Wireless Power Transmission Market Dynamics, Forecast, Analysis and S Wireless Power Transmission Market Dynamics, Forec | Page 3

Report
Description
Report Description
Wireless power transmission (WPT) or wireless power transfer refers to the transfer of
energy or power from one place to another without being connecting through wires. In
this, electromagnetic energy is transferred from power sources to electric loads.

Wired transmission is the most commonmode of transmitting electrical energy. Its main
drawback, the loss of energy during transmission, drives the demand for wireless power
transmission. Being fast and consistent, WPT can be used both for short and long range
transmissions. A major advantage of WPT is low maintenance cost. However, there is a
high initial cost i.e. capital cost involved in implementing the WPT. Another disadvantage
is interference of microwaves with current communication systems. WPT is generally
used for transfer of energy to remote areas. Major application of WPT is in consumer
electronics goods such aslaptops, tablets and smartphones. The largest application of
WPT is in solar-power satellites. WPT is also used in fuel-free aircrafts, fuel-free electric
automobiles, robots and fuel-free rockets.
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Globally, WPT technology is being accepted positively, outdated wired power
transmission tools are being replaced with the latest technology. Countries likethe
U.S.are investing high on the adoption of WPT technology, to take full advantage of their
power system networks and reduce the installation cost of overhead cables. This
technology is still in its initial stage, which providesa huge opportunity for new entrants