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Wireless Power Transmission Market Is Expected to Reach $17.04 Billion by 2020, Growing at a CAGR of 60.49% from 2014 to 2020

[260 Pages Report] Wireless Power Transmission Market categorizes global market by transmission technology (Induction, Radiation), type, and range; by application (consumer electronics, industrial, automotive, healthcare, and defense), and by geography.

 

Dallas, TX -- (SBWIRE) -- 08/26/2014 -- According to a new market research report "Wireless Power Transmission Market by transmission technology (Induction, Radiation), type, and range; by application (consumer electronics, industrial, automotive, healthcare, and defense), and by geography - forecast and analysis (2013-2020)", published by MarketsandMarkets, Wireless Power Transmission Market is expected to reach $17.04 Billion by 2020, growing at a CAGR of 60.49% from 2014 to 2020.

Browse 74 market Tables and 41 Figures spread through 260 Pages and in-depth TOC on "Wireless Power Transmission Market".

Some of the major companies includes: ConvenientPower HK Ltd. (Hong Kong), Energizer Holdings Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), Leggett & Platt, Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Powermat Technologies Ltd. (Israel), Plugless Power (U.S.), QUALCOMM Inc. (U.S.), Texas Instruments Inc. (U.S.), and Witricity Corp. (U.S.).These companies operate globally and put wireless power market related products and services to various applications.

Geographically, the Wireless power technology market is covered by North America (U.S., Canada), Europe (Germany, the UK, Sweden, the Netherland, and France), APAC (China, India, Japan, Russia, and Australia), and RoW (the Middle East, South America, and Africa).The APAC region is estimated to contribute a major share in the wireless power technology market, followed by America and Europe. RoW, cover a small market share at present; however, they are expected to show growth till the forecasted period.

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Wireless power transmission has gradually started developing in the market and poses a huge potential in the coming future. The Wireless Power Transmission Market is mainly driven by the consumer electronics segment for the near terms, where it is mainly used for charging the portable device which includes smart phones, tablets and wearable electronics. However, in longer terms, huge scope of opportunity can be expected from the development and integration of wireless power transmission in other application which includes healthcare, automotive and defense. With the resolution in the standards for wireless power transmission, varieties of other products can be expected in the future. It has been estimated that magnetic resonance technology will dominate the wireless power transmission market. In future almost all the device will be working based on magnetic resonance as it helps in larger charging field.

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Wireless power transmission market has witnessed huge technological developments and advancement in recent times, especially in terms of efficiency of the power transmission. The efficiency of the transmission for the wireless power transmission was upto 65% at the initial stage of the development forthis technology, but with the advancement in the technology, the efficiency has increased upto 85%. The conventional method of charging the batteries of portable devices like: mobile phones, tablet computers, are expected to reach obsolescence with the advancement of wireless power transmission. The market is showing rapid growth because of its ease of use and limitations of wired transmission of the power. The demand for the products is huge in consumer electronics segment followed by automotive segment. The major driving factor for the market is the enormous demand by the battery operated devices all over the world.

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Wireless power transmission market is estimated to grow $17.04 Billion at a CAGR of 60.49% for 2014 to 2020. Asia Pacific is accounted to have a market share of 38.24% in 2013, and is expected to grow at a CAGR of 62.95% from 2014 to 2020. The market is systematically analyzed by transmission technology, transmission type, transmission range, application and geography. Application segment is further segment by consumer electronics, industrial, automotive, healthcare, and defense; whereas geography is further segmented by North America, Europe, APAC and Rest of the World (RoW). The players involves in the development of wireless power transmission market includes ConvenientPower HK Ltd. (Hong Kong), Energizer Holdings Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), Leggett & Platt, Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Powermat Technologies Ltd. (Israel), Plugless Power (U.S.), QUALCOMM Inc. (U.S.), Texas Instruments Inc. (U.S.), and Witricity Corp. (U.S.).

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