The latest report on Wireless Power Transmission Market by Infinium Global Research gives complete coverage of the Wireless Power Transmission Market by range (near field, far field), type (microwave power transmission, inductive coupling power transmission, resonance), end-user (consumer electronics, healthcare, automotive, industrial), region (North America, Europe) in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of Wireless Power Transmission such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Wireless Power Transmission Mainly Uses Three Main Systems Such as Microwaves, Solar Cells, and Resonance
Wireless power transmission mainly uses three main systems such as microwaves, solar cells, and resonance. Wireless power transmission is the transmission of electrical energy from a power source to an electrical load without man made conductors. Microwaves are used in an electrical device to transmit electromagnetic radiation from a source to a receiver. A wireless data transmission eliminates the need for wires. With the increase in wireless data application, the need for wireless energy transfer technology has increased.
Moreover, the wireless power transmission technique can be used to charge gadgets like mobile phone, laptop battery, iPod, propeller clock, etc. In addition, this sort of charging offers a lower risk of electrical shock. Wireless power transfer not only reduces the risk of shock but also stops to plug frequently into the sockets. The concept of near field vs. far-field radiation is relevant to Wireless Power Transmission. Wireless power transmission is used in military applications, such as robots, wireless charging technology to help soldiers, and sensors used in submarines.
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Powered Equipment and Effective Charging Systems are the Factors Driving the Growth of the Wireless Power Transmission Industry
The increasing need for battery powered equipment and effective charging systems are the factors driving the growth of the wireless power transmission market. Moreover, emerging need for new wireless power transmission applications such as solar-power satellites is likely to boost the global market growth. However, interference of microwaves with current communication systems and rising prices of wireless power technology is hampering the growth of the wireless power transmission system during the forecast period. Furthermore, the rising efficiency of power transmission is projected to create favorable market conditions in the upcoming period.
For instance, Samsung Galaxy that carries wireless charging capabilities is Google Nexus and Motorola Droid. The adoption in a range of smartphones in the inductive wireless power transmission market is anticipated to hoist smartphones as a larger receiver application. On the other hand, automobile manufacturers including Honda, Nissan, and Toyota Motors are focusing more on electrically charged vehicles to create greater opportunities over the years to come. Among the geographies, Asia Pacific held the largest share in the wireless power transmission and it is considered as the hub for consumer electronic products such as smartphones, tablets, laptops, and wearable devices. Mexico is emerging as a new manufacturing hub due to low manufacturing cost and rising demand for in North American regions such as the U.S. and Canada.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Wireless Power Transmission.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.