Wireless EV Charging Market Business Growth & Competitor Segment Analysis, With Bosch, Qualcomm, Toyota Motor Corporation, BOMBARDIER, WiTricity, HELLA, Toshiba, Mitsubishi Electric, Siemens, ZTE Corporation

Many Successful Business In Wireless EV Charging Market Enjoy Longevity Because Of Understanding Industry key players and brand’s acquisitions, merges, joint ventures, recent developments, products launches and the competitive research And Regular market research to understand their target market, identify consumer problems and pinpoint realistic competitors.

In This Market Report has been formed with the detailed market analysis that is performed by a team of industry experts, skilful analysts, dynamic forecasters and knowledgeable researchers. The market study of this report evaluates the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors.

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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.

Key Developments in the Market:

• In November 2017, WiTricity Corporation and Texas Instruments Incorporated have announced that they have collaborated and are aiming to use Texas’s automotive-grade semiconductor components in WiTricity’s wireless charging systems.

• In May 2017, Qualcomm Technologies Inc. introduced dynamic electric vehicle charging dynamic electric vehicle charging (DEVC), which is aimed at allowing the users of the vehicles to charge their vehicles while driving.

This Market research can be carried out at various stages of a business life cycle, from pre-launch and beyond. Having a greater understanding of your marketplace from the very start will enable to create a sound business strategy to establish and grow your brand into one that’s better than the competition.

Global Market Key Competitors:

Few of the major competitors currently working in the wireless EV charging market 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, Mitsubishi Electric Corporation.

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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Wireless EV Charging Market Segmentation:

• By Installation Type
o Aftermarket
o Original Equipment Market

• By Propulsion Type
o Battery Electric Vehicle (BEV)
o Plug-In Hybrid Electric Vehicle (PHEV)

• By Charging Station Type
o Commercial Charging Stations
o Home Charging Stations

• By Component
o Base Charging Pad
o Power Control Unit
o Vehicle Charging Pad

• By Power Supply Range
o 3-11KW
o 11-50KW
o Less than 50KW

• By Charging Type
o Dynamic Wireless Charging System
o Stationery Wireless Charging System

• By Vehicle Type
o Passenger Cars
o Electric Commercial Vehicle
o Electric Two Wheeler

• By Geography
o North America
o South America
o Europe
o Asia-Pacific
o Middle East & Africa

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Research Methodology Use For Research Report

Primary market research is a kind of market research that can be carried out individually or as a business, with the aim of collecting unique data that can be used to improve products, services and overall functionality.

Primary market research covers the following:

o Monitoring the effectiveness of sales

o Ascertaining the quality of services provided by competitors

o Understanding the channels of communication used by competitors

o Assess the active competition within the market

Secondary market research is a different type of market research as it relies on information that’s already available from a variety of sources.

Secondary market research covers the following:

o Published company reports data

o Existing surveys and studies

o Newspaper reports

o Government data

The ‘savvy’ purchaser:-

This type of customer is someone that’s not necessarily concerned with the quality or effectiveness of a product or service, but is intent on getting the best possible value. A ‘savvy’ customer is someone that’s likely to be aware of all the prices offered by your major competitors, so you’ll need to carry out secondary market research to understand whether your products or services will be priced competitively.

The industry influencer:-

An industry expert will not be fixated on the price of a product or service, they are often more concerned with the value and quality. Industry influencers make for ideal candidates to use for primary market research, allowing them to use your products or services, garnering their opinion on them and the market as a whole.

The end-user:-

An end-user is a customer that will actually use your products or services on a day-to-day basis. End users also make for excellent candidates for primary market research, allowing you to understand their frustrations and limitations – ideal if you’re still in the process of developing and designing new products, giving you the edge over the competition.

Most new businesses will encounter three different types of customer; market research gives you the ability to understand how your target customers think and adapt to their needs in order to turn them into regular customers and brand advocates.

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