Press release
Wireless Electric Vehicle Charging Market Is Estimated To Surge Ahead At A Cagr Of 90% From 2025 To 2034
Wireless Electric Vehicle Charging Market
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➤ Market Size
• The Wireless Electric Vehicle Charging Market was valued at ≈ USD 14 million in 2021.
• It expanded to around USD 63 million in 2022, showing strong initial growth.
• The market is projected to reach ≈ USD 450 million by 2030.
• This reflects a very high compound annual growth rate (CAGR) of approximately 90% from 2022 to 2030.
• Europe currently holds the largest share, while Asia-Pacific is the fastest-growing region in adoption and deployment.
➤ Market Overview
• Wireless EV charging transfers power to a vehicle without cables, using electromagnetic induction technology that eliminates the need for plug-in connectors.
• A transmitter (ground/base pad) and receiver (vehicle pad) system enables power flow when the vehicle is properly aligned.
• This contactless approach provides a safe, convenient, low-maintenance charging experience compared to conventional wired systems.
• Wireless systems can support power levels up to ~11 kW (similar to Level-2 chargers), making them suitable for residential and commercial use.
• The technology trend is gaining traction as electric vehicles become mainstream and range-anxiety solutions are prioritized.
➤ Key Market Growth Drivers
➤ EV Electrification & Charging Demand
• Rapid EV adoption globally increases the need for more intuitive and user-friendly charging options, including wireless solutions.
• Wireless charging removes cable hassles and supports urban and fleet use cases.
➤ Technology Improvements
• Advancements in induction coils, power control units, and management systems improve efficiency and reliability.
• Increasing R&D investments by OEMs and tech firms expand wireless charging capabilities.
➤ Pilot Deployments & Policy Support
• Pilot projects and feasibility studies by OEMs and governments accelerate adoption.
• Regions with EV infrastructure goals integrate wireless solutions into broader smart city initiatives.
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➤ Analysis of Key Players - Key Player Strategies
• Toyota Motor Corporation - exploring advanced wireless power transfer tech and dynamic charging concepts.
• TGOOD Global Ltd & Toshiba Corporation - developing core hardware and systems for commercial deployment.
• Momentum Dynamics Corporation - focusing on high-efficiency charging pads and base station technology.
• Robert Bosch GmbH, Tesla, Continental AG & others - collaborating with vehicle OEMs to integrate wireless systems with EV platforms.
• WiTricity Corporation, Qualcomm Technologies, Renesas Electronics, Powermat Technologies, Nidec Mobility Corporation, Evatran Group - advancing inductive and resonant wireless EV technologies.
• Major companies adopt strategies such as R&D investment, partnerships with automakers, and technology licensing to strengthen market participation.
➤ Market Challenges & Opportunities
➤ Challenges
• High development costs for advanced wireless charging infrastructure and pad installations.
• Alignment & Efficiency Issues: Wireless systems require precise vehicle placement to maximize power transfer, which can be a technical barrier.
• Infrastructure Scaling: Achieving widespread availability demands significant investments from stakeholders.
➤ Opportunities
• Static vs. Dynamic Charging: Static wireless charging (park-and-charge) is gaining widespread pilot adoption; dynamic (charging on the move) represents next-generation opportunity.
• Commercial Fleet Use Cases: Taxi fleets, shared mobility, and public transport fleets are ideal early adopters of wireless charging.
• Integration with Smart Infrastructure: Opportunities exist in connecting wireless charging with smart grids and parking systems.
➤ Key Player Strategies
• Innovation & Patents: Investing in proprietary wireless charging technologies and power management systems.
• Collaborations: Strategic partnerships with automakers and infrastructure providers to integrate wireless charging into EV ecosystems.
• Portfolio Development: Companies expand offerings by introducing dynamic/static options, various power supply ranges, and modular solutions.
• Regional Expansion: Firms target growth in Asia-Pacific and Europe by aligning with EV adoption and pilot project initiatives.
