Wireless Electric Vehicle Charging Systems Market Set to Surge to $2.5 Billion by 2030 at a Remarkable 50.1% CAGR

 

Redding, California, Sup. 06, 2023 - The global Wireless Electric Vehicle (EV) Charging Systems Market is on an impressive growth trajectory, with a projected valuation of $2.5 billion by 2030, demonstrating a remarkable CAGR of 50.1% during the forecast period. This extraordinary growth is primarily driven by the increasing demand for electric vehicle fast-charging infrastructure, particularly in fleet operations, the rapid implementation of wireless charging infrastructure in Europe, and the growing prevalence of range anxiety among electric vehicle users. However, challenges such as the high cost of wireless charging infrastructure and insufficient funding are expected to temper market expansion.

The standardization of wireless electric vehicle charging systems and the rising adoption of autonomous vehicles in public transport and logistics offer substantial growth prospects for market vendors. These factors, coupled with the industry's commitment to developing sustainable and eco-friendly transportation solutions, are paving the way for a revolution in electric mobility.

Top 10 Companies Leading the Wireless Electric Vehicle Charging Systems Market: https://meticulousblog.org/top-10-companies-in-wireless-electric-vehicle-ev-charging-systems-market/

 

1.     ElectReon Wireless Ltd.: Based in Beit Yanai, Israel, ElectReon is at the forefront of developing Wireless Electric Road Systems (ERS). The company's innovative technology aims to electrify transportation and reduce reliance on fossil fuels. ElectReon offers Charging-as-a-service for fleet operators and municipalities.

2.     WiTricity Corporation: Headquartered in Massachusetts, USA, WiTricity specializes in wireless charging for electric vehicles. The company's expertise in wireless electricity and magnetic resonance technology has established its presence across Europe, the USA, China, Japan, and South Korea.

3.     HEVO Inc.: Located in New York, USA, HEVO Inc. provides wireless charging solutions for electric vehicles, emphasizing advanced charging technologies. The company's solution includes an app, cloud synchronization, power stations, and wireless receivers.

4.     WAVE, LLC: Situated in Utah, USA, WAVE, LLC focuses on wireless power transfer technology for electric buses. Their wireless charging systems with up to 250 kW capacity cater to buses on various routes across the United States.

5.     Plugless Power LLC: Operating from Texas, USA, Plugless Power is a pioneer in inductive charging technology, offering hands-free proximity charging for electric vehicles. The company has delivered over a million wireless charging hours for EVs.

6.     InductEV Inc.: Based in Pennsylvania, USA, InductEV is a leader in developing wireless power charging technology for electric vehicles. Their magnetic induction system enables automatic charging under all weather conditions.

7.     Continental AG: Founded in Germany in 1871, Continental AG offers AllCharge charging systems and automated wireless charging solutions for electric vehicles.

8.     DAIHEN Corporation: A Japanese company established in 1919, DAIHEN specializes in electric and electronic manufacturing, including wireless power transmission systems.

9.     Toshiba Corporation: A global manufacturer founded in 1875, Toshiba offers contactless battery chargers using wireless power transmission for EVs and PHEVs.

10. Lumen Pty Ltd: Operating from Australia, Lumen Pty Ltd specializes in automotive products. Lumen Freedom, a member of the Lumen Group, has developed a globally certified 11 kW Wireless Electric Vehicle Charging system capable of charging moving vehicles.

Top 10 Companies Charting the Course in the Wireless Electric Vehicle Charging Systems Market: https://meticulousblog.org/top-10-companies-in-wireless-electric-vehicle-ev-charging-systems-market/

The Wireless Electric Vehicle Charging Systems Market is poised for extraordinary growth, with innovative companies and cutting-edge technologies driving the shift toward sustainable transportation. To delve deeper into the market and gain a comprehensive understanding of these companies, their financial performance, key products, strategies, partnerships, and acquisitions, consult Meticulous Research®’s authoritative report, "Wireless Electric Vehicle Charging Systems Market – Global Opportunity Analysis and Industry Forecast (2023-2030)."

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