Press release
United States Inductive Charging Market Booms | Growth Trends, Investment Hotspots & Key Players - WiTricity Corporation, Volkswagen, Wifekin - PULS GmbH, InductEV, Inc., Qualcomm Incorporate
Inductive Charging Market
According to DataM Intelligence has released its latest research report on "Inductive Charging Market Size 2025," offering in-depth insights into key growth factors such as regional performance, market segmentation, CAGR trends, revenue analysis of leading players, and major drivers shaping the industry. This report provides a clear and forward-looking perspective on market size (both value and volume), emerging opportunities, and current development status helping businesses identify growth potential and make informed strategic decisions
Market Size & Forecast
✦ 2024 Market Value: US$ 8.60 Billion
✦ 2033 Projected Value: US$ 49.62 Billion
✦ CAGR (2025-2033): 21.5%
✦ Asia-Pacific: Largest market in 2024
✦ North America: Fastest-growing market
The US leads the inductive charging market with federal support and EV adoption, including the Wireless EV Charging Grant Program.
Japan is also advancing, with companies like WiTricity showcasing convenient wireless charging tech, backed by government and industry partnerships.
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Key Drivers
Rising EV Adoption and Government Support:
In 2024, India launched the PM E-DRIVE program with a US$123.48 million budget (Oct 2024-Mar 2026) to boost EV adoption via subsidies and charging infrastructure, creating opportunities for inductive charging. Alongside Japan's WiTricity demonstrations, these efforts highlight how growing EV adoption and government incentives drive the inductive charging market
In 2024, Mitsubishi Motors, MC Retail Energy, Kaluza Japan, and Mitsubishi Corporation launched a connected EV smart-charging service. A February 2024 proof of concept improved app features and service quality, showcasing Asia-Pacific's leadership in inductive and smart-charging technologies.
Siemens invested US$ 25 million to acquire a minority stake in WiTricity, a US wireless charging leader, aiming to boost EV charging innovation. North America and Europe's market is projected to hit US$ 2 billion by 2028, supported by federal funding, private investments, and strategic partnerships, positioning North America as the fastest-growing region in inductive charging.
Top Key Players:
WiTricity Corporation, Volkswagen, Wifekin - PULS GmbH, InductEV, Inc., Qualcomm Incorporate, STMicroelectronics, Power mat, Electron, HEVO inc, Plugless Power Inc
Growth Projection:
The Global Inductive Charging Market is set to witness significant growth between 2025 and 2032. While 2024 reflects steady progress, the increasing adoption of innovative strategies by leading players is expected to accelerate growth across the projected horizon. This creates a strong landscape of opportunities for businesses looking to expand, invest, and stay competitive in a rapidly evolving market.
Research Process:
The Inductive Charging Market research report by DataM Intelligence leverages both primary and secondary data sources to deliver deep insights. It explores a wide range of factors shaping the industry from government regulations, market conditions, and competitive dynamics to historical trends, technological advancements, upcoming innovations, and potential challenges. This comprehensive analysis highlights growth prospects while addressing barriers, helping businesses navigate volatility and seize new opportunities
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Market Segmentation:
Technology: The inductive charging segment represents approximately 32.4% of the global market.
By Technology: Inductive | Magnetic Resonant | Radio Frequency (RF)
By Transmission Range: Low Power ( Leass Than 15W) | Medium Power (15-50W) | High Power (Greater Than 50W)
By Component: Transmitters | Receivers
Application: Automotive | Consumer Electronics | Industrial | Healthcare | Aerospace & Defense | Others
Top Growth Regions:
⇥ 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)
Benefits of the Report:
Chapter 1: Introduces the report with an overview of coverage summarizing key market segments by region, product type, and application. It offers a clear snapshot of market size, segment-wise growth potential, and both short- and long-term industry outlook.
Chapter 2: Brings forward the most valuable market insights and reveals the game-changing emerging trends shaping the industry's future.
Chapter 3: Provides a detailed analysis of the competitive landscape among Inductive Charging covering revenue shares, strategic initiatives, and the latest mergers & acquisitions.
Chapter 4: Delivers comprehensive profiles of top players, including revenue, profit margins, product lines, and company milestones.
Chapters 5 & 6: Break down revenue performance across regions and countries, offering a precise view of market sizes, opportunities, and development prospects worldwide.
Chapter 7: Examines segmentation by type, revealing the size and potential of each category guiding businesses toward untapped, high-impact areas.
Chapter 8: Focuses on applications, evaluating how different downstream markets are growing and identifying promising sectors for expansion.
Chapter 9: Maps the entire industry supply chain, detailing both upstream and downstream activities for a holistic understanding.
Chapter 10: Concludes with key findings and the most critical takeaways giving stakeholders a clear direction for future strategies.
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FAQ's
Q1: How fast is the Inductive Charging Market growing?
A: The Market is on a robust growth path, expected to expand at a CAGR of 21.5% between 2025 and 2032.
Q2: Which Regions dominate the Inductive Charging Market?
A: In 2024, the Asia-Pacific region held 25.6% of the global inductive charging market share, In 2024, North America accounted for 22.8% of the global inductive charging market share.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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