Wireless EV Charging Market Growth or Demand Increase or Decrease for what contains ?
The Wireless EV Charging market is experiencing significant growth, with a forecasted CAGR of 46.8% from 2024 to 2030. This growth is driven by increasing adoption of electric vehicles (EVs), advancements in wireless charging technology, and rising investments in charging infrastructure worldwide.
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.
Wireless EV Charging Market CAGR Estimation:
Wireless EV Charging Market was valued at US$ 50.61 Mn. in 2023 and is expected to reach US$ 743.66 Mn. by 2030, at a CAGR of 46.8% during a forecast period.
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Wireless EV Charging Market Segmentation:
- Application: The market is segmented into Public/Commercial Charging Stations and Home Charging Units.
- Component: Includes Base Charging Pads, Power Control Units, and Vehicle Charging Pads.
- Charging Type: Divided into Dynamic Wireless Charging Systems and Stationary Wireless Charging Systems.
- Distribution Channel: Covers Aftermarket and OE Market.
- Propulsion: Segmented into Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV).
- Vehicle Type: Includes Commercial Vehicles and Passenger Cars.
- Power Supply Range: Categorized by charging capabilities ranging from 3 kW to over 50 kW.
- Charging System: Technologies such as Magnetic Power Transfer, Capacitive Power Transfer, and Inductive Power Transfer.
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Wireless EV Charging Market Overview:
The Maximise Market Research report helps clients acquire a full grasp of the competitive landscape and serves as an invaluable resource for strategic planning. The thorough Wireless EV Charging Market overview provides extensive information on market size, trade statistics, key players, and a variety of industry indicators, including the life cycle, current trends, and more.
Wireless EV Charging Market Growth or Demand in which regions??
- Asia Pacific: Held the largest market share in 2023, driven by high EV penetration in countries like China, Japan, and South Korea, coupled with significant investments in R&D and partnerships.
- North America: Shows strong growth potential, supported by increasing government initiatives and consumer demand for sustainable transportation solutions.
- Europe: Leading in technological advancements and stringent emissions regulations, fostering demand for wireless EV charging solutions.
- Middle East & Africa, South America: Emerging markets with increasing adoption of electric vehicles, contributing to market expansion.
Wireless EV Charging Market Scope & Methodology:
The competitive landscape of the Wireless EV Charging market includes factors such as technological adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive analysis examines the Wireless EV Charging Market’s drivers, constraints, opportunities, and problems. The analysis used a bottom-up approach to calculate Wireless EV Charging market estimates and growth rates.
To obtain insight into Wireless EV Charging Market penetration, price dynamics, demand analysis, and competitive landscape, the report conducted regional analysis at the local, regional, and worldwide levels. Essential information about the Wireless EV Charging Market, including stakeholders, investors, and new entrants, is provided to help with the development of marketing strategy and investment plans.
The Wireless EV Charging Market was analysed using both primary and secondary data collection methodologies. Primary methods included surveys, questionnaires, and interviews with industry executives and business owners, whilst secondary data included sources such as press releases, annual and financial reports, white papers, and so on. SWOT analysis was used to identify market vulnerabilities and weaknesses, and the PORTER framework was used to assess industry competitiveness in the Wireless EV Charging market.
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Wireless EV Charging Market Key Players:
1. Robert Bosch GmbH
2. Continental AG
3. Toyota Motor Corporation
4. Electroad
5. Toshiba Corporation
6. Lg Chem Ltd
7. Witricity Corporation
8. Wave
9. Qualcomm, Inc.
10. Bombardier Inc.
11. Aerovironment Inc.
12. Hella KGaA Hueck & Co.
13. Evatran Group Inc.
14. Mojo Mobility Inc.
15. ZTE Corporation
16. Elix Wireless
17. Momentum Dynamics Corporation.
18. HEVO Power
19. Olev Technologies
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Key questions answered in the Wireless EV Charging Market are:
- What is Wireless EV Charging Market?
- 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 are the factors restraining the growth of the Wireless EV Charging Market?
- What is the demand pattern of the Wireless EV Charging Market?
- What major challenges could the Wireless EV Charging Market face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment |
- 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
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