Wireless power transmission market estimated to reach $17.15 billion by 2025

Written By: Katherine Demetre
August 7, 2017

wireless-power

On August 7, 2017, Transparency Market Research announced a new market report on the wireless power transmission market.

According to the report, the wireless power transmission market was valued at $3.6 billion US dollars in 2016 and is projected to reach US $17.15 billion US dollars by 2025, at a CAGR of 19.2% from 2017 to 2025.

Furthermore, the report uncovered factors driving the demand for wireless power transmission, such as operational efficiency, minimization of electric loss, digitization and infrastructural development.