Wireless Power Transmission Market Analysis, Trends and Forecast, 2021-2030

1. Wireless Power Transmission Market size and Key Trends in terms of volume and value 2021-2030 The global wireless power transmission market derives significant growth from the usage of wireless power transmission in energy management and efficient transfer of power. It also gains remarkably from the technological advancements and the rise in digitization. The rising awareness about the benefits of wireless power transmission, such as providing clutter-free charging without cable, is fueling its demand substantially. Consumer electronic devices that need charging have become its key end users. Since wireless chargers can determine the amount of power required by every electronic device, avoiding overcharging of batteries, their usage has increased manifolds. Furthermore, as there is no AT&C loss, the loss in electricity is much less in wireless power transmission in comparison with wired power transmission. This factor is likely to fuel the application of wireless power transmission further, boosting the worldwide wireless power transmission market in the years to come, reports the research study. According to this research report, the opportunity in the global wireless power transmission market will expand at a CAGR of more than 15% over the period from 2018 to 2026. In 2017, the overall valuation of this market was US$4,000 mn. Increasing at this pace, it will reach US$20,000 mn by the end of the forecast period. All these facts and figures points towards a healthy future of the worldwide wireless power transmission markets. However, the infrastructural challenges, especially in developing countries, may limit the growth of the wireless power transmission market in the years to come. The absence of common standards and the high cost of technology may also hamper the growth of the global market, notes the market study.

2. Request A Sample of Wireless Power Transmission Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&re p_id=49866 Asia Pacific to Emerge as Most Promising Regional Market In terms of the region, Asia Pacific has been reporting its dominance on global wireless power transmission market. The constant rise in the wireless power transmission in many Asian countries has enabled consumers to have an easy access to electricity even in remote areas. This trend has turned into a catalyst for the shift from traditional power transmission to wireless one. In 2016, Asia Pacific accounted for a share of 40% in the global market. However, North America will overtake Asia Pacific in the near future and hold the most prominent market share. The increasing investments by leading players in the energy sector will drive this regional market over the next few years, reports the research study. Leading Players Focus on Developing Distribution Facilities The global wireless power transmission market displays a highly fragmented and competitive vendor landscape. The competition between Murata Manufacturing Co. Ltd., LG Electronics Inc., Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., and Texas Instruments Inc. demonstrates the competitive scenario in this market. The market is undergoing an influx of new players, which is expected to intensify the

3. competition within this market over the next few years. The key companies are planning to increase their investments for the development of their distribution channels to remain in the competition. Local and small-scale players, on the other hand, are projected to gain through forming strategic alliances with leading technology players across the world in the near future, stated the research report. The review is based on a report by Transparency Market Research, titled “Wireless Power Transmission Market (Technology - Inductive Coupling, Resonant Inductive Coupling, Capacitive Coupling; Range - Near Field, Far Field; Application - Automobile, Industrial, Consumer Electronics, Health Care) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.” Purchase A Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=49866&lt ype=S The Global Wireless Power Transmission Market is segmented into: Technology Inductive Coupling Resonant Inductive Coupling Capacitive Coupling Range Near Field Far Field Application Automobile Industrial Consumer Electronics Health Care Region North America oCanada oU.S. Europe oUK oGermany

4. oFrance oItaly oSpain oRussia oRest of Europe Asia Pacific oChina oJapan oIndia oAustralia & New Zealand oRest of Asia Pacific Latin America oBrazil oMexico oRest of Latin America Middle East & Africa oGCC countries oSouth Africa oRest of Middle East & Africa About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact- oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. US Office Contact 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453

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