Europe Wireless Power Transmission Technology Market was valued at USD 3.2 Billion in 2022 and is projected to reach USD 7.4 Billion by 2030, growing at a CAGR of 13.5% from 2024 to 2030.
The wireless power transmission technology market in Europe is witnessing significant growth as industries increasingly demand innovative solutions for energy transmission. The need for efficient and sustainable energy sources is driving the adoption of wireless power transmission systems across various sectors, from consumer electronics to automotive and healthcare.
Wireless power transmission (WPT) technology enables the transfer of electrical energy without the need for physical connections, offering immense convenience and reliability. In Europe, the demand for WPT technology is being fueled by advancements in wireless charging systems, electric vehicles (EVs), and the growing trend of smart cities.
In industries like automotive, wireless power transmission is becoming a game-changer. With the rise of electric vehicles, there is a pressing requirement for efficient and safe charging infrastructure. Wireless charging for EVs eliminates the need for cumbersome cables and plugs, making charging more convenient and reducing wear and tear on charging ports. This innovation is expected to expand rapidly, with automakers seeking to integrate WPT solutions in their future models.
In the consumer electronics sector, wireless power transmission technology has revolutionized how devices are charged. The proliferation of wireless chargers for smartphones, tablets, and other portable gadgets reflects the demand for this technology. Consumers and manufacturers alike are drawn to the convenience of wireless charging, and the industry is responding with more advanced, faster, and universally compatible charging pads and stations.
Additionally, industries in healthcare are increasingly relying on wireless power transmission to power medical devices such as implants, wearables, and sensors. WPT technology offers a non-invasive, reliable method of powering these critical devices without the need for direct physical connections, improving patient comfort and reducing the risks of infection.
As Europe continues to focus on sustainability and energy efficiency, the wireless power transmission technology market is expected to grow substantially. The European Union's commitment to reducing carbon emissions and promoting renewable energy sources further fuels the demand for alternative power transmission methods, with wireless power transmission offering a compelling solution for the future.
With ongoing advancements in WPT technology and increasing industrial demand, the European market is poised for expansion. The development of more efficient, cost-effective, and universally applicable solutions will continue to drive the adoption of wireless power transmission across multiple industries.
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Samsung Electronics
TDK Corporation
Texas Instruments
Nucurrent
Powermat Technologies
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Witricity Corporation
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Wireless Power Transmission Technology Market
Inductive Coupling
Resonant Inductive Coupling
Magnetic Resonance
Laser Power Transmission
Microwave Power Transmission
Consumer Electronics
Electric Vehicles
Industrial Equipment
Healthcare Devices
Aerospace and Defense
Renewable Energy Systems
Low Power (<5W)
Medium Power (5W-50W)
High Power (>50W)
Consumer Electronics
Automotive
Healthcare
Industrial
Telecommunications
Aerospace & Defense
Stationary Wireless Charging
Dynamic Wireless Charging
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Wireless Power Transmission Technology Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Wireless Power Transmission Technology Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Wireless Power Transmission Technology Market, By Type
6. Europe Wireless Power Transmission Technology Market, By Application
7. Europe Wireless Power Transmission Technology Market, By Geography
Europe
Germany
UK
France
8. Europe Wireless Power Transmission Technology Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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