Wireless Power Transmission Market Size, Share, Growth Report 2032

Wireless Power Transmission Market

Wireless Power Transmission Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024–2032

Category: Semiconductor & Electronics Report Format : PDF Report Code: ZMR-1218 Status : Upcoming
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 12.26 Billion USD 21.43 Billion 6.4% 2023

Wireless Power Transmission Market

Description

Wireless Power Transmission Market Insights

According to the report published by Zion Market Research, the global Wireless Power Transmission Market size was valued at USD 12.26 Billion in 2023 and is predicted to reach USD 21.43 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.4% during the forecast period. The report analyzes the global Wireless Power Transmission Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Labeling Equipment Market industry.

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Global Wireless Power Transmission Market: Overview

Wireless power transmission is the wireless technology through which power is transmitted from one place to another. In this, electromagnetic energy is transferred from power sources to electric loads. It is widely used mode of transmission for the electrical energy. The main drawback of this mode is that certain amount of energy is lost during transmission. Wireless power transmission is fast and consistent in nature; apart from this, it uses both short and long-range transmissions. However, it requires low maintenance cost. Wireless power transmission is usually used to transfer energy to remote areas. It is extensively used in the consumer electronics goods applications such as smartphones, laptops, and tablets. Whereas, largest application of the wireless power transmission is the solar-power satellites. It is used in robots and fuel-free rockets, fuel-free aircraft, and fuel-free electric automobiles.

Global Wireless Power Transmission Market: Growth Factors

Poor transmission tools are replaced with the latest technology, and wireless power transmission is largely adopted; this is the major driving factor of the global wireless power transmission market. Technological advancements and innovations have opened up new growth opportunities in the global market. Increasing demand for functioned devices may foster the global market growth. Important companies focusing on investing on product development and research & development activities is expected to fuel the global wireless power transmission market growth. Moreover, emerging need for new wireless power transmission applications such as solar-power satellites also boosts the global market growth. However, the high initial cost required for implementation of the wireless power transmission, interference of microwaves with current communication systems and loss of energy during transmission are major challenges faced by global wireless power transmission market.

Global Wireless Power Transmission Market: Segmentation

The global wireless power transmission market is divided based on technology as non-radioactive techniques and radioactive techniques. Based on the application, the global market is classified as automotive, consumer electronics, defense, healthcare, and automotive. Consumer electronics is further sub-segmented as wearable electronics, mobile phones, laptops, and tablets. Moreover, the global market is segmented on the basis of transmission types as devices with battery and devices without battery. Furthermore, the global market is categorized based on transmission range as long, short, and medium range.

Wireless Power Transmission Market: Report Scope

Report Attributes Report Details
Report Name Wireless Power Transmission Market
Market Size in 2023 USD 12.26 Billion
Market Forecast in 2032 USD 21.43 Billion
Growth Rate CAGR of 6.4%
Number of Pages 214
Key Companies Covered WiTricity, Qualcomm, ConvenientPower HK, Leggett & Platt, Energizer Holdings, Inc., and Plugless Power. Other players influencing the global market include Powermat Technologies Ltd., Murata Manufacturing Co., Ltd., Integrated Device Technology, Inc., and Texas Instruments
Segments Covered By technology, By application, By Component and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Wireless Power Transmission Market: Regional Analysis

Asia Pacific is the dominating region across the world due to the positive outlook in the electronics industries in China, South Korea, and Japan. Growing automobile industry in Indonesia, China, and Malaysia may open up gateways for new growth opportunities. Mexico is emerging as a new manufacturing hub due to low manufacturing cost and rising demand for in North American regions such as the U.S. and Canada. The U.S. is highly investing in the wireless power transmission technology to utilize power system networks and minimize the expenditure need to installed overhead cables. Europe is also showing a significant growth in the near future. Positive outlook in Mexico may drive the demand for wireless power transmission market.

Global Wireless Power Transmission Market: Competitive Players

Major players operating in the global wireless power transmission market are WiTricity, Qualcomm, ConvenientPower HK, Leggett & Platt, Energizer Holdings, Inc., and Plugless Power. Other players influencing the global market include Powermat Technologies Ltd., Murata Manufacturing Co., Ltd., Integrated Device Technology, Inc., and Texas Instruments.

Global Wireless Power Transmission Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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