openPR Logo
Press release

Wireless Charging Market for Electric Vehicles by Power Supply Range (3-50 KW) - Global Forecast to 2027

The report "Wireless Charging Market for Electric Vehicles by Power Supply Range (3-50 KW), Application (Home & Commercial), Distribution Channel (Aftermarket & OE), Component, Charging System, Propulsion, Vehicle Type & Region - Global Forecast to 2027" The global wireless charging market for electric vehicles is projected to grow from USD 15 million in 2022 to USD 377 million by 2027, at a CAGR of 88.4%. Factors such as rising sales of electric vehicles around the world, along with the increasing inclination towards autonomous driving technology by automotive OEMs will boost the demand for the wireless charging market for electric vehicles. Increasing investments for smart roads in several countries such as the US, Germany, and Italy, among others, in conjunction with increasing governmental support for wireless charging will create new opportunities for this market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170963517

BEV segment is estimated to hold the largest market share during the forecast period

BEV is expected to be the fastest-growing segment by propulsion during the forecast period. The adoption of wireless charging systems is higher in BEVs than in PHEVs. The only source of power in BEVs is the battery, which needs to be charged regularly. The wireless charging system can be installed in home garages, public places, malls, and offices. Increasing investments by various countries, such as Germany, Gotland, the US, and Italy, among others, to incorporate wireless charging technology for battery electric vehicles are expected to create favorable opportunities for the BEV segment in the wireless charging market for electric vehicles in the coming years. Popular BEVs such as Nissan Leaf, Tesla Model S, and Jaguar I-Pace support wireless charging. Thus, the BEV segment is expected to be larger than the PHEV segment over the forecast period.

Inductive Power Transfer segment is expected to hold the largest share in the wireless charging market for electric vehicles during the forecast period

Inductive Power Transfer is expected to be the fastest-growing segment by charging system during the forecast period. This is owing to the key advantages of inductive power transfer such as minimal maintenance cost, energy conservation, and the absence of magnetic field radiation. In addition, this technology offers high efficiency, reliability, and robustness and provides a clean, safe, and robust way to transfer power. Companies such as Continental AG, IPT Technology GmbH, Hella KGaA Hueck & Co., ZTE Corporation, and Plugless Power Inc. use inductive coupling technology for the wireless charging of electric vehicles. Additionally, leading automotive companies such as Tesla, Nissan, Chevrolet, and BMW use inductive power transfer methodology for electric vehicle charging.

Europe is expected to dominate the wireless charging for electric vehicle market in 2027.

Europe is estimated to account for 66% of the global wireless charging market for electric vehicles in 2022 by volume. Electric vehicles are expected to become the rational choice for car buyers in Europe as their prices continue to fall with the availability of economical batteries and increasing range. The charging infrastructure in Europe is expected to become more widespread due to favorable policies and government support. The sales of electric vehicles in the European region increased by approximately 78% in 2019, compared to 2018. In 2020, Germany accounted for approximately 33% share of electric vehicle sales in Europe.

Key Market Players:

The wireless charging market for electric vehicles is dominated by major charging providers, including Witricity Corporation (US), Momentum Dynamic Corporation (US), Plugless Power Inc. (US), Efacec (Portugal), and HEVO Inc. (US).

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

Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: newsletter@marketsandmarkets.com
Phone: 18886006441
Address: 630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States

One stop solution for all Market Research & Consulting needs.

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 Market for Electric Vehicles by Power Supply Range (3-50 KW) - Global Forecast to 2027 here

News-ID: 2703934 • Views: 208

More Releases from MarketsandMarkets™ INC.

