Wireless EV Charging Market to Grow at a CAGR of 117.75% Latest Trends and Forecast Analysis Up to 2026 profiling: SAMSUNG SDI CO.LTD., TGOOD Global Ltd., Automotive Energy Supply Corporation

Wireless EV Charging Market

Global Wireless EV Charging Market is expected to rise 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.

Market Overview:

The reactions of consumers to a product already existing in the market can be known with this global Wireless EV Charging Market Report.This market survey offers key information about the industry, helpful and important facts and figures, expert opinions, and the latest developments across the world. All this information is supplied in such a way that it properly gives explanation of various facts and figures to the business. Analytical study of this market report helps in mapping growth strategies to increase sales and build brand image in the market. This market report can be relied upon for sure when thinking about key business decisions.

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

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Market Segmentation:  

By Installation Type

  • Aftermarket
  • Original Equipment Market

By Component

  • Base Charging Pad
  • Power Control Unit
  • Vehicle Charging Pad

By Power Supply Range

  • 3-11KW
  • 11-50KW
  • Less than 50KW

By Vehicle Type

  • Passenger Cars
  • Electric Commercial Vehicle
  • Electric Two Wheeler

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Spain
  • Russia
  • Turkey
  • Belgium
  • Netherlands
  • Switzerland
  • Middle East & Africa
  • South Africa
  • Egypt
  • Saudi Arabia
  • United Arab Emirates
  • Asia-Pacific
  • Japan
  • China
  • South Korea
  • India
  • Australia
  • Singapore
  • Thailand
  • Malaysia
  • Indonesia
  • Philippines
  • Middle East & Africa
  • South Africa
  • Egypt
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • South America
  • Brazil
  • Argentina
  • Rest of South America

Competitive Analysis:

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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