Wireless EV charging can be defined as the method of charging vehicles without the use of any wires while they are in motion or are fixed at the charging stations. This method of charging involves the vehicles to be incorporated with a power receiving coil installed underneath the vehicle’s surface and the power transmitting coil to be situated on the charging station so that the power can be transferred and the battery of the vehicles can be charged.
Global Wireless EV Charging Market is expected to rise to an estimated value of USD 844.25 million by 2026, registering a CAGR of 117.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in electric vehicles on the road.
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Major Key players profiled in this report are:
Continental AG, Robert Bosch GmbH, Qualcomm Technologies Inc., Toyota Motor Corporation, Bombardier Inc., WiTricity Corporation, HELLA GmbH & Co. KGaA, EVATRAN GROUP, 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, ABB, Alfen N.V., Allego B.V., Siemens AG, Efacec, IONITY GmbH, Schneider Electric, SAMSUNG SDI CO.LTD., TGOOD Global Ltd., Automotive Energy Supply Corporation, Tritium Pty Ltd, and Mitsubishi Electric Corporation.
This market is a comprehensive rundown of significant information focusing on overall market components. It helps the new business as well as settled organizations to unequivocally mark as well as maintain their position in this market. This report thoroughly analyzes the Automotive industry that gives an admirable brief of its division. The report fuses a fundamental review of the market concerning its present status and the market size, with respect to its volume and income. The report likewise incorporates key market players, including acquisitions and mergers, collaboration, agreements, development ongoing at macro and micro-economic level.
Major Market Drivers:
- Growing demand for electric vehicles and availability of electric vehicles on the road is expected to drive the market growth
- Increase in usage of electric vehicles and distance travelled by these vehicles is also expected to drive the market growth
- High cost of infrastructure development from wired to wireless charging methods is expected to restrain the market growth
- Requirement of long routes for the implementation of dynamic wireless charging is also expected to act as a restraint to the market growth
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
- Company Landscape
- Company Profiles
- Related Reports
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Moreover, This Report helps to oversee this vast market as well adopt smart business techniques and strategies which eventually prompts development in this market. This market report evaluates the development rate and the market worth dependent on market elements and development prompting factors. Noteworthy industry patterns, estimations of market size and market share are broke down and talked about in this report. Competition investigation is a fundamental part of any market research report which spotlights on solid and powerful strategies of the contenders and furthermore examines their moves regarding product and market development.
By Installation Type- Aftermarket, Original Equipment Market
By Component- Base Charging Pad, Power Control Unit, Vehicle Charging Pad
By Power Supply Range- 3-11KW, 11-50KW, Less than 50KW
By Vehicle Type- Passenger Cars, Electric Commercial Vehicle, Electric Two Wheeler
By Geography- North America, Europe, Middle East & Africa, Asia-Pacific, Middle East & Africa, South America
Global wireless EV charging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wireless EV charging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report:
- Current and future of Global wireless EV charging market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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