Wireless Electric Vehicle Charging Systems Market to Reach $2.5 Billion by 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Wireless Electric Vehicle Charging Systems Market by Type (Dynamic, Static), Component (Base Pads, Vehicle Pads), Technology, Application, Vehicle Type (BEV, PHEV), Power Supply, End Use, Distribution Channel and Geography—Global Forecasts to 2030.’

The wireless electric vehicle charging systems market is projected to reach $2.5 billion by 2030 at a CAGR of 50.1% during the forecast period of 2023–2030. The growth of the wireless electric vehicle charging systems market is driven by the rising demand for electric vehicle fast-charging infrastructure for fleet operations globally, the increasing implementation of wireless charging infrastructure in European countries, and the increasing prevalence of range anxiety. However, the high cost of implementing wireless charging infrastructure restrains the growth of this market.

The standardization of wireless electric vehicle charging systems and the growing use of autonomous vehicles in public transport and logistics are expected to create opportunities for the growth of this market. However, insufficient funding is a challenge to the growth of the overall market.

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Scope of the report:

Wireless Electric Vehicle Charging Systems, by Type

·         Static

·         Dynamic

Wireless Electric Vehicle Charging Systems, by Component

·         Base Pads

·         Vehicle Pads

·         Power Control Units

·         Battery Management Systems

Wireless Electric Vehicle Charging Systems, by Technology

·         Resonant inductive Wireless Electric Vehicle Charging Systems

·         Permanent Magnet Gear Wireless Electric Vehicle Charging Systems

·         Capacitive Wireless Electric Vehicle Charging Systems

·         Inductive Wireless Electric Vehicle Charging Systems

Wireless Electric Vehicle Charging Systems, by Power Supply

·         Less Than 11 kW

·         More Than 50 kW

·         11 kW to 50 kW

Wireless Electric Vehicle Charging Systems, by End Use

·         Commercial Wireless Electric Vehicle (EV) Charging Systems

·         Residential Wireless Electric Vehicle (EV) Charging Systems

Wireless Electric Vehicle Charging Systems, by Vehicle Type

·         Battery Electric Vehicles

·         Plug-in Hybrid Electric Vehicles

Wireless Electric Vehicle Charging Systems, by Application

·         Light Commercial Vehicles

·         Heavy Commercial Vehicles

·         Passenger Vehicles

·         Electric Two-wheelers

Static Wireless Electric Vehicle Charging Systems, by Distribution Channel

·         Aftermarket

·         OEM

Wireless Electric Vehicle Charging Systems, by Geography

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    Sweden

o    UK

o    France

o    Norway

o    Italy

o    Spain

o    Switzerland

o    Netherlands

o    Denmark

o    Portugal

o    Rest of Europe

·         Asia-Pacific

o    China

o    South Korea

o    Japan

o    India

o    Australia

o    Singapore

o    Rest of Asia-Pacific

·         Latin America

o    Brazil

o    Mexico

o    Argentina

o    Rest of Latin America

·         Middle East & Africa

o    UAE

o    Israel

o    Saudi Arabia

o    South Africa

o    Rest of the Middle East & Africa

 

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The wireless electric vehicle charging systems market is segmented by type, component, technology, power supply, application, vehicle type, end use, distribution channel, and geography. The study also evaluates industry competitors and analyses the country and regional-level markets.

Based on type, the global wireless electric vehicle charging systems market is segmented into static and dynamic. In 2023, the static wireless electric vehicle charging systems segment is expected to account for the larger share of the global wireless electric vehicle charging systems market. The large market share of this segment is attributed to favorable initiatives to deploy static charging systems by market players and the convenience offered by wireless electric vehicle charging.

Based on component, the global wireless electric vehicle charging systems market is segmented into base pads, vehicle pads, power control units and battery management systems. In 2023, the base pads segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. The large market share of this segment is attributed to the growing deployment of static wireless charging stations and increasing pilot projects of wireless charging of electric vehicles. However, the vehicle pads segment is projected to record the highest CAGR during the forecast period.

Based on technology, the global wireless electric vehicle charging systems market is segmented into resonant inductive wireless electric vehicle charging systems, permanent magnet gear wireless electric vehicle charging systems, capacitive wireless electric vehicle charging systems, and inductive wireless electric vehicle charging systems. In 2023, the inductive wireless electric vehicle charging systems segment is expected to account for the largest share of the global wireless electric vehicle charging systems market.

