Wireless Electric Vehicle Charging Market By Vehicle Type (BEV, PHEV, CEV), By Distribution Channel (OEMS, AFTERMARKET), By Charging Method (CWPT, MGWPT, RIPT, IPT), By Installation (Home, Commercial), By Power Source (3?11 KW, 11–50 KW, >50 KW): Global Opportunity Analysis and Industry Forecast, 2020-2030
Wireless power transmission involves the transfer of electrical power from transmitter to receiver without any wired connection. Introduction of smart charging mats and newly launched ground pads, specifically for electric vehicles increases the demand for wireless charging systems globally.
Increase in sales of electric vehicles (EVs), constant advancements in portable electronics as well as wearables, and frequent need for harvesting ambient RF energy are expected to drive the growth of the global wireless electric vehicle charging market during the forecast period. However, expensive technology for its integration and slower charging as compared to other charging technologies hamper the market growth.
The OEMs and governments emphasize on electric vehicles usage as an effort to reduce tail pipe emissions. With the increase in demand for electric vehicles, the requirement for charging stations is expected to significantly increase in the near future. As the plug-in charging stations take longer hours for charging, the on-the-go wireless electric vehicle chargers can cater to the need and provide range extension. The wireless charging has high applications for cars as well as for commercial fleets; thus, fostering the growth of the wireless electric vehicle charging market.
The wireless electric vehicle charging market is based on the transmission of energy from a power source to a consuming device without wires or cables. It is a reliable, convenient, and safe technology to power and charge electric vehicles. In addition, it provides efficient, cost-effective, and safe advantages over the traditional charging systems by eliminating the use of physical connectors and cables. With the rise in trend and focus toward autonomous ride sharing, the wireless electric vehicle charging market size is expected to increase and will be the most viable option for the OEMs segment or the autonomous fleet operators.
Higher adoption from OEMs is anticipated to boost the wireless electric vehicle charging market. However, expensive technology for its integration and slower charging as compared to other charging technologies are expected to hamper the growth of the market.
The wireless electric vehicle charging market is segmented on the basis of power source, charging methods, installation, distribution channel, vehicle type, and region. The power source segment is further divided as 3–<11 kW, 11–50 kW, and >50 kW based on the power output requirement for wireless charging. On the basis of charging methods, the market is segmented into capacitive wireless power transfer (CWPT), magnetic gear wireless power transfer (MGWPT), resonant inductive power transfer (RIPT), and inductive power transfer (IPT). Home and commercial installation types are covered on the basis of installation. Depending on the distribution channel, the market is bifurcated into OEMs and aftermarket. By vehicle type, the market is further divided into battery electric vehicles (BEV), plug-in hybrid electric vehicle (PHEV), and commercial electric vehicles. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players profiled in the wireless electric vehicle charging market report include, IPT technology inc., Continental ag, Evatran group (plugless), Nidec mobility corporation, Renesas electronics, Powermat technologies, Qualcomm technologies, Robert Bosch Gmbh, Texas instruments, Toyota motor corporation, and Witricity. Competitive analysis and profiles of major market players is included in the report.
KEY BENEFITS FOR STAKEHOLDERS
This study presents analytical depiction of the global wireless electric vehicle charging market analysis along with current the trends and future estimations to depict imminent investment pockets.
The overall wireless electric vehicle charging market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global wireless electric vehicle charging market with a detailed impact analysis.
The current wireless electric vehicle charging market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Distribution Channel
OEMS
AFTERMARKET
By Charging Method
CWPT
MGWPT
RIPT
IPT
By Installation
Home
Commercial
By Vehicle Type
BEV
PHEV
CEV
By Power Source
3≤11 KW
11–50 KW
and50 KW
By Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Netherlands
Norway
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
IPT group
CONTINENTAL AG
EVATRAN GROUP (PLUGLESS)
INTEGRATED DEVICE TECHNOLOGY
POWERMAT TECHNOLOGIES LTD
QUALCOMM TECHNOLOGIES
INC
ROBERT BOSCH GMBH
TEXAS INSTRUMENTS INC
TOYOTA MOTOR CORPORATION
WITRICITY CORPORATION
Nidec Mobility Corporation
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