"To win the competition in the global market, choosing a reliable Wireless EV Charging Market research report is very important. Businesses can gain insight into a complete industry background analysis that includes home market assessment. This market report takes into account the various market analysis segments demanded by today's businesses. Clients are used to a great combination of the best industry insights, practical solutions, talent solutions and the latest technology when using Wireless EV Charging Market reports for business growth. Market drivers and restraints have been explained here using SWOT analysis.
The key areas covered in the best Wireless EV Charging Market report include market definition, market segmentation, competitive analysis, and research methodology. Additionally, to better understand facts and figures, data is presented in the form of graphs, tables, and charts. This market research report is the definitive solution to have exclusive market research data that anticipates business needs. Apart from that, business people can find out the extent of market problems, the reasons for the failure of certain products already on the market, and the market prospects for new products that will be launched.
Data Bridge Market Research analyses that the wireless electric vehicle (EV) charging market, valued at USD 15 million in 2022, will reach USD 437.86 million by 2030, growing at a CAGR of 52.46% during the forecast period of 2023 to 2030.
Explore Further Details about This Research Wireless EV Charging Market Report https://www.databridgemarketresearch.com/reports/global-wireless-ev-charging-market
Wireless Electric Vehicle (EV) Charging Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Propulsion Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Commercial EV) Charging, System (Magnetic Power Transfer, Inductive Power Transfer, Capacitive Power Transfer) Charging Type (Dynamic Wireless Charging System, Stationary Wireless Charging System, Component (Base Charging Pad, Power Control Unit, Vehicle Charging Pad, Battery Management Systems), Power Supply (3-11KW, 11-50KW, Less than 50KW) Vehicle Type (Passenger Vehicles , Commercial Vehicle, Others), Distribution Channel (Aftermarket, OEM) Charging Method (Capacitive Wireless Power Transfer (CWPT), Magnetic Gear Wireless Power Transfer (MGWPT) ,Resonant Inductive Power Transfer (RIPT), Inductive Power Transfer (IPT)) Application (Commercial Charging Stations, Home Charging Unit) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
Market Players Covered | ABB (Switzerland), Alfen N.V. (Netherlands), Allego B.V. (Netherlands) ,Siemens (Germany), EVgo Services LLC. (U.S.), Leviton Manufacturing Co., Inc. (U.S.), Continental AG (Germany), Qualcomm Technologies, Inc (U.S.), TOYOTA MOTOR CORPORATION (Japan), Bombardier (Canada), WiTricity Corporation. (U.S.), HELLA GmbH Co. KGaA (Germany), TOSHIBA CORPORATION (Japan), ZTE Corporation (China), WiTricity Corporation (U.S.), Momentum Dynamics Corporation (U.S.), Qualcomm Incorporated (U.S.), Continental AG (Germany), Evatran Group Inc. (U.S.), Plugless Power Inc. (U.S.), Chargemaster plc (U.K.) |
Market Opportunities |
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Market Definition
Smart wireless charging technology for electric vehicles eliminates the need for extension cords and cumbersome wired connections. This system enhances the convenience of charging EVs at home or work by offering a seamless and hassle-free experience. With smart technology, EV owners can simply park their vehicles over a charging pad, enabling efficient and effortless charging without the limitations of wired charging systems.
Wireless Electric Vehicle (EV) Charging Market Dynamics
Drivers
- Advantages of wireless charging over wired charging
Wireless charging offers several advantages over traditional wired charging methods. It eliminates the need for physical cables and connectors, providing a seamless and convenient charging experience. With wireless charging, there is no risk of wear and tear or damage to charging cables. It also enhances safety by reducing the risk of electric shock. Additionally, wireless charging enables greater flexibility and convenience, allowing for effortless charging without the need for precise alignment or physical connections.
- Increasing support from governments for wireless charging
Governments worldwide are recognizing the potential of wireless charging for electric vehicles (EVs) and are actively supporting its development. With tax relaxation and financial incentives, governments aim to encourage the adoption of EVs and the deployment of wireless charging infrastructure. The advantages of wireless charging, including increased convenience, enhanced safety, and reduced reliance on charging stations, have attracted significant attention. For instance, a company called Char.gy received a substantial investment of USD 3.01 million to implement wireless charging technology on residential streets, further driving the advancement of this promising EV charging solution.
Opportunities
- Technological advancements
The wireless electric vehicle charging market is witnessing continuous technological advancements, such as improved efficiency, higher power transfer capabilities, and longer charging distances. These advancements enhance the feasibility and attractiveness of wireless EV charging solutions. Ongoing research and development efforts present opportunities for innovation and the introduction of more efficient and advanced wireless charging technologies.
- Collaborations and partnerships
Collaboration between automakers, charging infrastructure providers, and technology companies can drive the growth of the wireless EV charging market. Partnerships can facilitate the integration of wireless charging capabilities into electric vehicle models, expand the charging network, and improve interoperability between different charging systems. Collaborations can accelerate the adoption of wireless charging and create a more seamless and interconnected charging ecosystem.
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by different segment | 2023−2029
- Wireless EV Charging Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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