Wireless Electric Vehicle Charging Market Research Report – Global Forecast till 2027

Wireless Electric Vehicle Charging Market Research Report: Information by Charging Type (Dynamic and Stationary), Power Supply Range (3 to <7.7 KW, 7.7 to < 11KW, 11to < 20KW, 20 to < 50 KW, and 50 KW and above), Charging Pad, Charging System, Propulsion Type, Vehicle Type, Application, Region - Global Forecast till 2027

ID: MRFR/AM/5748-HCR | February 2021 | Region: Global | 135 pages

Wireless Electric Vehicle Charging Market Overview 


The wireless electric vehicle charging market is expected to show exceptional performance during the forecasted period by registering a CAGR of 48.82 %.


The concept of wireless electric vehicle charging is based upon the principle of inductive coupling, in which energy passes through an electric device and is used for charging batteries. For this method to function, there is a need for a charging base station where energy transfer can occur between two objects. The rise in demand for electric vehicles has contributed to the high demand for wireless electric vehicle charging solutions. In the future, the demand in the market is expected to rise owing to the high demand for electric vehicles and awareness of sustainable mobility solutions further. According to the International Energy Agency (IEA), in 2019, the sales of electric cars topped 2.1 million all across the globe. This trend could continue and increase the global market size of Wireless Electric Vehicle Charging during the forecasted period. 


Several market variables could increase the attractiveness of the wireless electric vehicle charging industry during the forecasted period, such as the surge in demand for electric vehicles and the adoption of improved technology to produce efficient electric vehicle charging solutions. A detailed analysis of the market has been conducted to determine its growth potential in the future. Various factors such as drivers, opportunities, challenges, and restraints that could impact the market growth have been identified and examined in the report. 


Covid 19 analysis


The Covid 19 pandemic has negatively affected the global wireless electric vehicle charging market by diminishing its demand and reducing the sales volume. Due to the decline in mobility the people have been spending less on wireless electric vehicle charging technologies. However, the global wireless electric vehicle charging industry is expected to recover during the forecasted period owing to eased restrictions by different national governments. 


Competitive Intensity in the Industry


The level of competition in the global market is extremely intense. As the demand for electric vehicles has surged in recent times, many players have entered the market landscape, increasing the competitive intensity. Some of the key market players that dominate in the market and influence the global market size have been listed below:



  • Plugless Power

  • Nission

  • Toshiba Corporation

  • WiTricity

  • Qualcomm, Inc.

  • ZTE Corporation

  • ELIX Wireless

  • HEVO Power

  • Continental AG 

  • BMW


The chief business players operating in the global market rely on innovative technologies to adapt to the dynamic and evolving market landscape.


Recent Market Developments



  • Companies operating in the global wireless electric vehicle charging market have been spending huge sums of money on research and development activities to boost the efficiency of the charging technology. 

  • Huge amounts are being invested by companies such as Plugless power to create contactless wireless charging facilities that can support automated and efficient electric vehicles.


Chief Variables existing in the market



  • Key market drivers 


The chief market drivers that could contribute to the future growth of the market are the high sales of electric vehicles, strict environmental regulations, and awareness of sustainable mobility solutions. 



  • Market challenges


Some of the major challenges in the market of wireless electric vehicle charging include changing the regulatory landscape and high competition. The evolving technological landscape has made it difficult for businesses to frequently upgrade their wireless electric vehicle charging solutions.



  • Opportunities in the global market


There is an opportunity for major market players to strengthen their research and development function to introduce more efficient and sustainable wireless electric vehicle charging technologies. The increase in demand for electric and autonomous vehicles could also create business opportunities in emerging economies. 



  • Restraints


The key restrains in the market include high costs relating to research and development activities and energy loss during transmission. Companies need to tackle these restraints to operate in the market effectively.


Cumulative Evaluation of the Market


The detailed market analysis has shed light on several market trends of wireless electric vehicle charging that exist in the market. Key trends include high demand for electric vehicles, integrating technology in charging solutions, and better awareness of electric vehicles. These elements have the potential to influence the market growth during the forecasted period.


Overview of the main market segments



  • By Charging Type


Based on the charging type, the global market can be segmented into dynamic wireless electric charging and stationary wireless electric charging. The dynamic wireless electric charging segment is likely to dominate the market due to increasing demand in the future. 



  • By Power Supply Range


The market can be fragmented into3 to 7.7. KW,7.7. to 11 KW,11 to 20 KW20 to 50 KW, and 50 KW and above segments. The performance of each of these segments is expected to influence the market size during the forecasted period.



