Within the wireless power transmission market report, the competitive analysis sheds light on pivotal moves made by key market players, unveiling their strategies encompassing new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. Offering profound market insights, this report facilitates a deeper understanding of the market landscape, anticipates potential industry challenges, and delineates optimal brand positioning strategies. Businesses gain the ability to strategize product development, customer engagement, key player interactions, sales tactics, and marketing approaches through a meticulous analysis of competitive markets.
Encompassing historic data, present trends, product consumption patterns, environmental considerations, technological advancements, future prospects, upcoming technologies, and industry progress, the wireless power transmission market report paints a comprehensive picture. Utilizing SWOT analysis and Porter's Five Forces Analysis consistently and effectively, this report is crafted. Before publication, the data undergoes rigorous verification by industry experts, ensuring its credibility and reliability for clients. With wireless power transmission market, businesses gain strategic insights for decisions spanning production, marketing, sales, and promotion, whether for an existing product in the market or for the launch of a new one.
Wireless Power Transmission Market was valued at USD 35.13 billion in 2021 and is expected to reach USD 170.19 billion by 2029, registering a CAGR of 21.80% during the forecast period of 2022-2029.
Definition
Wireless power transmission is the process of transmitting the electrical energy from the power source to the load without the presence of wires and batteries. Wireless power transmission is a technologically advanced system or transmitting electromagnetic energy into electrical signals. Inductive coupling is the most common approach to wirelessly transfer the power as it is the safest approach.
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Key Growth Drivers:
Use in Various Industries
The increase in the use of power transmission devices in various industries, including industrial, healthcare, automotive, and defense applications acts as one of the major factors driving the growth of wireless power transmission market. The rapid growth of consumer electronics also drives the market further due to high use of charging devices fir mobiles, tablets, and laptops.
Internet of Things (IoT)
The rise in the applications of the Internet of Things (IoT) including smart homes, smart cities, Machine-to-Machine (M2M) communications, and Industrial IoT (IIoT), among various others accelerate the market. The rise in adoption of home and building automation systems drives the market further.
Timely Investment
The surge in need for long term energy safety that is timely investment to supply energy further influence the market. It offers economic development and sustainable environment across the globe. The rise in the of telecommunication sector assist in the expansion of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the wireless power transmission market.
The report emphasizes the participation of key entities, notably:
- SAMSUNG (South Korea)
- Wi-Charge. (Israel)
- Energous Corporation (US)
- Semtech (US)
- TOSHIBA CORPORATION (Japan)
- Panasonic Corporation (Japan)
- ROHM CO., LTD. (Japan)
- Murata Manufacturing Co (Japan)
- Koninklijke Philips N.V. (Netherlands)
- uBeam (US)
- HUMAVOX LTD (Israel)
- Powermat (India)
- Powercast Corp. (US)
- Fulton Innovation LLC (US)
- TDK Corporation (Japan)
- WiTricity Corporation (US)
- Integrated Device Technology, Inc. (US)
- Texas Instruments Incorporated (US)
- Ossia Inc. (US)
Why consider investing in this report?
- Explore a panoramic view of the wireless power transmissionmarket, diving deep into its nuances and dynamics.
- Uncover details about leading industry players, their diverse product ranges, and the strategies fueling their success.
- Discover the thriving regional landscapes where Wireless power transmissionis making significant strides, offering valuable insights.
- Stay updated on the latest industry shifts and advancements, gaining a competitive edge.
- Identify promising pockets of growth and emerging segments or regions that hold considerable potential within the Wireless power transmission
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Key Market Segmentation
By Technology (Near-Field Technology, Far-Field Technology), Implementation (Integrated, Aftermarket), Receiver Application (Smartphones, Tablets, Wearable Electronics), Transmitter Application (Electric Vehicle Charging, Furniture, Industrial)
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