Wireless EV Charging Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2030

Published: 2024-07-15
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Author: Pujammr
Published in: Business

Wireless EV Charging Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2030

Wireless EV Charging Market Growth or Demand Increase or Decrease for what contains ?

The Wireless EV Charging Market is experiencing significant growth. The market was valued at US$ 50.61 million in 2023 and is expected to reach US$ 743.66 million by 2030, indicating a substantial increase in demand.

Electric vehicles have various advantages, including lower fuel usage (gasoline, diesel, and natural gas) and lower exhaust pollutants, which drive up global demand. The demand for wireless charging is likely to increase during the forecast period as electric or plug-in hybrid vehicles are introduced. The wireless electric car charging industry is pursuing a variety of strategic activities, including product development and collaboration, to expand its product portfolio and global footprint. Nichicon and Qualcomm, for example, signed a strategic collaboration agreement.

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Wireless EV Charging Market CAGR Estimation:

The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 46.8% during the forecast period from 2024 to 2030.

Wireless EV Charging Market Overview:

The Maximise Market Research research gives clients a thorough overview of the competitive landscape and serves as a valuable resource for strategic planning. The thorough Wireless EV Charging Market overview contains detailed information on market size, trade statistics, key players, and a variety of industry indicators such as the life cycle and current trends.

Wireless EV Charging Market Segmentation:

By Application:
- Public/Commercial Charging Station
- Home Charging Unit
By Component:
- Base Charging Pad
- Power Control Unit
- Vehicle Charging Pad
By Charging Type:
- Dynamic Wireless Charging System
- Stationary Wireless Charging System

Stationary Wireless Charging System had the biggest market share (xx%) in 2023. The stationary wireless charging solution is simple to use, secure, and reliable. Drivers can charge their cars using any wireless charging equipment, making this technology compatible. Vehicles can also be wirelessly charged in parking lots and public areas. The proliferation of stationary wireless charging devices has eased the creation of charging networks for electric vehicles. Many businesses have installed stationary wireless charging stations.

By Distribution Channel:
- Aftermarket
- OE Market

Based on propulsion, the BEV sector had the biggest market share in 2023. Wireless charging is now available in BEV vehicles from Tesla, BMW, and Nissan, including the Tesla Model S, BMW i3, and Nissan Leaf. Because of stringent government regulations aimed at curbing rising emissions, OEMs are focusing on BEVs. The total market is expected to be driven by increased BEV sales and government incentives.

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Wireless EV Charging Market Growth or Demand in which regions??

Asia Pacific:
- The Asia Pacific region held the largest market share in 2023. Factors driving growth include increasing penetration of electric vehicles in developed countries, rising R&D investments, and numerous partnerships and joint ventures between major OEMs and domestic companies. The region's emerging economies, such as China and India, and developed countries, like Japan, are significant contributors.
North America:
- Growing adoption of electric vehicles and infrastructure development for wireless EV charging is driving demand in this region.
Europe:
- Stringent emission regulations and supportive government policies are enhancing the demand for wireless EV charging solutions.

Wireless EV Charging Market Scope Methodology:

The Wireless EV Charging market is competitive in terms of technical adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive analysis of the Wireless EV Charging Market’s drivers, limitations, opportunities, and problems. The Wireless EV Charging market estimates and growth rates were obtained using a bottom-up methodology.

To obtain insight into Wireless EV Charging Market penetration, pricing dynamics, demand analysis, and competitive landscape, the study did regional analysis at the local, regional, and worldwide levels. Essential information about the Wireless EV Charging Market, including players, investors, and new entrants, is provided to help with the creation of marketing strategies and investment plans.

The Wireless EV Charging Market was investigated using both primary and secondary data collection techniques. Primary methods included surveys, questionnaires, and interviews with industry executives and business owners, while secondary data sources included news announcements, annual and financial reports, white papers, and so on. The SWOT analysis was used to identify market vulnerabilities and weaknesses, and the PORTER framework was used to assess industry competitiveness in the energy-efficient lighting market.

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Wireless EV Charging Market Key Players:

1. Robert Bosch GmbH
2. Continental AG
3. Toyota Motor Corporation
4. Electroad
5. Toshiba Corporation
6. Lg Chem Ltd
7. Witricity Corporation
8. Wave
9. Qualcomm, Inc.
10. Bombardier Inc.
11. Aerovironment Inc.
12. Hella KGaA Hueck & Co.
13. Evatran Group Inc.
14. Mojo Mobility Inc.
15. ZTE Corporation
16. Elix Wireless
17. Momentum Dynamics Corporation.
18. HEVO Power
19. Olev Technologies

Table of Content: Wireless EV Charging Market

Part 01: Executive Summary

Part 02: Scope of the Wireless EV Charging Market Report

Part 03: Global Wireless EV Charging Market Landscape

Part 04: Global Wireless EV Charging Market Sizing

Part 05: Global Wireless EV Charging Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For more insights and a detailed analysis, read the full report: https://www.maximizemarketresearch.com/market-report/wireless-ev-charging-market/3025/

Key questions answered in the Wireless EV Charging Market are:

What is Wireless EV Charging Market?
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 are the factors restraining the growth of the Wireless EV Charging Market?
What is the demand pattern of the Wireless EV Charging Market?
What major challenges could the Wireless EV Charging Market face in the future?

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size Forecast by different segment |
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

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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