In this paper, the feasibility of applying a multi-branch equivalent model employing first- and second-order Cauer circuits for the analysis of electromagnetic transducers used in systems of wireless power transfer is discussed. A method of formulating an equivalent model (EqM) is presented, and an example is shown for a wireless power transfer system (WPTS) consisting of an air transformer with field concentrators. A method is proposed to synthesize the EqM of the considered transducer based on the time-harmonic field model, an optimization algorithm employing the evolution strategy (ES) and the equivalent Cauer circuits. A comparative analysis of the performance of the considered WPTS under high-frequency voltage supply calculated using the proposed EqM and a 3D field model in the time domain using the finite element method (FEM) was carried out. The selected results of the conducted analysis are presented and discussed.