Wireless EV Charging Market Size, Share | Industry Report 2032

Wireless Charging Market for Electric Vehicles by Charging System (Inductive and Magnetic Power Transfer), Propulsion, Charging Type (Stationary and Dynamic Wireless Charger), Component, Power Supply, and Vehicle Type - Global Forecast to 2032
The global wireless charging market for electric vehicles [https://www.marketsandmarkets.com/Market-Reports/wireless-ev-charging-market-170963517.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=wireless-ev-charging-market] is projected to grow from USD 0.09 billion in 2025 to USD 1.12 billion by 2032 at a CAGR of 43.8%.

The global wireless charging market for electric vehicles is witnessing strong momentum, driven by the rapid adoption of EVs and the expansion of smart mobility infrastructure. With the growing demand for seamless, high-end vehicle experiences, wireless charging is emerging as a practical and forward-looking solution that meets evolving consumer and industry expectations. It uses inductive power transfer for contactless energy delivery, addressing key limitations of plug-in systems such as manual handling and cable wear. Its alignment with SAE J2954 standards, advancements in magnetic alignment, and integration with smart parking and energy management platforms are making wireless EV charging more commercially viable. Additionally, growing interest in luxury features and smart home compatibility further reinforces its relevance. As cities invest in connected infrastructure, wireless charging is likely to become a critical enabler of efficient, infrastructure-ready electric mobility.

"The battery electric vehicle (BEV) segment is expected to show significant growth during the forecast period."

By propulsion, the BEV segment is expected to hold a larger share of the wireless charging market for electric vehicles than the PHEV segment during the forecast period. Leading automotive companies such as Genesis, Hyundai, and BMW use wireless charging technology in the Genesis GV60, Hyundai Ioniq (Optional), and BMW 530e (Limited time, discontinued in 2020), respectively. Additionally, the Hyundai premium brand Genesis offers an optional inductive charging system for its BEV model eG80. All these parameters are expected to bolster the growth of the BEV segment of the wireless charging market for electric vehicles. BEVs are powered by an electric motor and have rechargeable batteries. These vehicles do not have a gasoline engine and are solely powered by electricity. According to primary inputs, the penetration of wireless chargeable luxury BEVs with increased driving range, availability of best-in-class software-defined features such as automatic parking, is expected to increase in the coming years due to strict emission norms introduced by governments of various countries and increased driving range of electric vehicles. In addition, the governments of some countries now provide subsidies for environment-friendly cars to encourage the use of BEVs.

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"Home charging units are expected to hold a substantial market share during the forecast period."

The demand for BEVs and PHEVs has increased over the past few years. Growing environmental concerns, rising fossil fuel prices, long-term supply concerns, and improved technology have accelerated the growth of electric vehicle technology. Many OEMs now offer EVs equipped with wireless power transfer technology. Companies like BMW,Volkswagen, Audi, and Volvo offer electric vehicles equipped with wireless power transfer technology. A steady increase in the sales of EVs is expected to drive the home charging unit segment of the wireless charging market for electric vehicles. Commercial wireless charging solutions, on the other hand, experience low utilization due to low availability in the mass market.

"China and South Korea are expected to hold significant market shares in Asia Pacific during the forecast period."

China and South Korea are expected to record significant market shares in the Asia Pacific wireless charging market for electric vehicles during the forecast period. The easy availability of electronic equipment or raw materials required to manufacture power control units is expected to reduce the cost of wireless charging systems in China and South Korea, which will, in turn, drive the market in these countries.

China is focusing on increasing the number of electric vehicles to combat rising emissions across the country. The Chinese government is offering significant subsidies for EV adoption, which in turn is boosting demand for wireless charging solutions. National policies include sales tax exemptions, preferential financing, and strong backing for public transport operators and mobility service providers to adopt electric fleets.

To become a carbon-neutral country by 2050, South Korea aims to spend USD 10.3 billion in the e-mobility segment. The South Korean government has been implementing schemes for the growth of EVs in the country for the last few years. The government plans to continue to support the growth of EVs by extending its EV subsidies under its new Green Deal. This, in turn, is likely to augment the growth of the wireless charging market for electric vehicles in the country.

Key Players

The wireless charging market for electric vehicles is dominated by established players such as WiTricity Corporation (US), InductEV Inc. (US), ENRX (Norway), Plugless Power Inc. (US), and HEVO Inc. (US). These companies develop and supply wireless charging solutions for electric vehicles, ranging from factory-integrated systems to high-power fleet infrastructure. These companies have set up R&D facilities and offer best-in-class products to their customers.

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