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

Market Synopsis

The wireless electric vehicle charging is based on the principle of inductive coupling where energy is transferred through an inductive coupling to an electric device and this energy is used to charge batteries or use to run the device. This is usually done with the presence of a charging base station in which an induction coupling, or charger uses induction coil to generate an electromagnetic field to transfer energy between two objects through electromagnetic induction. But the energy transfer efficiency depends upon the air gap and coil alignment between the charging source and receiver. This gap varies from small to large passenger vehicles. For example, for small passenger vehicle the air gap varies from 150 to 300 mm.

The major advantage of this type of charging is that the electric vehicle battery gets charged while the vehicle is being driven. The wireless electric vehicle charging is a simple solution for charging electric vehicles and hybrid electric vehicles, which is ideally suited to stationary wireless charging and even opens the possibility of dynamic wireless charging due to the growing demand for charging while driving.

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

The high cost and energy loss during transmission are considered as the key restraining factors for the growth of this market. However, growing disposable income from countries such as China, India, Germany, and others, increasing demand for autonomous and semi-autonomous vehicles, growing industrialization, urbanization, and developing economies in emerging countries are providing ample opportunities for the expansion and growth of this market.

The global wireless EV charging market has seen an exponential growth during the study period. The rising production of electric vehicles globally drives the growth of wireless electric vehicle charging market. In addition, growing sales and government support for electric vehicles, stringent regulations from Europe and North America regarding vehicle emissions, and the impending implementation of the ban announced on ICE vehicles by various countries such as Germany, UK, US, China, and others are driving the growth of electric vehicle market, which in turn contributes to the growth of this market.

Competition amongst wireless electric vehicle charging manufacturers and government support to EVs has encouraged the manufacturers to design the system as per government regulations across different regions, which is considered as one of the key factors responsible for the growth of this market. The rising uses of lithium-ion battery in the electric vehicle is likely to drive the wireless ev charging market during the study period.

Wireless Electric Vehicle Charging Market Segmentation

The global wireless electric vehicle charging market is segmented on the basis of charging type, power supply range, charging pad, charging station, propulsion, vehicle type, application, and region. On the basis of charging type, the market has been segmented into dynamic and stationary wireless electric charging. On the basis of power supply range, the market has been segmented into 3 to <7.7 KW, 7.7 to < 11KW), 11to < 20KW, 20 to < 50 KW, 50 KW and above. Based on charging pad, the market has been segmented into base charging pad, power control unit and vehicle charging pad. On the basis of charging system, the market has been segmented into home, and commercial charging system. On the basis of propulsion type, the market has been segmented into battery and plug-in electric vehicle. On the basis of vehicle type, the market has been segmented into passenger EV, and commercial EV. On the basis of application, the market has been segmented into OEM and aftermarket.

Geographically, the global electric vehicle wireless charging market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific is estimated to hold the highest market share during the forecast period owing to growing production of electric vehicles from China and Japan. Moreover, increased production and sales of automobiles is expected to boost the demand for wireless electric vehicle charging market in this region. Furthermore, the growing disposable income from countries such as China, India and other countries, and increasing population, urbanization, and rising focus to reduce the vehicle emissions.

The prominent players in the global wireless electric vehicle charging industry include 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).

The report for global electric vehicle wireless charging market of market research future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

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