DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Wireless Power Transmission Market - Global Forecast to 2022" report to their offering.
The wireless power transmission market is expected to be valued at USD 11.27 billion by 2022, growing at a CAGR of 23.15% during the forecast period.
The market for the inductive technology is in the growth phase, while the market for the magnetic resonance is currently in the introductory phase. The market in Europe is expected to grow at the highest rate during the forecast period. The growth of this market is propelled by the factors such as the convenience offered by and consumer preference for wireless connectivity and need for effective charging systems. On the other hand, the impact of uncertified and non-standardized products on the industry, which delivers poor user experience is a key restraint to the growth of the market.
The market for the magnetic resonance technology is expected to grow at the highest rate owing to the benefits such as wide charging range, drop and go charging, and simultaneous multiple device charging. This technology is more apt for electric vehicle and industrial applications. Airfuel Alliance and Wireless Power Consortium are working on the development of the magnetic resonance technology, which enables it to commercialize very soon.
APAC held the largest share of the global wireless power transmission market in 2016. The presence of large consumer electronics industries in the countries such as China, Japan, India, and South Korea has attributed to the huge market size of APAC in the global wireless power transmission market.
- Convenientpower Hk, Ltd.
- Integrated Device Technology, Inc.
- Nucurrent, Inc.
- Powerbyproxi, Ltd.
- Powermat Technologies, Ltd.
- Qualcomm, Inc.
- Salcomp PLC
- Samsung Electronics Co., Ltd.
- TDK Corporation
- Texas Instruments, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Wireless Power Transmission Market, By Technology
8 Wireless Power Transmission Market, By Implementation
9 Wireless Power Transmission Market, By Receiver Application
10 Wireless Power Transmission Market, By Transmitter Application
11 Wireless Power Transmission Market, By Geography
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/tt2nk8/wireless_power