September 2 2020
Market Research Future published a research report on “Wireless Power Transmission Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
The worldwide wireless power transmission market is valued as it can witness a vigorous development during the forecast period (2016-2022). The alluring advantages of wireless power transmission are taking the market to achieve a valuation of USD ~12 billion by 2022, reveals Market Research Future in its in-depth study.
Growth Drivers & Key Challenges
The key factors causative to the growth of the Wireless Power Transmission Market are attributed to the rising consumer’s preference towards wireless connectivity, the need for effective charging systems as well as features such as reliability, efficiency, fast, low maintenance cost. The beneficiaries of wireless power transmission that has been noteworthy where interconnecting wires are not possible and, at the same time, hazardous have impacted the market to expand considerably over the years.
At the same time, the market also possesses other various benefits for end-users such as convenience, lower energy consumption & prolonged battery life, and more have also influenced the market to grow during the forecast period as well. Along with this, the swelling growth in the consumer electronics market, mainly in developed countries such as South Korea and Japan, as well as the rising need for battery-powered equipment, are constructively driving the growth of the market in the present scenario. With this, the spread of awareness about battery technology is also fueling the growth of the market globally.
Get More Details of Report @ https://www.marketwatch.com/press-release/wireless-power-transmission-market-2020-global-size-share-industry-segments-growth-factors-developments-historical-analysis-future-plans-and-regional-forecast-to-2022-2020-08-18
On the flip side, the factor of high cost related to the wireless power technology, as well as lack of infrastructure in concerned with wireless power devices are posing a hindrance to the progress of the wireless power transmission market during its growth period. Simultaneously, the mounting efficiency of power transmission now is anticipated to bring in more opportunities in the market. The latest developments for wireless charging have developed products that are based on laser and microwave technologies.
The analysis of the segments of the Wireless Power Transmission Market has been carried out on the basis of technology, transmitter, receiver, and region. On the basis of technology, the wireless power transmission market has been segmented into Magnetic Resonance, Inductive, Conductive, RF among others. On the basis of receiver, the wireless power transmission market is segmented into gadgets, smartphones, and wearable electronics among others. Based on the transmitter the wireless power transmission market consists of electric vehicle charging, standalone charger, industrial and industrial among others. The segmentation of the wireless power transmission market on the basis of geography comprises of Europe, North America, Asia Pacific and rest of the world. By transmitter, the wireless power transmission market can be segmented into industrial and automotive among others.
The key players of global wireless power transmission report include Ossia, Inc. (U.S.), Wi-Charge Ltd. (Israel), Energous Corporation (U.S.), Humavox Ltd. (Israel), Fulton Innovation LLC (U.S.), Qualcomm Inc. (U.S.), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), Semtech Corp. (U.S.), Toshiba Corp. (Japan) and others.
Wireless Power Transmission Market - Regional Analysis
The regions covered in the wireless power transmission market are Europe, North America, Asia Pacific and rest of the world. The North American region is accredited with the principal market share particularly in the nations such as the U.S, chiefly owing to increased investments on the implementation of wireless power technology and also lessening of the overhead installation charges. The European regional market is anticipated to expand over the forecast period as the region is one of the initial adopters of this technology and wireless power transmission is particularly used in wearable electronics and electric vehicles. Hence it is anticipated to lift the market’s growth over the course of the forecast period.
Get complete Report @ https://www.marketresearchfuture.com/reports/wireless-power-transmission-market-2341
Table OF Contents
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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