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Wireless Power Transmission Market to Reach US$ 20,000 Mn by 2026

The global wireless power transmission market derives significant growth from the usage of wireless power transmission in energy management and efficient transfer of power. It also gains remarkably from the technological advancements and the rise in digitization. The rising awareness about the benefits of wireless power transmission, such as providing clutter-free charging without cable, is fueling its demand substantially. Consumer electronic devices that need charging have become its key end users. Since wireless chargers can determine the amount of power required by every electronic device, avoiding overcharging of batteries, their usage has increased manifolds. Furthermore, as there is no AT&C loss, the loss in electricity is much less in wireless power transmission in comparison with wired power transmission. This factor is likely to fuel the application of wireless power transmission further, boosting the worldwide wireless power transmission market in the years to come, reports the research study.

According to this research report, the opportunity in the global wireless power transmission market will expand at a CAGR of more than 15% over the period from 2018 to 2026. In 2017, the overall valuation of this market was US$4,000 mn. Increasing at this pace, it will reach US$20,000 mn by the end of the forecast period. All these facts and figures points towards a healthy future of the worldwide wireless power transmission markets. However, the infrastructural challenges, especially in developing countries, may limit the growth of the wireless power transmission market in the years to come. The absence of common standards and the high cost of technology may also hamper the growth of the global market, notes the market study.

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Asia Pacific to Emerge as Most Promising Regional Market

In terms of the region, Asia Pacific has been reporting its dominance on global wireless power transmission market. The constant rise in the wireless power transmission in many Asian countries has enabled consumers to have an easy access to electricity even in remote areas. This trend has turned into a catalyst for the shift from traditional power transmission to wireless one. In 2016, Asia Pacific accounted for a share of 40% in the global market. However, North America will overtake Asia Pacific in the near future and hold the most prominent market share. The increasing investments by leading players in the energy sector will drive this regional market over the next few years, reports the research study.

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Leading Players Focus on Developing Distribution Facilities

The global wireless power transmission market displays a highly fragmented and competitive vendor landscape. The competition between Murata Manufacturing Co. Ltd., LG Electronics Inc., Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., and Texas Instruments Inc. demonstrates the competitive scenario in this market. The market is undergoing an influx of new players, which is expected to intensify the competition within this market over the next few years. The key companies are planning to increase their investments for the development of their distribution channels to remain in the competition. Local and small-scale players, on the other hand, are projected to gain through forming strategic alliances with leading technology players across the world in the near future, stated the research report.

The review is based on a report by Transparency Market Research, titled “Wireless Power Transmission Market (Technology – Inductive Coupling, Resonant Inductive Coupling, Capacitive Coupling; Range – Near Field, Far Field; Application – Automobile, Industrial, Consumer Electronics, Health Care) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

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The Global Wireless Power Transmission Market is segmented into:

Technology

  • Inductive Coupling
  • Resonant Inductive Coupling
  • Capacitive Coupling

Range

  • Near Field
  • Far Field

Application

  • Automobile
  • Industrial
  • Consumer Electronics
  • Health Care
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News

Market Research on Wireless Power Transmission Market 2018 and Analysis to 2026

The global wireless power transmission market derives significant growth from the usage of wireless power transmission in energy management and efficient transfer of power. It also gains remarkably from the technological advancements and the rise in digitization. The rising awareness about the benefits of wireless power transmission, such as providing clutter-free charging without cable, is fueling its demand substantially. Consumer electronic devices that need charging have become its key end users. Since wireless chargers can determine the amount of power required by every electronic device, avoiding overcharging of batteries, their usage has increased manifolds. Furthermore, as there is no AT&C loss, the loss in electricity is much less in wireless power transmission in comparison with wired power transmission. This factor is likely to fuel the application of wireless power transmission further, boosting the worldwide wireless power transmission market in the years to come, reports the research study.

