Wireless Power Transmission Market Growing Fast

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MarketsandMarkets Presents

Wireless Power Transmission Market Growing
Fast Wireless Power Transmission Market by
Technology (Induction, Magnetic Resonance),
Implementation, Transmitter, and Receiver
Application (Smartphones, Electric Vehicles,
Wearable Electronics, and Furniture) and
Geography - Global Forecast to 2022
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The Wireless Power Transmission Market is
expected to be worth USD 11.27 Billion by 2022,
growing at a CAGR of 23.15 between 2017 and
2022. The factors that are driving the growth
of the wireless power transmission market include
the convenience offered by and consumer
preference for wireless connectivity and need for
effective charging systems. The market has also
witnessed significant developments for wireless
charging as many start-ups have developed the
products based on laser and microwave
technologies, which can charge multiple devices
at a time. Browse 105 market tables and 62
figures spread through 163 pages on "Wireless
Power Transmission Market - Global Forecast to
2022"
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Magnetic resonance technology is expected to
make inroads in the wireless power transmission
market The companies and researchers have
invested significantly in the development of
resonance technology. This technology has growth
potential in applications such as smartphone
charging, electric vehicle charging, wearable
electronics charging, and industrial. Due to its
user friendliness, the market for this technology
is expected to witness the highest growth between
2017 and 2022. Ask PDF Brochure https//www.mark
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Electric vehicle charging application is
expected to surge the wireless power transmission
market between 2017 and 2022 The wireless
charging technology is considered as the best
solution for charging electric vehicles and
hybrid electric vehicles. Wireless electric
vehicle charging is possible through inductive
technology, and many companies are providing the
complete wireless charging solution for the
electric vehicles however, wireless charging yet
to realize its full potential and come to the
mainstream. In 2017, Mercedes-Benz (Germany) is
expected to launch the luxurious hybrid-powered
sedan car (probably from S-Class series) that is
enabled with the wireless charging technology.
BMW AG (Germany) is also on the list of future
wireless charging car manufacturers. Toshiba
Corporation also had a trail run for 45-seaters
electric bus for wireless charging.
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Europe, being one of the early adopters of this
technology, is expected to grow at a high rate.
Europe is the automotive hub, and the
developments in the European market, especially
in electric vehicles and wearable electronics,
are expected to boost the growth of the wireless
power transmission market in this region. The
European Green Vehicles Initiative Association
(EGVI), a Europe-based company, has undertaken
UNPLUGGED and FABRIC projects on wireless
charging of electric vehicles. Request Free
Sample Pages https//www.marketsandmarkets.com/re
questsampleNew.asp?id168050212 The major
players involved in the wireless power
transmission market include Samsung Electronics
Co., Ltd. (South Korea), Qualcomm Inc. (U.S.),
Texas Instruments Inc. (U.S.), TDK Corp. (Japan),
Witricity Corp. (U.S.), and Integrated Device
Corp. (U.S.). Various start-ups in the wireless
power transmission market include Ossia, Inc.
(U.S.), Wi-Charge Ltd. (Israel), Energous
Corporation (U.S.), Humavox Ltd. (Israel), and
Fulton Innovation LLC (U.S.).
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