openPR Logo
Press release

Wireless EV Charging Market Set to Skyrocket, Projected Growth to USD 743.66 Million by 2030

07-15-2024 12:19 PM CET | Industry, Real Estate & Construction

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Wireless EV Charging Market

Wireless EV Charging Market

๐–๐ข๐ซ๐ž๐ฅ๐ž๐ฌ๐ฌ ๐„๐• ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž ๐จ๐ซ ๐ƒ๐ž๐œ๐ซ๐ž๐š๐ฌ๐ž ๐Ÿ๐จ๐ซ ๐ฐ๐ก๐š๐ญ ๐œ๐จ๐ง๐ญ๐š๐ข๐ง๐ฌ

๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ ๐จ๐Ÿ ๐‚๐Ž๐•๐ˆ๐ƒ-19

The COVID-19 pandemic disrupted global supply chains and manufacturing operations, significantly affecting the automotive industry, including EV sales and infrastructure development. However, the crisis has underscored the need for resilient and efficient charging solutions, positioning wireless EV charging as a viable option to meet future fleet and public transportation needs, especially with the anticipated rise in electric bus fleets post-pandemic.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

The growing demand for electric and plug-in hybrid vehicles, driven by environmental regulations and consumer preferences for sustainable mobility solutions, is a primary driver of market growth. Strategic initiatives such as product innovations and collaborations among industry players further propel market expansion.

๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ

Challenges such as slower charging speeds compared to traditional cable chargers and higher technology adoption costs remain key barriers. The limitations of inductive charging over long distances and the complexity of integrating drive electronics and coils add to production costs, hindering widespread adoption.

๐–๐ข๐ซ๐ž๐ฅ๐ž๐ฌ๐ฌ ๐„๐• ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‘๐š๐ญ๐ž ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ:

The global Wireless Electric Vehicle (EV) Charging Market is poised for exponential growth, with projections indicating a surge from USD 50.61 million in 2023 to USD 743.66 million by 2030, at an impressive CAGR of 46.8%. This report provides a comprehensive overview of the market dynamics, technological advancements, and regional insights shaping the future of wireless EV charging solutions.

๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/3025/

๐–๐ข๐ซ๐ž๐ฅ๐ž๐ฌ๐ฌ ๐„๐• ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

Wireless EV Charging (WEVC) technology revolutionizes the way electric vehicles are charged by employing near-field charging via magnetic induction. This innovative technology eliminates the need for physical cables, offering greater convenience and ease of use for EV owners. Leading firms like Qualcomm are at the forefront of developing viable wireless charging solutions, enhancing the market's growth prospects.

๐–๐ข๐ซ๐ž๐ฅ๐ž๐ฌ๐ฌ ๐„๐• ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

โ€ข ๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Public/Commercial Charging Station
Home Charging Unit

โ€ข ๐›๐ฒ ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ

Base Charging Pad
Power Control Unit
Vehicle Charging Pad

โ€ข ๐›๐ฒ ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐“๐ฒ๐ฉ๐ž

Dynamic Wireless Charging System
Stationary Wireless Charging System

โ€ข ๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

Aftermarket
OE Market

โ€ข ๐›๐ฒ ๐๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง

BEV
PHEV

In terms of propulsion, the BEV category had the biggest market share in 2023. 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.

โ€ข ๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

Commercial Vehicle
Passenger Car

โ€ข ๐›๐ฒ ๐๐จ๐ฐ๐ž๐ซ ๐’๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐‘๐š๐ง๐ ๐ž

3-50 kW

โ€ข ๐›๐ฒ ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ

Magnetic Power Transfer
Capacitive Power Transfer
Inductive Power Transfer

Stationary wireless charging systems held the largest market share in 2023, offering user-friendly and dependable solutions for EV owners. These systems enable wireless charging in parking lots and public areas, fostering the development of comprehensive charging networks for electric vehicles.

๐“๐จ ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐ซ๐ž๐ ๐š๐ซ๐๐ข๐ง๐  ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฐ๐ž๐›๐ฉ๐š๐ ๐ž: https://www.maximizemarketresearch.com/request-sample/3025/

๐–๐ข๐ซ๐ž๐ฅ๐ž๐ฌ๐ฌ ๐„๐• ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž ๐š๐ง๐ ๐Œ๐ž๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:

A wealth of information on significant subjects, including those that are expected to support the industry's growth and upcoming issues, is included in the market research report Wireless EV Charging. The industry's competitive landscape, investment potential in the Wireless EV Charging market, and items promoted by well-known brands will all be thoroughly understood by stakeholders. The sector's quantitative and qualitative elements are examined in the study. A detailed examination of the competition for the Wireless EV Charging Market is one of the things the MMR probe looks into.

