Wireless EV Charging Market Insights | Key Players: WiTricity Corporation, Evatran Group, Mojo Mobility, ChargePoint, Bosch, Qualcomm Technologies, Inc.

According to recent research "Wireless EV Charging Market by Charging Station (Home, Commercial), Charging (Stationary, Dynamic), Propulsion (BEV, PHEV), Power Supply (3–50 KW), Vehicle (CV, 2 wheeler), Component, Installation, and Region - Global Forecast to 2025", The wireless EV charging market is projected to grow at a CAGR of 117.56 % during the forecast period, to reach USD 407 million by 2025 from an estimated USD 8 million in 2020.

Don’t miss out on business opportunities in Wireless EV Charging Market.
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=170963517

The demand for luxury EVs, increased EV sales, government regulations to curb emissions, and fast developing EV infrastructure are driving the overall demand of the wireless EV charging market. OEMs in collaboration with wireless charging technology manufacturers have also begun developing their own charging infrastructure for the convenience of EV owners, which is expected to drive the growth of the wireless EV charging market.

Browse and in-depth TOC on “Wireless EV Charging Market”
60 - Tables
64 - Figures
173- Pages

View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/wireless-ev-charging-market-170963517.html

BEV, by propulsion, is estimated to hold the largest market share during the forecast period.

Government initiatives to promote zero or low emission vehicles are contributing to the high growth of BEVs. The governments of some countries have begun providing subsidies for environment-friendly cars, thereby encouraging the use of BEVs. For instance, the Chinese government provides subsidies of RMB 55,000 on the purchase of passenger BEV and RMB 30,000 for PHEVs.

Dynamic Charging segment is estimated to be the fastest growing wireless EV charging market, by charging, from 2020 to 2025.

The Dynamic Charging segment is estimated to be the fastest growing wireless EV charging market. The dynamic wireless charging technology for EVs is the most preferred and attractive future technology in the EV industry. Wireless charging system manufacturers such as Qualcomm Technologies, Inc. (US) have demonstrated the dynamic wireless charging technology by constructing 100 meters of test roads embedded with the wireless charging system. Dynamic charging technology has a great future once EVs are launched in the mass market. The future roads/highways are expected to be equipped with this technology, and the drivers would have to pay a tax for entering the lane to charge their EVs while on the move.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=170963517

Asia Pacific is expected to be the largest market for wireless EV charging system in 2025.

Asia Pacific is projected to be the largest market for wireless EV charging system from 2020 to 2025. A rise in the penetration of EVs in the developed markets may boost the demand for wireless charging systems. Increasing R&D investments, coupled with the growing number of partnerships and joint ventures between major OEMs and domestic players, have created growth opportunities for wireless charging system manufacturers in the Asia Pacific. Moreover, the region comprises the emerging economies, such as China and India, along with the developed nations, such as Japan, and is the largest market for automobiles. Thus, technological advancements have led major OEMs to incorporate advanced and convenience features such as wireless charging system in their EVs.

The wireless EV charging market is dominated by globally established players such as WiTricity Corporation, Evatran Group, Mojo Mobility, ChargePoint, Bosch, Momentum Dynamics Corporation, Qualcomm Technologies, Inc., and Bombardier, Inc.

Request for special pricing on bundle reports @ https://www.marketsandmarkets.com/RequestBundleReport.asp?id=170963517

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com

This release was published on openPR.