Market Overview:
The global wireless charging systems for electric vehicles market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric and hybrid electric vehicles across the globe. In addition, government initiatives towards promoting the use of electric and hybrid vehicles are also contributing to the growth of this market. The global wireless charging systems for electric vehicles market is segmented on the basis of type, application, and region. On the basis of type, it is divided into dynamic wireless charging systems and stationary wireless charging systems. Dynamic wireless charging systems are further classified into inductive coupling technology-based dynamic wireless chargers and resonant magnetic coupling technology-based dynamic wireless chargers. Stationary Wireless Charging Systems (SWCS) are further classified as conductive contactless power transfer (CCPT) SWCS or radio frequency (RF) SWCS based on their working principle respectively .On account of growing demand for green mobility solutions in automotive sector globally , CCPT SWCS would witness highest adoption rate over RF SWCS during forecast period .
Product Definition:
Wireless Charging Systems for Electric Vehicles are systems that allow electric vehicles to be charged without being plugged into an electrical outlet. These systems rely on electromagnetic induction to transfer energy from a power source to a vehicle. The importance of Wireless Charging Systems for Electric Vehicles is that they eliminate the need for plug-in charging, which can be inconvenient and time consuming.
Dynamic Wireless Charging Systems:
The global dynamic wireless charging systems market size was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for Electric Vehicles (EVs) has led to the growth of this industry owing to its ability to charge electric vehicles without plugging into an electrical outlet.
Stationary Wireless Charging Systems:
Stationary wireless charging systems are used in Wireless Charging Systems for Electric Vehicles market to charge the electric vehicles (EV) without plugging into a wall socket. The system uses electromagnetic fields and resonance to transfer energy from one device to another without using cables.
The technology is still at its nascent stage, with major challenges including power loss and high cost of devices that limit widespread adoption of the technology in EVs.
Application Insights:
Based on the application, the global wireless charging systems for electric vehicles market is segmented into electric vehicles and hybrid electric vehicles. The former is further divided into passenger cars and light commercial vehicles (LCVs). The growing number of public charging stations for Electric Vehicles (EVs) across the globe is expected to drive demand over the forecast period.
The stationary wireless chargers are majorly used in hotels, residential complexes, office buildings, shopping malls and other commercial places. These systems require less maintenance as compared to their counterparts that move with customers from one place to another. Moreover, these systems do not need any physical contact between transmitter and receiver units; they work through magnetic induction thus providing an effective way of parking space reservation or sharing among several users in a building at a same time without waiting for their turn individually using conventional wired connections.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing adoption of electric vehicles, which has led to an increased demand for wireless charging systems. Countries such as China and Japan are anticipated to contribute significantly towards regional growth owing to increasing sales of electric vehicles. Furthermore, countries such as South Korea have been working on developing their infrastructure for supporting widespread deployment of EV’s across the country, thereby driving industry growth in this region.
North America is projected to be one of the fastest-growing regions over the forecast period owing to rising investments by companies toward development and commercialization of EVs across U.S., Canada, Mexico among other Latin American countries that have adopted hybrid or all-electric cars in recent years (excluding Brazil).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will create a high demand for wireless charging systems, as they are an essential part of the infrastructure required to support these vehicles.
- Government initiatives and subsidies: Governments around the world are promoting the adoption of electric vehicles through various incentives and subsidies. This is expected to drive growth in the wireless charging systems market for electric vehicles in the coming years.
- Development of advanced technologies: Wireless charging technology is evolving rapidly, with new advancements being made every day. This is resulting in improved performance and reduced costs, which is likely to boost demand for these systems in the future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Charging Systems for Electric Vehicles Market Research Report
By Type
Dynamic Wireless Charging Systems, Stationary Wireless Charging Systems
By Application
Electric Vehicles, Hybrid Electric Vehicles
By Companies
Bosch, Witricity, Qualcomm, Energizer, Evatran, HEVO, Continental Automotive, Toyota Motor, Nissan, Conductix-Wampfler, Convenient Power, Leviton Manufacturing
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Charging Systems for Electric Vehicles Market Report Segments:
The global Wireless Charging Systems for Electric Vehicles market is segmented on the basis of:
Types
Dynamic Wireless Charging Systems, Stationary Wireless Charging Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Vehicles, Hybrid Electric Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Witricity
- Qualcomm
- Energizer
- Evatran
- HEVO
- Continental Automotive
- Toyota Motor
- Nissan
- Conductix-Wampfler
- Convenient Power
- Leviton Manufacturing
Highlights of The Wireless Charging Systems for Electric Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dynamic Wireless Charging Systems
- Stationary Wireless Charging Systems
- By Application:
- Electric Vehicles
- Hybrid Electric Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wireless Charging Systems for Electric Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wireless charging systems for electric vehicles are a way to charge an electric vehicle without having to plug it into a power outlet. The system uses induction coils to transfer energy from an external source, like a power line or solar panel, into the battery pack of the electric vehicle.
Some of the key players operating in the wireless charging systems for electric vehicles market are Bosch, Witricity, Qualcomm, Energizer, Evatran, HEVO, Continental Automotive, Toyota Motor, Nissan, Conductix-Wampfler, Convenient Power, Leviton Manufacturing.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wireless Charging Systems for Electric Vehicles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wireless Charging Systems for Electric Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wireless Charging Systems for Electric Vehicles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wireless Charging Systems for Electric Vehicles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wireless Charging Systems for Electric Vehicles Market Size & Forecast, 2020-2028
4.5.1 Wireless Charging Systems for Electric Vehicles Market Size and Y-o-Y Growth
4.5.2 Wireless Charging Systems for Electric Vehicles Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dynamic Wireless Charging Systems
5.2.2 Stationary Wireless Charging Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electric Vehicles
6.2.2 Hybrid Electric Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wireless Charging Systems for Electric Vehicles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wireless Charging Systems for Electric Vehicles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dynamic Wireless Charging Systems
9.6.2 Stationary Wireless Charging Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electric Vehicles
9.10.2 Hybrid Electric Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dynamic Wireless Charging Systems
10.6.2 Stationary Wireless Charging Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electric Vehicles
10.10.2 Hybrid Electric Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dynamic Wireless Charging Systems
11.6.2 Stationary Wireless Charging Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electric Vehicles
11.10.2 Hybrid Electric Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dynamic Wireless Charging Systems
12.6.2 Stationary Wireless Charging Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electric Vehicles
12.10.2 Hybrid Electric Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dynamic Wireless Charging Systems
13.6.2 Stationary Wireless Charging Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electric Vehicles
13.10.2 Hybrid Electric Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wireless Charging Systems for Electric Vehicles Market: Competitive Dashboard
14.2 Global Wireless Charging Systems for Electric Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Witricity
14.3.3 Qualcomm
14.3.4 Energizer
14.3.5 Evatran
14.3.6 HEVO
14.3.7 Continental Automotive
14.3.8 Toyota Motor
14.3.9 Nissan
14.3.10 Conductix-Wampfler
14.3.11 Convenient Power
14.3.12 Leviton Manufacturing
