As per this study the Global Wireless EV charging Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
Wireless EV charging is used to charge the electric vehicles without plugging the wire. It uses electromagnetic induction to charge the vehicle in a faster and autonomous way. It consists of 2 coils, primary coil (installed at power mat) and the secondary coil (installed in the vehicle receiver unit). When the electricity is passed through the primary coil, it leads to the generation of magnetic flux along with electric pressure that is generated by overlapping with secondary coil. Thus the electricity is passed wirelessly from a power mat to the vehicle receiver unit.
The market is gaining sustainable growth on account of rising demand of electric vehicles. Rising fuel prices, increasing demand for battery driven vehicles, stringent regulations by various governments to curb carbon emissions is fueling the market growth. Also, rise in disposable income and increasing focus towards strengthening fast charging infrastructure for electric vehicles are further boosting the market growth. However, the high cost of wireless charging electric vehicles may act as a roadblock for the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of wireless EV charging.
The broad wireless EV charging market has been sub-grouped into vehicle type, charging type, components, manufacturing type and usage. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Vehicle Type
By Charging Type
- Plug-In Hybrid Electric Vehicles
- Battery Electric Vehicles
- Stationary Charging
- Dynamic Charging
By Manufacturing Type
- Base Charging Pad
- Vehicle Charging Pad
- Power Control Unit
- Home Charging
- Commercial Charging
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for wireless EV charging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Wireless EV Charging Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the wireless EV charging market includes Cree Inc., Hitachi Metals Ltd, Kyocera Corporation, Mitsubishi Chemical Corporation, MonoCrystal, Sumco Corp and Sumitomo Electric Industries Ltd. among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.