Wireless Electric Vehicle Charging Market
Global Wireless Electric Vehicle Charging Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Wireless Electric Vehicle Charging Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter’s Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.
The global market for wireless electric vehicle charging was valued at $6,857.80 thousand in 2020 and is projected to reach $207,415.10 thousand by 2030, exhibiting a CAGR of 41.4% from 2023 to 2030.
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Major Players in Wireless Electric Vehicle Charging Markets are:
IPT technology inc., Continental AG, Evatran group (plugless), Nidec mobility corporation, Renesas electronics, Powermat technologies, Qualcomm technologies, Robert Bosch GmbH, Texas instruments, Toyota motor corporation, and Witricity. The report provides a competitive analysis and profiles of these key market players.
Industry News:
In April 2023, WiTricity Corporation along with ABT e-Line (Germany), announced to bring wireless EV charging to the streets of Europe. With demonstrated experience working with the Volkswagen Group (VW), ABT e- Line (Germany) will initially upgrade the VW ID.4 model to support wireless charging technology offered by WiTricity Corporation. This model (with wireless charging technology) is expected to be available in the market by early 2024.
In February 2023, HEVO Inc. collaborated with Stellantis NV (a leading global automaker and mobility provider) to integrate/incorporate wireless charging technology into Stellantis electric vehicles. This, in turn, will enable a superior charging experience with safety, efficiency, and durability.
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Wireless Electric Vehicle Charging Market Dynamics
Drivers: Key factors propelling market growth include the rising demand for electric vehicles, advancements in wireless charging technologies, and favourable government incentives aimed at promoting sustainable transportation solutions. Technologies such as inductive and magnetic resonance coupling are enhancing charging efficiency and safety, contributing to the market’s expansion.
Restraints: Despite its advantages, wireless EV charging faces challenges such as higher infrastructure costs and potential efficiency losses compared to traditional wired charging methods. These factors may hinder widespread adoption, particularly in regions with limited EV penetration.
Opportunities: The integration of wireless charging systems into public infrastructure, including roads and parking spaces, presents significant opportunities. For instance, projects like Electreon’s wireless electric road system in Germany and the U.S. are pioneering dynamic charging solutions that could revolutionize EV charging practices.
Global Wireless Electric Vehicle Charging Market Segmentation:
By Distribution Channel
OEMS
AFTERMARKET
By Charging Method
CWPT
MGWPT
RIPT
IPT
By Installation
Home
Commercial
By Vehicle Type
BEV
PHEV
CEV
By Power Source
3≤11 KW
11-50 KW
>50 KW
The following areas and countries are covered in the worldwide Wireless Electric Vehicle Charging Market file:
North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)
Europe currently holds the largest market share, driven by robust EV adoption and supportive policies. The Asia-Pacific region, particularly countries like China, Japan, and South Korea, is witnessing rapid growth due to technological advancements and increasing consumer demand. In India, the wireless EV charging market is projected to grow at a CAGR of 53.0% during the forecast period, indicating a significant surge in adoption.
Detailed industry forecast-Brief Introduction to the research report:
Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
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Key Features of the Wireless Electric Vehicle Charging Market Report: –
Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
Examine the market opportunities for stakeholders by identifying higher growth sections.
To study and analyze the global Wireless Electric Vehicle Charging Market industry status and forecast including key regions.
An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter’s Five Forces analysis to provide a deeper understanding of the market.
It helps you make strategic business decisions and investment plans.
Finally, Wireless Electric Vehicle Charging Market is a valuable source of guidance for individuals and companies.
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