Wireless EV Charging Market Analysis by Size, Share, Opportunities, Revenue, Future Scope and Forecast 2029


Posted April 16, 2024 by pujammr

Wireless Electric Vehicle Charging (WEVC) is a sort of wireless charging technology for charging Electric Vehicles that is extremely efficient, convenient, and simple to use (EV).
 
Wireless EV Charging Market was valued at US$ 34.48 Mn. in 2022 and is expected to reach US$ 506.58 Mn. by 2029, at a CAGR of 46.8% during a forecast period.

Wireless EV Charging Market Report Overview

The analysis examines current and future conditions in the Wireless EV Charging Market, giving unique insights and up-to-date data across major segments. The report includes crucial research topics in the Wireless EV Charging market, including revenue generation, sales, and overall income. To offer a comprehensive perspective, the report covers two separate scenarios that cover the whole Wireless EV Charging market, including estimated Wireless EV Charging sales during the forecast period.

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Wireless EV Charging Market Report Scope and Research Methodology:

The primary purpose of the Wireless EV Charging market study is to provide a thorough analysis in clear and simple terms. The analysis covers all of the major companies and essential features of the Wireless EV Charging market, assessing numerous metrics such as volume, share, growth, and strategy. This research not only helps established organisations refine their operating plans, but it also provides strategic recommendations to new entrants. MMR’s research delves deeply into the Wireless EV Charging market, identifying the leading worldwide businesses based on parameters such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and potential Wireless EV Charging market entrants. Furthermore, the global research for the Wireless EV Charging market provides a detailed breakdown of regional share distribution, as well as an examination of development drivers in each area.

Market Dynamics:

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. According to the terms of the agreement, Nichicon will integrate Qualcomm Halo wireless electric vehicle charging (WEVC) technology into its product range and offer Qualcomm Halo WEVC wireless electric vehicle charging technology for hybrid and electric vehicles

Wireless EV Charging Market Segmentation:

by Vehicle Type
• Commercial Vehicle
• Passenger Car

by Power Supply Range
• 3–50 kW

by Charging System
• Magnetic Power Transfer
• Capacitive Power Transfer
• Inductive Power Transfer

Based on propulsion, the BEV segment had the biggest market share in 2022. 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 Regional Insights:

The Asia Pacific region held largest market share of xx% in 2022. The increasing penetration of the electronic vehicle in the developed country are likely to boost the demand of wireless charging system. Increasing R&D investment, coupled with an increasing number of partnerships and joint ventures between major original equipment manufacturers and domestic companies, has created growth opportunities for wireless charging system manufacturers in the Asia-Pacific region. In addition, the region includes emerging economies such as China and India, as well as developed countries such as Japan, and is the largest auto market. Therefore, technological advancement has prompted major original equipment manufacturers to add advanced and convenient features to their electric vehicles, such as wireless charging systems.

Wireless EV Charging Market Key Players:

• Robert Bosch GmbH
• Continental AG
• Toyota Motor Corporation
• Electroad
• Toshiba Corporation
• Lg Chem Ltd
• Witricity Corporation
• Wave
• Qualcomm, Inc.
• Bombardier Inc.
• Aerovironment Inc.
• Hella KGaA Hueck & Co.
• Evatran Group Inc.
• Mojo Mobility Inc.
• ZTE Corporation
• Elix Wireless
• Momentum Dynamics Corporation.
• HEVO Power
• Olev Technologies

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Table of Content: Wireless EV Charging Market

Part 01: Executive Summary

Part 02: Scope of the Wireless EV Charging Market Report

Part 03: Wireless EV Charging Market Landscape

Part 04: Wireless EV Charging Market Sizing

Part 05: 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

Key Offerings:

Past Market Size and Competitive Landscape (2023-2029)
Past Pricing and price curve by region (2023-2029)
Market Size, Share, Size Forecast by different segment | 2024-2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segments and their sub-segments
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
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Issued By Puja
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Categories Electronics
Tags wireless ev charging market , wireless ev charging market size , wireless ev charging market growth
Last Updated April 16, 2024