➤ Recent Developments (use as it is from report RD)
• May 2021: At the Austin, Texas Flex contract manufacturing plant, HEVO developed a ground-based pad and began production with an expected order for ~200 units in Q1 2021.
• December 2021: Toyota Motor Corporation announced plans to develop advanced wireless power transfer technology to charge vehicles even while driving, incorporating charging mechanisms into highways and city roads.
➤ Investment Landscape and ROI Outlook
• The market holds strong investment potential due to its high CAGR (~90%) and expanding EV ecosystem demand.
• Wireless charging appeals to infrastructure investors seeking next-generation EV solutions with commercial and fleet applications.
• ROI benefits arise from pilot deployment contracts, infrastructure leases, and recurring service/maintenance revenues.
• Increased government support for zero-emission transport infrastructure enhances investment attractiveness.
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➤ Market Segmentations (with region)
➤ By Power Supply
• Less than 11 kW
• 11 kW to 50 kW
• More than 50 kW
➤ By Type
• Static Wireless EV Charging Systems
• Dynamic Wireless EV Charging Systems
➤ By Component
• Base Pads
• Vehicle Pads
• Power Control Units
• Battery Management Systems
➤ By Technology
• Capacitive Wireless EV Charging
• Permanent Magnet Gear Wireless EV Charging
• Inductive Wireless EV Charging
• Resonant Inductive Wireless EV Charging
➤ By Propulsion
• Battery-Electric Vehicles (BEV)
• Plug-in Hybrid EVs (PHEV)
➤ By Application
• Commercial Charging
• Residential Charging
➤ By Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
➤ Why Buy This Report?
• Includes detailed market size, historic data, and high-growth forecasts to 2030 with a significant CAGR.
• Provides competitive analysis and profiling of major players shaping the wireless charging landscape.
• Offers segmentation insights across types, technologies, components, propulsion systems, applications, and regions.
• Helps identify growth drivers, challenges, and opportunities for infrastructure investors and EV ecosystem stakeholders.
• Supports strategic decision-making, investment planning, and product development roadmaps for OEMs and technology firms.
➤ FAQs
Q. ➤ What is the current size of the Wireless Electric Vehicle Charging market?
• The market was valued at around USD 14 million in 2021 and rose to approximately USD 63 million in 2022.
Q. ➤ What is the expected CAGR of this market?
• The market is projected to grow at a CAGR of around 90% from 2022 to 2030.
Q. ➤ Which region currently leads the market?
• Europe was the largest revenue-generating region in 2021, driven by EV adoption and pilot projects.
Q. ➤ Who are the major players operating in this market?
• Key players include Toyota Motor Corporation, TGOOD Global Ltd, Toshiba, Momentum Dynamics Corporation, Robert Bosch GmbH, Tesla, Continental AG, WiTricity Corporation, Qualcomm Technologies, Renesas Electronics, Powermat Technologies, Nidec Mobility Corporation, and Evatran Group.
Q. ➤ What are the top applications for wireless EV charging?
• The primary applications are commercial charging systems (fleet & public infrastructure) and residential charging installations.
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➤ Conclusion
The Wireless Electric Vehicle Charging Market is poised for extraordinary expansion, rising from roughly USD 14 million in 2021 to around USD 450 million by 2030 at an approximate 90% CAGR, driven by rising EV adoption, pilot infrastructure projects, and technological innovation in power transfer systems. Wireless systems eliminate cable dependency and offer user convenience, attracting both commercial and residential demand. Key players such as Toyota, Tesla, WiTricity, Bosch, Qualcomm, and Continental are advancing solutions through R&D and strategic partnerships. With Europe leading and Asia-Pacific accelerating adoption, the market presents strong investment opportunities in next-generation charging infrastructure.
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About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
CMI is a one-stop solution for data collection and investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts advise clients on aspects such as strategies for future estimation, forecasting, opportunities to grow, and consumer surveys.
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