The Global Wireless Power Transfer (WPT) Market Size is estimated to register 19.8% growth over the forecast period from 2023 to 2030.
The market growth is driven by an increasing WPT in industrial settings reducing the reliance on physical connectors, minimizing wear and tear, and improving overall system reliability. It also enhances workplace safety by eliminating the need for exposed electrical connections. Leading Companies focusing on Long-Range Wireless Charging, Integration with 5G Networks, Expanded Applications in Space Exploration, and others to boost market shares in the industry.
The Wireless Power Transfer (WPT) market has witnessed substantial growth, driven by the widespread adoption of wireless charging in consumer electronics, electric vehicles, and industrial automation. Key drivers include the increasing popularity of electric vehicles, Industry 4.0 initiatives, and advancements in resonant inductive coupling technologies. Standardization efforts by organizations like the Wireless Power Consortium have promoted interoperability. The technology's diverse applications span healthcare and smart infrastructure. Challenges include energy efficiency concerns and the need for widespread infrastructure deployment. The future outlook involves innovations such as long-range wireless charging, integration with 5G networks, and applications in space exploration.
Wireless Power Transfer (WPT) technology is revolutionizing electric vehicle (EV) charging by providing a contactless and seamless experience, significantly enhancing the appeal of EVs. This transformative technology eliminates the need for traditional charging cables, simplifying the process and making electric mobility more accessible. As EVs become integral to our daily lives, WPT not only addresses convenience issues but also contributes to the broader transition toward sustainable transportation. The impact extends beyond individual vehicles, influencing the development of smart cities and connected transportation ecosystems, where wireless power transfer plays a key role in shaping a cleaner and more efficient urban mobility landscape.
Rapid advancements in wireless power transfer (WPT) technology, marked by increased efficiency, extended transmission distances, and enhanced safety measures, are fueling substantial demand in the global market. These improvements address critical concerns in various applications, from consumer electronics to electric vehicles, promising a streamlined and effective charging experience. The heightened efficiency and expanded transmission capabilities make WPT more versatile and applicable across diverse industries. The integration of enhanced safety measures further instills confidence in the technology's reliability. With these advancements, the global WPT market is poised for significant and sustained growth, shaping the trajectory of wireless charging solutions across a wide range of applications.
The integration of wireless power transfer (WPT) technology into smart infrastructure is ushering in a future characterized by seamless and wireless powering of devices and vehicles. This transformative integration enhances connectivity, convenience, and overall efficiency across various domains, from facilitating wireless charging for electric vehicles in smart cities to powering Internet of Things (IoT) devices in smart homes. The synergy between WPT and smart infrastructure not only eliminates the constraints of physical cables but also establishes a foundation for a future where power delivery seamlessly integrates with technologically advanced surroundings, fostering interconnected and energy-efficient living.
The Global Wireless Power Transfer (WPT) Market is analyzed across Devices with Battery, Devices without Battery, and others. Devices with Battery are poised to register the fastest growth. The prevalence of battery-equipped devices is driving the Wireless Power Transfer (WPT) market, influencing its growth and applications. The demand for wireless charging solutions has surged as smartphones, smartwatches, and various battery-powered gadgets become more common. Integration of WPT technology not only enhances user convenience by eliminating traditional charging cables but also extends to diverse applications, from medical implants to electric vehicles, offering a seamless and efficient power supply.
The Global Wireless Power Transfer (WPT) Market is analyzed across various Technologies including Near-Field Technology, Far-Field Technology, and others. Far-Field Technology Of these, held a significant market share in 2023. Far-Field Technology is a significant driver in the Wireless Power Transfer (WPT) market, expanding the possibilities of wireless charging by enabling power transfer over longer distances. This technology is gaining prominence in applications such as electric vehicle charging and industrial automation, where its extended reach enhances flexibility and convenience. With ongoing advancements improving efficiency and reliability, Far-Field Technology is positioned to play a pivotal role in meeting the growing demand for extended-range wireless charging solutions, shaping the trajectory of the WPT market across diverse industries and applications.
