Wireless Power Transmission Market Growth, Demand and Forecast - 2031
The Wireless Power Transmission Market sector is undergoing rapid transformation, with significant growth and innovations expected by . In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.
Brief Overview of the Wireless Power Transmission Market:
The global Wireless Power Transmission Market is expected to experience substantial growth between 2024 and . Starting from a steady growth rate in 2023, the market is anticipated to accelerate due to increasing strategic initiatives by key market players throughout the forecast period.
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Which are the top companies operating in the Wireless Power Transmission Market?
The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Wireless Power Transmission Market report provides the information of the Top Companies in Wireless Power Transmission Market in the market their business strategy, financial situation etc.
SAMSUNG (South Korea), Wi-Charge. (Israel), Energous Corporation (US), Semtech (US), TOSHIBA CORPORATION (Japan), Panasonic Corporation (Japan), ROHM CO., LTD. (Japan), Murata Manufacturing Co (Japan), Koninklijke Philips N.V. (Netherlands), uBeam (US), HUMAVOX LTD (Israel), Powermat (India), Powercast Corp. (US), Fulton Innovation LLC (US), TDK Corporation (Japan), WiTricity Corporation (US), Integrated Device Technology, Inc. (US), Texas Instruments Incorporated (US), and Ossia Inc. (US), among others
Report Scope and Market Segmentation
Which are the driving factors of the Wireless Power Transmission Market?
The driving factors of the Wireless Power Transmission Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.
Wireless Power Transmission Market - Competitive and Segmentation Analysis:
**Segments**
- By Technology: Inductive Coupling, Magnetic Resonance, Radio Frequency, Microwave
- By Range: Near Field, Far Field
- By Application: Consumer Electronics, Healthcare, Automotive, Industrial, Aerospace & Defense
**Market Players**
- Energous Corporation
- Witricity Corporation
- Qualcomm Technologies, Inc.
- Powermat Technologies Ltd.
- Mitsubishi Electric Corporation
- Convenient Power HK Limited
- PowerbyProxi
- Groupe Legrand
- Powercast Corporation
- Ossia Inc.
The global wireless power transmission market is expected to witness significant growth between 2022 and 2029. Several factors drive this growth, including increasing adoption of wireless charging technology in various industries such as consumer electronics, healthcare, automotive, industrial, aerospace, and defense. The market is segmented based on technology into inductive coupling, magnetic resonance, radio frequency, and microwave. Among these, the inductive coupling segment is expected to hold a significant market share due to its wide range of applications and relatively lower costs. Furthermore, based on range, the market is divided into near field and far-field technologies, with the near field segment expected to dominate the market due to its convenience and efficiency.
In terms of application, the consumer electronics segment is anticipated to lead the market as wireless charging technology becomes more integrated into smartphones, wearables, and other devices. The healthcare industry is also a key application area for wireless power transmission, particularly in medical devices and equipment that require continuous and reliable power supply. Automotive is another important segment, with the increasing demand for electric vehicles driving the adoption of wireless charging solutions. Industrial, aerospace, and defense sectors are also expected to contribute to the market growth, with wireless power transmission technology offering enhanced efficiency and reliability in various applications.
Key players in the global wireless power transmission market include Energous Corporation, Witricity Corporation, Qualcomm Technologies, Inc., Powermat Technologies Ltd., Mitsubishi Electric Corporation, Convenient Power HK Limited, PowerbyProIn the global wireless power transmission market, key players such as Energous Corporation, Witricity Corporation, and Qualcomm Technologies, Inc. are at the forefront of driving innovation and advancements in the field. These companies are investing heavily in research and development to improve the efficiency and effectiveness of wireless charging technologies across various industries. Energous Corporation, known for its WattUp wireless charging technology, is focused on expanding its product offerings and partnerships to capitalize on the growing demand for wireless power solutions. Similarly, Witricity Corporation has established itself as a leader in magnetic resonance-based wireless charging systems, catering to a wide range of applications from electric vehicles to consumer electronics.