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According to this research report, the opportunity in the global wireless power transmission market will expand at a CAGR of more than 15% over the period from 2018 to 2026. In 2017, the overall valuation of this market was US$4,000 mn. Increasing at this pace, it will reach US$20,000 mn by the end of the forecast period. All these facts and figures points towards a healthy future of the worldwide wireless power transmission markets. However, the infrastructural challenges, especially in developing countries, may limit the growth of the wireless power transmission market in the years to come. The absence of common standards and the high cost of technology may also hamper the growth of the global market, notes the market study.

wireless-power-transmission-market-2018-2026.jpg

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Asia Pacific to Emerge as Most Promising Regional Market

In terms of the region, Asia Pacific has been reporting its dominance on global wireless power transmission market. The constant rise in the wireless power transmission in many Asian countries has enabled consumers to have an easy access to electricity even in remote areas. This trend has turned into a catalyst for the shift from traditional power transmission to wireless one. In 2016, Asia Pacific accounted for a share of 40% in the global market. However, North America will overtake Asia Pacific in the near future and hold the most prominent market share. The increasing investments by leading players in the energy sector will drive this regional market over the next few years, reports the research study.

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Leading Players Focus on Developing Distribution Facilities

The global wireless power transmission market displays a highly fragmented and competitive vendor landscape. The competition between Murata Manufacturing Co. Ltd., LG Electronics Inc., Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., and Texas Instruments Inc. demonstrates the competitive scenario in this market. The market is undergoing an influx of new players, which is expected to intensify the competition within this market over the next few years. The key companies are planning to increase their investments for the development of their distribution channels to remain in the competition. Local and small-scale players, on the other hand, are projected to gain through forming strategic alliances with leading technology players across the world in the near future, stated the research report.

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Comprehensive Report on Wireless Power Transmission Market 2020 | Size, Growth, Demand, Opportunities & Forecast To 2026 | Ossia, Wi-Charge Ltd., Humavox Ltd., Texas Instruments Inc., Toshiba Corp.

Comprehensive Report on Wireless Power Transmission Market 2020 | Size, Growth, Demand, Opportunities & Forecast To 2026 | Ossia, Wi-Charge Ltd., Humavox Ltd., Texas Instruments Inc., Toshiba Corp.

Wireless Power Transmission Market research report is the new statistical data source added by A2Z Market Research.

“Wireless Power Transmission Market is growing at a High CAGR during the forecast period 2020-2026. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”.

Wireless Power Transmission Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

Top Key Players Profiled in this report are: 

Ossia, Wi-Charge Ltd., Humavox Ltd., Texas Instruments Inc., Toshiba Corp., Integrated Device Technology, Energous Corporation, Fulton Innovation LLC, Semtech Corp., Qualcomm Inc.

The key questions answered in this report:

  1. What will be the Market Size and Growth Rate in the forecast year?
  2. What are the Key Factors driving Wireless Power Transmission Market?
  3. What are the Risks and Challenges in front of the market?
  4. Who are the Key Vendors in Wireless Power Transmission Market?
  5. What are the Trending Factors influencing the market shares?
  6. What are the Key Outcomes of Porter’s five forces model?
  7. Which are the Global Opportunities for Expanding the Wireless Power Transmission Market?

Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Wireless Power Transmission market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Wireless Power Transmission market’s trajectory between forecast periods.

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Global Wireless Power Transmission Market Segmentation:

Market Segmentation by Type:

Devices with Battery
Devices without Battery

Market Segmentation by Application:

Consumer Electronics
Industrial
Automotive
Defense
Others

Regions Covered in the Global Wireless Power Transmission Market Report 2020:
• The Middle East and Africa (GCC Countries and Egypt)
• North America (the United States, Mexico, and Canada)
• South America (Brazil etc.)
• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

The report provides insights on the following pointers:

  1. Market Penetration: Comprehensive information on the product portfolios of the top players in the Wireless Power Transmission market.
  2. Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
  3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
  4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
  5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Wireless Power Transmission market.

Table of Contents

Global Wireless Power Transmission Market Research Report 2020 – 2026

Chapter 1 Wireless Power Transmission Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Wireless Power Transmission Market Forecast

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