Press release
Wireless Charging for Electric Vehicle Market Projected to Grow at a CAGR 46.8%
According to the new market research report "Wireless Charging for Electric Vehicle Market by Power Supply (3-50 KW), Application (Home & Commercial), Distribution channel (Aftermarket & OE), Component, Charging system, Propulsion, Vehicle type, & Region - Global Forecast to 2027", published by MarketsandMarkets(TM), The Wireless Charging for Electric Vehicle Market is projected to grow at a CAGR of 46.8% during the forecast period, to reach USD 234 million by 2027 from USD 16 million in 2020.View Full TOC @ https://www.marketsandmarkets.com/Market-Reports/wireless-ev-charging-market-170963517.html
Browse and in-depth TOC on "Wireless Charging for Electric Vehicle Market"
163 - Tables
61 - Figures
203 - Pages
The increasing demand and sales of electric vehicles, government regulations to curb emission, and rapidly developing infrastructure are expected to drive the growth of the Wireless Charging for Electric Vehicle Market. OEMs have partnered with wireless charging technology manufacturers to develop charging infrastructure for the convenience of electric vehicle owners.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170963517
BEV is estimated to hold the largest market share during the forecast period
Government initiatives to promote zero or low-emission vehicles have contributed to the growth of BEVs. The governments of some countries now provide subsidies for environment-friendly cars to encourage the use of BEVs. For instance, the Chinese government provides subsidies of RMB 55,000 on the purchase of a passenger BEV and RMB 30,000 for a PHEV.
Dynamic charging is estimated to be the fastest-growing segment of Wireless Charging for Electric Vehicle Market
Dynamic charging is estimated to be the fastest-growing segment of Wireless Charging for Electric Vehicle Market. With benefits such as no waiting time for charging a vehicle, dynamic charging technology has become popular in the electric vehicle industry. Wireless charging system manufacturer Electron occupies a 3,000 sqm facility near Tel Aviv with a 260-meter circular test road. The wireless power transfer technology includes a unique DWPT system (Dynamic Wireless Power Transfer) Road infrastructure - coils placed under the road at the center of the traffic lane. Future roads and highways are expected to be equipped with this technology, and drivers would have to pay a tax for entering the lane to charge their electric vehicles on the move.
Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=170963517
Europe is expected to dominate the Wireless Charging for Electric Vehicle Market in 2027
Europe is expected to be the largest market for wireless charging of electric vehicles during the forecast period. The improved infrastructure in this region will enable the easy installation of wireless charging systems for electric vehicles. The presence of leading players such as Robert Bosch GmbH, Continental AG, and HELLA KGaA Hueck & Co. is also expected to drive the growth of Wireless Charging for Electric Vehicle Market in the region. Reduced price of the battery and improving sales of electric vehicles would also contribute to the growth in this region.
The Wireless Charging for Electric Vehicle Market is dominated by globally established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), WiTricity Corporation (US), ZTE Corporation (China), and HELLA KGaA Hueck & Co. (Germany).
Browse Related Reports:
Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle (PC, CV), Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation, and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/electric-vehicle-market-209371461.html
Electric Commercial Vehicle Market by Propulsion (BEV, HEV, PHEV, & FCEV), Vehicle Type (Bus, Truck, Pick-Up Truck, and Van), Component, Range, Autonomous Vehicle, Charging Infrastructure, and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/electric-commercial-vehicle-market-16430819.html
Contact:
Mr. Shelly Singh
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/wireless-ev-charging-market.asp
About MarketsandMarkets(TM)
MarketsandMarkets(TM) 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(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) 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(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) 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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Wireless Charging for Electric Vehicle Market Projected to Grow at a CAGR 46.8% here
News-ID: 1910505 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…