Wireless Power Transmission Market size was valued at USD 5.5 Billion in 2021, registering a CAGR of 20.5% during the forecast period (2022-2030), and the market is projected to be worth USD 29.3 Billion by 2030.
Wireless power transmission is a procedure in which a power source distributes electromagnetic energy to an electric load without the need of cables. This wireless transmission sends power to distant sites. It is in high demand in consumer electronics, including as laptops, tablets, cellphones, and other gadgets. Furthermore, the technology is quickly being adopted in industries such as defence and healthcare.
Wireless Power Transmission Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Technology (Near-Field Technology, Far-Field Technology) By type (Devices with Battery, Devices without Battery), By application (Receiver, Transmitter), and companies (uBeam , HUMAVOX LTD , Powermat, Powercast Corp. , Fulton Innovation LLC , TDK Corporation, WiTricity Corporation , Integrated Device Technology, Inc., Texas Instruments Incorporated, and Ossia Inc., SAMSUNG, Wi-Charge, Energous Corporation , Semtech , TOSHIBA CORPORATION, Panasonic Corporation, ROHM CO., LTD, Murata Manufacturing Co, Koninklijke Philips N.V.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 20.5%, over the forecast period of 2022–2030.
The increased adoption of Wireless Power Transmission in the Electronic Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Wireless Power Transmission also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Wireless Power Transmission in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||29.3 Billion|
|By Technology||Near-Field Technology, Far-Field Technology.|
|By Type||Devices with Battery, Devices without Battery.|
|By Application||Receiver, Transmitter.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||uBeam , HUMAVOX LTD , Powermat, Powercast Corp. , Fulton Innovation LLC , TDK Corporation, WiTricity Corporation , Integrated Device Technology, Inc., Texas Instruments Incorporated, and Ossia Inc., SAMSUNG, Wi-Charge, Energous Corporation , Semtech , TOSHIBA CORPORATION, Panasonic Corporation, ROHM CO., LTD, Murata Manufacturing Co, Koninklijke Philips N.V.|
The COVID-19 pandemic has had a substantial negative influence on the Wireless Power Transmission market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
uBeam , HUMAVOX LTD , Powermat, Powercast Corp. , Fulton Innovation LLC , TDK Corporation, WiTricity Corporation , Integrated Device Technology, Inc., Texas Instruments Incorporated, and Ossia Inc., SAMSUNG, Wi-Charge, Energous Corporation , Semtech , TOSHIBA CORPORATION, Panasonic Corporation, ROHM CO., LTD, Murata Manufacturing Co, Koninklijke Philips N.V.
Market Segment Analysis:
- Near-Field Technology
- Far-Field Technology
- Devices with Battery
- Devices without Battery
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Wireless Power Transmission industries in the region.
Key Wireless Power Transmission Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Wireless Power Transmission Market segments.
– Largest Market Share Held by Industry to Industry for Wireless Power Transmission
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Wireless Power Transmission Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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