The need to increase the driving range of EVs and increasing initiatives for inductive charging by key market players are contributing to the large market share of this segment. However, the capacitive wireless electric vehicle charging systems segment is projected to record the highest CAGR during the forecast period.

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Based on power supply, the global wireless electric vehicle charging systems market is segmented into less than 11 kW, more than 50 kW and 11 kW to 50 kW. In 2023, the 11 kW to 50 kW segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. This segment's large market share is attributed to the growing demand for public and private charging infrastructure and the increasing installation of wireless electric vehicle charging systems. However, the less than 11 kW segment is projected to record the highest CAGR during the forecast period.

Based on end use, the global wireless electric vehicle charging systems market is segmented into commercial wireless electric vehicle charging systems and residential wireless electric vehicle charging systems. In 2023, the commercial wireless electric vehicle charging systems segment is expected to account for the larger share of the global wireless electric vehicle charging systems market. This segment's large market share is attributed to government efforts to promote passenger EVs, growing electric buses and increasing commercial EV charging stations. However, the residential wireless electric vehicle charging systems segment is projected to record the highest CAGR during the forecast period.

Based on vehicle type, the global wireless electric vehicle charging systems market is segmented into battery electric vehicles and plug-in hybrid electric vehicles. In 2023, the battery electric vehicles segment is expected to account for the larger share of the global wireless electric vehicle charging systems market. This segment's large market share is attributed to the growing adoption of battery electric vehicles, increasing electric vehicle adoption by organizations and increasing pilot projects of wireless electric vehicle charging. However, the plug-in hybrid electric vehicles segment is projected to record the highest CAGR during the forecast period.

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Based on application, the global wireless electric vehicle charging systems market is segmented into light commercial vehicles, heavy commercial vehicles, passenger vehicles, and electric two-wheelers. In 2023, the passenger vehicles segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. This segment's large market share is attributed to the launch of EV car models and the initiatives by companies to retrofit systems into EVs. However, the electric two-wheelers segment is projected to record the highest CAGR during the forecast period.

Based on distribution channel, the global static wireless electric vehicle charging systems market is segmented into OEM and aftermarket. In 2023, the OEM segment is expected to account for the larger share of the global static wireless electric vehicle charging systems market. This segment's large market share is attributed to growing new EV models and companies’ initiatives to integrate wireless electric vehicle charging technology in EV models. However, the aftermarket segment is projected to record the highest CAGR during the forecast period.

Based on geography, the wireless electric vehicle charging systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Europe is expected to account for the largest share of the global wireless electric vehicle charging systems market. The large share of this market is attributed to the increasing number of wireless electric vehicle charging pilot projects throughout Europe, the increasing adoption of electric vehicles in Europe, and supportive government initiatives.

Key Players 

The key players operating in the global wireless electric vehicle charging systems market are Witricity Corporation (U.S.), Mojo Mobility Inc. (U.S.), HEVO Inc. (U.S.), WAVE, LLC (U.S.), Continental AG (Germany), DAIHEN Corporation (Japan), Toshiba Corporation (Japan), ZTE Corporation (China), ElectReon Wireless Ltd. (Israel), Conductix-Wampfler GmbH (Germany), Integrated Infrastructure Solutions GmbH (Germany), Plugless Power LLC (U.S.), TGOOD Global Ltd. (China), InductEV Inc. (U.S.) and Lumen Pty Ltd (Australia).

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Key Questions Answered in the Report:

·  Which are the high-growth market segments in terms of type, component, technology, power supply, application, vehicle type, end use, distribution channel and geography?

·  What is the historical market size for the wireless electric vehicle charging systems market across the globe?

·  What are the market forecasts and estimates for the period 2023–2030?

·  What are the major drivers, restraints, opportunities, and challenges in the global wireless electric vehicle charging systems market?

·  Who are the major players in the market, and what are their market shares?

·  How is the competitive landscape for the global wireless electric vehicle charging systems market?

·  What are the recent developments in the global wireless electric vehicle charging systems market?

·  What are the different strategies adopted by the major players in the market?

·  What are the key geographic trends, and which are the high-growth countries?

 

 

 

 

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