Wireless Electric Vehicle (EV) Charging Market 2020 Powering mobility's future with wireless EV charging

Wireless Charging for Electric Vehicle Market 2020-2025: Increase in sales of electric vehicles (EVs) and rise in demand for the energy-efficient source as an alternative owing to the considerable increase in fuel price have boosted the growth of the global wireless electric vehicle charging market. However, the high cost of wireless technology and comparatively slower charging hamper the wireless EV charging market growth. On the contrary, excessive research in far-field wireless charging technologies and advancements in internet technologies and smart marketing strategy are expected to create lucrative opportunities in the coming years.

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According to the report, global wireless electric vehicle charging market was pegged at $21.8 million in 2017 and is estimated to reach $1.4 billion by 2025, registering a CAGR of 22.4% from 2018 to 2025.

The global wireless EV charging market is divided on the basis of power source, installation, distribution channel, vehicle type, and region. Based on the power source, the market is divided into 350 kW. The 11-50 KW segment held the largest share in 2017 and is expected to continue its dominance throughout the study period, owing to an increase in demand for home-based and commercial charging features. The >50 kW segment is projected to register the fastest CAGR of 40.5% during the forecast period, owing to its fast charging capabilities.

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The market across various regions such as North America, Europe, Asia-Pacific, and LAMEA is analyzed in the report. The market across Asia-Pacific regions held the largest share in 2017, contributing about 43% of the total market. Moreover, the region is estimated to manifest fastest CAGR of 27.8% during the forecast period, owing to increase in government support for the automotive industry, various emission regulations, rise in industrialization, and increase in demand for electric vehicles.

On the basis of installation, the market is segmented into home and commercial. The home segment held the largest share in 2017, contributing more than four-fifths of the total market. Based on the distribution channel, the market is segmented into OEMs and aftermarkets.

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The global wireless electric vehicle charging market report includes in-depth analysis of the major market players such as Qualcomm Inc., Robert Bosch Gmbh, Continental AG, Toyota Motor Corporation, Witricity Corporation., Texas Instruments Inc., Evatran Group Inc., Toshiba Corporation., and Powermat Technologies Ltd. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to maintain their top status in the industry.

Key Findings of the Wireless Electric Vehicle Charging Market:
• The 11–50 kW segment generated the highest revenue in 2017 and is projected to grow at a CAGR of 21.7% during the forecast period.
• The wireless electric vehicle charging market based on aftermarket segment is expected to grow at a significant CAGR of 23.4% during the forecast period.
• China is the major shareholder in the Asia-Pacific market, accounting for more than 38.00% of wireless ev charging market share in 2017.
• e largest wireless EV charging market by 2025.Commercial electric vehicles are projected to have th

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