far-field.

The near-field segment is further segmented into

  • Inductive technology,
  • magnetic resonance technologies,
  • capacitive coupling/conductive.

The far-field segment is further segmented into

  • microwave/RF, and laser/infrared.

On the basis of implementation:-

  • Aftermarket,

On the basis of receiver application:-

  • Smartphones,
  • Tablets,
  • Wearables,
  • Notebooks,
  • Electrical vehicle charging,

On the basis of transmitter application:-

  • Standalone chargers,
  • Automotive,
  • Furniture,
  • Electrical vehicle charging,

On the basis of geography:-

North America, South America, Europe, Asia-Pacific, and Middle East & Africa U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis:

The report for global wireless power transmission market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments

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Market Drivers And Restraints:

  • Increased demand for convenient wireless connectivity
  • Growing demand for effective charging systems
  • Increasing demand consumer electronics
  • High costs of devices
  • Standardization issues

Major Market Competitors:

Some of the major players of the global wireless power transmission market are Qualcomm Technologies, Inc., SAMSUNG, TDK Corporation, Texas Instruments, Inc., Nucurrent, Inc., Powermat Technologies, Ltd., Powerbyproxi, Ltd., Witricity Corporation, Convenientpower Hk, Ltd., Salcomp PLC, Ossia Inc., Energous Corporation, Fulton Innovation LLC, Humavox Ltd., WI Charge Ltd., Energysquare, and others.

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