Global Wireless Electric Vehicle (EV) Charging Market, By Propulsion Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)), 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), Power Supply (3-11KW, 11-50KW, Less than 50KW), Vehicle Type (Passenger Cars, Commercial Vehicle), Distribution Channel (Aftermarket, OE), Application (Commercial Charging Stations, Home Charging Unit), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Wireless Electric Vehicle (EV) Charging Market
Wireless electric vehicle (EV) charging market is expected to grow at a compound annual growth rate of 41.35% over the forecast period of 2021 to 2028. Data Bridge Market Research report on wireless electric vehicle (EV) charging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Wireless electric vehicle charging is the method of charging vehicles without the use of any wires while they are in motion or are fixed at the charging stations. This system of charging consist of the vehicles to be included with a power receiving coil installed beneath the vehicle’s surface and the power transmitting coil to be positioned on the charging station so that the power can be transmitted and the battery of the vehicles can be charged.
The wireless electric vehicle (EV) charging market has a huge potential to grow over the forecast period of 2021 to 2028, owing to the rising demand for emission free and safe electric vehicles across the globe. In addition, the rapid development of fast-charging infrastructure for electric vehicle is also largely influencing the growth of the wireless electric vehicle (EV) charging market. Also the rise in demand for electric vehicle, increase in oil prices, global warming as well as the escalating infrastructure for fast or dash chargers are another driver flourishing the growth of wireless electric vehicle (EV) charging market, which in turn is raising the growth of the target market. Additionally, the increasing consumer demand for convenience features will also boost the growth of the wireless electric vehicle (EV) charging market in the above mentioned forecast period.
However, the market of wireless electric vehicle (EV) charging though has certain limitations which can obstruct the potential growth of the market such as the high cost of upgrading to wireless charging technology, whereas the minimizing loss of efficiency and high investment in infrastructure for dynamic charging have the potential to challenge the growth of the wireless electric vehicle (EV) charging market. In addition, the growing support from government for wireless charging will further offer various growth opportunities for the wireless electric vehicle (EV) charging market in the forecast period of 2021 to 2028.
This wireless electric vehicle (EV) charging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on wireless electric vehicle (EV) charging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Wireless Electric Vehicle (EV) Charging Market Scope and Market Size
Wireless electric vehicle (EV) charging market is segmented on the basis of propulsion type, charging system, charging type, component, power supply, distribution channel and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of propulsion type, the wireless electric vehicle (EV) charging market is segmented into battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV).
- The wireless electric vehicle (EV) charging market has also been segmented on the basis of charging system into magnetic power transfer, inductive power transfer and capacitive power transfer.
- Based on charging type, the wireless electric vehicle (EV) charging market is segmented into dynamic wireless charging system and stationary wireless charging system.
- On the basis of component, the wireless electric vehicle (EV) charging market is segmented into base charging pad, power control unit and vehicle charging pad.
- Based on power supply, the wireless electric vehicle (EV) charging market is segmented into 3-11kw, 11-50kw and less than 50kw.
- On the basis of distribution channel, the wireless electric vehicle (EV) charging market is segmented into aftermarket and OE.
- The application segment of the wireless electric vehicle (EV) charging market is segmented into commercial charging stations and home charging unit.
Wireless Electric Vehicle (EV) Charging Market Country Level Analysis
Wireless electric vehicle (EV) charging market is analyzed and market size, volume information is provided by country, propulsion type, charging system, charging type, component, power supply, distribution channel and application as referenced above.
The countries covered in the wireless electric vehicle (EV) charging market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).
Asia-Pacific leads the wireless electric vehicle (EV) charging market because of the high demand for wireless charging system coupled with the electric vehicle production and consumer demand within this particular region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the easy availability of feasible infrastructures to support electric vehicle sale in the region.
The country section of the wireless electric vehicle (EV) charging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wireless Electric Vehicle (EV) Charging Market Share Analysis
Wireless electric vehicle (EV) charging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wireless electric vehicle (EV) charging market.
The major players covered in the wireless electric vehicle (EV) charging market report are Continental AG, Qualcomm Technologies Inc., TOYOTA MOTOR CORPORATION, Bombardier, WiTricity Corporation, HELLA GmbH & Co. KGaA, TOSHIBA CORPORATION, ZTE Corporation, ELIX Wireless, HEVO Power, AddÉnergie Technologies Inc., Blink Charging Co., ChargePoint Inc., ClipperCreek, EVgo Services LLC, Leviton Manufacturing Co. Inc., SemaConnect Inc., ABB, Alfen N.V., Allego B.V., and Siemens among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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