Report Code : A04861
By power source, the 11 to 50 kW segment dominated the global market in 2020 in terms of revenue. By vehicle type, the battery electric vehicle (BEV) segment is expected to lead the market growth during the forecast period. Europe was the highest revenue contributor in 2020 and it is anticipated to dominate the market share by 2030.
Prateek Yadav - Lead Analyst
Automotive and Transportation at Allied Market Research
According to a new report published by Allied Market Research, titled, “Wireless Electric Vehicle Charging Market," The wireless electric vehicle charging market was valued at $6.9 million in 2020, and is estimated to reach $207.4 million by 2030, growing at a CAGR of 41.4% from 2021 to 2030.
According to a recent report published by Allied Market Research, titled, “Wireless Electric Vehicle Charging Market by Technology Type, Application, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global wireless EV charging market was valued at $6.9 million in 2020, and is projected to reach $207.4 million by 2030, registering a CAGR of 41.4%.
Presently, the global wireless electric vehicle charging market is dominated by Europe followed by Asia-Pacific, North America, and LAMEA. In Asia-Pacific, the market is mainly driven by China owing to the optimistic market scenario for electric vehicles in the region. India is foreseen to witness considerable growth in wireless electric vehicle market during the forecast period owing to the growing electric vehicle penetration.
The wireless electric vehicle charging market is segmented on the basis of power source, charging method, installation, distribution channel, vehicle type and region. The wireless charging for electric vehicle market is segmented on the basis of power source, charging method installation, distribution channel, vehicle type, and region. The power source segment is divided into 3-<11 kW, 11–50 kW, and >50 kW. By charging method, the market is segmented into CWPT, MGWPT, RIPT, and IPT. By installation, the market is bifurcated into home and commercial. Depending on distribution channel, it is segregated into OEMs and aftermarket. The vehicle type segment is classified into battery electric vehicles (BEV), plug-in hybrid electric vehicle (HEV), and commercial electric vehicles. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
Furthermore, increase in sales of EVs in prominent European countries, such as Germany, the Netherlands, France, Denmark, Sweden, and in countries having above average growth is expected to supplement the market growth. Factors, such as increase in sales of electric vehicles (EVs), growing demand for wireless electric vehicle charging solutions, and demand for high power contact less inductive charging are expected to boost the wireless electric vehicle charging market during the forecast period. However, expensive integration and high upfront cost of wireless electric vehicle charging are expected to hinder the market growth during the forecast period.
Covid-19 Impact Analysis:
COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge. Lockdown measures have helped to contain the spread of coronavirus, but exacted an immense economic toll. On the business side, the automotive sector is among the hardest hit. Following the pattern witnessed in countries where COVID-19 spread earlier, lockdown measures and other restrictions have impacted the requirement for electric vehicle charging infrastructure considerably. Furthermore, coronavirus has introduced unexpected challenges within the automotive, electric mobility and charging infrastructure sectors. OEMs and other stakeholders are adopting innovative business models amid post-COVID-19.
KEY FINDINGS OF THE STUDY
The key market players profiled in the wireless charging for electric vehicle market report include, IPT Technology Inc., Continental AG, Evatran Group (Plugless), Nidec Mobility Corporation, Renesas Electronics, Powermat technologies, Qualcomm Technologies, Robert Bosch Gmbh, Texas Instruments, Toyota Motor Corporation, and Witricity which are operating efficiently in the market.
Talk to David (Europe)
Talk to Sona Padman (Americas)
5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91 2066346060
Fax: +1(855) 550-5975
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com
Wireless Electric Vehicle Charging Market by Vehicle Type (BEV, PHEV, CEV), by Distribution Channel (OEMS, AFTERMARKET), by Charging Method (CWPT, MGWPT, RIPT, IPT), by Installation (Home, Commercial), by Power Source (3?11 KW, 11–50 KW, >50 KW): Global Opportunity Analysis and Industry Forecast, 2020-2030
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Buy Full Version
"Wireless Electric Vehicle Charging Market"
Purchase Enquiry
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers