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.
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3. 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 fuel-free 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Globally, WPT technology is being accepted positively, outdated wired power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
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4. 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.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 sub-
divided 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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5. 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.
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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