North America Wireless EV Charging Market is expected to grow at a CAGR of 36.5% during the forecast period. North America Wireless EV Charging Market is expected to reach US$ 89.48 Bn. by 2026.
North America Wireless EV Charging Market Overview:
Wireless Electric Vehicle Charging is highly efficient, convenient as well as easy-to-use charging technology for Electric Vehicles (EV). Drivers of electric vehicles lie in parking and charging without the need for extra plug-in cables or adaptors. The technology for electric vehicles has been developed and advanced over many years. In the automotive industry, this technology uses resonant magnetic induction for transferring energy wirelessly, from a pad in ground-based to another pad integrated into the vehicle. Wireless charging is an easy sellable item for the luxury car market making it more convenient, more futuristic both in terms of design and service.
The North America Wireless EV Charging Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the North America Wireless EV Charging Market , as well as the reasons for variations in the industry's growth between regions.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
Segmentation:
By component, the market comprises of the base charging pad, a power control unit, and vehicle charging pad. The power control unit is the largest segment on the basis of a component that can be attributed to its high utilities and application across home stations as well as public charging stations. Considering the power supply range segment, the market comprises of 3–11 kW, 11–50 kW and 50 kW. The 3–11 kW held the largest segment due to its high usage in the home stations with the 50 kW growing at the fastest rate. The battery electric vehicles and plug-in hybrid electric vehicles are various vehicle type on the basis of which the market is segmented.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the North America Wireless EV Charging Market are as follows:
• Robert Bosch GmbH
• Qualcomm, Inc.
• Witricity Corporation
• Bombardier Inc.
• Aerovironment Inc.
• Mojo Mobility Inc.
• ZTE Corporation
• HEVO Power
• Momentum Dynamics Corporation.
• Elix Wireless
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the North America Wireless EV Charging Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on North America Wireless EV Charging Market :
Due to a break in operations, end-user sectors where North America Wireless EV Charging Market are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for North America Wireless EV Charging Market manufacturers, impacting the growth of the North America Wireless EV Charging Market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for North America Wireless EV Charging Market .
Key Questions Answered in the North America Wireless EV Charging Market Report are:
- In 2021, which segment owned the greatest share of the North America Wireless EV Charging Market ?
- What is the competitive landscape of the North America Wireless EV Charging Market ?
- What are the key factors influencing North America Wireless EV Charging Market growth?
- In the North America Wireless EV Charging Market , which region has the most market share?
- What will be the CAGR of the North America Wireless EV Charging Market over the forecast period (2022-2027)?
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