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Wireless Charging Battery market expected to reach $11.8 bn by 2020

2/21/2011

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Wireless charging market to grow from $1billion in 2012 to $11.8billion in 2020. Growth is expected in Consumer Application and industrial applications. which includes sensor networking and wireless slip rings for machinery that uses robotic arms and/or rotating joints, such as automated assembly and processing facilities and wind turbines. Other promising, albeit smaller, segments include electric vehicle charging, military applications, and mobile computing and communications devices.

Pike Research president, Clint Wheelock stated that  "applications for wilress power are diverse and ranging from mobile phones to electric vehicles. to unmanned aircraft and in the future wireless transmission will have the capability of sending large amounts of power to remote locations."

E-coupled are industrial use application that allows manufacturers to integrate this technology in the appliances. Wheelock added that the industry taking shape around wireless power includes major manufacturers like General Motors and General Electric, as well as startups such as WiTricity, Pure Energy Solutions, and Powermat.

There are hurdles in this business currently since no interoperable standards are there currently. However, these will be overcome and a potential to reach a $12 billion market is expected by 2020.

Sources: http://www.Pikeresearch.com



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