Wireless EV Charging Market Overview
The study examines the global Wireless EV Charging market in depth, precisely, and thoroughly, with an emphasis on market dynamics, market competition, regional growth, segmental analysis, and important growth plans. The study includes data on market growth as well as market segmentation by region, product type, application, and industry end-use. Using the most recent Wireless EV Charging Market research techniques and technology, experts give precise and exact marketing research reports. This analysis thoroughly examines the Wireless EV Charging market size and share, as well as a wide number of industrial verticals.
Analyzing the Market for Wireless EV Charging and Its Growth:
The 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.
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Wireless EV Charging Market Scope and Methodology:
The comprehensive report on the Wireless EV Charging market offers an extensive review, providing clients with valuable insights to identify opportunities and formulate effective market strategies. Through a blend of primary and secondary data sources, the study collected qualitative and quantitative information. Industry experts were interviewed to gain in-depth insights, and secondary sources such as press releases and financial reports were also consulted.
The report emphasizes drivers, challenges, major restraints, and opportunities influencing the Wireless EV Charging market. Utilizing a bottom-up approach, the market size was determined with segmentation based, enabling analysis of various factors impacting growth. Additionally, emerging regions with potential were identified. SWOT and PESTLE analyses assessed the market's strengths, weaknesses, and potential microeconomic impacts, providing valuable insights into market dynamics and future prospects.
Wireless EV Charging Market Dynnamics:
Electric vehicles have various advantages, including lower fuel consumption (gasoline, diesel, and natural gas) and lower exhaust pollutants, which increases their global demand dramatically. During the projected period, electric or plug-in hybrid vehicles are likely to drive up demand for wireless charging. The wireless electric car charging industry is expanding its product portfolio and global footprint through various strategic efforts such as product development and partnership. Nichicon and Qualcomm, for example, have formed a strategic alliance. Nichicon will include Qualcomm Halo wireless electric vehicle charging (WEVC) technology into its product range and will focus on marketing Qualcomm Halo WEVC wireless electric vehicle charging technology for hybrid and electric vehicles, according to the conditions of the agreement.
Market Segment Distribution:
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 of xx% in 2022, according to Charging Type. The stationary wireless charging solution is simple, secure, and reliable. This technology is compatible since drivers may charge their vehicles with any wireless charging equipment. Wireless charging is also possible in parking lots and public areas. The proliferation of stationary wireless charging devices has eased the creation of electric vehicle charging networks. Many businesses have installed stationary wireless charging stations.
by Distribution Channel
• Aftermarket
• OE Market
In terms of propulsion, the BEV segment held the biggest market share in 2022. Wireless charging is currently available in Tesla, BMW, and Nissan BEV vehicles, including the Tesla Model S, BMW i3, and Nissan Leaf. OEMs are focusing on BEVs due to stringent government regulations aimed at curbing rising emissions. Rising BEV sales and government backing are expected to drive the total market.
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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
Wireless EV Charging Market Regional Insights
The Wireless EV Charging market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Wireless EV Charging market status of various countries included in the report.
Key questions answered in the Wireless EV Charging Market are:
- What is Wireless EV Charging?
- What was the Wireless EV Charging market size in 2024?
- 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 growth strategies are the players considering to increase their presence in Wireless EV Charging?
- What are the upcoming industry applications and trends for the Wireless EV Charging Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Wireless EV Charging Market?
- What major challenges could the Wireless EV Charging Market face in the future?
- What segments are covered in the Wireless EV Charging Market?
- Who are the leading companies and what are their portfolios in Wireless EV Charging Market?
- What segments are covered in the Wireless EV Charging Market?
- Who are the key players in the Wireless EV Charging market?
Go to the summary of the study report to find out more about the market analysis: https://www.maximizemarketresearch.com/request-sample/3025
Key Offerings:
- Past Market Size and Competitive Landscape (2019 to 2023)
- Past Pricing and price curve by region (2019 to 2023)
- 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 segment with their sub-segments and Region
- 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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