Press release
Wireless EV Charging Market to Soar from USD 28.24 Mn in 2023 to USD 2379.29 Mn by 2030, Registering a Remarkable 88.4% CAGR
Wireless EV Charging Market
The global Wireless Electric Vehicle (EV) Charging Market is surging ahead as the adoption of electric vehicles grows and the demand for seamless, contactless power delivery intensifies. According to Maximize Market Research, the market was valued at US 28.24 billion in 2023 and is expected to reach USD 2379.29 billion by 2030, growing at a robust CAGR of88.4% during the forecast period.
► Competitive Landscape
Key industry players leading the transformation include Qualcomm, Momentum Dynamics, WiTricity, Hevo Power, Nissan, and Toyota Motor Corporation. These companies are actively investing in research and strategic partnerships to improve efficiency, range, and public charging infrastructure.
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► Wireless EV Charging Market Regional Insights
Europe: Wireless EV Charging Growth in Europe
Europe is projected to lead in wireless EV charging demand, with Germany taking the top spot in regional share. The European market is expected to grow from USD 1.96 billion in 2023 to USD 16.97 billion by 2030. Notable companies such as Qualcomm Halo, WiTricity, and Chargemaster are accelerating R&D and commercial adoption. Strategic mergers and acquisitions have included UK-based BlueInductive acquiring smaller tech startups to enhance inductive charging capabilities.
Asia Pacific: Wireless EV Charging Opportunities in Asia-Pacific
The Asia Pacific region is also witnessing substantial growth, particularly in China, Japan, and South Korea. Key developments include government-backed infrastructure expansion and investment by firms like Nissan, Toyota, and EV Box. China remains a hub of innovation, with wireless charging initiatives in public transport and urban centers. Strategic consolidations in this region include EV technology integrations between Japanese auto manufacturers and South Korean tech suppliers
United States: Wireless EV Charging Trends in the US
The United States is seeing growing adoption of both stationary and dynamic wireless charging systems, with investments led by firms like WiTricity and Hevo Power. The US market emphasizes home charging infrastructure and autonomous vehicle compatibility. Recently, Momentum Dynamics partnered with municipal transit agencies to deploy inductive charging pads in public transport systems. M&A activity includes collaborations between automotive OEMs and wireless tech startups, pushing toward scalable deployment.
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► Mergers, Acquisitions, and Key Recent Developments
Asia Pacific has witnessed significant consolidation. Companies are actively acquiring startups with dynamic wireless charging technologies. For instance, Toyota Motor Corporation and Witricity Corporation have engaged in collaborations and licensing deals to strengthen their positions in inductive charging technologies.
In North America, Qualcomm Inc. previously transferred its Halo wireless charging technology to Witricity, consolidating expertise under one roof. This move positioned Witricity as a central player in the U.S. market.
Europe has seen increased collaboration among OEMs and tier-one suppliers. Continental AG and Robert Bosch GmbH are notable players advancing integration of wireless charging solutions into passenger vehicles, partly via partnerships and strategic alliances.
► Wireless EV Charging Market Segmentation
by Application
Commercial Charging Station
Home Charging Unit
by Component
Base Charging Pad
Power Control Unit
Vehicle Charging Pad
by Distribution Channel
Aftermarket
OE Market
by Charging Type
Dynamic Wireless Charging System
Stationary Wireless Charging System
by Propulsion Type
BEV
PHEV
The market is divided into two segments: PHEV and BEV. The BEV market is anticipated to expand at a compound annual growth rate (CAGR) of 88.4% from 2024 to 2030. Compared to PHEVs, BEVs are more likely to adopt wireless charging technology. In BEVs, the battery serves as the sole power source and needs to be charged frequently. Garages, public areas, retail centers, and workplaces can all accommodate wireless charging stations. During the forecast period, rising investments in battery electric vehicle wireless charging technology by nations like Germany, Gotland, the US, and Italy, among others, are anticipated to generate favorable opportunities for the BEV segment in the wireless charging market for electric vehicles.
by Vehicle Type
Commercial Vehicle
Passenger Car
by Power Supply Range
3-50 kW
Three segments make up the market: 3-50 kW. By 2030, the 3-11 Kw power supply range category is anticipated to have the biggest market share, accounting for 88.4%. The wireless charging systems used for small and mid-sized battery-powered electric vehicles have a capacity of 3-11 kW. At this power level, the wireless charging system can be made small and light enough to be used anywhere.
by Charging System
Magnetic Power Transfer
Capacitive Power Transfer
Inductive Power Transfer
For deeper market insights, peruse the summary of the research report:
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► Wireless EV Charging Market Market Key Players
1. Robert Bosch GmbH
2. Continental AG
3. WiTricity Corporation
4. ZTE Corporation
5. HELLA KGaA Hueck & Co.
6. Toyota Motor Corporation
7. Toshiba Corporation
8. Qualcomm, Inc.
9. Evatran Group
10. Powermat Technologies Ltd.
11. PowerbyProxi Limited
12. Energids Corp.
13. WiBotic Inc.
14. PowerSquare Inc.
15. Aircharge
16. Tecnomen Corporation
17. Steca Elektronik GmbH
18. Lumen Australia
19. ECOtality
20. Momentum Dynamics
21. ZENS
22. Freewire Technologies
23. CIRCONTROL
24. Swiftmile
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