The Global Wireless EV Charging Market research report is a brilliant report that helps the individual to make vital choices and accomplish development targets. The study of this report has been utilized to analyze different fragments that are depended upon to observe the speediest advancement dependent on the assessed conjecture outline. Various strategies and procedures were utilized to assemble and assess the data. This market research report perceives the prerequisite to stay educated in aggressive market conditions and consequently offers a bit of wide-running data for settling on choice and methodologies so as to enlarge the market productivity and development.
Global wireless EV charging market is expected to rise from its initial estimated value of USD 1.67 million in 2018 to an estimated value of USD 844.25 million by 2026, registering a CAGR of 117.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in electric vehicles on the road.
Wireless EV charging can be defined as the method of charging vehicles without the use of any wires while they are in motion or are fixed at the charging stations. This method of charging involves the vehicles to be incorporated with a power receiving coil installed underneath the vehicle’s surface and the power transmitting coil to be situated on the charging station so that the power can be transferred and the battery of the vehicles can be charged.
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Major Key players profiled in this report are:
Continental AG, Robert Bosch GmbH, Qualcomm Technologies Inc., Toyota Motor Corporation, Bombardier Inc., WiTricity Corporation, HELLA GmbH & Co. KGaA, EVATRAN GROUP, TOSHIBA CORPORATION, ZTE Corporation, ELIX Wireless, HEVO Power, AddÉnergie Technologies Inc., Blink Charging Co., ChargePoint Inc., ClipperCreek, EVgo Services LLC, Leviton Manufacturing Co. Inc., Semaconnect, ABB, Alfen N.V., Allego B.V., Siemens AG, Efacec, IONITY GmbH, Schneider Electric, SAMSUNG SDI CO.LTD., TGOOD Global Ltd., Automotive Energy Supply Corporation, Tritium Pty Ltd, and Mitsubishi Electric Corporation.
Major Market Drivers:
- Growing demand for electric vehicles and availability of electric vehicles on the road is expected to drive the market growth
- Increase in usage of electric vehicles and distance travelled by these vehicles is also expected to drive the market growth
By Installation Type
- Original Equipment Market
- Base Charging Pad
- Power Control Unit
- Vehicle Charging Pad
By Power Supply Range
- Less than 50KW
By Vehicle Type
- Passenger Cars
- Electric Commercial Vehicle
- Electric Two Wheeler
- North America
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- South America
- Rest of South America
Global wireless EV charging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wireless EV charging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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