The research report titled ‘Wireless Electric Vehicle Charging Systems Market by Type (Dynamic, Static), Component (Base Pads, Vehicle Pads), Technology, Application, Vehicle Type (BEV, PHEV), Power Supply, End Use, Distribution Channel and Geography—Global Forecasts to 2030’, provides in-depth analysis of wireless electric vehicle charging systems market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The global wireless electric vehicle charging systems market is projected to reach $2.5 billion by 2030, at a CAGR of 50.1% during the forecast period 2023–2030. The growth of the wireless electric vehicle charging systems market is driven by the factors such as the rising demand for electric vehicle fast-charging infrastructure for fleet operations, the increasing implementation of wireless charging infrastructure in European countries, and the increasing prevalence of range anxiety. However, the high cost of implementing wireless charging infrastructure restrains the growth of this market.
The standardization of wireless electric vehicle charging systems and the growing use of autonomous vehicles in public transport and logistics are expected to create opportunities for the growth of this market. However, insufficient funding is a challenge to the growth of the overall market.
Based on type, the global wireless electric vehicle charging systems market is segmented into static and dynamic. In 2023, the static segment is expected to account for the larger share of the market and is also projected to record the highest CAGR during the forecast period. Growing favorable initiatives to deploy static charging systems by market players and the convenience of wireless electric vehicle charging are expected to drive the segment's growth.
Based on component, the global wireless electric vehicle charging systems market is segmented into base pads, vehicle pads, power control units, and battery management systems. In 2023, the base pads segment is expected to account for the largest share of global wireless electric vehicle charging systems market. However, the vehicle pads segment is projected to record the highest CAGR during the forecast period. The growth of this segment is driven by increasing initiatives by automotive companies to incorporate wireless electric vehicle charging capabilities in electric vehicles, increasing pilot projects of wireless electric vehicle charging systems, and standardization of vehicles pad for interoperability.
Based on technology, the global wireless electric vehicle charging systems market is segmented into resonant inductive wireless EV charging systems, permanent magnet gear wireless EV charging systems, capacitive wireless EV charging systems, and inductive wireless EV charging systems. In 2023, the inductive wireless EV charging systems segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. However, the capacitive wireless EV charging systems segment is projected to record the highest CAGR during the forecast period. Increasing initiatives in the wireless electric vehicle charging space and the minimal loss of power in transfer using capacitive technology are expected to support segment growth.
Based on power supply, the global wireless electric vehicle charging systems market is segmented into less than 11 kW, more than 50 kW, and 11 kW to 50 kW. In 2023, the 11 kW to 50 kW segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. The large market share of this segment is attributed to the growing demand for public and private charging infrastructure and the increasing installation of wireless electric vehicle charging systems. However, the less than 11kW segment is projected to record the highest CAGR during the forecast period. Growing public EV charging infrastructure and increasing collaboration between market players to offer aftermarket wireless electric vehicle charging systems for electric vehicles are expected to support segment growth.
Based on end-use, the global wireless electric vehicle charging systems market is segmented into commercial and residential wireless electric vehicle charging systems. In 2023, the commercial wireless electric vehicle charging systems segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. However, the residential wireless electric vehicle charging systems is projected to record the highest CAGR during the forecast period. The lower cost of electricity for residential spaces than commercial spaces and the growing number of private electric vehicles are expected to support the segment growth.
Based on vehicle type, the global wireless electric vehicle charging systems market is segmented into battery and plug-in hybrid electric vehicles. In 2023, the battery electric vehicles segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. The large market share of this segment is attributed to the growing adoption of battery electric vehicles and increasing pilot projects regarding wireless electric vehicle charging.
However, the plug-in hybrid electric vehicles segment is projected to record the highest CAGR during the forecast period. Growing initiatives to demonstrate wireless electric vehicle charging for plug-in hybrid electric vehicles by key market players and the growing demand for plug-in hybrid electric vehicles are expected to support the segment growth.
Based on application, the global wireless electric vehicle charging systems market is segmented into light commercial vehicles, heavy commercial vehicles, passenger vehicles, and electric two-wheelers. In 2023, the passenger vehicles segment is expected to account for the largest share of the market.
However, the electric two-wheelers segment is projected to record the highest CAGR during the forecast period. The growing demand for public and private charging infrastructure and the increasing installation of wireless electric vehicle charging systems are expected to support the segment's growth.
