Wireless EV charging market is projected to reach a market size of USD 7,094.8 million by 2025 from an estimated USD 953.9 million in 2020, growing at a CAGR of 49.38% from 2020 to 2025.
Study on Wireless EV Charging Market highlights key players such as Continental AG, Robert Bosch GmbH, Qualcomm, Inc., Toyota Motor Corporation, Bombardier Inc., WiTricity corporation, HellaKGaA Hueck & Co., Evatran Group, Toshiba Corporation, ZTE Corporation, ELIX Wireless, HEVO Power.
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The market growth is primarily driven by factors such as an increase in demand for electric vehicles due to government policies and subsidies favoring electric vehicle charging stations (EVCS) and technological advancements. The growing infrastructure of fast chargers for electric vehicles is another key driver for the wireless EV charging market.
The >50 kW power supply range is estimated to be the fastest growing segment of the wireless EV charging market during the forecast period.
The growth of this segment is driven by the huge incentives from the government for the installation of fast chargers and subsidies for the public charging infrastructure. The increasing demand for commercial electric vehicles is also contributing to the growth of the high power supply range.
Electric buses and electric trucks require a heavy power supply of more than 50 kW to charge their high capacity batteries.
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Key Points From Table Of Content:
6 Technological Overview
6.1.1 Technological Outlook of Wireless Charging System
6.1.2 Inductive Coupling
6.1.3 Magnetic Resonant Coupling
6.1.4 Magneto Dynamic Coupling
7 Wireless EV Charging Market, By Power Supply Range
7.2 3–<11 kW
7.3 11–50 kW
7.4 >50 kW
8 Wireless EV Charging Market, By Market Type
8.3 Oe Market
9 Wireless EV Charging Market, By Component
9.2 Base Charging Pad
9.3 Power Control Unit
9.4 Vehicle Charging Pad
10 Wireless EV Charging Market, By Charging Type
10.2 Dynamic Wireless Charging System
10.3 Stationary Wireless Charging System
11 Wireless EV Charging Market, By Vehicle Type
11.2 Battery Electric Vehicle
11.3 Plug-In Hybrid Electric Vehicle
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The report covers the wireless EV charging market by application (Home charging Unit and Public Charging Station), market (Aftermarket and OE Market), component (Base Charging Pad, Power Control Unit, and Vehicle Charging Pad), power supply range (3-<11 kW, 11-50 kW, and >50 kW), vehicle type, charging type, and region (Asia-Pacific, Europe, North America, and RoW).
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