The wafer-type transducer is attractive for Lamb wave generation because it offers a degree of mode selectivity and is potentially compact and inexpensive. However, mounting and in particular the provision of electrical connections has been problematic, especially when permanent installation on exposed structures is contemplated. We have recently demonstrated inductive coupling that achieves excellent transducer performance while obviating the need for electrical connectors. In this paper, we report on detailed electrical analysis and modeling of our inductively coupled transducer. We will report detailed analysis of an inductively coupled transducer consisting of a PZT wafer, a ferrite sheet, and a two-layer printed circuit board.