Wireless EV Charging Market Overview
The Wireless EV Charging Market is undergoing significant changes, driven by technological advancements and shifting consumer preferences. As businesses navigate this ever-changing landscape, our comprehensive overview serves as a valuable resource to facilitate informed decisions and capitalize on emerging opportunities.
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Market Value:
Wireless EV Charging Market size was valued at US$ 14.99 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 88.4% through 2023 to 2029, reaching nearly US$ 1263.45 Mn.
Wireless EV Charging Market Report Scope and Research Methodology
The Wireless EV Charging market report provides a comprehensive estimation of market sizes and segments, considering qualitative and quantitative aspects. We delve into the drivers, challenges, and investment opportunities that empower stakeholders with valuable insights. By analyzing major companies' competitiveness, products, and regional markets, our report aims to foster higher growth in the Wireless EV Charging market, utilizing primary and secondary research.
Dynamics of the wireless EV charging market:
roads with electricity that automatically charge the vehicle
As concerns about lowering carbon emissions and easing fuel shortages have grown, so has the use of EVs. Conversely, EVs need to have their batteries replenished if they run out of power. Locating charging stations nearby might be difficult, particularly if you live in a rural area. There are currently plenty of charging stations in parking lots and malls around cities. These days, all public transport and schools run on electricity. In Korea, buses on campuses are capable of self-charging and continuous powering, which reduces the amount of batteries they need, which are around one-third the size of those in standard electric cars. Additional methods involve charging the vehicle at bus stops and along specific sections of a designated
Wireless EV Charging Market Segmentation
by Application
Commercial Charging Station
Home Charging Unit
by Component
Base Charging Pad
Power Control Unit
Vehicle Charging Pad
by Power Supply
Range 3–<11 kW
11–50 kW
>50 kW
The market is divided into three segments based on Power Supply Range: 3–<11 Kw, 11–50 kW, and >50 kW. By 2029, the sector with power supply ranges of 3–<11 Kw is anticipated to have the biggest market share, or xx%. Wireless charging systems with a capacity of 3–11 kW are used for small and mid-sized battery-powered electric vehicles. At this power level, the wireless charging system may be made to be lightweight and small enough to fit anyplace. It is therefore great for charging at home and at work. A 3.3 kW wireless charger for the Nissan Leaf and Chevrolet Volt has been released by Plugless Power Inc.
by Propulsion Type
BEV
PHEV
Wireless charging solutions are employed more frequently in BEVs than in PHEVs, depending on the kind of propulsion. In BEVs, the battery is the only power source, thus it needs to be charged frequently. Garages, public areas, retail centres, and businesses can all have wireless charging stations installed. Growing investments in battery electric vehicle (BEV) wireless charging technology by nations like Germany, Sweden, the US, and Italy, among others, are anticipated to generate favourable opportunities for the BEV segment in the wireless charging market for electric vehicles over the course of the forecast period. Popular BEVs including the Nissan Leaf, Tesla Model S, and Jaguar I-Pace can all be charged wirelessly.
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Wireless EV Charging Market Key Players
1. Robert Bosch GmbH
2. Continental AG
3. WiTricity Corporation
4. ZTE Corporation
5. HELLA KGaA Hueck & Co.
6. Toyota Motor Corporation
7. Toshiba Corporation
8. Qualcomm, Inc.
9. Evatran Group
10. Powermat Technologies Ltd.
11. PowerbyProxi Limited
12. Energids Corp.
13. WiBotic Inc.
14. PowerSquare Inc.
15. Aircharge
16. Tecnomen Corporation
17. Steca Elektronik GmbH
18. Lumen Australia
19. ECOtality
20. Momentum Dynamics
21. ZENS
22. Freewire Technologies
23. CIRCONTROL
24. Swiftmile
Wireless EV Charging Market Regional Insights
The report offers a comprehensive analysis, covering all factors such as market size, growth rate, and import-export activities across diverse regions. Through regional analysis, we provide a detailed examination of the current status of the Wireless EV Charging market in various
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Key questions answered in the Wireless EV Charging Market are:
- What is Wireless EV Charging?
- What was the Wireless EV Charging market size in 2022?
- What is the growth rate of the Wireless EV Charging Market?
- Which are the factors expected to drive the Wireless EV Charging market growth?
- What are the different segments of the Wireless EV Charging Market?
- What growth strategies are the players considering to increase their presence in Wireless EV Charging?
- What are the upcoming industry applications and trends for the Wireless EV Charging Market?
- What major challenges could the Wireless EV Charging Market face in the future?
- What segments are covered in the Wireless EV Charging Market?
- Who are the leading companies and what are their portfolios in Wireless EV Charging Market?
- What segments are covered in the Wireless EV Charging Market?
- Who are the key players in the Wireless EV Charging market?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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