Wireless Power Transmission Market Growth and Segments,2014-2020

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Future Market Insights has announced the addition of the “Wireless Power Transmission Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020” report to their offering.

Global

Wireless Power

Transmission Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

2014-2020

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Report Description

Wireless power transmission (WPT) or wireless power transfer refers to the transfer of energy or

power from one place to another without being connecting through wires. In this,

electromagnetic energy is transferred from power sources to electric loads.

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. 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 aslaptops, 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 fuelfree

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Globally, WPT technology is being accepted positively, outdated wired power transmission tools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 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.


Report Description

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 satellites.

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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Majorplayersinvolved in the wireless power transmission market are Qualcomm, Leggett

& Platt, ConvenientPower 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.


Report Description

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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