The ubiquity of wireless charging and the development of
electric vehicles and efforts by countries for lowering transmissions can
accelerate the installation of charging equipment. The move to transition from
fossil fuels amid rapid urbanization in cities can drive the need for charging
infrastructure. The global wireless electric vehicle charging market report by
Market Research Future (MRFR) takes a deep look at the changes in economic
policies, rise in production of electric vehicles, and advances in battery
development and its impact during the period of 2019 to 2025 (forecast period)
are explained in detail. The COVID-19 pandemic and its impact have also been
taken into account in the report.
Market
Scope
The global wireless electric vehicle charging market is set
to expand at a stellar growth rate over the forecast period. Major drivers
include the massive demand for environment friendly vehicles, concerns over
carbon emissions, rise in the capacity of EV batteries, and increasing interest
in dynamic electric vehicle charging (DEVC) technology. Surge in expendable
income levels of customers in India, China, Germany, and others can favor the
market growth over the forecast period. Huge demand for autonomous and
semi-autonomous vehicles and robust urbanization rate in cities can influence
the global wireless EV charging market.
But energy loss during transmission and huge costs of EVs can
hamper market growth.
Competitive
Outlook
BMW, Nission, ELIX Wireless , Continental AG, Qualcomm, Inc.,
HEVO power, Toshiba Corporation, ZTE Corporation, Plugless Power, and WiTricity
are key players of the global wireless electric vehicle charging market.
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Segmentation
The global wireless EV charging market is segmented on the
basis of charging type, power supply range, charging pad, charging station,
propulsion, vehicle type, and application.
·
On the
basis of charging type, the market has been segmented into dynamic and stationary
wireless electric charging. The dynamic electric charging segment is
anticipated to gain the lead in the global market owing to the huge need for
charging vehicles during transportation.
·
On the
basis of power supply range, the market has been segmented into
3 to <7.7 KW, 7.7 to < 11KW), 11to < 20KW, 20 to < 50 KW, 50 KW and
above.
·
Based on
charging pad, the market has been segmented into vehicle charging pad,
base charging pad, and power control unit.
·
On the
basis of charging system, the market has been divided into home and commercial
charging system.
·
On the
basis of propulsion type, the global wireless electric vehicle charging market
has been segmented into battery and plug-in electric vehicle.
·
On the
basis of vehicle type, the market has been divided into passenger EV and
commercial EV.
·
On the
basis of application, the market has been segmented into OEM and
aftermarket.
Regional
Analysis
Geographically, the global electric vehicle wireless charging
market has been segmented into four major regions namely North America, Europe,
Asia Pacific (APAC), and Rest-of-the-World (RoW). The APAC region is estimated
to hold the highest market share during the forecast period owing to growing
production of electric vehicles from China and Japan. Moreover, increased
production and sales of EVs is expected to boost the demand for wireless
electric vehicle charging market in this region. Furthermore, the growing
disposable income levels from developing economies and focus of governments in
lowering carbon emissions can influence the regional market.
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TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Wireless electric vehicle charging Market, By Segments
7.
Competitive Analysis
Continued…
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