Press release
Wireless EV Charging Market to Reach USD 1.6 Billion by 2032
Wireless EV Charging Market
The global Wireless Electric Vehicle (EV) Charging market is poised for significant growth, projected to reach USD 1.6 billion by 2032, expanding at a CAGR of 46.8% from 2025 to 2032. This surge is attributed to the increasing adoption of electric vehicles, advancements in wireless charging technologies, and strategic collaborations among key industry players.
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◆ Global Wireless EV Charging Market Dynamics
Wireless EV charging, utilizing near-field charging (NFC) technology, offers a convenient and efficient solution for charging electric vehicles without physical connectors. The technology involves a transmission coil generating a magnetic field that transfers energy to a nearby receiving coil via induction. The efficiency of power transfer is influenced by the distance between the coils. Companies like Qualcomm are at the forefront of developing viable wireless charging solutions.
◆ Global Wireless EV Charging Market Competitive Landscape
The wireless EV charging market is characterized by strategic partnerships and product innovations. Notably, Nichicon and Qualcomm have entered into a strategic partnership, with Nichicon integrating Qualcomm's Halo wireless EV charging technology into its product line, focusing on hybrid and electric vehicles.
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◆ Global Wireless EV Charging Market Regional Demand Highlights
Asia Pacific: Dominates the market with a substantial share, driven by increasing EV penetration, growing R&D investments, and partnerships between major original equipment manufacturers and local firms.
Europe: Experiencing rapid growth due to aggressive climate policies and the push towards achieving net-zero emissions.
North America: Witnessing significant advancements in wireless charging infrastructure, supported by government initiatives and investments.
◆ Global Wireless EV Charging Market Country-Specific Insights
Growth Opportunities in Vietnam
Vietnam is witnessing increased adoption of wireless EV charging solutions, supported by government initiatives promoting electric mobility and sustainable transportation.
Trend Growth in Thailand
Thailand's focus on reducing air pollution has led to the implementation of wireless EV charging systems across various sectors, including public transportation and commercial fleets.
Consolidation Trends in Japan
Japanese companies are engaging in mergers and acquisitions to enhance their technological capabilities in wireless EV charging, aiming to meet the country's stringent environmental regulations and support its carbon neutrality goals.
Opportunity Growth in South Korea
South Korea is investing in advanced wireless EV charging technologies as part of its Green New Deal, promoting sustainable industrial practices and aiming to reduce greenhouse gas emissions significantly.
Updation Trends in Singapore
Singapore is updating its environmental policies to incorporate wireless EV charging in urban planning and industrial operations, emphasizing real-time monitoring to maintain air quality standards.
Consolidation Trends in the United States
The U.S. wireless EV charging market is experiencing consolidation, with major players acquiring startups to integrate innovative technologies and expand their service offerings, aligning with the Environmental Protection Agency's (EPA) stringent emission standards.
Growth Opportunities in China
China's commitment to reducing carbon emissions has led to substantial investments in wireless EV charging, particularly in the power and manufacturing sectors, to monitor pollutants and ensure compliance with environmental regulations.
Trend Growth in Europe
European countries are witnessing a trend towards integrating wireless EV charging with digital technologies, such as IoT and AI, to enhance monitoring capabilities and support the European Union's climate objectives.
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◆ Wireless EV Charging Market Segment Analysis:
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
by Vehicle Type
Commercial Vehicle
Passenger Car
◆ Recent Developments
Qualcomm: Continues to develop and promote its Halo wireless EV charging technology, aiming to enhance the convenience and efficiency of electric vehicle charging.
Nichicon: Has partnered with Qualcomm to integrate Halo technology into its product line, focusing on marketing wireless EV charging solutions for hybrid and electric vehicles.
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