Impact of Covid-19 on Wireless Electric Vehicle Charging Market 2020: Prosperous Growth, Recent Trends and Demand by Top Vendors- Toshiba Corporation, Plugless Power

 

A new market study, titled “Global Wireless Electric Vehicle Charging Market Size, Status and Forecast 2023” has been featured on Market Research Future. MRFR emphasizes that the global market is expected to grow significantly, securing a substantial market valuation and a healthy CAGR over the review period.

Drivers and Restraints

During the study era, the global wireless EV charging market observed exponential growth. Increasing electric vehicle development is pushing the wireless electric vehicle charging market to expand globally. Growing demand for dynamic electric vehicle charging (DEVC) technology, growing long-distance driving by electric vehicles, increasing demand for environmentally friendly vehicles, and increasing concern for safety in electric vehicles are the main driving factors for the growth of this sector. The augmented cost and energy loss during transmission are acknowledged as the critical impeding factors for the growth of this market.

Competition between wireless electric vehicle charging manufacturers and government funding for EVs has enabled manufacturers to develop the network across various regions as per government regulations, which is considered one of the critical factors accountable for the growth of this sector. The growing uses of the electric vehicle's lithium-ion battery would likely drive the wireless EV charging market during the study period.

Competitive Analysis

The key market players operating in the global market as acknowledged by MRFR are Toshiba Corporation (Japan), Plugless Power (USA), WiTricity (USA), Qualcomm, Inc. (USA), ZTE Corporation (China), ELIX Wireless (Canada), HEVO power (USA), Nission (Japan), Continental AG (Germany), and BMW (Germany).

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Segmental Analysis

The global wireless electric vehicle charging market is segmented based on the power supply range, charging type, charging station, charging pad, propulsion, vehicle type, application, and region.

·         Based on the charging type, the market has been divided into dynamic and stationary wireless electric charging. 

·         Based on the power supply range, the market has been segmented into 20 to < 50 KW, 3 to <7.7 KW, 11to < 20KW, 7.7 to < 11KW), and 50 KW and above. 

·         Based on the charging pad, the market has been segmented into the power control unit, based charging pad, and vehicle charging pad. 

·         Based on the charging system, the market has been divided into home and commercial charging system.

·         Based on the propulsion type, the market has been bifurcated into the battery and plug-in electric vehicle. 

·         Based on the vehicle type, the market has been divided into passenger EV and commercial EV. 

·         Based on the application, the market has been bifurcated into OEM and aftermarket.

Wireless Electric Vehicle Charging Market@ https://stockmarketfunda.com/2020/11/11/impact-of-covid-19-on-wireless-electric-vehicle-charging-market-2020-prosperous-growth-recent-trends-and-demand-by-top-vendors-toshiba-corporation-plugless-power/     

Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world. Due to the rising demand for environmentally friendly vehicles, North America is expected to rise at a steady pace on the wireless electric vehicle charging market during the forecast period. The presence of key players in this area, such as Plugless Power, WiTricity, Qualcomm, Inc., and HEVO technology, contributes to this market development. In addition, heightened electric vehicle production and sales are expected to drive growth in this region.

Major Highlights of TOC Covers:

1.      Executive Summary

2.      Key Business Trends

3.      Regional Trends and Growth

4.      Wireless electric vehicle charging Market Segmentation

5.      Company Profiles

6.      Business Overview

7.      Financial Data

8.      Product Landscape

9.      Strategic Outlook

10.  SWOT Analysis

11.  Regional Wireless electric vehicle charging Market Share

12.  Revenue and Sales Forecast

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