Wireless charging for EV Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Wireless charging for EV Market
The wireless charging for EV market size was valued at USD 16.5 million in 2020, and the market is now projected to grow from USD 18.6 million in 2021 to USD 221.0 million by 2028, exhibiting a CAGR of 42.4% during the forecast period of 2021-2028.
The disaster slowed worldwide car additives and vehicle production industries. It affected EV production and charging infrastructure demand. Key groups like Tesla, Daimler, BMW, Kia, and Nissan shut down production facilities. However, the market is expected to get better with sluggish lockdown removal, boosting wireless charging for EV market growth.
The growing variety of electrical vehicle owners is driving the need for greater public charging facilities. As the electrical automobile base grows, demand for fast charging is predicted to upward push. Electric automobiles can be charged every time and everywhere, eliminating the want for grid connections. The substantial adoption of wi-fi charging solution facilitates lessen air pollution, driving the worldwide marketplace.
In 2020, global electric vehicle income extended through 41% to three million, largely because of government policy, progressed charging infrastructure, surge in call for and supply-side elements, federal incentives, manufacturer outreach, and reducing battery expenses. The marketplace for Electric Vehicle Wireless Charging is also expected to grow as greater automobiles are on the street.
Comprehensive Analysis of Wireless charging for EV Market
The Electric Vehicle Wireless Charging marketplace is segmented into 3-<11 KW, 11-50 KW, and >50 KW. The 3-<11 KW section is predicted to be the second-fastest-developing market. The 11-50 KW power delivery segment is projected to be the fastest-developing. The wireless charging market is divided into industrial charging stations and domestic charging units. The commercial charging station section is anticipated to register the very best CAGR of over 44.4% because of the growing need for charging infrastructure in public places, high demand for industrial wireless charging systems in China, and the proliferation of industrial charging systems in Europe. The passenger motors section held the highest share inside the global market in 2020, largely because of the increasing income of passenger automobiles global. The business cars phase is anticipated to be the fastest-developing market from 2021 to 2028.
The Europe region lead the wireless charging for EV market share by benefitting a market size of USD 6.91 million in 2020 due to location's sound infrastructure and authorities obligations for electric powered car wi-fi charging are expected to stress marketplace boom. Major corporations like Continental AG, and Robert Bosch GmbH are also expected to boost up the increase.
Major marketplace player encompass HELLA GmbH and Co. KGaA, ZTE Corporation, WiTricity Corporation, Continental AG, and Robert Bosch GmbH. They attention on partnerships, acquisitions, product improvement, launches, and growth techniques to reinforce their marketplace feature. Key organizations consist of ZTE Corporation, Continental AG, Tesla, Toyota Motor Corporation, Toshiba Corporation, and TGOOD Global Ltd.
Alibaba Group, a Chinese e-trade organisation, has unveiled an electric automobile with wireless charging, beneath the joint mission 1M 'intelligence in motion' with SAIC Motor Corporation Ltd.
