Over the next five years the Industrial Wireless Power Transmission System market will register an 20.40% CAGR in terms of revenue, the global market size will reach USD 28.9 billion by 2027.
Industrial Wireless Power Transmission System is the act of a power source transmitting electromagnetic energy over a system of no wires to an electric load. Power is transmitted to distant regions using wireless communication. Consumer gadgets, including tablets, laptops, smartphones, and other devices, are in high demand. The North American region includes a sizable portion of the market for wireless transmission. It is anticipated to grow at an exponential CAGR of 20.40% between the years 2022 and 2027. The global market is expected to be worth USD 28.9 billion by the year 2027, however in the European region, some regions are expected to expand more quickly during the forecasted period of 2022–2027.
The market for Industrial Wireless Power Transmission System is expanding as a result of factors such the expanding use of Industrial Wireless Power Transmission System in consumer electronics and the rising need for equipment that runs on batteries. The business is growing, nevertheless, because to recent advancements in long-range wireless power transfer. However, the market's expected expansion is hampered by the high cost of wireless power transmission technology. In contrast, it is anticipated that the market for wireless power transmission will benefit from the integration of wireless charging with applications for electric car charging.
The global market for Industrial Wireless Power Transmission System has been badly damaged by the covid-19 pandemic. Due to a lack of labour and stringent international government regulations, production facilities for semiconductors and electronics have been shut down. Due to Covid's major reduction in production and transportation restrictions, as well as the closure of some businesses and the imposition of stringent labour laws, the market for wireless transmission is expected to grow at a slower rate in 2020.
The Industrial Wireless Power Transmission System Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market DAIHEN, ABB, HEADS., IPT Technology GmbH, WARTSILA, Omron Automotive Electronics (Nidec), PANASONIC, Bombardier, B& PLUS, DAIFUFUKU, WAVE, Emrod and others.
NZ start-up launches world-first long range wireless power transmission
Kiwi start-up EMROD has developed the world’s first long-range, high-power, wireless power transmission as an alternative to existing copper line technology. The Emrod technology works by utilising electromagnetic waves to safely and efficiently transmit energy wirelessly over vast distances. The prototype received some government funding and was designed and built in Auckland in cooperation with Callaghan Innovation. It has received a Royal Society Award nomination, and New Zealand’s second largest electricity distribution company, Powerco, will be the first to test Emrod technology.
Industrial Wireless Power Transmission System Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Industrial Wireless Power Transmission System Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
By Type, it is segmented into
By Applications it is segmented into
The globe's largest and most powerful region is North America. The market for long-range Industrial Wireless Power Transmission System spans a sizable portion of North America, and throughout the forecast period, it is expected to account for a sizable portion of the market. During the anticipated period of 2022–2027, some parts of Europe will experience rapid growth. It was in this area that technology and electricity transmission were first used. The textiles and some wireless contracts have been adopted by some European markets. The United States has been noted as covering a wide region due to its significant technological investment. A Industrial Wireless Power Transmission System and receiver are installed for a very low cost.
The Industrial Wireless Power Transmission System Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Industrial Wireless Power Transmission System Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 20.40% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
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DAIHEN, ABB, HEADS., IPT Technology GmbH, WARTSILA, Omron Automotive Electronics (Nidec), PANASONIC, Bombardier, B& PLUS, DAIFUFUKU, WAVE, Emrod
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Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
| 2022 to 2027 |
Number of Pages | 137 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Industrial Wireless Power Transmission System Market is studied from 2017 - 2027.
What is the growth rate of Industrial Wireless Power Transmission System Market?
The Industrial Wireless Power Transmission System Market is growing at a CAGR of 20.40% over the next 5 years.
Who are the key players in Industrial Wireless Power Transmission System Market?
DAIHEN, ABB, HEADS., IPT Technology GmbH, WARTSILA, Omron Automotive Electronics (Nidec), PANASONIC, Bombardier, B& PLUS, DAIFUFUKU, WAVE, Emrod
What region does this Industrial Wireless Power Transmission System Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Industrial Wireless Power Transmission System Market?
Electro Magnetic Induction Technology, Magnetic Field Coupling Technology
What are the major end-use applications of Industrial Wireless Power Transmission System Market?
EV Construction Machinery / Vehicles, Port AGV, Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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