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Wireless Power Transmission Market to Hit USD 49.85 Billion by 2030 at a CAGR of 12.3 percent

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Maximize Market Research has published a detailed analytical report on the Wireless Power Transmission Market.

PUNE, India, Aug. 26, 2024 /PRNewswire/ — The future of energy is set to be transformed by the Wireless Power Transmission Market. As industries increasingly adopt wireless charging, from electric vehicles to consumer electronics, the demand for seamless and efficient power transfer is increasing rapidly. Major players are accelerating their investments in research, development, and strategic partnerships, aiming to perfect this transformative technology. The race to dominate the Wireless Power Transmission Market is intensifying, promising groundbreaking innovations that redefine how power is transmitted globally. This shift enhances convenience and drives sustainability, positioning wireless power transmission as a cornerstone of future technological advancements.

Market Size in 2023

USD  22.13 Billion

Market Size in 2030

USD  49.85 Billion

CAGR

12.3 %

Forecast Period

2024-2030

Base Year

2023

Segment Covered

by Technology

by Implementation

by Receiver Application

by Transmitter Application

by Region

Key Market Drivers

 Technological Advancements Consumer Electronics Growth

Key Market Restraint

 High Costs

Key Market Opportunities

 Integration with IoT Devices Healthcare Applications

Report Coverage

Market Share, Size, and Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get your Sample PDF: https://www.maximizemarketresearch.com/request-sample/30188/ 

Wireless Power Transmission Market: Driving Innovation and Convenience in the Cable-Free Era

The Wireless Power Transmission (WPT) Market is advancing rapidly as new charging technologies emerge and consumers increasingly prioritize convenience. Inductive and resonant charging technologies drive this growth. According to MMR Report in the smartphone sector, wireless charging adoption is expected to surpass 1.2 billion units by 2026. The electric vehicle market also shows significant expansion, with the wireless charging segment expected to grow from $21 million in 2021 to $1.8 billion by 2028. Innovations such as magnetic resonance coupling and radio frequency (RF) charging enhance efficiency and range, enabling broader applications. As more consumers embrace a cable-free lifestyle, the WPT market stands poised for substantial growth, driven by the demand for efficient, convenient, and durable power solutions in a highly connected world.

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https://www.maximizemarketresearch.com/inquiry-before-buying/30188/ 

Wireless Power Transmission Market: Segmentation 

The global Wireless Power Transmission Market is segmented into Applications which are further segmented into Receiver and Transmitter. The receiver segment dominated the Application segment of the Wireless Power Transmission Market in the year 2023. Due to its crucial role in converting transmitted power into usable energy for various devices. This component’s advancement enhances charging efficiency and convenience, driving its significant demand in consumer electronics, electric vehicles, and healthcare applications.

Wireless Power Transmission Market: Regional Analysis

The United States leading in adoption due to a strong push for sustainability and the convenience of wire-free solutions. According to recent reports of MMR, over 60% of households in the United States have adopted wireless technology solutions. This trend is particularly strong in urban areas, where adoption rates are even higher, reaching up to 75%. The drive towards sustainability has also led to a 40% increase in the installation of eco-friendly wireless systems over the past five years. Businesses are rapidly integrating wireless power into consumer and commercial electronics, with expectations that it will soon become a mandatory feature.

In Asia, rapid adoption is driven by large-scale technology integration and a focus on sustainability, making wireless power a key competitive advantage in the region’s booming consumer electronics market.  Europe is steadily embracing wireless power, particularly in sectors such as retail, construction, and healthcare, as the demand for reducing reliance on wired networks grows. Wireless power transmission is expected to become a standard technology, transforming industries through the widespread adoption of battery-free, always-on devices.

For Detailed Segment Analysis: Request a Sample Report

 Wireless Power Transmission Market: Segmentation 

By Technology

Near-Field TechnologiesFar-Field Technologies

By Type

Devices with BatteryDevices without Battery

By Application

ReceiverTransmitter

Wireless Power Transmission Market Key Players in North America

Qualcomm Inc. (USA)Energous Corporation (USA)WiTricity Corporation (USA)Fulton Innovation LLC (USA)Ossia Inc. (USA)Mojo Mobility, Inc. (USA)Texas Instruments Incorporated (USA)Elix Wireless (Canada)

Wireless Power Transmission Market Giants in Europe

NXP Semiconductors N.V. (Netherlands)Infineon Technologies AG (Germany)

Wireless Power Transmission Market Top Companies in Asia Pacific

Murata Manufacturing Co., Ltd. (Japan)Toshiba Corporation (Japan)Samsung Electronics Co., Ltd. (South Korea)Sony Corporation (Japan)TDK Corporation (Japan)ConvenientPower HK Ltd. (Hong Kong)Renesas Electronics Corporation ( Japan)

