Market Snapshot:
Wireless EV charging is highly efficient, convenient and easy-to-use wireless charging technology for charging electric vehicles (EV). Wireless charging uses an electromagnetic field for the transmission of energy between two objects through electromagnetic induction. Then, energy is sent through an inductive coupling to an electrical device, which can use that energy to charge batteries or run the device. The wireless EV charging market is expected to witness a high growth owing to the increase in demand for electric vehicle, global warming across the globe and the need for efficient battery charging technologies
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Continental AG (Germany), Robert Bosch GmbH (Germany), Qualcomm, Inc. (United States), Toyota Motor Corporation (Japan), Bombardier Inc. (Canada), Witricity Corporation (United States), Hella KGaA Hueck & Co. (Germany), Evatran Group Inc. (United States), Toshiba Corporation (Japan) and ZTE Corporation (China) |
Segment Analysis
AMA Research have segmented the market of Global Wireless EV Charging market by Type, Application and Region. On the basis of Type, Commercial Charging Stations are dominating the market in the year 2021 where as Home Charging Stations stood as second largest market share.
On the basis of geography, the market of Wireless EV Charging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Inclination towards wireless charging system technology
Market Drivers
Increasing demand for electric vehicle worldwide and Rising demand for safety and convenience
Opportunities
Development of wireless charging systems for commercial electric vehicles
Restraints
- High cost of wireless charging technology
In addition to the aforementioned factor, Increasing demand for electric vehicle worldwide
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
On 29 Nov, 2018, Bosch and clever-tanken.de are putting an end to the tangle of recharging options. Clever Laden [‘clever charging’] gives drivers unrestricted access to charge spots
The key Vendors profiled in the study are Continental AG (Germany), Robert Bosch GmbH (Germany), Qualcomm, Inc. (United States), Toyota Motor Corporation (Japan), Bombardier Inc. (Canada), Witricity Corporation (United States), Hella KGaA Hueck & Co. (Germany), Evatran Group Inc. (United States), Toshiba Corporation (Japan) and ZTE Corporation (China). A lot of United States and German players are profiled in the research study indicating a strong market dependence.