Wireless Power Transmission Market
Wireless Power Transmission Market Size And Forecast
Wireless Power Transmission Market was valued at USD 3.5 Billion in 2018 and is projected to reach USD 17.5 Billion by 2026, growing at a CAGR of 22.2% from 2019 to 2026.
Global Wireless Power Transmission Market Outlook
The major factor contributing to the growth of the global wireless power transmission market includes rising penetration on Internet of Things (IoT), rapid urbanization and industrialization, and increasing digitization. An increase in adoption of smart lightning, wireless charging for consumer electronics and vehicles, and in sectors such as medical, automotive, and military & defense is another factor expected to accelerate the market growth. The major factors such as high cost of devices and high capital cost might inhibit the market growth. Moreover, the issues associated with wireless power devices is another factor that might impede the market growth.
Global Wireless Power Transmission Market Competitive Landscape
The Global Wireless Power Transmission Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Integrated Device Technology, Inc., Samsung Electronics Co., Ltd., WiTricity Corporation, Qualcomm Inc., TDK Corporation, Texas Instruments Inc., ConvenientPower HK Ltd., NuCurrent Inc., PowerbyProxi Ltd., and Salcomp Plc.
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