Wireless Power Transmission Market key players in the Middle East and Africa

Humavox Ltd (Israel)Powermat Technologies Ltd. (Israel)

Maximize Market Research is leading Electronics Research firm, has also published the following reports:

Flexible AC Transmission System Market:– The flexible AC Transmission System Market was valued at US$ 1.45 Billion in 2023 and is expected to reach US$ 2.30 Billion by 2030 at a CAGR of 6.83 % during the forecast period. The advancement of electric power transmission systems and increases in demand for controllability drives the global market.Power Transmission Lines and Towers Market:- The Power Transmission Lines and Towers Market size was valued at USD 15.68 Billion in 2023 and is expected to reach USD 23.12 Billion by 2030, at a CAGR of 5.7 % from forecast 2024 to 2030. Increasing Energy Demand and Renewable Energy Integration to Drive the Market.Global Power Transmission And Motion Control Market:- Power Transmission and Motion Control Market is expected to reach US$ 461.28 Bn. by 2030 at a CAGR of 18.03 during the forecast period. Growing advanced technologies in the automotive and power generation industries are a major driving factor behind the growth of the market.Power Diode Market was valued at USD 2.90 Bn in 2023 and is expected to reach USD 4.05 Bn by 2030, at a CAGR of 4.9 % during the forecast period.Wireless Sensor Market expected to hit USD 32.14 Bn by 2029 from USD 10.6 Bn in 2021 at a CAGR of 18 % during the forecast periodWireless Video Surveillance Market size was valued at US$ 47.19 Bn. in 2022 and the total revenue is expected to grow at 10% through 2023 to 2029, reaching nearly US$ 91.95 Bn.Wireless Health and Fitness Devices Market size was valued at USD 3.40  Mn. in 2023 and the total revenue is expected to grow at 6.6% through 2023 to 2030, reaching nearly USD 5.31  Mn.

Key Benefits for Stakeholders:

This report offers a comprehensive analysis of the Wireless Power Transmission market, combining both quantitative and qualitative insights. It covers segment analysis, current trends, market dynamics, challenges, and forecasts for the industry from 2024 to 2030.Utilizing Porter’s Five Forces framework, the report examines the power of buyers and suppliers, supporting stakeholders in making informed decisions and strengthening supplier-buyer relationships.A detailed look at market segmentation covers key opportunities within the Wireless Power Transmission sector.Major countries within each region are mapped according to their revenue contributions, highlighting their impact on the global market.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

About Maximize Market Research:

Maximize Market Research is a multifaceted Market Research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 9607365656
sales@maximizemarketresearch.com

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Technology

iGarden Debuts TurboX Series Robotic Pool Cleaner and Robotic Lawn Mower

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LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — iGarden, a pioneer in smart, comprehensive outdoor living solutions, is proud to announce the launch of two groundbreaking product series: the iGarden TurboX Series Robotic Pool Cleaner and the iGarden Lawn Mower.

iGarden TurboX Series Robotic Pool Cleaners – Effortless Pool Maintenance Redefined

Featuring a sleek hypercar inspired design packed with state-of-the-art iGarden AI-InverterTM technology that guarantees powerful, long-lasting performance, the iGarden TurboX Series is a year round device, ensuring your pool stays sparkling clean with minimal effort.

Pool Cleaning Powerhouse 

Being the Guinness Record Holding Endurance Champion for Longest Continuous Operation robotic pool cleaner, the TurboX series is a pool cleaning powerhouse with the TurboX Master edition featuring a record 15 Hour Marathon performance. Integrated with multiple patented iGarden AI-InverterTM  technologies, the TurboX Master boasts greater cleaning and battery efficiency, resulting in a lighter machine and long-lasting performance and run time, allows for up to a month of use without recharging, assuming twice-weekly cleanings*. The TurboX Master also comes with its Turbo mode for 200% extra turbocharged suction to clear those tougher stains.

Effortless Navigation Through Any Pool 

Armed with infrared sensors, IMU (inertial measurement unit + gyroscope), and obstacle-crossing design (tracks), the TurboX Master possesses strong compatibility, catering to cleaning needs of all shapes and sizes from pool steps, plateaus and round or oval shaped pools. Its intelligent algorithm allows the TurboX Master to autonomously return to its initial drop-off point when the battery is low, ensuring it does not remain adrift in the middle of the pool.

Intelligent Cleaning Paths 

The TurboX series follows an advanced 3D “S” pathing system, methodically cleaning every inch of your pool, leaving no spot untouched. Its modular propeller design gives it an edge when it comes to cleaning tough to remove algae and particles along the water line and bottom of the pool.

