Wireless Power Transmission Market to Surpass USD18 billion by 2023

Posted by Madhav Shastri on June 16th, 2018

The global wireless power transmission market is anticipated to witness a higher CAGR according to a new report by S&P consulting. Wireless power transmission market is gaining a wider traction in the forecast period. Benefits in using wireless power transmission enables low maintenance cost along with robustness and consistency. Wireless power transmission (WPT) is a process that transfers electrical energy to remote areas. At the moment, wireless charging of smart gadgets is one of the latest trends across the world and the most common method used is by inductive coupling. It has been pivotal in attracting a broad array of subjects and subject to research area since it provides high technology in daily lives. Wireless power transmission is becoming a mandate use in near future since this technology enables transfer of electrical energy via a power source to an electrical load via an air gap without intersecting wires. Consumer preference for wireless connectivity and increasing need for effective charging systems is currently driving the market growth. Opportunities such as rising efficiency of power transmission is anticipated to create favorable market conditions in the upcoming period. Further, wireless power transmission is enjoying a wide acceptance over outdated power transmission technologies.

Wireless power transmission market is segmented on the basis of
• Technology
• Transmitter
• Receiver
• Geography

Technology segment is further quadfurcated into
• Magnetic resonance
• Inductive and magnetic resonance
• Conductive and RF

Receiver segment is further segmented into
• Gadgets
• Smartphones and wearable gadgets

Transmitter segment is further segmented into
• Industrial
• Electric vehicle
• Automotive and standalone charger

Geographical segmentation for industrial wireless power transmission market include
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

The Major players reported in the market include:
• Samsung
• Qualcomm Technologies, Inc.
• Texas Instruments Inc.
• Leggett & Platt, Inc
• Energizer Holdings, Inc.
• Powermat Technologies Ltd.
• PowerbyProxi Limited
• Murata Manufacturing Co., Ltd
• LG Electronics Inc.

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Madhav Shastri

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Madhav Shastri
Joined: June 15th, 2018
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