Wireless EV Charging Market Analysis by Industry Size, Future Evolution and Regional Analysis

Wireless EV Charging Market Overview

One type of wireless charging technology that is very effective, practical, and easy to use is called Wireless Electric Vehicle Charging (WEVC) for electric vehicles (EVs). EV wireless charging is accomplished by near-field charging (NFC). It consists of a gearbox coil that creates a magnetic field through which energy is inducted into a nearby receiving coil. It is known that the distance between the two coils affects the percentage of magnetic flux produced by the transmitter coil that enters the reception coil and aids in power transfer. One of the top companies creating practical wireless charging technologies is Qualcomm.

Impact of COVID-19 on the Market for Wireless EV Charging:

Over 2 million on-road electric cars (OTR) are registered globally as of 2019. On the other hand, the COVID-19 pandemic has resulted in worldwide plant closures, operational and labour limitations, and interruptions to the supply chain. Car sales have significantly decreased as a result of the economic downturn, particularly for electric automobiles. Infrastructure is negatively impacted. Major investments in the development of EV charging infrastructure have stalled as a result of government restrictions and statewide blockades that have affected the majority of EVSE (Electric Vehicle Supply Equipment) manufacturers worldwide.

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Wireless EV Charging Market Dynamics

Due to its many benefits, including lower exhaust emissions and fuel usage (gas, diesel, and natural gas), electric vehicles are becoming more and more popular worldwide. It is anticipated that the demand for wireless charging would increase during the projected period due to the rise of electric or plug-in hybrid automobiles. The market for wireless electric car charging is expanding its product portfolio and global reach through a number of strategic activities, including product development and partnerships. For instance, Nichicon and Qualcomm signed a strategic partnership agreement. The agreement states that Nichicon will concentrate on marketing Qualcomm Halo WEVC wireless electric vehicle charging technology for hybrid and electric vehicles and will integrate Qualcomm Halo wireless electric vehicle charging (WEVC) technology into its product range.

Wireless EV Charging Market Segmentation

by Application

• Public/Commercial Charging Station
• Home Charging Unit

by Component

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

by Charging Type

• Dynamic Wireless Charging System
• Stationary Wireless Charging System

by Distribution Channel

• Aftermarket
• OE Market

by Propulsion

• BEV
• PHEV

In terms of propulsion, the BEV category had the biggest market share in 2022. The Tesla Model S, BMW i3, and Nissan Leaf are among the BEV vehicles from Tesla, BMW, and Nissan that currently provide wireless charging. Manufacturers are concentrating on BEVs because of strict government regulations designed to reduce rising emissions. The growing sales of BEVs and government backing are probably going to propel the market as a whole.

by Vehicle Type

• Commercial Vehicle
• Passenger Car

by Power Supply Range

• 3-50 kW

by Charging System

• Magnetic Power Transfer
• Capacitive Power Transfer
• Inductive Power Transfer

Wireless EV Charging Market Key Players

• Robert Bosch GmbH
• Continental AG
• Toyota Motor Corporation
• Electroad
• Toshiba Corporation
• Lg Chem Ltd
• Witricity Corporation
• Wave
• Qualcomm, Inc.
• Bombardier Inc.
• Aerovironment Inc.
• Hella KGaA Hueck & Co.
• Evatran Group Inc.
• Mojo Mobility Inc.
• ZTE Corporation
• Elix Wireless
• Momentum Dynamics Corporation.
• HEVO Power
• Olev Technologies

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Table of content for the Wireless EV Charging Market includes:

Part 01: Executive Summary

Part 02: Scope of the Wireless EV Charging Market Report

Part 03: Global Wireless EV Charging Market Landscape

Part 04: Global Wireless EV Charging Market Sizing

Part 05: Global Wireless EV Charging Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The global Wireless EV Charging market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Wireless EV Charging Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Wireless EV Charging to bolster military capabilities.

Key Questions answered in the Wireless EV Charging Market Report are:

How has the Wireless EV Charging market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Wireless EV Charging market?
What is the regional breakup of the global Wireless EV Charging market?
What are the price trends of various feedstocks in the Wireless EV Charging industry?
What is the structure of the Wireless EV Charging industry and who are the key players?
What are the various unit operations involved in a Wireless EV Charging processing plant?
What is the total size of land required for setting up a Wireless EV Charging processing plant?
What is the layout of a Wireless EV Charging processing plant?
What are the machinery requirements for setting up a Wireless EV Charging processing plant?
What are the raw material requirements for setting up a Wireless EV Charging processing plant?
What are the packaging requirements for setting up a Wireless EV Charging processing plant?
What are the transportation requirements for setting up a Wireless EV Charging processing plant?
What are the utility requirements for setting up a Wireless EV Charging processing plant?
What are the human resource requirements for setting up a Wireless EV Charging processing plant?
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Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Wireless EV Charging
Landscape- Leading key players and other prominent key players.

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