Elite Aesthetics and Durability

Featuring multi-layered anti-corrosion and UV-resistant coating, the TurboX Master ensures long-lasting durability against prolonged pool water and sunlight exposure. It also comes integrated with a magnetic filter basket which is designed for easy extraction from the top, making scheduled maintenance a breeze. The holographic touch interface is made for easy operation and resistant to deterioration or water damage.

iGarden Lawn Mower – the All-Terrain Robotic Lawn Mower

Powered by advanced AI technology Zero-turn AWD high traction driving system and the company’s inherited energy management system, the iGarden Lawn Mower brings users All-Scenario Friendly robotic lawn mower keeps your lawn perfectly manicured with minimal effort.

Flawless Cutting Performance Without the Hassle

With its built-in AWD, the Garden Lawn Mower can master slopes and hills and offering superior traction when traversing various terrains and precision manoeuvring for flawless cuts on uneven ground. The robust battery system allows the iGarden Lawn Mower to enjoy up to 10 hours of continuous, flawless mowing on a single charge, making it the best maintenance device to ensure your lawn is perfectly maintained at all times, day or night.

Made for Ease of Use and Convenient Wireless Control

Unlike other robotic lawn mowers, the iGarden Lawn Mower comes integrated with LiDAR technology and doesn’t require cumbersome perimeter wires or RTK reference stations. With the iGarden Lawn Mower, you can be ready to mow in minutes. Users can easily set up and monitor multiple lawn zones with ease, ensuring every area receives the perfect cut.

Smarter Mapping with AI Vision and Unwavering Precision

Cutting-edge AI technology allows the lawn mower to automate mapping, cross-edge cutting, and seamless obstacle recognition and avoidance. The 360° 430K-point cloud 3D LIDAR ensures stable, interference-free positioning and mapping for unparalleled accuracy and reliability. The iGarden Lawn Mower is specifically designed to avoid cutting flowers, so your garden and hedges remain beautifully untouched.

The iGarden TurboX and TurboX Master will be available in March and April 2025 respectively, and the iGarden lawn mower will be available on Kickstarter in April 2025. 

About iGarden

Founded in 1999, iGarden has been at the forefront of revolutionizing outdoor living with smart, comprehensive solutions that seamlessly blend premium energy efficiency with sophisticated design. iGarden is dedicated to pushing the boundaries of technology and design to elevate your everyday lifestyle to new heights of elegance and comfort.

Our product range is meticulously crafted to enhance every aspect of the outdoor experience. From our cutting-edge inverter pool technology to advanced robotic pool cleaners, solar energy panels, robotic lawnmowers, and surfing-swim machines, iGarden offers a holistic suite of solutions that transform your outdoor space into sanctuaries of luxury and efficiency.

At iGarden, we understand that true innovation lies in the details. Our vision is to provide you with hassle-free, stylish, and sustainable outdoor living solutions that not only meet but exceed expectations. Elevate your lifestyle with solutions designed to integrate seamlessly and experience the epitome of performance without the hassle.

Experience the artful living with iGarden:

Website: www.fairlandgroup.com
Facebook: https://www.facebook.com/people/iGarden/61570919963920/
YouTube: https://www.youtube.com/channel/UCKtrBDHjIeviWcSzMP_dpZg

Media Contact:

TEAM LEWIS
Leo Li
Email: leo.li@teamlewis.com

 

 

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SOURCE iGarden

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Technology

Vatrer Power Debuts Latest LiFePO4 Sustainable Energy Technology Solutions at CES 2025

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LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — Vatrer Power, the leading Lithium Iron Phosphate (LiFePO4) product and technology solution provider, is currently showcasing its latest sustainable energy solutions and products for consumer electronics, home energy storage, and electric vehicles at Booth #35906 during CES 2025, held from January 7 to 10 in Las Vegas.

“The CES exhibition is not only a platform to highlight our latest products but also an opportunity for us to communicate with global innovators, industry leaders, consumer users, and more. The brand mission of Vatrer Power is ‘to make green energy at your fingertips,’ and we hope to welcome you to visit us at the exhibition or follow us online,” said Henry Ma, CEO of Vatrer Power.

The Vatrer 48V 105AH Lithium Golf Cart Battery, to be highlighted at CES 2025, adopts EVE’s Grade A Prismatic LiFePO4 cells and offers 5.37kWh of energy. It delivers 10.24kW of power with low self-discharge and stable performance that’s 50 percent more powerful than similar-sized lithium batteries, and provides strong acceleration to handle tough terrains with ease. Engineered for 48V golf carts, this battery offers powerful energy and compatibility with major golf cart controllers, includes a 58.4V 20A LiFePO4 charger for fast charging, and features a 2.8-inch touchscreen for real-time monitoring.