Siemens AG, WiTricity Corporation, and MAHLE have jointly initiated the creation of a Wireless Power Transfer Taskforce under the auspices of CharIN.
The Air Fuel Alliance has declared the introduction of the Global At-A-Distance RF Wireless Charging Standard, with Far-Field Technology maintaining a notable market share in 2023.
By Type
By Technology
By Application
By Region
*List not exhaustive
Wireless Power Transfer (WPT) Market Outlook 2023
1 Market Overview
1.1 Introduction to the Wireless Power Transfer (WPT) Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Wireless Power Transfer (WPT) Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Wireless Power Transfer (WPT) Market Companies with Area Served
4.2.2 Products Offerings Global Wireless Power Transfer (WPT) Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Wireless Power Transfer (WPT) Market Trends
6.1 Global Wireless Power Transfer (WPT) Revenue (USD Million) and CAGR (%) by Type (2018-2030)
6.2 Global Wireless Power Transfer (WPT) Revenue (USD Million) and CAGR (%) by Applications (2018-2030)
6.3 Global Wireless Power Transfer (WPT) Revenue (USD Million) and CAGR (%) by Regions (2018-2030)
7 Global Wireless Power Transfer (WPT) Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Wireless Power Transfer (WPT) Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Wireless Power Transfer (WPT) Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Wireless Power Transfer (WPT) Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Wireless Power Transfer (WPT) Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Wireless Power Transfer (WPT) Development Regional Status and Outlook
8.1 Global Wireless Power Transfer (WPT) Revenue (USD Million) By Regions (2018-2022)
8.2 North America Wireless Power Transfer (WPT) Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Wireless Power Transfer (WPT) Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Wireless Power Transfer (WPT) Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Wireless Power Transfer (WPT) Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Wireless Power Transfer (WPT) Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Wireless Power Transfer (WPT) Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Wireless Power Transfer (WPT) Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Wireless Power Transfer (WPT) Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) by Applications (2018-2022)
8.5 South America Wireless Power Transfer (WPT) Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Wireless Power Transfer (WPT) Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Wireless Power Transfer (WPT) Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Wireless Power Transfer (WPT) Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Wireless Power Transfer (WPT) Market Revenue (USD Million), by Type, and Applications (2023-2030)
10.1 Global Wireless Power Transfer (WPT) Revenue (USD Million) and Market Share (%) by Type (2023-2030)
10.1.1 Global Wireless Power Transfer (WPT) Revenue (USD Million), and Market Share (%) by Type (2023-2030)
10.2 Global Wireless Power Transfer (WPT) Revenue (USD Million) and Market Share (%) by Applications (2023-2030)
10.2.1 Global Wireless Power Transfer (WPT) Revenue (USD Million), and Market Share (%) by Applications (2023-2030)
11 Global Wireless Power Transfer (WPT) Development Regional Status and Outlook Forecast
11.1 Global Wireless Power Transfer (WPT) Revenue (USD Million) By Regions (2023-2030)
11.2 North America Wireless Power Transfer (WPT) Revenue (USD Million) by Type, and Applications (2023-2030)
11.2.1 North America Wireless Power Transfer (WPT) Revenue (USD) Million by Country (2023-2030)
11.2.2 North America Wireless Power Transfer (WPT) Revenue (USD Million), by Type (2023-2030)
11.2.3 North America Wireless Power Transfer (WPT) Revenue (USD Million), Market Share (%) by Applications (2023-2030)
11.3 Europe Wireless Power Transfer (WPT) Revenue (USD Million), by Type, and Applications (2023-2030)
11.3.1 Europe Wireless Power Transfer (WPT) Revenue (USD Million), by Country (2023-2030)
11.3.2 Europe Wireless Power Transfer (WPT) Revenue (USD Million), by Type (2023-2030)
11.3.3 Europe Wireless Power Transfer (WPT) Revenue (USD Million), by Applications (2023-2030)
11.4 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) by Type, and Applications (2023-2030)
11.4.1 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million), by Country (2023-2030)
11.4.2 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million), by Type (2023-2030)
11.4.3 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million), by Applications (2023-2030)
11.5 South America Wireless Power Transfer (WPT) Revenue (USD Million), by Type, and Applications (2023-2030)
11.5.1 South America Wireless Power Transfer (WPT) Revenue (USD Million), by Country (2023-2030)
11.5.2 South America Wireless Power Transfer (WPT) Revenue (USD Million), by Type (2023-2030)
11.5.3 South America Wireless Power Transfer (WPT) Revenue (USD Million), by Applications (2023-2030)
