The Need For Technology Advancement Is A Crucial Factor That Boosts The Wireless Power Transmission Market.
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According to MarketIntelReports' “Global Wireless Power Transmission Market Report and Forecast to 2021”:
Browse 165 Pages and an in-depth TOC on “Wireless Power Transmission Market 2017-2021” here
Wireless power transfer is defined as a process of transmitting electromagnetic energy from the power source to the electric load without wires. This method is useful for transmitting power to remote locations.
The generation of electricity without wires is in great demand in consumer electronics like smartphones, laptops, and other devices. This technology is also used in defence and healthcare sectors.
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Due to its fast and consistent nature, wireless current transfer is used for short and long range transmissions. Low maintenance cost is the main advantage of this method.
Energy transmission without wires is also applicable in fuel free aircrafts, fuel free electric automobiles, and robots.
Scope & Regional Forecast of the Wireless Power Transmission Market
The rising need for battery powered equipment has augmented the demand for the Wireless Power Transmission Market. User awareness will also drive the need for energy transmission without wires.
But the rising cost of this transmission will be an inhibitor for the market. The issues of power without wires will also be a restraining factor.
Automobile manufacturers like Honda, Nissan, and Toyota Motors aim to produce electric charged vehicles. This will create more opportunities for the wireless electromagnetic energy transfer.
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US is investing high on the use of transmission of electricity without wires to reduce the costs for installing overhead cables. Though the technology is in the initial stage, it can provide lots of opportunities for new entrants.
Europe, Asia Pacific, LAMEA will also show tremendous growth.
The demand for digitalization, smart lighting, bullet trains will serve as a catalyst for the Wireless Power Transmission Market. The radio frequency technology segment will have a high growth rate due to its demand in devices like wearable and medical devices.
Wireless power transmission is more efficient than the traditional form of transmission, since it reduces energy crisis.
Segmentations & Key Players Involved in the Wireless Power Transmission Market
The Wireless Power Transmission Market can be broken down into various segments as follows:
- Application- Consumer Electronics, Automotive, and Industrial.
- Product Type- Inductive Coupling, Resonant Inductive Coupling, and Capacitive Coupling.
- Region- North America, Europe and Asia-Pacific.
Some of the key players involved in the Wireless Power Transmission Market are as follows:
- LG Electronics
- SAMSUNG ELECTRONICS Co
- Qualcomm Technologies
- Texas Instruments Inc
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