EV Wireless Power Transfer Market Set for Rapid Expansion (2024-2031): WiTricity Corporation, Qualcomm Halo, Plugless (Evatran Group).

The EV Wireless Power Transfer Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global EV Wireless Power Transfer market from 2024 to 2031, and what is the market value expected to change by 2031?

Global EV Wireless Power Transfer Market reached US$ 16.3 million in 2022 and is expected to reach US$ 3,718.7 million by 2031, growing with a CAGR of 97.1% during the forecast period 2024-2031.

The EV Wireless Power Transfer Market centers on technology that charges electric vehicles (EVs) without cables, using electromagnetic fields. This market is driven by demand for convenient, hands-free charging solutions in public and private spaces. Wireless charging simplifies user experience, reduces infrastructure wear, and supports the shift toward more autonomous and connected EV ecosystems, enhancing EV adoption globally.

Key Developments:

On December 15, 2022, Electreon, a leader in wireless and in-road EV charging technology, announced its plan to deploy Germany's first public wireless road project. This innovative project will power a city bus wirelessly, marking a significant milestone for public transit in the country.

Previously, on October 4, 2021, WiTricity, the pioneer of wireless charging, shared that its patented technology would soon be factory-installed in a fully electric vehicle (BEV) for the first time. Hyundai's launch of the Genesis GV60 showcased this technology through a series of promotional videos, spotlighting the convenience and potential of wireless charging for electric vehicles.

List of the Key Players in the EV Wireless Power Transfer Market:

WiTricity Corporation, Qualcomm Halo, Plugless (Evatran Group), Momentum Dynamics Corporation, Bombardier Primove, Hella Aglaia Mobile Vision GmbH, HEVO Inc., Electreon Wireless, Groupe Renault and BMW GROUP.

Research Process:

Both primary and secondary data sources have been used in the global EV Wireless Power Transfer Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the EV Wireless Power Transfer Market:

By Technology: Inductive Power Transfer (IPT), Resonant Inductive Power Transfer (RIPT), Capacitive Power Transfer (CPT).

By Power Transfer Range: 3 to 11 kW, 11 kW to 50 kW, Above 50 kW.

By End-User: Residential, Commercial.

By Application: Commercial Vehicles, Passenger Vehicles.

Regional Breakout:

The global EV Wireless Power Transfer Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of EV Wireless Power Transfer manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of EV Wireless Power Transfer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the EV Wireless Power Transfer market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the EV Wireless Power Transfer market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global EV Wireless Power Transfer market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the EV Wireless Power Transfer market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the EV Wireless Power Transfer market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the EV Wireless Power Transfer market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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