The analysis includes a detailed list of needs along with a full justification for each. Numerous primary and secondary information sources, such as official government documents, websites, annual reports, and expert and professional sources, were considered when developing the Wireless EV Charging Market.

๐–๐ข๐ซ๐ž๐ฅ๐ž๐ฌ๐ฌ ๐„๐• ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐œ๐ก ๐ซ๐ž๐ ๐ข๐จ๐ง๐ฌ??

๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ

Asia Pacific emerged as the largest market in 2023, driven by increasing EV penetration and substantial investments in R&D by domestic and international manufacturers. Countries like China, Japan, and India lead in automotive production and adoption of advanced technologies, including wireless EV charging systems.

๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

Recent acquisitions and partnerships, such as Hevo Inc.'s introduction of ground-mounted wireless chargers and WiTricity's acquisition of Qualcomm's Halo wireless EV charging platform, highlight the industry's dynamic landscape. These initiatives aim to enhance product portfolios and expand market presence amidst growing competition.

๐–๐ข๐ซ๐ž๐ฅ๐ž๐ฌ๐ฌ ๐„๐• ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Robert Bosch GmbH
2. Continental AG
3. Toyota Motor Corporation
4. Electroad
5. Toshiba Corporation
6. Lg Chem Ltd
7. Witricity Corporation
8. Wave
9. Qualcomm, Inc.
10. Bombardier Inc.
11. Aerovironment Inc.
12. Hella KGaA Hueck & Co.
13. Evatran Group Inc.
14. Mojo Mobility Inc.
15. ZTE Corporation
16. Elix Wireless
17. Momentum Dynamics Corporation.
18. HEVO Power
19. Olev Technologies

๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง

The wireless EV charging market is poised for rapid expansion, fueled by technological innovations and increasing consumer demand for sustainable transportation solutions. With advancements in wireless charging capabilities and supportive regulatory frameworks, stakeholders are well-positioned to capitalize on emerging opportunities in the evolving automotive ecosystem.

๐€๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ

This comprehensive report offers stakeholders actionable insights into the global Wireless EV Charging Market, encompassing strategic analysis, competitive landscape, and future growth prospects. It serves as an invaluable tool for decision-makers navigating the complexities of the automotive industry and seeking to leverage market trends effectively.

๐”๐ง๐œ๐จ๐ฏ๐ž๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/market-report/wireless-ev-charging-market/3025/

๐“๐š๐›๐ฅ๐ž ๐จ๐Ÿ ๐‚๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ: ๐–๐ข๐ซ๐ž๐ฅ๐ž๐ฌ๐ฌ ๐„๐• ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ

Section 01: Overview
Section 02: Report Scope for the Wireless EV Charging Market
Section 03: Landscape of the Wireless EV Charging Market
Section 04: Size of the Wireless EV Charging Market
Section 05: Types of Wireless EV Charging Market Segmentation
Section 06: Analysis of Competitive Forces
Section 07: Profile of Customers
Section 08: Geographic Analysis
Section 09: Decision-Making Framework
Section 10: Factors Driving and Hindering Growth
Section 11: Current Market Developments
Section 12: Assessment of Market Participants
Section 13: Detailed Analysis of Vendors

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐–๐ข๐ซ๐ž๐ฅ๐ž๐ฌ๐ฌ ๐„๐• ๐‚๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

What is Wireless EV Charging?
What is the growth rate of the Wireless EV Charging Market?
Which are the factors expected to drive the Wireless EV Charging market growth?
What is the CAGR at which the Wireless EV Charging market will grow during the forecast period?
What are the different segments of the Wireless EV Charging Market?
Which is the fastest growing region in the Wireless EV Chargingmarket?
What growth strategies are the players considering to increase their presence in Wireless EV Charging?
What are the upcoming opportunities and trends for the Wireless EV Charging Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Wireless EV Charging Market?
Who are the leading companies and what are their portfolios in Wireless EV Charging Market?
What segments are covered in the Wireless EV Charging Market?
Who are the key players in the Wireless EV Charging market?
๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ซ๐ž๐ฅ๐ž๐ฏ๐š๐ง๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Harvesting Machinery Market https://www.maximizemarketresearch.com/market-report/global-harvesting-machinery-market/95553/

โ™ฆ Global Gigabit Network Access Control Systems Market https://www.maximizemarketresearch.com/market-report/global-gigabit-network-access-control-systems-market/77807/

โ™ฆ Global Advanced Farming Market https://www.maximizemarketresearch.com/market-report/global-advanced-farming-market/95683/

โ™ฆ Global Security Advisory Services Market Key Trends https://www.maximizemarketresearch.com/market-report/global-security-advisory-services-market-key-trends/6552/

