The Latest Wireless Power Transmission Industry Statistics Explained
The size of the wireless power transmission market was USD 7.12 billion in 2017.
This statistic indicates that in the year 2017, the total revenue generated by the wireless power transmission market worldwide was USD 7.12 billion. This market size represents the cumulative value of all transactions, sales, and economic activities within the industry over the specified period. The figure serves as a quantitative measure of the market’s scale and financial significance, highlighting the substantial economic activity surrounding wireless power transmission technologies and products during that year. This information can be utilized by industry stakeholders, policymakers, and investors to assess the market’s growth, trends, and potential opportunities for further development in the future.
The wireless power transmission market is projected to reach USD 22.8 billion by 2025.
This statistic indicates that the wireless power transmission market is forecasted to grow significantly, with an expected value of USD 22.8 billion by the year 2025. This projection suggests a strong upward trend in the adoption and implementation of wireless power transmission technology across various industries and consumer applications. Factors contributing to this growth may include advancements in wireless charging technology, increased consumer demand for convenience and efficiency, as well as potential cost savings and environmental benefits associated with wireless power transmission. The market is expected to expand rapidly in the coming years, driven by ongoing innovation and market forces shaping the adoption of wireless power transmission solutions.
Asia-Pacific is the largest region in the wireless power transmission industry, accounting for nearly 40% of the global market.
The statistic indicates that the Asia-Pacific region holds a dominant position in the wireless power transmission industry, representing almost 40% of the total worldwide market share. This suggests that a substantial portion of wireless power transmission activities, including research, development, manufacturing, and consumption of related products and services, are concentrated in the Asia-Pacific region. The region’s leading position could be attributed to factors such as technological advancements, favorable economic conditions, strong industry players, and increasing consumer demand for wireless power transmission solutions. As a result, the Asia-Pacific region plays a crucial role in shaping the growth and direction of the global wireless power transmission market.
Inductive coupling is the most common method used in wireless power transmission and held 59.2% of the overall market share in 2018.
The statistic provided indicates that inductive coupling is the predominant method utilized for wireless power transmission, capturing a substantial 59.2% share of the market in 2018. Inductive coupling is a process where power is transferred wirelessly between two coils through electromagnetic fields. This method is favored for its efficiency, simplicity, and reliability, making it a popular choice for various applications such as charging pads, electric vehicles, and medical devices. The significant market share held by inductive coupling underscores its widespread adoption and acceptance within the industry as the leading technology for wireless power transmission as of 2018.
Adaptive Resonance technology segment is expected to witness the highest growth during the forecast period (2020-2025).
The statistic indicates that the Adaptive Resonance technology segment is projected to experience the most significant increase in terms of market growth between the years 2020 and 2025. This growth forecast suggests that there is a strong demand for Adaptive Resonance technology, which combines adaptive learning and pattern recognition to enhance system performance. The increasing adoption of this innovative technology across various industries is expected to drive its growth during the specified forecast period, leading to higher market share, revenue generation, and overall impact within the industry landscape.
In the automotive sector, wireless power transmission is projected to achieve a 27% compound annual growth rate between 2020 and 2025.
The statistic indicates that the wireless power transmission market within the automotive sector is expected to experience significant growth over the five-year period from 2020 to 2025, with a compound annual growth rate (CAGR) of 27%. This projection suggests that the adoption and implementation of wireless power transmission technologies in vehicles is anticipated to increase at a rapid pace during this timeframe. Factors such as advancements in electric vehicle technology, increasing demand for connected and autonomous vehicles, and the emphasis on efficient and convenient charging solutions are likely driving this growth trend. The substantial CAGR highlights the potential for widespread adoption of wireless power transmission systems in the automotive industry, and signals the increasing relevance and importance of this technology in shaping the future of transportation.
The global wireless power transmission market for industrial applications is expected to exceed USD 500 million by 2025.
This statistic indicates that the global market for wireless power transmission, specifically for industrial applications, is projected to grow significantly and surpass the value of USD 500 million by the year 2025. This suggests a growing trend towards the adoption of wireless power transmission technologies in industrial settings, driven by factors such as increasing demand for efficient and convenient power solutions, advancements in wireless charging technology, and the push towards Industry 4.0. The anticipated growth in this market reflects the potential benefits and opportunities that wireless power transmission offers to industrial sectors in terms of improving productivity, operational efficiency, and flexibility in power connectivity.
The integrated batteries segment in the wireless power transmission market is expected to grow at a CAGR of more than 20% from 2019 to 2025.
This statistic indicates that the integrated batteries segment within the wireless power transmission market is projected to experience significant growth over the period spanning from 2019 to 2025. The Compound Annual Growth Rate (CAGR) of over 20% suggests a rapid annual increase in the market size and demand for wireless power transmission technologies that incorporate integrated batteries. This growth trend indicates a strong consumer preference for products that offer enhanced mobility, convenience, and energy efficiency, driving the adoption of wireless power transmission solutions with integrated batteries in various applications.
The American market is expected to grow at a CAGR of 16% during the forecast period (2020-2025).
The statistic indicates that the American market is projected to experience a Compound Annual Growth Rate (CAGR) of 16% over the forecast period spanning from 2020 to 2025. This growth rate represents the average annual rate of growth the market is expected to achieve over the specified time frame. A CAGR of 16% suggests substantial growth and increasing opportunities within the American market across various industries or sectors for investors, businesses, and policymakers to capitalize on. This statistic highlights the potential for the market to expand significantly over the next five years based on current trends and forecasts.
