Increasing Demand For Wireless Charging Solution To Trigger The Growth Of Wireless Power Transmission Market In Future, According To Research Nester
“Wireless Power Transmission Market:
Global Demand Analysis & Opportunity Outlook 2024”
The global
wireless power transmission market is segmented into technology such as induction,
radiation, conduction and resonance. Among these segments, induction power
transmission segment is expected to occupy the top position in wireless power
transmission market. Rising utilization and demand for inductive wireless
charging in consumer electronics is anticipated to foster the growth of inductive
wireless power transmission market. Further, factors such as reliability and
low cost as compared to other wireless power transmission technologies is
expected to swell the demand for inductive power transmission segment during
the forecast period.
Global wireless
power transmission market is expected to flourish at a CAGR of 20.7% over the
forecast period. Moreover, the global wireless power transmission market was
held at a valuation of USD 2.43 Billion in 2016. Increasing consumer
inclination towards wireless connectivity and rising disposable income of the
population are believed to the dynamic factor behind the growth of wireless
power transmission market during the forecast period.
The consumer
electronics segment by application is estimated to grow at a significant CAGR during
the forecast period. Moreover, consumer electronics segment is expected to
account for the largest share of revenue across the globe. Wide scale
application of wireless power transmission in consumer electronics products
such as smartphone, tablet, laptop and accessories charging is anticipated to
drive the growth of the wireless power transmission market. In recent years,
smartphones sale has registered an exponential growth and is forecasted to grow
in the upcoming years. This factor is envisioned to bolster the growth of
wireless power transmission market globally.
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Growth in Consumer Technology
Innovations and development
of new consumer electronic products such as wearable devices is fuelling the
growth of wireless power transmission market. Further, increasing preference
for innovative consumer electronic products has triggered the demand for wireless
power transmission products. Furthermore, development of effective and reliable
wireless laptop charger is also anticipated to garner the growth of the
wireless power transmission market.
Increasing Application in Automotive Sector
With
the increasing sale of electric vehicles across the globe, automotive
manufacturers are focusing more on the wireless power transmission technology
for automobiles. Moreover, various manufacturers are engaged in the development
of effective wireless car chargers. This factor is expected to boost the growth
of wireless power transmission market in the upcoming years.
Although,
high cost of wireless chargers and availability of low priced wireless chargers
from the local vendors are some of the factors that are likely to inhibit the
growth of the wireless power transmission market in the near future.
The
report titled “Wireless Power
Transmission Market: Global Demand Analysis &
Opportunity Outlook 2024” delivers
detailed overview of the global wireless power transmission market in terms of
market segmentation by technology, by transmission range, by application and by
region.
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Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This
report also provides the existing competitive scenario of some of the key
players of the global wireless power transmission market which includes company
profiling of Toshiba Corporation, Qualcomm Co., Texas
Instrument Inc., Energizer, Witricity Corporation, ConvenientPower HK Ltd., Leggett
& Platt Inc., Murata Manufacturing Co. Ltd., and Powermat Technologies Ltd.
The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global wireless
power transmission market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the future.
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The Analyst @
About Us:-
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take
wise
decision so as to avoid future uncertainties.
Contact for more
Info:
Ajay
Daniel
Phone: +1 6465869123
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