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Wireless Power Transmission Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

  • Report

  • 255 Pages
  • October 2023
  • Region: Global
  • Infinium Global Research
  • ID: 5626350
The report on the global wireless power transmission market provides qualitative and quantitative analysis for the period from 2021-2030. The global wireless power transmission market was valued at USD 35.02 billion in 2022 and is expected to reach USD 186.76 billion in 2030, with a CAGR of 20.39% during the forecast period 2023-2030. The study on wireless power transmission market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

Wireless Power Transfer (WPT) is a technology that enables the transmission of electrical power without the use of physical wires. This innovative approach relies on the use of time-varying electric, magnetic, or electromagnetic fields to transfer power. In wireless power transmission systems, a power source sends electromagnetic energy to an electric load without the use of traditional conductive wires. The primary methods employed in wireless power transmission include microwaves, solar cells, and resonance. Microwaves are harnessed within electrical devices to transmit electromagnetic radiation from a source to a receiver, effectively enabling the wireless transfer of power. This eliminates the necessity for physical connections, making it particularly advantageous for various applications, including military uses. In military contexts, wireless power transmission plays a crucial role in applications such as robotic systems, wireless charging technology to assist soldiers, and sensor deployment in submarines. This technology revolutionizes power distribution by offering efficient and wire-free solutions.

The growth of the wireless power transmission market is primarily driven by the increasing demand for battery-powered devices and the need for efficient charging systems. Additionally, the emergence of new applications for wireless power transmission, such as solar-power satellites, is expected to further stimulate global market growth. Moreover, the continuously improving efficiency of power transmission systems is anticipated to create favorable conditions for the market in the near future. Notably, popular smartphones like Samsung Galaxy, Google Nexus, and Motorola Droid are equipped with wireless charging capabilities, contributing to the broader adoption of inductive wireless power transmission in the smartphone market. In the automotive sector, companies like Honda, Nissan, and Toyota Motors are increasingly focusing on electrically charged vehicles, opening up significant opportunities for wireless power transmission solutions over the forecast period. However, challenges exist, including the interference of microwaves with existing communication systems and the rising costs associated with wireless power technology, which are hindering the market's growth. Lockdown measures led to the suspension of semiconductor and electronics production facilities due to a shortage of available workforce worldwide. Travel bans and facility closures imposed by governments kept workers away from factories, which disrupted market growth. Additionally, the market suffered from raw material shortages and decreased demand during the pandemic, leading to constraints in its growth prospects within the forecast period.

The global wireless power transmission market is divided into several regions, including North America, Europe, Asia Pacific, and the Middle East & Africa. Currently, North America holds the largest share of the global wireless power transmission market. Notably, Mexico is emerging as a burgeoning manufacturing hub, driven by cost-effectiveness and increasing demand in North American countries like the United States and Canada. However, it is expected that the Asia Pacific region will exert significant dominance and drive market expansion during the forecast period. This is particularly attributed to the flourishing automobile sector in countries like China and India, which is poised to fuel market growth in the coming years.

Report Findings

1) Drivers

  • The increasing need for battery powered equipment and effective charging systems is expected to propel the market growth.
  • Advanced developments in the long-range wireless power transmission will drive market growth.

2) Restraints

  • The high cost of the wireless power transmission will restrain the growth.

3) Opportunities

  • The rising efficiency of power transmission will provide growth opportunities to the market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents.

The primary respondents approached include:

1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include:

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include:

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segments Covered

The global wireless power transmission market is segmented on the basis of range, type, and end user industries.

The Global Wireless Power Transmission Market by Range

  • Near Field
  • Far Field

The Global Wireless Power Transmission Market by Type

  • Microwave Power Transmission
  • Inductive Coupling Power Transmission and Resonance

The Global Wireless Power Transmission Market by End User Industries

  • Consumer Electronics
  • Healthcare
  • Automotive
  • Industrial
  • Others (Drones, Solar Power Satellite)

Company Profiles

The companies covered in the report include:

  • Koninklijke Philips N.V.
  • PowerbyProxi (acquired by Apple Inc.)
  • SAMSUNG
  • Texas Instruments Incorporated
  • Integrated Device Technology, Inc.(acquired by Renesas)
  • TDK CORPORATION
  • Powermat
  • WiTricity Corporation
  • PLUGLESS POWER INC.
  • Salcomp Plc

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the wireless power transmission market.

