Global Wireless Charging System for Electric Vehicles Market Growth (Status and Outlook) 2023-2029

Global Wireless Charging System for Electric Vehicles Market Growth (Status and Outlook) 2023-2029

The Wireless Charging System for Electric Vehicles market covers Electromagnetic Induction, Magnetic Resonance, etc. The typical players include WiTricity, Elix, Momentum Dynamics, etc.
Wireless charging is a great out of sight, out of mind solution to keep your EV humming along. Much like placing the smartphone on a charging pad each night instead of plugging it in, wireless car charging will fill the vehicle’s battery when park over a charger on the ground beneath it. No need to lift bulky cables out of the boot, and no need to actually have those cables with you in the first place. Just park and charge.
LPI (LP Information)' newest research report, the “Wireless Charging System for Electric Vehicles Industry Forecast” looks at past sales and reviews total world Wireless Charging System for Electric Vehicles sales in 2022, providing a comprehensive analysis by region and market sector of projected Wireless Charging System for Electric Vehicles sales for 2023 through 2029. With Wireless Charging System for Electric Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wireless Charging System for Electric Vehicles industry.
This Insight Report provides a comprehensive analysis of the global Wireless Charging System for Electric Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wireless Charging System for Electric Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wireless Charging System for Electric Vehicles market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wireless Charging System for Electric Vehicles and breaks down the forecast by technology, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wireless Charging System for Electric Vehicles.
The global Wireless Charging System for Electric Vehicles market size is projected to grow from US$ 224.6 million in 2022 to US$ 2252.4 million in 2029; it is expected to grow at a CAGR of 39.0% from 2023 to 2029.
The global revenue of Wireless Charging System for Electric Vehicles market was valued at 160.24 Million USD in 2020 and is expected to reach 1088.47 Million USD in 2026. In the future five years, we predict the CAGR of global revenue is 36.51%. Estimates indicate that there will more than 120 million EVs on the road by 2030 and that more than $50 billion will be invested in charging infrastructure by that time.

2. Americas accounted for the largest sales share of the Wireless Charging System for Electric Vehicles market in 2020. The region is characterized by the presence of a large number of service providers, especially in the USA. On the other hand, the APAC region is expected to grow at the higher CAGR during the forecast period.

3. At present, there are not many companies that can mass produce the Wireless Charging System for Electric Vehicle, the major players of Wireless Charging System for Electric Vehicles in the world include: WiTricity, Elix, Momentum Dynamics, Plugless (Evatran), IPT Technology and ZTEV, among which WiTricity is the world’s largest Wireless Charging System for Electric Vehicles manufacturer, its market share is about 33.52% in 2020.

4. Nowadays. On the basis of Type, the Wireless Charging System for Electric Vehicles market is primarily split into Electromagnetic Induction, Magnetic Resonance and Magneto-Dynamic Coupling, And Magnetic Resonance is the main type for Wireless Charging System for Electric Vehicles on basis of Type, and the Magnetic Resonance reached a sales revenue of approximately 91.54 Million USD in 2020, with 57.13% of global sales revenue.

5. With the advent in COVID-19 pandemic across the global, the global Wireless Charging System for Electric Vehicles market has been affected as the manufacturing units have been shut down due to the imposed lockdown in major countries across the globe. Also, the unavailability of skilled labor has affected the market. However, the global Wireless Charging System for Electric Vehicles market is expected to register a significant growth in the near future owing to its rising technology adoptions in the developed countries.
This report presents a comprehensive overview, market shares, and growth opportunities of Wireless Charging System for Electric Vehicles market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by technology
Electromagnetic Induction
Magnetic Resonance
Magneto-Dynamic Coupling
Segmentation by application
Passenger Automotive
Public Transportation Automotive
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
WiTricity
Elix
Momentum Dynamics
Plugless (Evatran)
IPT Technology
ZTEV

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