Market Research Future Published a Half-Cooked Research Report on "Wireless Power Transmission Market"
MRFR recognizes the following companies as the key players in the global Wireless Power Transmission market— Wi-Charge Ltd, Texas Instruments Inc, Toshiba Corporation, and Qualcomm Inc.
The global Wireless Power Transmission market is accounted to register a CAGR of 20.40% during the forecast period and is estimated to reach USD 28.6 billion by 2030.
The Wireless Power Transmission Market refers to the industry focused on the development and implementation of technologies that enable the transmission of electrical power without the need for physical cables or wires. It encompasses various wireless charging technologies and applications, including inductive charging, resonant charging, and radio frequency energy harvesting. The market is driven by the increasing demand for convenient and efficient charging solutions for a wide range of devices and industries.
The global Wireless Power Transmission market has been segmented Technology and Receiver .
Based on technology, the market is segmented into inductive, magnetic resonance, conductive, RF, and infrared. In terms of market revenue for wireless power transmission in 2022, the magnetic resonance segment dominated the market. Wireless power transfer using magnetic resonance can provide up to 11kW to equipment that requires a lot of electricity.
Based on receiver, the global Wireless Power Transmission market has been segmented into smartphones, tablets, wearable electronics, and notebooks. Due to the adoption of inductive wireless power transmission in a variety of smartphones over the past few years, smartphones are the largest receiver application for wireless power transmission technology.
The global Wireless Power Transmission market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Wireless Power Transmission market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Wireless Power Transmission market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Wireless Power Transmission market comprises of Middle East, Africa, and Latin America.
The North America Wireless Power Transmission Market dominated this market in 2022 (3.6%). research and development expenditures on WPT technology in the region's countries, particularly in the U.S. and Mexico, as well as rising adoption of the technology in electric vehicles (EVs).
Additionally, Due to the rapid development of electric vehicles (EVs) and electronic gadgets like tablets and smartphones in countries around the region, particularly in the UK, Germany, Italy, and France, Europe's wireless power transmission market has the second-largest market share. Additionally, the UK wireless power transmission market had the quickest rate of growth in the European region, while the German wireless power transmission market had the greatest market share.
Furthermore, From 2022 to 2030, the Asia-Pacific Wireless Power Transmission Market is anticipated to experience the quickest CAGR growth. This is due to the growing use of WPT technology in the region's consumer electronics and automotive industries, particularly in China, India, and Japan.
Key Findings of the Study