Wireless electric vehicle charging is a technological advancement in electric vehicle infrastructure that allows electric vehicles to charge wirelessly through inductive power transfer between charging pads installed on the ground and receivers installed in the vehicle without any physical connection. Wireless charging eliminates the need for plug-in charging and enables seamless charging experience for users. The growing demand for convenience in electric vehicle charging and the infrastructure development by various governments and automakers is accelerating the adoption of wireless electric vehicle charging technology.
Market key trends:
The widespread development of wireless charging infrastructure across highways, streets, parking lots by various governments and automakers is one of the major trends bolstering the growth of the wireless electric vehicle charging market. For instance, BMW group has partnered with various states in Germany and cities in China to install wireless charging roads and integrate charging technology in new models. Similarly, Toyota, Nissan and General Motors are partnering with EV charging companies to develop standardized wireless charging systems for integration in future electric vehicles. The development of automated and dynamic wireless charging systems that can charge electric vehicles even while in motion is another emerging trend in the market. Standardization in wireless charging technologies for wide scale commercialization and interoperability is also propelling the wireless electric vehicle charging market growth.
Segment Analysis
The global Wireless Electric Vehicle Charging market is segmented into four sub-segments- Dynamic Wireless Charging System, Stationary Wireless Charging System, Aftermarket System, and Integrated System. Among these, the Stationary Wireless Charging System segment holds the dominant market share currently owing to the availability of advanced technology in static charging infrastructure and charging efficiency.
Key Takeaways
Global Wireless Electric Vehicle Charging Market Size is expected to witness high growth owing to rising demand for electric vehicles and the need for efficient charging infrastructure.
Regional analysis: North America currently dominates the global market due to supportive government policies promoting clean mobility and investments being made by key players in the region for the development of wireless EV charging technology. Asia Pacific is expected to be the fastest growing regional market between 2023-2030 with China and Japan emerging as major markets in the region. This can be attributed to the growing sales of EVs and investments in R&D activities by OEMs based in these countries.
Key players operating in the Wireless Electric Vehicle Charging market are Naïo Technologies, Dahlia Robotics GmbH, Ecorobotix, Carbon Robotics, Vision Robotics Corporation, Harvest Automation, Soft Robotics Inc, Abundant Robotics, Bosch Deepfield Robotics, Energreen, Saga Robotics, Blue River Technology, VitiBot, Aigen. Leading players are focusing on partnerships, product innovation and geographic expansion to strengthen their market presence. For instance, Naïo Technologies recently partnered with Eaton to develop wireless EV charging solutions for commercial vehicle fleets in North America.
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