2. Complete coverage of all the segments in the wireless power transmission market to analyze the trends, developments in the global market and forecast of market size up to 2030.

3. Comprehensive analysis of the companies operating in the global wireless power transmission market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. The Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Wireless Power Transmission Market Highlights
2.2. Wireless Power Transmission Market Projection
2.3. Wireless Power Transmission Market Regional Highlights
Chapter 3. Global Wireless Power Transmission Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. Growth Matrix Analysis
3.4.1. Growth Matrix Analysis by Range
3.4.2. Growth Matrix Analysis by Type
3.4.3. Growth Matrix Analysis by End User Industries
3.4.4. Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Wireless Power Transmission Market
Chapter 4. Wireless Power Transmission Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Wireless Power Transmission Market
5.2. Companies Profiles
5.2.1. Koninklijke Philips N.V.
5.2.2. PowerbyProxi (acquired by Apple Inc.)
5.2.3. SAMSUNG
5.2.4. Texas Instruments Incorporated
5.2.5. Integrated Device Technology, Inc. (acquired by Renesas)
5.2.6. TDK CORPORATION
5.2.7. Powermat
5.2.8. WiTricity Corporation
5.2.9. PLUGLESS POWER INC.
5.2.10. Salcomp Plc
Chapter 6. Global Wireless Power Transmission Market by Range
6.1. Near Field
6.2. Far Field
Chapter 7. Global Wireless Power Transmission Market by Type
7.1. Microwave Power Transmission
7.2. Inductive Coupling Power Transmission and Resonance
Chapter 8. Global Wireless Power Transmission Market by End User Industries
8.1. Consumer Electronics
8.2. Healthcare
8.3. Automotive
8.4. Industrial
8.5. Others (Drones, Solar Power Satellite)
Chapter 9. Global Wireless Power Transmission Market by Region 2023-2030
9.1. North America
9.1.1. North America Wireless Power Transmission Market by Range
9.1.2. North America Wireless Power Transmission Market by Type
9.1.3. North America Wireless Power Transmission Market by End User Industries
9.1.4. North America Wireless Power Transmission Market by Country
9.1.4.1. The U.S. Wireless Power Transmission Market
9.1.4.1.1. The U.S. Wireless Power Transmission Market by Range
9.1.4.1.2. The U.S. Wireless Power Transmission Market by Type
9.1.4.1.3. The U.S. Wireless Power Transmission Market by End User Industries
9.1.4.2. Canada Wireless Power Transmission Market
9.1.4.2.1. Canada Wireless Power Transmission Market by Range
9.1.4.2.2. Canada Wireless Power Transmission Market by Type
9.1.4.2.3. Canada Wireless Power Transmission Market by End User Industries
9.1.4.3. Mexico Wireless Power Transmission Market
9.1.4.3.1. Mexico Wireless Power Transmission Market by Range
9.1.4.3.2. Mexico Wireless Power Transmission Market by Type
9.1.4.3.3. Mexico Wireless Power Transmission Market by End User Industries
9.2. Europe
9.2.1. Europe Wireless Power Transmission Market by Range
9.2.2. Europe Wireless Power Transmission Market by Type
9.2.3. Europe Wireless Power Transmission Market by End User Industries
9.2.4. Europe Wireless Power Transmission Market by Country
9.2.4.1. Germany Wireless Power Transmission Market
9.2.4.1.1. Germany Wireless Power Transmission Market by Range
9.2.4.1.2. Germany Wireless Power Transmission Market by Type
9.2.4.1.3. Germany Wireless Power Transmission Market by End User Industries
9.2.4.2. United Kingdom Wireless Power Transmission Market
9.2.4.2.1. United Kingdom Wireless Power Transmission Market by Range
9.2.4.2.2. United Kingdom Wireless Power Transmission Market by Type
9.2.4.2.3. United Kingdom Wireless Power Transmission Market by End User Industries
9.2.4.3. France Wireless Power Transmission Market
9.2.4.3.1. France Wireless Power Transmission Market by Range
9.2.4.3.2. France Wireless Power Transmission Market by Type
