Global Wireless Power Revenue to Reach US $17.9 Billion by 2024

Wireless Power

Wireless power is finally achieving substantial growth in adoption. Well over 100 million mobile phones are expected to be integrated with wireless charging functionality in 2015. However, the actual use of wireless power, even in devices that are equipped with it, has been persistently low. Consumer awareness remains a challenge, and current wireless power technology does not provide users with a truly wireless experience. Moreover, competing industry standards have prevented some manufacturers from committing to wireless power entirely. Nonetheless, an increasing reliance on electronics and the constant need to power them will continue to drive the adoption of wireless power. According to a new Navigant Research report, global wireless power revenue is expected to grow from $1.3 billion in 2015 to $17.9 billion in 2024.

Inductive coupling is the predominant wireless power technology currently in the market, reports Navigant. Although it provides the convenience of avoiding wires, it is limited in the amount of power and spatial freedom provided. Magnetic resonance addresses these limitations, though its commercialization has been delayed, with products expected to hit the market by the end of 2015. Against this backdrop, several startups are developing technologies to provide better distances, power limits, and efficiencies.

The Navigant Research report examines the global market for wireless power, with a focus on mobile consumer electronics, appliances and stationary consumer electronics, automotive, and industrial, military, and medical applications. The study analyzes the current market conditions and technology issues and trends that affect the adoption and success of wireless power systems. Global market forecasts, segmented by region, receiver and transmitter application, and technology, extend through 2024.

The report also examines the key technologies (inductive power, magnetic resonance, radio frequency, or RF, power transmission, ultrasound, infrared, and microwave) and applications related to wireless power systems, as well as the competitive landscape.

The report addresses these questions:

•    Who will be the major players in the wireless power sector in the coming decade?
•    What are the major technological, business, and regulatory hurdles to the widespread adoption of wireless power systems?
•    What are the most promising applications for wireless power charging and transmission?
•    How big, in terms of units and revenue, will the wireless power systems market be over the next decade?
•    Where will the adoption of wireless power systems grow most rapidly?

Find out more about Mobile Devices, Consumer Electronics, Wireless Power Infrastructure, and Wireless Charging of Electric Vehicles: Global Market Analysis and Forecasts: https://www.navigantresearch.com/research/wireless-power.

Related Articles

Latest Articles

  • EV Landscape in Canada: EV Sales, Charging Infrastructure, Incentives, Trends

    EV Landscape in Canada: EV Sales, Charging Infrastructure, Incentives, Trends

    September 22, 2025 By Blake Marchand In Canada, the pressure that US tariffs have put on automakers has led to a recent decision by the federal government to pause and review their EV Availability Standard (EVAS), which set targets for automakers on EV sales and range of models. With that recent announcement, I thought it… Read More…

  • Cooper Lighting Solutions Commits to Canadian Acquisition

    Cooper Lighting Solutions Commits to Canadian Acquisition

    September 22, 2025 Cooper Lighting Solutions, part of the global Signify family, just made a noteworthy move by acquiring Calgary-based Nemalux, a company that has quietly built a reputation over the past two decades for making “tough-as-nails” LED lighting. Nemalux specializes in fixtures designed for the truly harsh places like oil rigs, mines, ships, and… Read More…

  • Major Projects Under Consideration by the Federal Government

    Major Projects Under Consideration by the Federal Government

    Projects deemed to be of national importance and significance are being referred to the Major Projects Office who will continue to work with proponents, provinces, territories and Indigenous Peoples to find the right way forward for these projects. The initial projects under consideration are: LNG Canada Phase 2 – Kitimat, BC Proponent: LNG Canada This project would double… Read More…

  • EFC Urges Federal Government to Maintain the EV Availability Standard to Ensure Affordability, Consumer Choice, and Industry Certainty

    EFC Urges Federal Government to Maintain the EV Availability Standard to Ensure Affordability, Consumer Choice, and Industry Certainty

    Electro-Federation Canada (EFC), the national association representing over 230 member companies in the electrical industry, including manufacturers, distributors, and technology providers that power Canada’s electrification infrastructure, is calling on the federal government to maintain the Electric Vehicle (EV) Availability Standard and preserve policies that send strong and consistent signals to consumers, manufacturers, and investors. At… Read More…

Changing Scene

  • Cooper Lighting Solutions Commits to Canadian Acquisition

    Cooper Lighting Solutions Commits to Canadian Acquisition

    September 22, 2025 Cooper Lighting Solutions, part of the global Signify family, just made a noteworthy move by acquiring Calgary-based Nemalux, a company that has quietly built a reputation over the past two decades for making “tough-as-nails” LED lighting. Nemalux specializes in fixtures designed for the truly harsh places like oil rigs, mines, ships, and… Read More…

  • Greenlee Experience 2025 – Recap

    September 18, 2025  Greenlee brought together electrical and utility professionals for its fourth annual Greenlee Experience, a three-day VIP event   at one of its manufacturing facilities. This exclusive event was created to honor professionals in the electrical and utility trades, while offering a behind-the-scenes look at the brand’s legacy of innovation. “It was an absolute joy… Read More…

  • Ontario Investing $10 million to Build New South Bowmanville Recreation Centre

    Ontario Investing $10 million to Build New South Bowmanville Recreation Centre

    September 18, 2025 The Ontario government is investing $10 million to support the construction of the South Bowmanville Recreation Centre in the Municipality of Clarington. This project is part of the $200 million Community Sport and Recreation Infrastructure Fund (CSRIF) — a provincewide initiative to help communities revitalize local facilities, grow the economy and promote active,… Read More…

  • Ontario Investing $19.5 Million to Build New Recreation Complex in Cambridge

    September 18, 2025 The Ontario government is investing $19.5 million to protect jobs and support the construction of a new multi-purpose recreation complex in the City of Cambridge. This project is part of the $200 million Community Sport and Recreation Infrastructure Fund (CSRIF), a provincewide initiative to revitalize local facilities, grow the economy and promote active, healthy… Read More…