Global Wireless EV charging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Wireless EV charging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global wireless EV charging market report has been segmented on the basis of component, propulsion type, charging station type, charging type, vehicle type, and region.
Global Wireless EV charging Market: Overview
Wireless EV charging also known as cordless charging for electrical vehicles, use electromagnetic field for transferring energy between two objects via electromagnetic induction.
Global Wireless EV charging Market: Dynamics
Increasing adoption of electrical vehicles among individuals as well as government organizations in order to reduce carbon emission is a major factor driving growth of the global wireless EV charging market. In addition, rising awareness among individuals regarding global warming and high oil prices are also factors supporting usage of electrical vehicles. Increasing demand for fast charging infrastructure in various countries is another factor fueling growth of the target market. Furthermore, preference for wireless technology and development of self-driving cars are factors expected to boost growth of the global wireless EV charging market over the forecast period.
However, high upgradation cost of wireless EV charging technology is a factor that may hamper growth of the global wireless EV charging market. Nevertheless, availability of wireless electric vehicle chargers for commercial vehicles in affordable cost can create high revenue opportunities for prominent players in the target market.
Global Wireless EV charging Market: Segment Analysis
Among the battery electric vehicle segments, the battery electric vehicle segment is expected to account for significant share in terms of revenue in the near future. Government supporting schemes for adoption of battery electric vehicle to reduce emission is a key factor supporting growth of battery electric vehicle segment in the global market.
Among the charging type segments, the dynamic wireless charging system segment is expected to register high growth in terms of revenue over the forecast period. Dynamic wireless charging system extends driving rage of electrical vehicle and reduces charging time. These are the factors expected to fuel growth of the target market in the upcoming years.
Global Wireless EV charging Market: Regional Analysis
Market in North America and Europe are expected to account for major share in terms of revenue over the forecast period. Government initiatives for adoption of electrical vehicles among individuals, coupled with presence of prominent players are factors driving growth of the target market in this region. In addition, high adoption of advanced technology among consumers is another factor anticipated to support growth of the wireless electronic vehicle charging market in North America.
Market in Asia Pacific is anticipated to register high growth in terms of revenue in the near future, followed by Latin America and Middle East & Africa. Growing automotive sector in countries in this region such as China and India is a key factor fueling growth of the target market in this region. Additionally, government subsidiaries provided for electrical vehicles to increase its usage, coupled with growing manufacturing plants for electrical vehicles are factors expected to propel growth of the wireless EV charging market in Asia Pacific.
Global Wireless EV charging Market Segmentation:
Segmentation by Component:
- Power Control Unit
- Vehicle Charging Pad
- Base Charging Pad
Segmentation by Propulsion Type:
- Plug-In Hybrid Electric Vehicle
- Battery Electric Vehicle
Segmentation by Charging Station Type:
- Home Charging Stations
- Commercial Charging Stations
Segmentation by Charging Type:
- Stationary Wireless Charging System
- Dynamic Wireless Charging System
Segmentation by Vehicle Type:
- Electric Commercial Vehicle
- Electric Two Wheeler
- Passenger Cars
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Robert Bosch GmbH
- Continental Aktiengesellschaft
- Toyota Motor Corporation
- QUALCOMM Incorporated
- Bombardier Inc.
- HELLA GmbH & Co. KGaA
- WiTricity Corporation
- Evatran Group, Inc.
- ZTE Corporation
- Toshiba Corporation
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