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Wireless Power Transmission Market - Global Industry Analysis and

Opportunity Assessment 2014 - 2020: Future Market Insights

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Wireless Power Transmission Market - Global Industry Analysis and Opportunity

Assessment 2014 - 2020: Future Market Insights

Wired transmission is the most common mode of transmitting electrical energy. Its main

drawback, the loss of energy during transmission, drives the demand for wireless power

transmission. Being fast and consistent, WPT can be used both for short and long range

transmissions. A major advantage of WPT is low maintenance cost. However, there is a

high initial cost i.e. capital cost involved in implementing the WPT. Another

disadvantage is interference of microwaves with current communication systems. WPT is

generally used for transfer of energy to remote areas. Major application of WPT is in

consumer electronics goods such as laptops, tablets and smartphones. The largest

application of WPT is in solar-power satellites. WPT is also used in fuel-free aircrafts,

fuel-free electric automobiles, robots and fuel-free rockets.

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Globally, WPT technology is being accepted positively, outdated wired power

transmission tools are being replaced with the latest technology. Countries likethe U.S.are

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investing high on the adoption of WPT technology, to take full advantage of their power

system networks and reduce the installation cost of overhead cables. This technology is

still in its initial stage, which providesa huge opportunity for new entrants to enter this

market,conditional to their acceptance of the high capital cost. The main drivers for the

market area huge demand by the battery functioned devices globally and decrease in high

tension on Head Cables.Market is expected to show a double digit growth rate in coming

five years (2015-2020). The growth is majorly driven by need of technological

advancement and new wireless power transmission applications such as solar-power


Market segmentation for WPT is basedon application, technology,transmission types,

transmission range andgeography. The application segment includes consumer

electronics, healthcare, automotive and defence. Consumer electronics are further subdivided

into mobile phones, tablets, laptops and wearable electronics. Technological

segmentation includes near-field or non-radioactive techniques and far-field or

radioactive techniques.On the basis of transmission types, the market is segmented into

devices with and without battery. The market is also segmented on the basis of

transmission range which include short, medium and long ranges. The regional or

geographical segmentation includes regions such as North America, Latin America, Asia

Pacific, Japan, Western Europe, Eastern Europe, and Middle East & Africa.

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Major players involved in the wireless power transmission market are Qualcomm,

Leggett & Platt, Convenient Power HK, Energizer Holdings, Inc. and Integrated Device

Technology, Inc. Other important companies are Powermat Technologies Ltd., Plugless

Power, Texas Instruments, Murata Manufacturing Co., Ltd. and WiTricity. The common

strategy adopted by players are product development and a focus on research &

development activities.

WPT technology helps make life easy and comfortable. WPT is much better than

thetraditional form of power transmission. It’s an efficient technology which helpsin

decreasingenergy crises and energy loss. In the near future,the world will completely shift

towards wireless technologyand use of wireless devices, as well as wireless power

transmission, will be evermore, creatinga good opportunity for players in this market.

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