Smartphone applications hold the majority share in the wireless power transmission market due to high adoption of smartphone devices.
This statistic suggests that smartphone applications are the dominant technology in the wireless power transmission market because of the widespread use and popularity of smartphone devices. With an increasing number of people relying on smartphones for communication, entertainment, and productivity, the demand for convenient and efficient charging solutions has also risen. Smartphone applications for wireless power transmission offer users the flexibility to charge their devices without the need for traditional wired connections, making it a preferred choice among consumers. As a result, the market share of smartphone applications in wireless power transmission has grown significantly, reflecting the strong adoption of this technology within the mobile device industry.
Among all wireless power transmission technologies, radio frequency technology is expected to grow at the highest CAGR during the forecast period.
This statistic suggests that among various wireless power transmission technologies, radio frequency technology is projected to experience the highest Compound Annual Growth Rate (CAGR) over a specified forecast period. This indicates that the adoption and utilization of radio frequency technology for wirelessly transmitting power is anticipated to see significant increase and advancements compared to other competing technologies. Factors contributing to this growth may include technological innovations, increased demand for efficient and sustainable power transmission solutions, as well as potential cost-effectiveness and convenience offered by radio frequency technology in various applications. Such growth projections highlight the potential impact and importance of radio frequency technology within the wireless power transmission sector in the coming years.
The aftermarket sales channel in the wireless power transmission market is likely to reach a valuation of over USD 2 billion by 2025.
The statistic implies that the aftermarket sales channel within the wireless power transmission market is expected to experience significant growth and generate more than USD 2 billion in revenue by the year 2025. This projection suggests a strong demand for aftermarket products and services related to wireless power transmission technologies such as wireless charging devices and components. The increasing adoption of wireless charging solutions in various industries and applications is likely to drive the growth of this market segment, leading to a substantial increase in its valuation over the next few years. Overall, this statistic signals a promising outlook for the aftermarket sales channel in the wireless power transmission market.
The industrial applications sector of the wireless power transmission market is projected to reach a market value of USD 778.4 million by 2027.
The statistic indicates that the industrial applications sector within the wireless power transmission market is expected to experience significant growth, with a projected market value of USD 778.4 million by the year 2027. This suggests that there is a growing demand for wireless power transmission technologies specifically within industrial settings, such as factories, manufacturing facilities, and energy infrastructure. Factors driving this growth may include increasing adoption of automation and IoT devices in industrial operations, as well as the need for efficient and flexible power solutions. The projected market value highlights the importance of wireless power transmission technology in meeting the evolving needs of industrial applications in terms of reliability, efficiency, and convenience.
The U.S is the largest consumer of wireless power transmission technologies, contributing over 30% to the global market revenue.
This statistic suggests that the United States is a significant player in the wireless power transmission technologies market, dominating with a contribution of over 30% to the total global market revenue. This indicates that the U.S. holds a strong foothold in the adoption and utilization of wireless power technologies across various industries and applications. The high market share also implies that there is a high demand and acceptance of wireless power transmission solutions in the U.S., potentially driven by factors such as technological advancements, consumer preferences, and government initiatives. The substantial market presence of the U.S. in this sector can further propel innovation and growth within the wireless power transmission industry on a global scale.
By 2027, the global wireless power transmission market is anticipated to see a CAGR of 19.2%
This statistic indicates that between 2020 and 2027, the global wireless power transmission market is expected to experience a Compound Annual Growth Rate (CAGR) of 19.2%. This means that on average, the market size for wireless power transmission technology is projected to increase by 19.2% per year during this period. The high CAGR suggests significant growth potential in the global market for wireless power transmission, driven by factors such as increasing demand for convenient and efficient charging solutions, advancements in technology, and expansion of applications across various industries. Businesses operating in this market can expect substantial opportunities for growth and innovation as the adoption of wireless power transmission continues to expand rapidly.
The global wireless charging for electric vehicle market size was USD 7.5 billion in 2018.
The statistic “The global wireless charging for electric vehicle market size was USD 7.5 billion in 2018” represents the total monetary value of the market specifically focusing on wireless charging technology for electric vehicles worldwide in the year 2018. This figure indicates the financial scale and importance of the wireless charging industry for electric vehicles, highlighting the growing trend towards sustainable transportation solutions. The market size of USD 7.5 billion suggests a significant investment and consumer interest in wireless charging technology for electric vehicles, reflecting the potential for further innovation and expansion in this sector in the coming years.
The healthcare sector is anticipated to grow at a CAGR of over 20% from 2020 to 2026 in the global wireless power transmission market.
This statistic suggests that the healthcare sector is projected to experience substantial growth in the global wireless power transmission market, with a Compound Annual Growth Rate (CAGR) exceeding 20% between 2020 and 2026. This indicates a strong upward trend in the adoption and implementation of wireless power transmission technologies in the healthcare industry, potentially driven by factors such as the increasing demand for wireless charging solutions, advancements in medical devices requiring wireless power transfer, and the push towards more efficient and convenient healthcare practices. The significant growth forecast for the healthcare sector reflects a positive outlook for the wireless power transmission market within the industry, highlighting opportunities for innovation, integration, and expansion in the coming years.
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