Market Research Future published a research report on “Wireless Power Transmission Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
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).
The market segment of wireless power transmission depends upon the transmission type and range. It is dependent upon the application of the technology also. The application segment is further divided into sub-segments such as consumer electronics, automotive defense, and the health care industry. Now the consumer electronics is divided into the subcategories like phone, laptops, and tablets, etc. It is also segmented on the basis of the range of transmission. It is segmented on the basis of with and without batter and many other factors.
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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Table Of Contents: Global Wireless Power Transmission Market
1 Executive Summary
2 Scope Of The Report
2.1 Wireless Power Transmission Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Wireless Power Transmission Market Structure
3 Wireless Power Transmission Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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