Press release
Wireless EV Charging Market Set to Surpass USD 3.21 Billion by 2034
Wireless EV Charging Market
Download Full PDF Sample Copy of Market Report @
https://exactitudeconsultancy.com/request-sample/66928
Market Overview: Powering the Future Without Cables
According to Exactitude Consultancy, the Global Wireless Charging System for Electric Vehicles Market was valued at USD 176.3 million in 2024 and is expected to reach USD 3.21 billion by 2034, expanding at a CAGR of 33.2% during the forecast period.
Key Market Highlights:
• 2024 Market Value: USD 176.3 Million
• 2034 Market Forecast: USD 3.21 Billion
• CAGR (2024-2034): 33.2%
• Key Growth Drivers: EV adoption, smart city initiatives, autonomous vehicle development, and charging convenience
• Challenges: High installation costs, interoperability concerns, and limited charging efficiency
• Top Companies: WiTricity, Qualcomm, Momentum Dynamics, Electreon, Plugless Power, ZTE, Siemens, and HEVO Inc.
Segmentation Analysis
By Component
• Power Control Unit
• Ground Transmission Pad
• Vehicle Receiving Pad
• Battery Management System (BMS)
• Others (Cables, Controllers, Communication Modules)
By Power Supply Range
• 3-11 kW (Residential/Light-duty Vehicles)
• 11-50 kW (Commercial Fleets)
• >50 kW (Public Transport, High-Speed Inductive Charging)
By Charging Type
• Static Wireless Charging
• Dynamic Wireless Charging (In-motion Charging)
By Vehicle Type
• Battery Electric Vehicles (BEVs)
• Plug-in Hybrid Electric Vehicles (PHEVs)
• Commercial EVs (Buses, Vans, Logistics Fleets)
• Two-Wheelers and Micro-Mobility Vehicles
By End Use
• Residential/Home Charging
• Public & Commercial Parking Facilities
• Transit Systems (Bus Stops, Terminals)
• Fleet Depots and Logistic Hubs
• Autonomous Vehicle Charging Infrastructure
Summary:
Static wireless charging dominates current deployments, particularly in residential and fleet applications. However, dynamic charging-where vehicles are charged while moving-is gaining attention, especially in public transport and smart highways, offering a truly continuous charging experience.
Explore Full Report here: https://exactitudeconsultancy.com/reports/66928/wireless-ev-charging-market
Regional Analysis
North America
• Significant R&D investments in wireless charging corridors and fleet trials, especially in the U.S.
• Government incentives under Bipartisan Infrastructure Law promote EV infrastructure development.
Europe
• EU targets for emission-free transportation and smart city planning support wireless charging pilot projects in countries like Germany, France, and the Netherlands.
• Strong focus on interoperability standards and public-private partnerships.
Asia-Pacific
• Fastest-growing region, driven by China, South Korea, and Japan.
• High EV penetration, smart urban infrastructure, and domestic innovation accelerate adoption.
• Chinese OEMs exploring factory-integrated wireless chargers for new EV models.
Middle East & Africa
• Emerging adoption of EV-friendly smart infrastructure in the UAE, Israel, and South Africa.
• Interest in contactless charging for autonomous shuttles and luxury vehicles.
Latin America
• Gradual deployment in Brazil, Mexico, and Chile, driven by smart city pilots and urban bus electrification programs.
Summary:
While North America and Europe currently lead in demonstration projects and infrastructure rollouts, Asia-Pacific is expected to witness the fastest market expansion, propelled by government mandates, technology integration, and public-private initiatives.
Market Dynamics
Key Growth Drivers
• Rising Global EV Adoption: As EVs go mainstream, the demand for user-friendly charging infrastructure increases-wireless solutions reduce friction for everyday drivers.
• Autonomous Vehicle Integration: Wireless charging is ideal for self-driving cars that require automated energy replenishment without human intervention.
