Wireless Power Transmission Market Eyes Growth with Rapid Advances in Electric Vehicles across the Globe

Published on : Oct 11, 2018

Albany, New York, October 11, 2018: Evolving end-user demands such as reduction of cord clutter and expandable power range to support sophisticated device charging such as electric vehicles have necessitated wireless power transfer, thus reflecting favorably on the growth of wireless power transmission market. Additionally, to limit power wastage during wired power transmissions adoption of wireless power transmission has witnessed surged applications. In its recently added research report titled, 'Wireless Power Transmission Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026', Market Research Hub (MRH) elaborates current developments and their implications on the growth of wireless power transmission market.

Bluetooth Technology Used Extensively in Multi Device Simultaneous Charging

Leading vendors in wireless power transmission market are akin on incorporating new technological breakthroughs to retain their lead in the fast evolving wireless power transmission market. Several companies are investing in harnessing bespoke technologies such as Bluetooth technology to hunt for devices, thus propelling simultaneous charging for multiple devices. New entrants in wireless power transmission market are also banking upon cutting edge technology to attain market penetration.

WiTricity Partners with BMW for Wireless Charging in Electric Vehicles

A new market entrant WiTricity is best known for ground breaking technologies in wireless charging for electric vehicles. The recently launched electric vehicle from BMW, BMW 530e has anchored WiTricity's technology to enable wireless charging. With this development in place, WITricity is expected to capture a favorable position on the growth curve of wireless power transmission market.

Consumer Electronics and Healthcare End-Use Industries Enable Revenue Maximization

Further in the report readers are presented with a detailed summary of core market segments prevailing in wireless power transmission market, based on which the report identifies technology, range, and application as dominant market segments. Based on technology the market is classified as indusctive coupling, resonant inductive coupling, and captive coupling amongst others. In terms of range wireless power transmission market is bifurcated as near field and far field. Based on application wireless power transmission market is classified as consumer electronics, healthcare, automotive, and industrial amongst others. 

Additionally, the report also entails a detailed summary of geographical presence of wireless power transmission market, based on which the market is demarcated into Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa as core regional belts.

Competition Spectrum: Wireless Power Transmission Market

In-depth research elements included in the report allow readers to gauge the implications of business strategies in facilitating growth in wireless power transmission market, besides anchoring favorable end-user response in terms of their purchase preferences and subsequent purchase decisions. The report identifies Qualcomm Technologies, Inc., Texas Instruments Inc., Leggett & Platt, Inc., Murata Manufacturing Co., Ltd., and WiTricity Corporation as major vendors in wireless power transmission market.  

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