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Globally, WPT technology is being accepted positively, outdated wired power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