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Wireless Power Transmission Market Trends, Share, Size, Analysis and Latest Edition Report

Wireless Power Trans

iCrowdNewswire   Feb 18, 2021  12:50 AM ET

According to the latest report by IMARC Group, titled “Wireless Power Transmission Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global wireless power transmission market size witnessed double-digit growth during 2014-2019. Wireless power transmission (WPT) is the technology that assists in transferring energy from a power source to an electrical load without interconnecting wires. It is carried out using direct induction and resonant magnetic induction technologies. As it offers convenience and consumes less energy, it is widely utilized in mobile phone chargers and charging electric vehicles (EVs). It also finds extensive applications in telemetry, satellite communications and radio frequency identification (RFID) tags across the globe.

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Owing to several associated benefits, WPT is gaining popularity over wired counterparts for transmitting power in distant and remote areas. Apart from this, it is utilized in the healthcare, automotive and defense industries worldwide. Furthermore, the escalating demand for EVs on account of the rising environmental concerns is offering numerous opportunities for manufacturers to expand their consumer base. These manufacturers are adopting novel technologies, such as solar energy harvesters, which is anticipated to provide a positive outlook for the market growth in the coming years.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

We are updating our database, if you want to need latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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Keywords:    Wireless Power Transmission Market, Global Wireless Power Transmission Market, Wireless Power Transmission Market Size, Wireless Power Transmission Market Share, Wireless Power Transmission Market Trends, Wireless Power Transmission Market Report

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