The Vatrer 48V (51.2V) 100Ah LiFePO4 Lithium Solar Battery is a compact and high-efficiency home energy storage solution that seamlessly integrates with renewable energy. Its user-friendly design features a touchable smart interface for monitoring and controlling the battery anytime, anywhere, providing great convenience. With no acid in the lithium-ion battery, it can be mounted in any position, making Li-ion batteries perfect for marine, RV, campers, travel trailers, and off-grid applications.

In addition, the Vatrer 12V 460AH RV Lithium Battery is specifically designed for RVs and a perfect replacement for lead-acid batteries. It boasts a capacity of 5,888Wh and an impressive maximum load power of 3,200W. It fits the most unobstructed lead-acid battery trays with a compact size that takes up only half the space of four 12V 100Ah batteries. When used in conjunction with MPPT and an inverter, it seamlessly integrates into solar power systems, providing uninterrupted power supply for the RV.

At CES 2025, Vatrer Power’s exhibition will also feature simulations to demonstrate the products’ performance under extreme conditions. Visitors will have the opportunity to try the products firsthand and experience their functionality and efficiency.

Looking ahead, Vatrer Power will continue to innovate powerful, long-lasting and affordable LiFePO4 batteries for broader applications and accentuate on its commitment to green energy accessibility, supporting sustainable practices to build a green future for all.

For more information about Vatrer Power’s products and exhibition at CES 2025, please visit https://www.vatrerpower.com/blogs/event/consumer-electronics-show-2025.

About Vatrer Power

Vatrer Power was founded on a commitment to bridge the gap between cost and accessibility and mission of democratizing access to advanced lithium iron phosphate (LiFePO4) technology to make sustainable energy solutions affordable for all. Vatrer Power opened its flagship store in 2020—not just as a business venture but as a pledge to the planet and customers. Today, with a dedicated team of 200, it leads in providing eco-friendly batteries that power everything from consumer electronics to electric vehicles, ensuring energy that is not only reliable but also responsible. Driven by a promise of quality, innovation, and trust from the community, Vatrer Power thrives to create a greener future, not just powering the devices, but powering a better, sustainable life for everyone.

www.vatrerpower.com

https://www.instagram.com/vatrerpower/

https://www.youtube.com/@Vatrer

https://www.tiktok.com/@vatrerpowerofficial

CONTACT: Zixin Li, global@vatrerpower.com

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SOURCE Vatrer Power Inc.

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Technology

Yeahka Partners with Mastercard to Launch Acquiring System

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HONG KONG, Jan. 9, 2025 /PRNewswire/ — Recently, Hong Kong-listed Yeahka (09923.HK) has launched an acquiring system in partnership with global payments technology leader Mastercard and its joint venture in China, Mastercard NetsUnion. This marks another upgrade in Yeahka’s international card organization partnership channels.

Earlier in March of this year, Yeahka officially became a member institution of Mastercard. The newly launched acquiring system now supports foreign card acceptance, further enhancing Yeahka’s transaction capabilities in its payment business. This development provides merchants with more diverse and comprehensive payment services, while also making it more convenient for international consumers to make payments in China.

Moreover, Yeahka and Mastercard will collaborate to explore diversified value-added services, including but not limited to digital innovation and marketing solutions. They will also actively expand international market payment partnerships together.

This advancement lays a solid foundation for Yeahka’s application to become a member of more international card organizations. Previously, Yeahka had also partnered with another international card organization, American Express, and in September 2021, they jointly launched the American Express RMB card acquiring business.

Yeahka has stated that it will continue to drive collaboration with card organizations, banks, and other institutions, offering high-quality services and continuous innovation to provide customers with efficient, convenient, and secure one-stop payment solutions. Beyond payments, the company is also committed to providing multi-layered smart service products, including merchant operation SaaS services and data-driven marketing solutions to merchants across various industries.

Notably, in recent years, Yeahka has been focusing on cross-border payments, expanding into new markets and seeking new growth opportunities. It has already acquired licenses such as the Hong Kong MSO, Singapore MPI, and U.S. MSB, and has established a preliminary, comprehensive cross-border payment service network. In 2023, the company officially launched its cross-border payment business brand, YeahPay. According to the latest financial report, Yeahka’s cross-border payment business has seen rapid growth, with third-quarter GPV increasing by nearly 50% year-on-year in 2024.

View original content:https://www.prnewswire.com/apac/news-releases/yeahka-partners-with-mastercard-to-launch-acquiring-system-302346627.html

SOURCE Yeahka Limited

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