โ™ฆ Global Mobile Positioning System Market https://www.maximizemarketresearch.com/market-report/global-mobile-positioning-system-market/77745/

โ™ฆ Global Packet Optical Networking Equipment Market https://www.maximizemarketresearch.com/market-report/global-packet-optical-networking-equipment-market/77810/

โ™ฆ Global Application Infrastructure Middleware Market https://www.maximizemarketresearch.com/market-report/global-application-infrastructure-middleware-market/106048/

โ™ฆ Global Door Controls and Accessories Market https://www.maximizemarketresearch.com/market-report/global-door-controls-and-accessories-market/79417/

โ™ฆ Global Exploration and Production Accounting System Software Market https://www.maximizemarketresearch.com/market-report/exploration-production-accounting-system-software-market/2980/

โ™ฆ Global Enterprise Small Cell Solutions Market https://www.maximizemarketresearch.com/market-report/global-enterprise-small-cell-solutions-market/79398/

๐Ž๐ฎ๐ซ ๐€๐๐๐ซ๐ž๐ฌ๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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 EV Charging Market Set to Skyrocket, Projected Growth to USD 743.66 Million by 2030 here

News-ID: 3580975 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR - Clinical Trials Market Forecast Insights
Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR โ€ฆ
According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR. โ–บ Get a sample of theโ€ฆ
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5.16% Driven
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 โ€ฆ
Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn. Turbo Trainer Market Overview: The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essentialโ€ฆ
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of 7% Driven
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of โ€ฆ
Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million. Sodium Acetate Market Overview: The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, isโ€ฆ
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR -
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR - "India Tire โ€ฆ
According to a new report by Maximize Market Research, the India tire market was valued at approximately USD 13.4 billion in 2024 and is expected to climb to USD 27.6 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.6 %. The growth is underpinned by increasing automotive production, growing replacement demand, and rising adoption of radial tyres. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/21022/ โ™ฆ Key Highlights Market sizeโ€ฆ

All 5 Releases


More Releases for Charging

Is it better to choose AC charging piles or DC charging piles for home charging โ€ฆ
Choosing between AC and DC charging piles for home charging piles requires comprehensive consideration of charging needs, installation conditions, cost budgets and usage scenarios and other factors. Here's a breakdown: Image: https://www.beihaipower.com/uploads/4c61b8bc1.jpg 1. Charging speed * AC charging piles: The power is usually between 3.5kW and 22kW, and the charging speed is relatively slow, suitable for long-term parking and charging, such as night charging. * DC charging piles: The power is usuallyโ€ฆ
800V system challenge: charging pile for charging system
800V Charging pile "Charging Basics" This article mainly talks about some preliminary requirements for 800V charging piles [https://www.beihaipower.com/products/], first let's take a look at the principle of charging: When the charging tip is connected to the vehicle end, the charging pile will provide (1) low-voltage auxiliary DC power to the vehicle end to activate the built-in BMS (battery management system) of the electric vehicle After activation, (2) connect the car endโ€ฆ
What is dynamic mode of EV Charging? Dynamic EV Charging vs Traditional EV Charg โ€ฆ
A dynamic charging system is a technology that allows electric vehicles to charge while in motion. This system typically involves embedding charging infrastructure into the road surface, which enables the vehicle to charge its battery as it travels along the road. This can potentially extend the range and operational capabilities of electric vehicles, as they can receive continuous power while on the move. Dynamic charging systems have the potential toโ€ฆ
Electric Bus Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact a โ€ฆ
In every region, electrification appears as a clear alternative to increase urban growth and to care for the city environment simultaneously, using electric buses. With the right charging technology, the advantages of electric buses can be used, such as the use of renewable energy, less energy consumption, less noise, lower particle emissions, reliable service, and others. The severe emission standards across the globe are expected to drive more electric busโ€ฆ
Global Automotive Electric Recharging Point Market Size, by Type (Home Charging โ€ฆ
Global Automotive Electric Recharging Point Market research report provides complete intelligence about the global Automotive Electric Recharging Point industry, including market growth factors and prominent competitors in the market. The report also enfolds insightful analysis of competition intensity, segments, environment, trade regulations, and product innovations to render deep comprehension of the complete Automotive Electric Recharging Point market structure. Recent developments, technology diffusion, and important events of the market are alsoโ€ฆ
Electric Vehicle Charging Equipment Market Report 2018: Segmentation by Type (AC โ€ฆ
Global Electric Vehicle Charging Equipment market research report provides company profile for Fortum, Fuji Electric, Leviton, Shell, Qualcomm, Bosch, Schneider Electric, Siemens, ABB, AeroVironment, Chargemaster, ClipperCreek, DBT-CEV, Engie and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018โ€ฆ