  • By Charging station


The global market can be divided into a commercial charging station and a home charging station based on the charging station. The demand would influence the future performance of the market in both of these segments.



  • By Charging Pads


The global market can be divided into base charging pad, power control unit, and vehicle charging pad. The performance of the market at these segment levels is likely to influence its growth and profitability in the future.



  • By Propulsion


The global wireless electric vehicle charging industry can be segmented into battery and plug-in electric vehicles based on propulsion. The rising demand for lithium-ion batteries is expected to increase the demand for battery electric vehicles.



  • By Vehicle Type


The global market can be divided into electric passenger and commercial vehicles based on vehicle type. The demand in the passenger EV segment had been sluggish in the previous year due to the pandemic. However, the segment performance is expected due to major market trends such as ceased mobility restrictions and the high sales of electric passenger vehicles.



  • By Application 


Based on application, the market can be further segmented into OEM and aftermarket. The market segments are expected to play an influential role in shaping its growth potential during the forecasted period.


Regional Analysis


The global wireless electric vehicle charging industry can be divided into numerous geographical segments such as North America, Europe, the Asia Pacific, and the rest of the world. During the forecasted period, the Asia Pacific segment is expected to register the highest growth due to the high production of electric vehicles. Nations like China and Japan are expected to play a key role in expanding the region's market share. Factors like rising pollution, urbanization and high focus to curtain carbon emissions could also act as catalysts and accelerate the growth of the market in other regions. 


Report Overview


In the detailed global market of wireless electric vehicle charging report, a thorough analysis of the market environment has been carried out. The diverse range of variables that exist in the market and influence the performance of the key market players have been captured and examined. Some of the important strategic tools that have been used to conduct the in-depth market analysis are SWOT analysis and Porter's Five Force analysis. These tools have increased the richness of the study and helped determine the growth potential of the global market during the forecasted period. The vital market trends of wireless electric vehicle charging that have been captured in the report could influence the market's future performance and profitability. 


Key Industrial Segments


By Charging Type



  • Dynamic Wireless Electric Charging

  • Stationary Wireless Electric Charging 


By Power Supply Range



  • 3 to 7.7. KW

  • 7.7. to 11 KW

  • 11 to 20 KW

  • 20 to 50 KW

  • 50 KW and above


By charging station



  • Commercial charging station

  • Home charging station


By Charging Pads



  • Base Charging Pad

  • Power Control Unit

  • Vehicle Charging Pad


By Propulsion



  • Battery electric vehicle

  • Plug-in electric vehicle


By Vehicle Type



  • Passenger electric vehicle

  • Commercial electric vehicle


By Application 



  • OEM

  • Aftermarket



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 258.65 Million
  CAGR   48.82% CAGR (2020-2027)
  Base Year   2019
  Forecast Period    2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Charging Type, Power Supply Range, Charging Pad, Charging System, Propulsion Type, Vehicle Type, Application, Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Plugless Power (USA), WiTricity (USA), Nission (Japan), Qualcomm, Inc. (USA), ZTE Corporation (China), ELIX Wireless (Canada), HEVO power (USA), Continental AG (Germany), Toshiba Corporation (Japan), and BMW (Germany).
  Key Market Opportunities

  • Increasing demand for autonomous and semi-autonomous vehicles, growing industrialization, urbanization, and developing economies in emerging countries
  • Growing sales and government support for electric vehicles, stringent regulations
  •   Key Market Drivers

  • Swelling demand for dynamic electric vehicle charging (DEVC) technology
  • Growing long distance drive by electric vehicles, increasing demand for environment friendly vehicles, and emerging concern on safety in electric vehicles


  • Frequently Asked Questions (FAQ) :


    The key driving factors for the growth of this market are the swelling demand for dynamic electric vehicle charging (DEVC) technology, growing long distance drive by electric vehicles, increasing demand for environment friendly vehicles, and emerging concern on safety in electric vehicles.

    The market will be valuing in the highest rate of the market in the forecast period.

    WiTricity (USA), Plugless Power (USA), Nission (Japan) are the top 3 key players included in the study of global market.

    The Asia Pacific geographical segment is expected to register the highest growth during the forecasted period due to favorable market factors such as an increase in the production of electric vehicles in major Asian markets like Japan and China

    The propulsion, power supply range, vehicle type, charging type, charging station, charging pad, application are the segments included in the study of global market.