11.6 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million), by Type, and Applications (2023-2030)
11.6.1 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million), by Region (2023-2030)
11.6.2 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million), by Type (2023-2030)
11.6.3 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million), by Applications (2023-2030)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Wireless Power Transfer (WPT) Market Companies with Areas Served
Table 3 Products Offerings Global Wireless Power Transfer (WPT) Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Wireless Power Transfer (WPT) Revenue (USD Million) And CAGR (%) By Type (2018-2030)
Table 8 Global Wireless Power Transfer (WPT) Revenue (USD Million) And CAGR (%) By Applications (2018-2030)
Table 9 Global Wireless Power Transfer (WPT) Revenue (USD Million) And CAGR (%) By Regions (2018-2030)
Table 10 Global Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Table 11 Global Wireless Power Transfer (WPT) Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Wireless Power Transfer (WPT) Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Wireless Power Transfer (WPT) Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Wireless Power Transfer (WPT) Market Share (%) By Regions (2018-2022)
Table 16 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2018-2022)
Table 17 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Table 18 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2018-2022)
Table 26 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Table 27 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Table 33 Global Wireless Power Transfer (WPT) Revenue Market Share (%) By Type (2023-2030)
Table 34 Global Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Table 35 Global Wireless Power Transfer (WPT) Revenue Market Share (%) By Applications (2023-2030)
Table 36 Global Wireless Power Transfer (WPT) Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)
Table 37 North America Wireless Power Transfer (WPT) Revenue (USD)By Country (2023-2030)
Table 38 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Table 39 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Table 40 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2023-2030)
Table 41 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Table 42 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Table 43 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2023-2030)
Table 44 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Table 45 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Table 46 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2023-2030)
Table 47 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Table 48 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Table 49 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Region (2023-2030)
Table 50 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Region (2023-2030)
Table 51 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Table 52 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Wireless Power Transfer (WPT) Revenue Market Share (%) By Type (2022)
Figure 5 Global Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Wireless Power Transfer (WPT) Revenue Market Share (%) By Applications (2022)
Figure 7 Global Wireless Power Transfer (WPT) Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Wireless Power Transfer (WPT) Market Share (%) By Regions (2022)
Figure 9 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Figure 25 Global Wireless Power Transfer (WPT) Revenue Market Share (%) By Type (2030)
Figure 26 Global Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Figure 27 Global Wireless Power Transfer (WPT) Revenue Market Share (%) By Applications (2030)
Figure 28 Global Wireless Power Transfer (WPT) Market Revenue (USD Million) By Regions (2023-2030)
Figure 29 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2023-2030)
Figure 30 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Figure 31 North America Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Figure 32 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2023-2030)
Figure 33 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Figure 34 Europe Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Figure 35 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2023-2030)
Figure 36 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Figure 37 Asia Pacific Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Figure 38 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Country (2023-2030)
Figure 39 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Figure 40 South America Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Figure 41 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Region (2023-2030)
Figure 42 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Region (2023-2030)
Figure 43 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Type (2023-2030)
Figure 44 Middle East and Africa Wireless Power Transfer (WPT) Revenue (USD Million) By Applications (2023-2030)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
By Type
By Technology
By Application
By Region