• Smart Cities & IoT Integration: Wireless charging aligns perfectly with intelligent urban planning, enabling integration with traffic systems, parking, and grid management.
• Reduced Mechanical Wear & Maintenance: Eliminating cables minimizes wear and tear, lowers operational costs, and improves safety in high-traffic zones.
• Fleet Efficiency & Logistics: Buses, taxis, and delivery fleets benefit from opportunity charging during stops, maximizing uptime.
Key Challenges
• High Initial Costs: Installation of ground pads, control systems, and alignment mechanisms can be cost-intensive, especially at scale.
• Efficiency Losses: Current wireless systems operate with 85-93% efficiency, slightly lower than conventional plug-in options.
• Alignment Sensitivity: Charging performance depends on precise vehicle positioning over ground pads.
• Lack of Standardization: Fragmented technologies and non-uniform standards pose risks to interoperability and widespread adoption.
Latest Trends
• Resonant Inductive Charging: Advanced technology that increases range and tolerance for misalignment, improving convenience.
• Vehicle-to-Grid (V2G) Compatible Wireless Systems: Enables bi-directional energy flow, transforming EVs into mobile energy assets.
• Dynamic Charging Infrastructure: Countries like Israel, Sweden, and Germany testing in-road charging lanes for public transport and logistics.
• OEM Integration: Leading automakers like Hyundai, BMW, and Tesla are exploring factory-installed wireless receivers.
Get Your Exclusive Offer with up to 10% Discount : https://exactitudeconsultancy.com/purchase/?currency=USD&type=single_user_license&report_id=66928
Competitor Analysis
Leading Players in the Wireless EV Charging Market
• WiTricity Corporation - Industry pioneer in magnetic resonance-based wireless charging, offering solutions for OEMs and retrofit.
• Qualcomm Halo (acquired by WiTricity) - Known for foundational IP and tech transfer to automakers.
• Momentum Dynamics - Specializes in high-power dynamic wireless charging for fleets and buses.
• Electreon - Focused on dynamic road charging, partnering with governments and public transit agencies in Europe and Israel.
• Plugless Power (Evatran) - Offers aftermarket retrofit wireless systems for Tesla, Nissan Leaf, and Chevy Bolt.
• ZTE Corporation - Supplies wireless charging for EV buses in Chinese urban transportation systems.
• HEVO Inc. - U.S.-based startup working on smart grid-connected wireless pads with real-time energy management.
• Siemens AG - Developing integrated wireless power and smart charging infrastructure in urban mobility ecosystems.
• DAE Systems - Engaged in OEM solutions and customized charging solutions for smart parking environments.
• Continental AG - Automotive giant exploring wireless vehicle charging modules for factory installation.
Summary:
The competitive landscape is shaped by innovation intensity, IP ownership, pilot partnerships, and integration with automotive OEMs. Companies that can offer scalable, cost-effective, and grid-smart wireless charging will lead the next wave of adoption.
Conclusion: Towards a Cable-Free Charging Future
The Global Wireless Charging System for Electric Vehicles Market represents a paradigm shift in how energy is delivered to EVs. As the technology matures and infrastructure scales, wireless charging will evolve from niche applications to mainstream deployment across residential, commercial, and public sectors.
Strategic Outlook & Opportunities
• Expansion of autonomous EV fleets with wireless charging capabilities
• Government-funded dynamic charging highways for public transport
• Integration of AI-driven energy management with wireless systems
• Deployment of standardized charging pads in public parking infrastructure
By 2034, wireless EV charging will not only enhance user experience but will also become a key enabler for smart mobility ecosystems, shaping the future of sustainable, connected transportation.
This report is also available in the following languages : Japanese (ワイヤレスEV充電市場), Korean (무선 EV 충전 시장), Chinese (电动汽车无线充电市场), French (Marché de la recharge sans fil pour véhicules électriques), German (Markt für kabelloses Laden von Elektrofahrzeugen), and Italian (Mercato della ricarica wireless per veicoli elettrici), etc.