Rolling Stock Market Projected to reach $64.8 billion by 2027
The report "Rolling Stock Market by Component, Product Type (Locomotive, Rapid Transit, Wagon, & Coach), Locomotive Technology (Conventional, Turbocharged, & Maglev), Application (Passenger Transportation & Freight transportation) & Region - Global Forecast to 2027", size is projected to grow from USD 53.8 billion in 2022 to USD 64.8 billion by 2027, at a CAGR of 3.8%. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4380892 The rolling stock market is expected to grow at a CAGR
Automotive 3D Printing Market Projected to reach $7.9 billion by 2027
According to a research report "Automotive 3D Printing Market by Vehicle Type (ICE & Electric Vehicles), Offering (Hardware & Software), Component, Material (Metals, Plastics, Resin & Composites), Technology (SLA, SLS, EBM, FDM, LOM, 3DIP), Application, & Region - Global Forecast to 2027" published by MarketsandMarkets, the automotive 3D printing market is projected to grow from USD 2.9 billion in 2022 to USD 7.9 billion by 2027, at a CAGR of
Automotive Diagnostic Scan Tools Market Size, Growth, Demand, Opportunities & Fo …
According to a research report "Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle, Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, TPMS Tool, Battery Analyzer), Offering, Connectivity (wi-Fi, Bluetooth), Type and Region - Global Forecast to 2026" published by MarketsandMarkets, the Automotive Diagnostic scan tools Market is estimated to be USD 33.1 billion in 2021 and is projected to reach a market size of USD 41.4 billion by
Surgical Sutures Market by 2026 - Global Trends, Share Analysis, Leading Players …
The global surgical sutures market is projected to reach USD 4.9 billion by 2026, growing at a CAGR of 6.0% from 2021 to 2026. Increasing number of surgical procedures; According to the WHO 2016 Report, the estimated mean global surgical rate was 4,469 operations per 100,000 people per year, with road accidents and associated trauma being the major cause of surgical treatment. According to the EC Factsheet 2017, globally, there are around

All 5 Releases


More Releases for BEV

Electric Vehicle (BEV, PHEV) Market 2022 | Detailed Report
The Electric Vehicle (BEV, PHEV) research report provides a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The data thus presented is reliable, comprehensive and the result of extensive research both primary and secondary. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. Moreover, the data underlines the primary and
Battery Electric Vehicle (BEV) Market Forecast Up to 2031
Visiongain has published a new report entitled the Battery Electric Vehicle (BEV) Market Forecast 2021-2031: By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) and By Battery Type (Lithium-ion Batteries, Lead-acid Batteries, and Nickel-metal Hydride Batteries).PLUS, Profiles of Leading Battery Electric Vehicle (BEV) Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios Visiongain’s industry expert says: ‘The Global Battery Electric Vehicle (BEV) market was valued
United States Mini BEV Market Size, Share, Growth, Trends and Forecast
According to the report "United States Mini BEV Market Report 2017" added by Market Research HUB, the United States Mini BEV market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales
Küppersbusch shows professional kitchen technology at the Iran food & bev tec
Gelsenkirchen, May 2017 – For the first time Küppersbusch Food Service Equipment will be on display on the Iran food & bev tec. From 23rd to 26th May, the Gelsenkirchen (Germany) based manufacturer of industrial kitchen equipment will show excerpts of his product range in Tehran. „With roughly 80 million people, Iran has a similar population as Germany. It is a challenging market with an enormous potential for growth“,
Global Electric Vehicles (BEV and PHEV) Sales Volume and Market Forecast 2021
Report provides that Global Electric Vehicles market is rapidly growing around the world and is seen as a potential option towards a less carbon intensive road transport. With increasing popularity among end users, the global electric vehicles market is projected to grow with double digit CAGR during the period 2016 - 2021. Inquire for Complete PDF Report @ http://www.rnrmarketresearch.com/contacts/discount?rname=608188 Market Scope of Report: Report provides information that In the electric vehicles market,
Electric Vehicles (BEV and PHEV) Sales Volume and Market Forecast - Global Analy …
ReportsWorldwide has announced the addition of a new report title Electric Vehicles (BEV and PHEV) Sales Volume and Market Forecast - Global Analysis to its growing collection of premium market research reports. With increasing popularity among end users, the global electric vehicles market is projected to grow with double digit CAGR during the period 2016 - 2021. The major driving factors for electric vehicle market includes governmental incentives in the form