Pune, India -- (SBWIRE) -- 01/29/2018 -- Wireless Power Transmission Global Market - Overview

The Wireless Power Transmission Market is growing with the rapid pace; mainly due to its application in the consumer electronics. According to a recent study report published by the Market Research Future, The Wireless Power Transmission market has been increasing and is expected to gain prominence over the forecast period. The market is expected to grow further continuing with the trend at a rapid pace in the years to come. The global wireless power transmission is expected to reach to USD ~12 billion by the end of 2022 with ~24% CAGR during forecast period 2016-2022

The key drivers contributing to the growth of the Wireless Power Transmission Market are consumer's preference for wireless connectivity, need for effective charging systems and features such as reliability, efficiency, fast, low maintenance cost. Also, increasing growth in consumer electronics market in countries such as South Korea and Japan and rising need for battery powered equipment are driving the growth of the market. Furthermore, awareness about battery technology is also fuelling the growth of the market. However, the high cost associated with wireless power technology and lack of infrastructure associated with wireless power devices are hindering the growth of the wireless power transmission market. Alternatively, the growing efficiency of power transmission is expected to create an opportunity in the market.

The technology around electricity transmission and distribution is continuously evolving, and under favourable conditions, "receiving wireless electricity just like a cell phone call" is just around the corner.

Wireless Power Transmission is the transfer of electrical energy from a power source to an electrical load without connecting the wires. Wireless transmission is useful in situations where interconnecting wires are either not possible or are hazardous. The market has various benefits for end-users such as convenience, lower energy consumption & prolonged battery life among others. The market has witnessed developments for wireless charging as various start-ups have developed products based on laser and microwave technologies.

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Key Players

The key players of global wireless power transmission report include Ossia, Inc. (U.S.), Wi-Charge Ltd. (Israel), Energous Corporation (U.S.), Humavox Ltd. (Israel), Fulton Innovation LLC (U.S.), Qualcomm Inc. (U.S.), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), Semtech Corp. (U.S.), Toshiba Corp. (Japan) and others.

Wireless Power Transmission Global Market - Segments

The Wireless Power Transmission Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

- Segmentation by Technology: Comprises Inductive, Magnetic Resonance, Conductive, RF, Infrared, and others.
- Segmentation by Receiver: Comprises Smartphones, Tablets, Wearable Electronics, Notebook and others.
- Segmentation by Transmitter: Comprises Automotive, Standalone charger, Electric vehicle charging, Industrial, and others.
- Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Wireless Power Transmission Market - Regional Analysis

Regionally, North America accounted for the largest market share especially in the countries such as U.S majorly due to high investments on the adoption of wireless power technology and also reduction of the overhead installation costs. Whereas European region is expected to grow at a fast pace over the forecast period 2016-2022. European market is expected to grow over the forecast period as the region being one of the early adopters of this technology and wireless power transmission is especially used in electric vehicles and wearable electronics, hence it is expected to boost the market. For instance, EGVI (European Green Vehicle Initiative Association) has undertaken UNPLUGGED and FABRIC projects on wireless charging of electric vehicles.

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Intended Audience:

- Wireless Power Transmission Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Developers
- Vendors
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Technology Investors

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