Request for a sample of this research report at (Use Corporate Mail ID for Quick Response) @ https://exactitudeconsultancy.com/reports/66928/wireless-ev-charging-market#request-a-sample
Related Reports:
Budget Apps Market
https://exactitudeconsultancy.com/reports/61634/global-budget-apps-market
Active Alignment (AA) Equipment Market
https://exactitudeconsultancy.com/reports/61648/global-active-alignment-aa-equipment-market
Paint Grade Zinc Powder Market
https://exactitudeconsultancy.com/reports/61656/global-paint-grade-zinc-powder-market
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
https://bulletin.exactitudeconsultancy.com/
https://www.thehealthanalytics.com/
https://www.analytica.global/
https://www.marketintelligencedata.com/
https://www.marketinsightsreports.com/
https://exactitudeconsultancy.com/
Connect Us:
Irfan Tamboli
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com
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 Surpass USD 3.21 Billion by 2034 here
News-ID: 4107851 • Views: …
More Releases from Exactitude Consultancy
Vacuum Insulated Pipe Market Projected to Reach USD 2.36 Billion by 2034
Introduction: A Market Built on Cryogenic Efficiency and Innovation
The global Vacuum Insulated Pipe (VIP) market is witnessing a steady surge driven by the expanding cryogenic industry, increased liquefied natural gas (LNG) trade, and rising demand for efficient liquid gas transportation systems. These specialized double-wall pipes, engineered with high vacuum insulation between inner and outer layers, have become indispensable in industries handling cryogenic fluids such as liquid nitrogen, oxygen, argon, and…
Solar PV Mounting Systems Market is Expected to Reach USD 31.7 Billion by 2034
Introduction: Powering the Next Decade of Solar Expansion
The Solar PV Mounting Systems Market is emerging as a crucial pillar in the clean energy revolution, enabling efficient, cost-effective, and durable installations of photovoltaic (PV) modules across rooftops, open fields, and floating structures. As the world accelerates toward carbon neutrality, the demand for robust, modular, and adaptable mounting systems has intensified across residential, commercial, and utility-scale solar projects.
Download Full PDF Sample Copy…
Tall Oil Fatty Acid Market projected to reach USD 2.21 billion by 2034
Introduction: A Sustainable Feedstock Powering the Future of Bio-based Chemicals
The Tall Oil Fatty Acid (TOFA) Market is gaining strong traction as industries increasingly shift toward renewable, sustainable, and bio-based chemical alternatives. Derived as a byproduct from the kraft pulping process of pine wood, TOFA has become a vital raw material in the production of alkyd resins, dimer acids, lubricants, coatings, and adhesives. Its unique composition-rich in oleic and linoleic acids-makes…
Lithium-Ion Battery Recycling Market Projected to Reach USD 27.3 Billion by 2034
Introduction: Powering the Circular Energy Transition
As the world accelerates toward electrification and clean energy, the demand for lithium-ion batteries has skyrocketed-fueling everything from electric vehicles (EVs) to smartphones and grid storage systems. However, this exponential growth brings with it an urgent environmental challenge: how to sustainably manage end-of-life batteries.
Download Full PDF Sample Copy of Market Report @ https://exactitudeconsultancy.com/request-sample/25354
The Lithium-Ion Battery Recycling Market has emerged as a cornerstone of the global…
More Releases for Charging
Is it better to choose AC charging piles or DC charging piles for home charging …
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 usually…
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 end…
What is dynamic mode of EV Charging? Dynamic EV Charging vs Traditional EV Charg …
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 to…
Electric Bus Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact a …
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 bus…
Global Automotive Electric Recharging Point Market Size, by Type (Home Charging …
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 also…
Electric Vehicle Charging Equipment Market Report 2018: Segmentation by Type (AC …
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 2018…
