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Power Transmission Market

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3 years ago

Wireless Power Transmission Market By Range (Medium, Long), By Technology (Near-Field, Far Field), By Application (Consumer Electronics, Industrial Applications, Automotive, Defense) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

"Increasing use of wireless electronic appliances is fueling the growth of wireless power transmission market"

Globally, the wireless power transmission market is expected to grow with a CAGR of more than 15.5% during the forecast period from 2019 to 2027, starting from US$4.8 Bn in 2018.

 

Wireless power transmission is a way to transfer power wit...

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3 years ago

Global Wireless Power Transmission Market Size study, by Technology (Near-Field Technologies, Far-Field Technologies), by Implementation (Aftermarket, Integrated), by Receiver Application (Smartphones, Tablets, Wearable Electronics, Notebooks, Other Consumer Electronics, Electrical Vehicle Charging, Industrial) by Transmitter Application (Standalone Chargers, Automotive (In-Vehicle Charging System), Electric Vehicle Charging, Furniture, Industrial) and Regional Forecasts 2019-2026

Global Wireless Power Transmission Market is valued approximately at USD 4.92 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 23% over the forecast period 2019-2026. The wireless power transmission technology uses magnetic resonance, induction and capacitive coupling for transmitting power in near field, and microwave/RF and laser/infrared to transmit power in...

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3 years ago

Global Power Transmission Market: Analysis By Components (Transformer, Insulator, Transmission Lines, Transmission Towers, Others), Voltage, End- Use, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)

The Global Power Transmission Market was valued at USD 81.14 billion in the year 2020. The global Power Transmission market is observing lucrative growth due to the growing automation in factories, rising adoption of international standards for electricity efficiency, development of user-friendly electric products, and increasing production of electric components.

 

The major f...

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Power Transmission Market

Power transmission transfers electricity from its source to another location to generate more electricity. It’s a highly advanced procedure for transferring electromagnetic energy into electric signals. Power transmissions need to be handled by experts, as the process can be risky. 

 

The power transmission market has been doing pretty well lately because of several significant market drivers. These drivers include a rise in numerous automotive, healthcare, and industrial industries and the rapid increase in consumer electronics. Such factors are positively impacting the market’s growth. 

 

However, few market restraints such as the increased health and safety policies, the lack of sufficient electricity to transmit power in some economies, and high costs are slowing the market down. 

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