Wireless Power Transfer Market - Trends and Projected Market Size by 2020 – 2022

Posted by Akash Sangshetti on March 3rd, 2020

Market Insights:

Market Research Future (MRFR)’s latest study reveals that the global Wireless Power Transfer 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 Transfer 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.

Key Players

The key players of Wireless Power Transfer Market 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.

Segments

The Global Wireless Power Transmission market has been segmented on the basis of technology, receiver, transmitter and region. By technology, the market has been bifurcated into Inductive, Magnetic Resonance, Conductive, RF among others. On the basis of receiver the market can be segmented as smartphones, gadgets and wearable electronics among others. On the basis of transmitter the market includes- standalone charger, electric vehicle charging, industrial and industrial among others. Further, the market has been segmented into four regions which include- North America, Europe, Asia-Pacific and RoW.

On the basis of transmitter, the market can be segmented into automotive, industrial among others. Out of these, the automotive segment accounted for the largest market share. The technology is improving as more number of companies is launching competitive products.

Regional Outlook:

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.

Table OF Contents

List OF Figures

Figure 1 Research Type

Figure 2 Global Wireless Power Transmission Market, By Technology (%)

Figure 3 Global Wireless Power Transmission Market, By Receiver (%)

Figure 4 Global Wireless Power Transmission Market, By Transmitter (%)

Figure 5 Global Wireless Power Transmission Market, By End-Users (%)

Figure 6 Global Wireless Power Transmission Market, By Regions (%)

Figure 7 North America Wireless Power Transmission Market, By Country (%)

Figure 8 North America Wireless Power Transmission Market, By Technology (%)

Figure 9 North America Wireless Power Transmission Market, By Receiver (%)

Figure 10 North America Wireless Power Transmission Market, By Transmitter (%)

Figure 11 North America Wireless Power Transmission Market, By End-Users (%)

Figure 12 Europe Wireless Power Transmission Market, By Country (%)

Figure 13 Europe Wireless Power Transmission Market, By Technology (%)

Figure 14 Europe Wireless Power Transmission Market, By Receiver (%)

Figure 15 Europe Wireless Power Transmission Market, By Transmitter (%)

Continued…

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