Wireless EV Charging Market is forecasted to grow at 117.75% for 2019 to 2026 to an estimated value of USD 844.25 million by 2026 with factors such as high cost of upgrading to wireless charging technology and slow charging process hampering the market growth.
Wireless EV charging market has shown a significant adoption rate and preferences from the Asia- Pacific region with countries such as China and India. Availability of favorable government policies and technological advancement in the wireless charging system are the factors which is expected to further the adoption and demand rate for wireless EV charging.
According to Data Bridge Market Research the Wireless EV charging market in developing regions is witnessing a growth in terms of its adoption rate, growing demand for energy efficient sources and development in fast charging infrastructure for EV. Rising demand for safety and convenience among population is another factor which is driving the market growth. There is also increase in the government policies associated with the electric vehicles and electric vehicles charging stations will affect the growth of the wireless EV charging in the forecast period of 2019- 2026
Now the question is which are the regions that wireless EV charging market players should target? Data Bridge Market Research has forecasted market leaders to target Asia-Pacific’s developing regions to help them in attaining better volume of revenue generation.
Wireless EV charging market is becoming more competitive every year with 11-50KW currently being the largest market power supply range for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the wireless EV charging market.
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Ford announced the launch of their largest electric charging network FordPass Charging Networkin October 2019 along with Greenlots and Electrify America. The user can easily use chargers of the network with the help of an app or on the primary touch screen of the vehicle when required. The FordPass network will consist of 12,000 charging stations along with 35,000 plugs.
WiTricity announced the acquisition of Qualcomm’s EV wireless charging unit Halo in February 2019. This acquisition will help the company to simplify the development of new technologies and enable automakers to provide a seamless charging experience for electric vehicles. This will also improve the ability of EV operators to park over wireless ground charging pads, effectively removing the need for load plug-in.
The Global Wireless EV Charging Market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel, Rest of Middle East and Africa (MEA).
All country based analysis of the wireless EV charging market is further analysed based on maximum granularity into further segmentation. On the basis of installation type, the wireless EV charging market is segmented into aftermarket and OE Market. The propulsion type us segmented into BEV and PHEV. On the basis of charging station type, the wireless EV charging market is segmented into commercial charging stations and home charging stations. The component segment is wireless EV charging is segmented into base charging pad, power control unit and vehicle charging pad. The wireless EV charging market is segmented into 3-11KW, 11-50KW and less than 50KW. On the basis of charging type, the wireless EV charging market is segmented into dynamic wireless charging system and stationery wireless charging system. The wireless EV charging market is also segmented on the basis of passenger cars, electric commercial vehicle and electric two wheeler.
Wireless EV charging is the process of charging battery-powered devices and facilities electrically without involvement of any wired electrical connection. This enables the wireless transfer of electrical charge to the receiver system from a mobile unit or node. Some of the common components of the wireless EV charging are base charging pad, vehicle charging pad and power control unit. The electric vehicles are powered and charged by a consistent, useful and safe technology.
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Key Pointers Covered in the Wireless EV Charging Market Industry Trends and Forecast to 2026
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of wireless EV charging companies, contact us https://www.databridgemarketresearch.com/reports/global-wireless-ev-charging-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Wireless EV Charging Market – Industry Trends and Forecast to 2026