Wireless power transmission system is used to transmit the power without using of conductor. His first efforts towards this end started in 1891 and were intended to simply about this fact that object of his experiments was simply to produce effects locally and detect them at a distance. Nikola Tesla is best known for his remarkable statements regarding the wireless transmission of electrical power. Besides of it here we also discussed the merits and de-merits with it's available practical commercial and non commercial applications along with the recent development and researches in Market growth study and economic aspects. We also presented about all the available theories and prototypes. Hence in order to provide them the same, we presented here the basic concept, background, complete evaluation and detailed study of this technology with its modern techniques. For this many concepts, research papers, patents are available on witricity but the market study of this commercial technology is yet to be materialized. Consumers of electric power always want fastest most, high efficient & faultless technology of power transmission everywhere.
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