Based on distribution channel, the global static wireless electric vehicle charging systems is segmented into OEM and aftermarket. In 2023, the OEM segment is expected to account for the largest share of the global static wireless electric vehicle charging systems.
However, the aftermarket segment is projected to record the highest CAGR during the forecast period. The initiatives to offer aftermarket options of wireless charging systems to electric vehicle owners by key market players and the rapid adoption of electric vehicles are expected to support segment growth.
Based on geography, the wireless electric vehicle charging systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Europe is expected to account for the largest share of the global wireless electric vehicle charging systems market. The increasing number of wireless electric vehicle charging pilot projects throughout Europe, the increasing adoption of electric vehicles in Europe, and supportive government initiatives are driving the growth of the wireless electric vehicle charging systems market in Europe.
Key Players:Some of the key players operating in the wireless electric vehicle charging systems are Witricity Corporation (U.S.), Mojo Mobility Inc. (U.S.), HEVO Inc. (U.S.), WAVE, LLC (U.S.), Continental AG (Germany), DAIHEN Corporation (Japan), Toshiba Corporation (Japan), ZTE Corporation (China), ElectReon Wireless Ltd. (Israel), Conductix-Wampfler GmbH (Germany), Integrated Infrastructure Solutions GmbH (Germany), Plugless Power LLC (U.S.), TGOOD Global Ltd. (China), InductEV Inc. (U.S.) and Lumen Pty Ltd (Australia).
Key questions answered in the report-Which are the high-growth market segments based on type, component, technology, power supply, application, end use, vehicle type and distribution channel?
What was the historical market for wireless electric vehicle charging systems?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, and opportunities in the wireless electric vehicle charging systems market?
Who are the major players, and what shares do they hold in the wireless electric vehicle charging systems market?
What is the competitive landscape in the wireless electric vehicle charging systems market?
What are the recent developments in the wireless electric vehicle charging systems market?
What strategies are the major players in the wireless electric vehicle charging systems market adopt?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global wireless electric vehicle charging systems market, and how do they compete with the other players?
Scope of the report:Wireless Electric Vehicle Charging Systems, by TypeStatic
Dynamic
Wireless Electric Vehicle Charging Systems, by ComponentBase Pads
Vehicle Pads
Power Control Units
Battery Management Systems
Wireless Electric Vehicle Charging Systems, by TechnologyResonant inductive Wireless Electric Vehicle Charging Systems
Permanent Magnet Gear Wireless Electric Vehicle Charging Systems
Capacitive Wireless Electric Vehicle Charging Systems
Inductive Wireless Electric Vehicle Charging Systems
Wireless Electric Vehicle Charging Systems, by Power SupplyLess Than 11 kW
More Than 50 kW
11 kW to 50 kW
Wireless Electric Vehicle Charging Systems, by End UseCommercial Wireless Electric Vehicle (EV) Charging Systems
Residential Wireless Electric Vehicle (EV) Charging Systems
Wireless Electric Vehicle Charging Systems, by Vehicle TypeBattery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Wireless Electric Vehicle Charging Systems, by ApplicationLight Commercial Vehicles
Heavy Commercial Vehicles
Passenger Vehicles
Electric Two & Three-wheelers
Static Wireless Electric Vehicle Charging Systems, by Distribution ChannelAftermarket
OEM
Wireless Electric Vehicle Charging Systems, by GeographyNorth America
U.S.
Canada
Europe
Germany
Sweden
UK
France
Norway
Italy
Spain
Switzerland
Netherlands
Denmark
Portugal
Rest of Europe
Asia-Pacific
China
South Korea
Japan
India
Australia
Singapore
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
UAE
Israel
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Global Wireless Electric Vehicle Charging Systems Market - Report SummaryReport Metrics | Details |
---|
Years Considered | 2023 - 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Page Count | 314 |
Units Referenced | Value (USD Million) |
Segments/Key Topics | Market by Type, Market by Component, Market by Technology, Market by Power Supply, Market by Application, Market by End Use, Market by Vehicle Type, Market by Distribution Channel, and Market by Geography |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Key Companies Mentioned | Witricity Corporation (U.S.), Mojo Mobility Inc. (U.S.), HEVO Inc. (U.S.), WAVE, LLC (U.S.), Continental AG (Germany), DAIHEN Corporation (Japan), Toshiba Corporation (Japan), ZTE Corporation (China), ElectReon Wireless Ltd. (Israel), Conductix-Wampfler GmbH (Germany), Integrated Infrastructure Solutions GmbH (Germany), Plugless Power LLC (U.S.), TGOOD Global Ltd. (China), InductEV Inc. (U.S.) and Lumen Pty Ltd (Australia). |
FAQs About the Report
What is the value of revenue generated from the sales of wireless electric vehicle charging systems across the globe? At what rate is their demand expected to grow for the next 5–7 years?The global wireless electric vehicle charging systems market is expected to reach $2.5 billion by 2030, at a CAGR of 50.1% during the forecast period (2023–2030).