Qualcomm Technologies, Inc. is leveraging its expertise in mobile technology to develop wireless charging solutions that are efficient and compatible with a wide range of devices. The company's Qualcomm Quick Charge technology has set industry standards for fast and reliable charging, driving the adoption of wireless charging in smartphones and other consumer electronics. Powermat Technologies Ltd., another prominent player in the market, has been actively involved in deploying wireless charging infrastructure in public spaces such as airports, cafes, and offices to enhance user convenience and accessibility to power sources.
Mitsubishi Electric Corporation is also a key player in the global wireless power transmission market, with a focus on developing innovative solutions for industrial automation, energy management, and smart grid applications. The company's wireless power technologies offer high levels of efficiency and safety, making them ideal for critical infrastructure and high-demand environments. Convenient Power HK Limited, PowerbyProxi, Groupe Legrand, Powercast Corporation, and Ossia Inc. are also contributing to the market with their unique offerings and strategic collaborations.
Overall, the global wireless power transmission market is poised for significant growth and disruption in the coming years, driven by technological advancements, increasing consumer demand, and the need for more convenient and sustainable power solutions. As key players continue to innovate and expand their presence in different industries, the market is expected to witness a surge in adoption and deployment of**Market Players**
- SAMSUNG (South Korea)
- Wi-Charge. (Israel)
- Energous Corporation (US)
- Semtech (US)
- TOSHIBA CORPORATION (Japan)
- Panasonic Corporation (Japan)
- ROHM CO., LTD. (Japan)
- Murata Manufacturing Co (Japan)
- Koninklijke Philips N.V. (Netherlands)
- uBeam (US)
- HUMAVOX LTD (Israel)
- Powermat (India)
- Powercast Corp. (US)
- Fulton Innovation LLC (US)
- TDK Corporation (Japan)
- WiTricity Corporation (US)
- Integrated Device Technology, Inc. (US)
- Texas Instruments Incorporated (US)
- Ossia Inc. (US)
In the global wireless power transmission market, key players such as Samsung, Wi-Charge, and Energous Corporation are prominent innovators driving advancements in the industry. These companies are actively involved in developing and deploying wireless charging solutions across various sectors to meet the growing demand for convenient and efficient power transfer technologies. Samsung, a leading technology company based in South Korea, has been at the forefront of integrating wireless charging capabilities into its smartphones, wearables, and other devices, making it a key player in the consumer electronics segment. Wi-Charge, an Israeli company specializing in long-range wireless power technologies, focuses on delivering innovative solutions for industrial and commercial applications, contributing to the market's diversification and evolution.
Energous Corporation, based
North America, particularly the United States, will continue to exert significant influence that cannot be overlooked. Any shifts in the United States could impact the development trajectory of the Wireless Power Transmission Market. The North American market is poised for substantial growth over the forecast period. The region benefits from widespread adoption of advanced technologies and the presence of major industry players, creating abundant growth opportunities.
Similarly, Europe plays a crucial role in the global Wireless Power Transmission Market, expected to exhibit impressive growth in CAGR from 2024 to .
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Key Benefits for Industry Participants and Stakeholders: –
- Industry drivers, trends, restraints, and opportunities are covered in the study.
- Neutral perspective on the Wireless Power Transmission Market scenario
- Recent industry growth and new developments
- Competitive landscape and strategies of key companies
- The Historical, current, and estimated Wireless Power Transmission Market size in terms of value and size
- In-depth, comprehensive analysis and forecasting of the Wireless Power Transmission Market
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-) of the following regions are covered in Chapters
The countries covered in the Wireless Power Transmission Market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of the Middle East and Africa
Detailed TOC of Wireless Power Transmission Market Insights and Forecast to
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Wireless Power Transmission Market Landscape
Part 05: Pipeline Analysis
Part 06: Wireless Power Transmission Market Sizing
Part 07: Five Forces Analysis
Part 08: Wireless Power Transmission Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Wireless Power Transmission Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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