Market Overview:
The global wireless electric vehicle charging 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 vehicles and plug-in hybrid electric vehicles across the globe. Additionally, government initiatives towards promoting the adoption of electric vehicles are also fueling the growth of this market. The global wireless electric vehicle charging market can be segmented on the basis of type and application. On the basis of type, it can be divided into stationary wireless electric vehicle charging and dynamic wireless electric vehicle charging. Stationary wireless Electric Vehicle Charging (WEC) is used for slow or overnight charging in a fixed location, whereas Dynamic WEC offers high-power delivery over short distances using induction technology between two coils embedded in either end of a roadway or trackway surface. On the basis of application, it can be classified into EVs (electric vehicles) and PHEVs (plug-in hybrid Electric Vehicles). Regionally, North America dominates this market followed by Europe and Asia Pacific respectively.
Product Definition:
Wireless Electric Vehicle Charging is the process of transferring electricity to a vehicle wirelessly, usually through induction. Wireless Electric Vehicle Charging is important because it eliminates the need for plugs and cords, making it easier to charge vehicles.
Stationary Wireless Electric Vehicle Charging:
Stationary wireless electric vehicle charging is a new technology that enables EV owners to charge their vehicles at commercial parking spaces and private homes. The system comprises an electromagnetic field generator, a coil placed under the pavement, and an induction plate or a pad mounted on the roof of the car.
The induced current from the magnetic field travels through the copper wire embedded in concrete to charge battery in EVs.
Dynamic Wireless Electric Vehicle Charging:
Dynamic wireless electric vehicle charging is a new technology that enables drivers to charge their electric vehicles without plugging into an electrical outlet. The system works on the basis of electromagnetic induction and charges the battery by converting the excess electricity generated from braking and engine operation into low-frequency AC current.
The process of dynamic wireless EV charging takes place in two phases, namely regenerative phase and direct current (DC) phase.
Application Insights:
Based on the application, the market has been segmented into electric vehicles and plug-in hybrid electric vehicles. The former is further divided into passenger and commercial EVs. Stationary wireless EV chargers are used for charging both types of EVs as they provide cost-effective options for charging compared to Level 2 chargers.
The commercial segment dominated the global wireless EV charger market in terms of revenue in 2017 owing to increasing number of companies focusing on developing solutions for corporate fleets, public infrastructure development, and consumer product installation. Furthermore, growing emphasis by governments across various regions toward promoting adoption of Electric Vehicles (EVs) due to benefits such as reduced emissions along with improved driving range is expected to boost demand over the forecast period.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing investments from multinational companies. For instance, in December 2018, Volkswagen Group announced to invest USD X billion by 2021 on electric vehicles and battery production capacity expansion in India. Such investments are anticipated to boost the adoption of EV's across countries such as China and Japan over the coming years which will subsequently drive regional market growth.
North America is projected to be one of the fastest-growing regions owing to rising demand for clean energy vehicles along with stringent government regulations regarding carbon emissions from internal combustion engines (ICEs). Furthermore, growing awareness about environment-friendly vehicle technologies among consumers is further expected fuel industry growth over next eight years till 2030.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020, according to MarketsandMarkets. This growth is primarily attributed to the increasing demand for environment-friendly and fuel-efficient vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles through various initiatives and subsidies. For instance, in March 2016, the UK government announced a subsidy worth £5,000 (US,290) for buyers of new electric cars. This subsidy is aimed at encouraging people to switch from traditional petrol or diesel cars to electric ones.
- Development of wireless charging technology: Wireless charging technology offers several advantages over traditional wired charging systems such as ease of use and convenience. This has led many automakers and technology companies to invest in its development . For instance, in January 2017, Volkswagen announced plans to develop a wireless charging system for its upcoming line of electrified cars .
- . Growing popularity of shared mobility services: Shared mobility services such as car sharing and ride hailing are growing in popularity due to their cost-effective nature and environmental benefits . These services are likelyto boost the adoptionofelectricvehiclesandthuswirelesschargingtechnologyaswell .
