Wireless Power Transmission

Global Wireless Power Transmission Market to Reach US$52.4 Billion by 2030

The global market for Wireless Power Transmission estimated at US$15.6 Billion in the year 2024, is expected to reach US$52.4 Billion by 2030, growing at a CAGR of 22.3% over the analysis period 2024-2030. Near-Field, one of the segments analyzed in the report, is expected to record a 21.9% CAGR and reach US$42.0 Billion by the end of the analysis period. Growth in the Far-Field segment is estimated at 24.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.1 Billion While China is Forecast to Grow at 23.6% CAGR

The Wireless Power Transmission market in the U.S. is estimated at US$3.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.0 Billion by the year 2030 trailing a CAGR of 23.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 19.7% and 20.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 19.3% CAGR.

Global Wireless Power Transmission Market - Key Trends & Drivers Summarized

Wireless power transmission (WPT) is a technology that enables the transfer of electrical energy from a power source to an electrical load without the need for physical connectors or cables. The technology (near-field or far-field) utilizes electromagnetic fields to transmit power over short and long distances, providing a convenient and flexible solution for powering and charging devices. WPT is being increasingly adopted in various applications, including consumer electronics, electric vehicles, medical devices, and industrial automation. The convenience and safety offered by wireless power transmission make it an attractive alternative to traditional wired power solutions.

The development of wireless power transmission technology has seen significant advancements, particularly in the areas of efficiency, range, and safety. Techniques such as inductive coupling, resonant inductive coupling, and radio frequency (RF) energy harvesting are being refined to enhance the performance of WPT systems. Innovations in materials and circuit design are also contributing to improved power transfer efficiency and reduced energy losses. Furthermore, standardization efforts and regulatory frameworks are being established to ensure the interoperability and safety of wireless power transmission systems across different applications and devices.

The growth in the wireless power transmission market is driven by several factors. Firstly, the increasing adoption of wireless charging solutions in consumer electronics, such as smartphones and wearable devices, is a significant driver. Secondly, advancements in WPT technology and the development of efficient and safe power transfer methods are enhancing its applicability. Thirdly, the rising demand for electric vehicles and the need for convenient and reliable charging infrastructure are boosting the adoption of wireless power transmission. Additionally, the integration of WPT in medical devices and implants is providing new opportunities for innovation in healthcare. Furthermore, the trend towards smart homes and the Internet of Things (IoT) is driving the need for wireless power solutions to power a multitude of connected devices. Lastly, supportive government policies and industry standards are fostering the development and commercialization of wireless power transmission technologies.

SCOPE OF STUDY:

The report analyzes the Wireless Power Transmission market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Technology (Near-Field, Far-Field); Application (Consumer Electronics, Industrial Applications, Automotive, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 51 Featured) -

• Analog Devices Inc.
• Energous Corporation
• Koninklijke Philips N.V.
• Murata Manufacturing Co.
• NXP Semiconductors N.V.
• Plugless Power, Inc.
• Powermat Technologies Ltd.
• Qualcomm, Inc.
• Renesas Electronics Corporation
• Salcomp Plc (Finland)
• Samsung Electronics Co. Ltd.
• Semtech Corporation
• TDK Corporation
• Texas Instruments, Inc.
• WiTricity Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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