9.2.4.3.3. France Wireless Power Transmission Market by End User Industries
9.2.4.4. Italy Wireless Power Transmission Market
9.2.4.4.1. Italy Wireless Power Transmission Market by Range
9.2.4.4.2. Italy Wireless Power Transmission Market by Type
9.2.4.4.3. Italy Wireless Power Transmission Market by End User Industries
9.2.4.5. Rest of Europe Wireless Power Transmission Market
9.2.4.5.1. Rest of Europe Wireless Power Transmission Market by Range
9.2.4.5.2. Rest of Europe Wireless Power Transmission Market by Type
9.2.4.5.3. Rest of Europe Wireless Power Transmission Market by End User Industries
9.3. Asia Pacific
9.3.1. Asia Pacific Wireless Power Transmission Market by Range
9.3.2. Asia Pacific Wireless Power Transmission Market by Type
9.3.3. Asia Pacific Wireless Power Transmission Market by End User Industries
9.3.4. Asia Pacific Wireless Power Transmission Market by Country
9.3.4.1. China Wireless Power Transmission Market
9.3.4.1.1. China Wireless Power Transmission Market by Range
9.3.4.1.2. China Wireless Power Transmission Market by Type
9.3.4.1.3. China Wireless Power Transmission Market by End User Industries
9.3.4.2. Japan Wireless Power Transmission Market
9.3.4.2.1. Japan Wireless Power Transmission Market by Range
9.3.4.2.2. Japan Wireless Power Transmission Market by Type
9.3.4.2.3. Japan Wireless Power Transmission Market by End User Industries
9.3.4.3. India Wireless Power Transmission Market
9.3.4.3.1. India Wireless Power Transmission Market by Range
9.3.4.3.2. India Wireless Power Transmission Market by Type
9.3.4.3.3. India Wireless Power Transmission Market by End User Industries
9.3.4.4. South Korea Wireless Power Transmission Market
9.3.4.4.1. South Korea Wireless Power Transmission Market by Range
9.3.4.4.2. South Korea Wireless Power Transmission Market by Type
9.3.4.4.3. South Korea Wireless Power Transmission Market by End User Industries
9.3.4.5. Australia Wireless Power Transmission Market
9.3.4.5.1. Australia Wireless Power Transmission Market by Range
9.3.4.5.2. Australia Wireless Power Transmission Market by Type
9.3.4.5.3. Australia Wireless Power Transmission Market by End User Industries
9.3.4.6. Rest of Asia-Pacific Wireless Power Transmission Market
9.3.4.6.1. Rest of Asia-Pacific Wireless Power Transmission Market by Range
9.3.4.6.2. Rest of Asia-Pacific Wireless Power Transmission Market by Type
9.3.4.6.3. Rest of Asia-Pacific Wireless Power Transmission Market by End User Industries
9.4. RoW
9.4.1. RoW Wireless Power Transmission Market by Range
9.4.2. RoW Wireless Power Transmission Market by Type
9.4.3. RoW Wireless Power Transmission Market by End User Industries
9.4.4. RoW Wireless Power Transmission Market by Sub-region
9.4.4.1. Latin America Wireless Power Transmission Market
9.4.4.1.1. Latin America Wireless Power Transmission Market by Range
9.4.4.1.2. Latin America Wireless Power Transmission Market by Type
9.4.4.1.3. Latin America Wireless Power Transmission Market by End User Industries
9.4.4.2. Middle East Wireless Power Transmission Market
9.4.4.2.1. Middle East Wireless Power Transmission Market by Range
9.4.4.2.2. Middle East Wireless Power Transmission Market by Type
9.4.4.2.3. Middle East Wireless Power Transmission Market by End User Industries
9.4.4.3. Africa Wireless Power Transmission Market
9.4.4.3.1. Africa Wireless Power Transmission Market by Range
9.4.4.3.2. Africa Wireless Power Transmission Market by Type
9.4.4.3.3. Africa Wireless Power Transmission Market by End User Industries

Companies Mentioned

  • Koninklijke Philips N.V.
  • PowerbyProxi (acquired by Apple Inc.)
  • SAMSUNG
  • Texas Instruments Incorporated
  • Integrated Device Technology, Inc. (acquired by Renesas)
  • TDK CORPORATION
  • Powermat
  • WiTricity Corporation
  • PLUGLESS POWER INC.
  • Salcomp Plc

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