Which type segment showcases high growth opportunities for the wireless electric vehicle charging systems market players?Based on type, in 2023, the static segment is expected to account for the larger share of the global wireless electric vehicle charging systems market and is also projected to record the highest CAGR during the forecast period. Growing favorable initiatives to deploy static charging systems by market players and the convenience of wireless electric vehicle charging are expected to drive the segment's growth.
Which component segment of the market is projected to create more traction in the wireless electric vehicle charging systems market?Based on component, in 2023, the base pads segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. However, the vehicle pads segment is projected to record the highest CAGR during the forecast period.
Which technology segment of the market is projected to create more traction in the wireless electric vehicle charging systems market?Based on technology, in 2023, the inductive wireless electric vehicle charging systems segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. However, the capacitive wireless electric vehicle charging systems segment is projected to record the highest CAGR during the forecast period. Increasing initiatives in the wireless electric vehicle charging space and the minimal loss of power in power transfer using capacitive technology are expected to support segment growth.
Which power supply segment of the market is projected to create more traction in the wireless electric vehicle charging systems market?Based on power supply, in 2023, the 11 kW to 50 kW segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. However, the less than 11kW segment is projected to record the highest CAGR during the forecast period. The growing public EV charging infrastructure and increasing collaboration between market players to offer aftermarket wireless electric vehicle charging systems for electric vehicles are expected to support segment growth.
Which vehicle type segment of the market is projected to create more traction in the wireless electric vehicle charging systems market?Based on vehicle type, in 2023, the battery electric vehicles segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. However, the plug-in hybrid electric vehicles segment is projected to record the highest CAGR during the forecast period.
Which end-use segment of the market is projected to create more traction in the wireless electric vehicle charging systems market?Based on end-use, in 2023, the commercial wireless electric vehicle charging systems segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. However, the residential wireless electric vehicle charging systems is projected to record the highest CAGR during the forecast period.
Which application segment of the market is projected to create more traction in the wireless electric vehicle charging systems market?Based on application, in 2023, the passenger vehicles segment is expected to account for the largest share of the global wireless electric vehicle charging systems market. However, the electric two-wheelers segment is projected to record the highest CAGR during the forecast period.
Which distribution channel segment of the market is projected to create more traction in the static wireless electric vehicle charging systems market?Based on distribution channel, in, the OEM segment is expected to account for the largest share of the global static wireless electric vehicle charging systems market. However, the aftermarket segment is projected to record the highest CAGR during the forecast period. The initiatives to offer aftermarket options of wireless charging systems to electric vehicle owners by key market players and the rapid adoption of electric vehicles are expected to support segment growth.
What are the key factors driving the growth of the wireless electric vehicle charging systems market? What are the major opportunities for existing market players and new entrants?The growth of the wireless electric vehicle charging systems market is driven by the factors such as the rising demand for electric vehicle fast-charging infrastructure for fleet operations, the increasing implementation of wireless charging infrastructure in European countries, and the increasing prevalence of range anxiety. However, the standardization of wireless electric vehicle charging systems and the growing use of autonomous vehicles in public transport and logistics are expected to create market growth opportunities.
Who are the major players operating in the global wireless electric vehicle charging systems market?The key players operating in the global wireless electric vehicle charging systems market are Witricity Corporation (U.S.), Mojo Mobility Inc. (U.S.), HEVO Inc. (U.S.), WAVE, LLC (U.S.), Continental AG (Germany), DAIHEN Corporation (Japan), Toshiba Corporation (Japan), ZTE Corporation (China), ElectReon Wireless Ltd. (Israel), Conductix-Wampfler GmbH (Germany), Integrated Infrastructure Solutions GmbH (Germany), Plugless Power LLC (U.S.), TGOOD Global Ltd. (China), InductEV Inc. (U.S.) and Lumen Pty Ltd (Australia).
Which regions/countries dominated the global wireless electric vehicle charging systems market?In 2023, Europe is expected to account for the largest share of the global wireless electric vehicle charging systems market.