- . Increase in numberof EV chargers : The number offree public EV chargersisgrowing rapidly worldwide . In October 2016 , ChargePointannounced that it had installedits 25000
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Electric Vehicle Charging Market Research Report
By Type
Stationary Wireless Electric Vehicle Charging, Dynamic Wireless Electric Vehicle Charging
By Application
EV’s (Electric Vehicles), PHEV’s (Plug-in Hybrid Electric Vehicles)
By Companies
Qualcomm Technologies, EVATRAN GROUP, HEVO, Leviton Manufacturing, WiTricity
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Electric Vehicle Charging Market Report Segments:
The global Wireless Electric Vehicle Charging market is segmented on the basis of:
Types
Stationary Wireless Electric Vehicle Charging, Dynamic Wireless Electric Vehicle Charging
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
EV’s (Electric Vehicles), PHEV’s (Plug-in 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:
- Qualcomm Technologies
- EVATRAN GROUP
- HEVO
- Leviton Manufacturing
- WiTricity
Highlights of The Wireless Electric Vehicle Charging 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:
- Stationary Wireless Electric Vehicle Charging
- Dynamic Wireless Electric Vehicle Charging
- By Application:
- EV’s (Electric Vehicles)
- PHEV’s (Plug-in 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 Electric Vehicle Charging 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:
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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 electric vehicle charging is a technology that allows drivers to recharge their electric vehicles without having to connect them to an electrical outlet. Wireless charging uses electromagnetic fields, or radio waves, to transfer energy from an electricity source (usually a power grid) into the battery of an electric vehicle.
Some of the key players operating in the wireless electric vehicle charging market are Qualcomm Technologies, EVATRAN GROUP, HEVO, Leviton Manufacturing, WiTricity.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wireless Electric Vehicle Charging 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 Electric Vehicle Charging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wireless Electric Vehicle Charging 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 Electric Vehicle Charging 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 Electric Vehicle Charging Market Size & Forecast, 2018-2028
4.5.1 Wireless Electric Vehicle Charging Market Size and Y-o-Y Growth
4.5.2 Wireless Electric Vehicle Charging Market Absolute $ Opportunity
Chapter 5 Global Wireless Electric Vehicle Charging 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 Wireless Electric Vehicle Charging Market Size Forecast by Type
5.2.1 Stationary Wireless Electric Vehicle Charging
5.2.2 Dynamic Wireless Electric Vehicle Charging
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wireless Electric Vehicle Charging 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 Wireless Electric Vehicle Charging Market Size Forecast by Applications
6.2.1 EV’s (Electric Vehicles)
6.2.2 PHEV’s (Plug-in Hybrid Electric Vehicles)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wireless Electric Vehicle Charging 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 Electric Vehicle Charging 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 Wireless Electric Vehicle Charging Analysis and Forecast
9.1 Introduction
9.2 North America Wireless Electric Vehicle Charging 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 Wireless Electric Vehicle Charging Market Size Forecast by Type
9.6.1 Stationary Wireless Electric Vehicle Charging
9.6.2 Dynamic Wireless Electric Vehicle Charging
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 Wireless Electric Vehicle Charging Market Size Forecast by Applications
9.10.1 EV’s (Electric Vehicles)
9.10.2 PHEV’s (Plug-in 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 Wireless Electric Vehicle Charging Analysis and Forecast
10.1 Introduction
10.2 Europe Wireless Electric Vehicle Charging 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 Wireless Electric Vehicle Charging Market Size Forecast by Type
10.6.1 Stationary Wireless Electric Vehicle Charging
10.6.2 Dynamic Wireless Electric Vehicle Charging
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 Wireless Electric Vehicle Charging Market Size Forecast by Applications
10.10.1 EV’s (Electric Vehicles)
10.10.2 PHEV’s (Plug-in 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 Wireless Electric Vehicle Charging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wireless Electric Vehicle Charging 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 Wireless Electric Vehicle Charging Market Size Forecast by Type
11.6.1 Stationary Wireless Electric Vehicle Charging
11.6.2 Dynamic Wireless Electric Vehicle Charging
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 Wireless Electric Vehicle Charging Market Size Forecast by Applications
11.10.1 EV’s (Electric Vehicles)
11.10.2 PHEV’s (Plug-in 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 Wireless Electric Vehicle Charging Analysis and Forecast
12.1 Introduction
12.2 Latin America Wireless Electric Vehicle Charging 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 Wireless Electric Vehicle Charging Market Size Forecast by Type
12.6.1 Stationary Wireless Electric Vehicle Charging
12.6.2 Dynamic Wireless Electric Vehicle Charging
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 Wireless Electric Vehicle Charging Market Size Forecast by Applications
12.10.1 EV’s (Electric Vehicles)
12.10.2 PHEV’s (Plug-in 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) Wireless Electric Vehicle Charging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wireless Electric Vehicle Charging 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) Wireless Electric Vehicle Charging Market Size Forecast by Type
13.6.1 Stationary Wireless Electric Vehicle Charging
13.6.2 Dynamic Wireless Electric Vehicle Charging
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) Wireless Electric Vehicle Charging Market Size Forecast by Applications
13.10.1 EV’s (Electric Vehicles)
13.10.2 PHEV’s (Plug-in 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 Electric Vehicle Charging Market: Competitive Dashboard
14.2 Global Wireless Electric Vehicle Charging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Qualcomm Technologies
14.3.2 EVATRAN GROUP
14.3.3 HEVO
14.3.4 Leviton Manufacturing
14.3.5 WiTricity
