Wireless EV Charging Market - The Booming Market showing Strong Position in Future By Top Leading Players : Robert Bosch GmbH, Continental AG, Toyota Motor Corporation, Toshiba Corporation, and WiTricity Corporation, Qualcomm, Inc., and Evatran Group

Global Wireless EV Charging Market Analysis

According to Verified Market Research, the Global Wireless EV Charging Market was valued at USD 1.64 Million in 2018 and is projected to reach USD 757.81 Million by 2026, growing at a CAGR of 115.3% from 2019 to 2026.

What is Wireless EV Charging?

Wireless Electric Vehicle Charging (WEVC) is a type of wireless charging technology that is highly efficient, convenient and easy-to-use for charging Electric Vehicles (EV). Wireless charging for EVs utilizes near-field charging (NFC). It consists of a transmitting coil that produces a magnetic field which transfers energy via induction to a nearby receiving coil. The fraction of the magnetic flux generated by the transmitter coil that penetrates the receiver coil and contributes to the power transfer is known to be a function of the distance between the two coils. Qualcomm is one of the top company that is leading in developing feasible wireless charging technologies.Wireless EV Charging Market

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Global Wireless EV Charging Market Outlook

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Factors such as growing demand for safety & convenience, rising fast-charging infrastructure for EVs, and increasing miles driven by EVs have been driving the global Wireless EV Charging market. On the other hand, the high Upgrading cost of Wireless Charging Technology might act as a restraint for the overall market at a global level.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Wireless EV Charging Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about cutting-edge technologies in the market.

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Global Wireless EV Charging Market Competitive Landscape

The “Global Wireless EV Charging Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Robert Bosch GmbH, Continental AG, Toyota Motor Corporation, Toshiba Corporation, and WiTricity Corporation, Qualcomm, Inc., and Evatran Group. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Global Wireless EV Charging Market Segmentation, By Vehicle Type

• Passenger Cars (PC)
• Electric Commercial Vehicle (ECV)
• Electric Two Wheeler

Global Wireless EV Charging Market Segmentation, By Propulsion Type

• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicle (PHEV)

Global Wireless EV Charging Market Segmentation, By Charging Station Type

• Commercial Charging Stations
• Home Charging Stations

Global Wireless EV Charging Market Segmentation, By Component

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

Global Wireless EV Charging Market Segmentation, By Power Supply Range
• 3–50 kW

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Global Wireless EV Charging Market Geographic Scope

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World

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