Global Wireless Power Transfer (WPT) Market Growth (Status and Outlook) 2025-2031

Global Wireless Power Transfer (WPT) Market Growth (Status and Outlook) 2025-2031

The global Wireless Power Transfer (WPT) market size is predicted to grow from US$ 4197 million in 2025 to US$ 19010 million in 2031; it is expected to grow at a CAGR of 28.6% from 2025 to 2031.

Wireless power transfer (WPT), wireless power transmission, wireless energy transmission (WET), or electromagnetic power transfer is the transmission of electrical energy without wires as a physical link. In a wireless power transmission system, a transmitter device, driven by electric power from a power source, generates a time-varying electromagnetic field, which transmits power across space to a receiver device, which extracts power from the field and supplies it to an electrical load. The technology of wireless power transmission can eliminate the use of the wires and batteries, thus increasing the mobility, convenience, and safety of an electronic device for all users. Wireless power transfer is useful to power electrical devices where interconnecting wires are inconvenient, hazardous, or are not possible.

Global key manufacturers of Wireless Power Transfer (WPT) include Renesas Electronics, Texas Instruments, NXP, Analog Devices, Samsung Electronics, etc. Global top five manufacturers hold a share about 30%. Asia-Pacific is the largest market of Wireless Power Transfer (WPT), holds a share over 40%. In terms of product, the Near-Field Power Transfer holds a larger segment, with a share over 90%. And in terms of application, the largest application is Smart Phones and Tablets, with a share of over 75%.

The main market drivers include the following:

Popularization of consumer electronics products

With the popularity of consumer electronics products such as smartphones and wearable devices, users have an increasing demand for wireless charging. These devices usually have a small battery capacity and need to be charged frequently, and wireless power transmission technology provides a more convenient and efficient way to charge these devices.

Expansion of the electric vehicle market

The rapid growth of the electric vehicle market has also promoted the development of wireless power transmission technology. Wireless power transmission technology can realize wireless charging of electric vehicles, improve the convenience and safety of charging, and further promote the expansion of the electric vehicle market.

Policy support and standard setting

In order to promote the development and application of wireless power transmission technology, governments of various countries have introduced relevant policies. For example, some countries support the research and development and application of wireless power transmission technology by providing research and development funds, tax incentives and other measures.

Standard setting: At the same time, in order to ensure the safety and reliability of wireless power transmission technology, countries and regions are also actively formulating relevant standards and specifications. The formulation of these standards and specifications provides a strong guarantee for the promotion and application of wireless power transmission technology.

LPI (LP Information)' newest research report, the “Wireless Power Transfer (WPT) Industry Forecast” looks at past sales and reviews total world Wireless Power Transfer (WPT) sales in 2024, providing a comprehensive analysis by region and market sector of projected Wireless Power Transfer (WPT) sales for 2025 through 2031. With Wireless Power Transfer (WPT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wireless Power Transfer (WPT) industry.

This Insight Report provides a comprehensive analysis of the global Wireless Power Transfer (WPT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Wireless Power Transfer (WPT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wireless Power Transfer (WPT) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wireless Power Transfer (WPT) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wireless Power Transfer (WPT).

This report presents a comprehensive overview, market shares, and growth opportunities of Wireless Power Transfer (WPT) market by product type, application, key players and key regions and countries.

Segmentation by Type:
Near-Field Power Transfer
Far-Field Power Transfer

Segmentation by Application:
Smart Phones and Tablets
Electric Vehicles
Wearable Electronics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Renesas Electronics
Texas Instruments
NXP
Analog Devices
Samsung Electronics
TDK Corporation
Witricity
STMicroelectronics
Murata Manufacturing
ConvenientPower
Powermat Technologies
Nucurrent
Plugless Power
Powerbyproxi(Apple)

Please note: The report will take approximately 2 business days to prepare and deliver.