Market Research Future published a research report on “Wireless Power Transmission Market Research Report – Global Forecast till 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Market Research Future (MRFR)’s latest study reveals that the global wireless power transmission market is set to thrive at an exponential CAGR of 24% during the forecast period 2016 to 2022. The valuation of the global market is poised to reach USD 12 Bn by the end of 2022. Wireless power transmission offers certain benefits such as convenience, prolonged battery life, lower energy consumption, etc. which is likely to fuel demand for the technology.
The shift in consumer behavior toward wireless technology is estimated to have a favorable impact on the proliferation of the market. Furthermore, the excessive need for efficient charging systems, reliability, low maintenance cost, etc. has intensified the adoption of wireless power transmission solutions. The trend is poised to perpetuate in the upcoming years.
The growth of the consumer electronics industry directly reflects on the expansion of the Wireless Power Transmission Market. Additionally, the increasing awareness about battery technology is another major factor influencing the growth of the global market positively. However, high cost associated with wireless power technology remains an impediment to the proliferation of the wireless power transmission market.
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Some of the key players profiled in the report are Ossia, Inc. (U.S.), Energous Corporation (U.S.), Humavox Ltd. (Israel), Wi-Charge Ltd. (Israel), Fulton Innovation LLC (U.S.), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), Qualcomm Inc. (U.S.), Semtech Corp. (U.S.), and Toshiba Corp. (Japan).
By technology, the global wireless power transmission market has been segmented into inductive, magnetic resonance, conductive, RF, and others.
By receiver, the wireless power transmission market is segmented into smartphones, gadgets and wearable electronics, and others.
By transmitter, the global wireless power transmission market has been segmented into standalone charger, electric vehicle charging, industrial and others.
By transmitter, the wireless power transmission market is segmented into automotive, industrial, banking, healthcare, consumer electronics, and others. Among these, the automotive segment accounted for the largest market share and is likely to retain a significant share of the market over the next couple of years. The growth can be ascribed to the launch of innovative products in the market owing to technological advancements.
When it comes to the regional classification, then it is also classified in different regions such as North America, Asia Pacific, Japan, western Europe, Eastern Europe, and Africa. There is a country which invests more money in this is counted as north America. They spend a lot of money so that they can reduce the overhead installation costs. The European market is also taking an interest in this. They are also paying great attention to this technology. There is a company which is known as EGVI works on these things. It is continuously emerging in different regions because of the popularity and its application. It has numerous benefits.
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Important Features that are Under Offering & Key Highlights of the Report:
- Detailed overview of Wireless Power Transmission market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application etc
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Wireless Power Transmission market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Wireless Power Transmission market performance
- Market players information to sustain and enhance their footprint
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