Segmentation Table
ATTRIBUTE DETAILS
Study Period2017-2028
Base Year2020
Estimated Year 2021
Forecast Period2021-2028
Historical Period2017-2019
UnitValue (USD Million)
SegmentationBy Power Supply
3–<11 Kw
11–50 Kw
>50 Kw
By Application
Commercial Charging Station
Home Charging Unit
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Geography
North America (By Power Supply, By Application, By Vehicle Type)
U.S. (By Vehicle Type )
Canada (By Vehicle Type )
Mexico (By Vehicle Type )
Europe (By Power Supply, By Application, By Vehicle Type)
U.K. (By Vehicle Type )
Germany (By Vehicle Type )
France (By Vehicle Type )
Rest of Europe (By Vehicle Type )
Asia Pacific (By Power Supply, By Application, By Vehicle Type)
China (By Vehicle Type )
India (By Vehicle Type )
Japan (By Vehicle Type )
South Korea (By Vehicle Type )
Rest of Asia Pacific (By Vehicle Type )
Rest of the World (By Power Supply, By Application, By Vehicle Type)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments - Merger, Acquisitions, and Partnerships
- 4.2. Distribution Analysis
- 4.3. Porter’s Five Forces Analysis
- 4.4. SWOT Analysis
- 4.5. Technological Developments
- 4.6. Impact of COVID-19
- 5. Global Electric Vehicle Wireless Charging Market Analysis, Insights and Forecast, 2017-2028
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Power Supply
- 5.2.1. 3–<11 KW
- 5.2.2. 11–50 kKWW
- 5.2.3. >50 KW
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Commercial Charging Station
- 5.3.2. Home Charging Unit
- 5.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.4.1. Passenger Cars
- 5.4.2. Commercial Vehicles
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of the World
- 6. North America Electric Vehicle Wireless Charging Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Power Supply
- 6.2.1. 3–<11 kW
- 6.2.2. 11–50 kW
- 6.2.3. >50 kW
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Commercial Charging Station
- 6.3.2. Home Charging Unit
- 6.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.4.1. Passenger Cars
- 6.4.2. Commercial Vehicles
- 6.5. Market Analysis – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 6.5.3. Mexico
- 7. Europe Electric Vehicle Wireless Charging Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Power Supply
- 7.2.1. 3–<11 kW
- 7.2.2. 11–50 kW
- 7.2.3. >50 kW
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Commercial Charging Station
- 7.3.2. Home Charging Unit
- 7.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.4.1. Passenger Cars
- 7.4.2. Commercial Vehicles
- 7.5. Market Analysis – By Country
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Rest of Europe
- 8. Asia Pacific Electric Vehicle Wireless Charging Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Power Supply
- 8.2.1. 3–<11 kW
- 8.2.2. 11–50 kW
- 8.2.3. >50 kW
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Commercial Charging Station
- 8.3.2. Home Charging Unit
- 8.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.1. Passenger Cars
- 8.4.2. Commercial Vehicles
- 8.5. Market Analysis – By Country
- 8.5.1. China
- 8.5.2. Japan
- 8.5.3. India
- 8.5.4. South Korea
- 8.5.5. Rest of Asia Pacific
- 9. Rest of the World Electric Vehicle Wireless Charging Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Power Supply
- 9.2.1. 3 – <11 kW
- 9.2.2. 11–50 kW
- 9.2.3. >50 kW
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Commercial Charging Station
- 9.3.2. Home Charging Unit
- 9.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.4.1. Passenger Cars
- 9.4.2. Commercial Vehicles
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Ranking Analysis (2020)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 10.5.1. Continental AG
- 10.5.1.1. Overview,
- 10.5.1.2. Products & services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. Robert Bosch GmbH
- 10.5.2.1. Overview,
- 10.5.2.2. Products & services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. WiTricity Corporation
- 10.5.3.1. Overview,
- 10.5.3.2. Products & services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. Momentum Dynamics Corporation
- 10.5.4.1. Overview,
- 10.5.4.2. Products & services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. Toyota Motor Corporation
- 10.5.5.1. Overview,
- 10.5.5.2. Products & services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. HEVO Inc.
- 10.5.6.1. Overview,
- 10.5.6.2. Products & services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. HELLA GmbH & Co. KGaA
- 10.5.7.1. Overview,
- 10.5.7.2. Products & services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. Recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability)
- 10.5.8. ZTE Corporation
- 10.5.8.1. Overview,
- 10.5.8.2. Products & services,
- 10.5.8.3. SWOT analysis,
- 10.5.8.4. Recent developments,
- 10.5.8.5. strategies,
- 10.5.8.6. financials (based on availability)
- 10.5.9. Tesla
- 10.5.9.1. Overview,
- 10.5.9.2. Products & services,
- 10.5.9.3. SWOT analysis,
- 10.5.9.4. Recent developments,
- 10.5.9.5. strategies,
- 10.5.9.6. financials (based on availability)
- 10.5.10. Toshiba Corporation
- 10.5.10.1. Overview,
- 10.5.10.2. Products & services,
- 10.5.10.3. SWOT analysis,
- 10.5.10.4. Recent developments,
- 10.5.10.5. strategies,
- 10.5.10.6. financials (based on availability)
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