Wireless Power Transmission Market Growth and Segments,2014-2020 FMI | 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 fuelfree 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Globally, WPT technology is being accepted positively, outdated wired power transmission tools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 to enter this market,conditional to their
acceptance of the high capital cost. The main drivers for the market area huge demand by the
battery functioned devices globally and decrease in high tension on Head Cables.