Wireless Power Transmission Market - Global Industry Analysis and Opportunity Assessment 2014 - 2020: Future Market Insights
Wired transmission is the most commonmode 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.
Wired transmission is the most commonmode 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.
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<strong>Future</strong> <strong>Market</strong> <strong>Insights</strong><br />
<strong>Wireless</strong> <strong>Power</strong> <strong>Transmission</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong> <strong>and</strong><br />
<strong>Opportunity</strong> <strong>Assessment</strong> <strong>2014</strong> - <strong>2020</strong>: <strong>Future</strong> <strong>Market</strong> <strong>Insights</strong><br />
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<strong>Wireless</strong> <strong>Power</strong> <strong>Transmission</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong> <strong>and</strong> <strong>Opportunity</strong><br />
<strong>Assessment</strong> <strong>2014</strong> - <strong>2020</strong>: <strong>Future</strong> <strong>Market</strong> <strong>Insights</strong><br />
Wired transmission is the most common mode of transmitting electrical energy. Its main<br />
drawback, the loss of energy during transmission, drives the dem<strong>and</strong> for wireless power<br />
transmission. Being fast <strong>and</strong> consistent, WPT can be used both for short <strong>and</strong> long range<br />
transmissions. A major advantage of WPT is low maintenance cost. However, there is a<br />
high initial cost i.e. capital cost involved in implementing the WPT. Another<br />
disadvantage is interference of microwaves with current communication systems. WPT is<br />
generally used for transfer of energy to remote areas. Major application of WPT is in<br />
consumer electronics goods such as laptops, tablets <strong>and</strong> smartphones. The largest<br />
application of WPT is in solar-power satellites. WPT is also used in fuel-free aircrafts,<br />
fuel-free electric automobiles, robots <strong>and</strong> fuel-free rockets.<br />
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<strong>Global</strong>ly, WPT technology is being accepted positively, outdated wired power<br />
transmission tools are being replaced with the latest technology. Countries likethe U.S.are<br />
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investing high on the adoption of WPT technology, to take full advantage of their power<br />
system networks <strong>and</strong> reduce the installation cost of overhead cables. This technology is<br />
still in its initial stage, which providesa huge opportunity for new entrants to enter this<br />
market,conditional to their acceptance of the high capital cost. The main drivers for the<br />
market area huge dem<strong>and</strong> by the battery functioned devices globally <strong>and</strong> decrease in high<br />
tension on Head Cables.<strong>Market</strong> is expected to show a double digit growth rate in coming<br />
five years (2015-<strong>2020</strong>). The growth is majorly driven by need of technological<br />
advancement <strong>and</strong> new wireless power transmission applications such as solar-power<br />
satellites.<br />
<strong>Market</strong> segmentation for WPT is basedon application, technology,transmission types,<br />
transmission range <strong>and</strong>geography. The application segment includes consumer<br />
electronics, healthcare, automotive <strong>and</strong> defence. Consumer electronics are further subdivided<br />
into mobile phones, tablets, laptops <strong>and</strong> wearable electronics. Technological<br />
segmentation includes near-field or non-radioactive techniques <strong>and</strong> far-field or<br />
radioactive techniques.On the basis of transmission types, the market is segmented into<br />
devices with <strong>and</strong> without battery. The market is also segmented on the basis of<br />
transmission range which include short, medium <strong>and</strong> long ranges. The regional or<br />
geographical segmentation includes regions such as North America, Latin America, Asia<br />
Pacific, Japan, Western Europe, Eastern Europe, <strong>and</strong> Middle East & Africa.<br />
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Major players involved in the wireless power transmission market are Qualcomm,<br />
Leggett & Platt, Convenient <strong>Power</strong> HK, Energizer Holdings, Inc. <strong>and</strong> Integrated Device<br />
Technology, Inc. Other important companies are <strong>Power</strong>mat Technologies Ltd., Plugless<br />
<strong>Power</strong>, Texas Instruments, Murata Manufacturing Co., Ltd. <strong>and</strong> WiTricity. The common<br />
strategy adopted by players are product development <strong>and</strong> a focus on research &<br />
development activities.<br />
WPT technology helps make life easy <strong>and</strong> comfortable. WPT is much better than<br />
thetraditional form of power transmission. It’s an efficient technology which helpsin<br />
decreasingenergy crises <strong>and</strong> energy loss. In the near future,the world will completely shift<br />
towards wireless technology<strong>and</strong> use of wireless devices, as well as wireless power<br />
transmission, will be evermore, creatinga good opportunity for players in this market.<br />
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