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Wireless Power Technology Market Forecast Report | 2020-2028

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vansh gupta
Wireless Power Technology Market Forecast Report | 2020-2028

In the case of wireless power technology, the transmission of energy from the power source to the consuming device is carried out by the transmitter (charging station). It converts the power to a time-varying electromagnetic field and transmits it to the receiver. The receiver receives the energy and converts it back for charging load to DC or AC electric current. The world is moving towards E-vehicles and wireless charging of E-vehicles helps to avoid waiting hours at charging stations. This is the leading factor in the wireless market's growth.


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The market is mainly segmented on wireless power technology (smartphone, tablet, electronic wears, other consumer electronics, electric vehicle charging, industrial, etc.) and is based on the geographical region; by range (near fields, far field); and by application (smartphones, tablets, wearable electronics, other consumer electronics, electric vehicle charge.

Type Outlook
The wireless electricity market is divided into a near and remote area on the basis of its range. Solar power satellites (SPSs) have a wide range of applications. They are placed on the geosynchronous earth's orbit, passing power on to the earth as microwaves. In applications where power must be transmitted over several kilometres, the remote methods are used. Applications close to the field include power transmission to wearable devices and small curved devices.

Application Outlook
The sample is based on the sample of smartphones, tablets, wearable electronics, electric car charging and other consumer electronics in the wireless power technology market. The largest market share in the wireless power technology market are anticipated for smartphones and wearable electronics. Furthermore, the growth of the wireless power technology market is driven by this electric vehicle charge. Fuel-free aircraft & rockets and also mobile robots are other applications that boost the market for wireless power technology.

Regional Outlook:
North Amics, Eastern Europe, Western Europe, Asia Pacific, Middle East and the rest of the world have segmented the region's wireless power technology market. Asia Pacific is projected, throughout the forecast period, to be the largest market share in wireless power technology. In Asia Pacific, consumer electronics such as smartphones, tablets, laptops and other products are considered a manufacturing hub. The factors that drive the growing wireless power technology market in the Asia-Pacific Region therefore include the presence of large electronics players, large populations and rapid urbanization.

Competitive Landscape
Industries continue to invest in R&D in the infrastructure and implementations of wireless transmission. Samsung Electronics Co., Ltd., Texas Instruments Inc., WiTricity Corporation, Salcomp Plc., Qualcomm Inc., Integrated Device Technology, Inc., Powermat Technologies Limited, TDK Corporation, Convenient Power HK Ltd and others are key players identified in the report.

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