Powering the Future: Unleashing the Potential of the Wireless Electric Vehicle Charging Market

According to the new market research report "Wireless Charging for Electric Vehicle Market by Power Supply (3–50 KW), Application (Home & Commercial), Distribution channel (Aftermarket & OE), Component, Charging system, Propulsion, Vehicle type, & Region - Global Forecast to 2027", published by MarketsandMarkets™, The Wireless Charging for Electric Vehicle Market is projected to grow at a CAGR of 46.8% during the forecast period, to reach USD 234 million by 2027 from USD 16 million in 2020.Browse and in-depth TOC on "Wireless Charging for Electric Vehicle Market"     163 - Tables61 - Figures203 - PagesThe increasing demand and sales of electric vehicles, government regulations to curb emission, and rapidly developing infrastructure are expected to drive the growth of the Wireless Charging for Electric Vehicle Market.

For instance, the Chinese government provides subsidies of RMB 55,000 on the purchase of a passenger BEV and RMB 30,000 for a PHEV.Dynamic charging is estimated to be the fastest-growing segment of Wireless Charging for Electric Vehicle MarketDynamic charging is estimated to be the fastest-growing segment of Wireless Charging for Electric Vehicle Market.

With benefits such as no waiting time for charging a vehicle, dynamic charging technology has become popular in the electric vehicle industry.

Wireless charging system manufacturer Electreon occupies a 3,000 sqm facility near Tel Aviv with a 260-meter circular test road.

The wireless power transfer technology includes a unique DWPT system (Dynamic Wireless Power Transfer) Road infrastructure - coils placed under the road at the center of the traffic lane.

Reduced price of the battery and improving sales of electric vehicles would also contribute to the growth in this region.The Wireless Charging for Electric Vehicle Market is dominated by globally established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), WiTricity Corporation (US), ZTE Corporation (China), and HELLA KGaA Hueck & Co. (Germany).Browse Related Reports:Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle (PC, CV), Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation, and Region - Global Forecast to 2025Electric Commercial Vehicle Market by Propulsion (BEV, HEV, PHEV, & FCEV), Vehicle Type (Bus, Truck, Pick-Up Truck, and Van), Component, Range, Autonomous Vehicle, Charging Infrastructure, and Region - Global Forecast to 2025About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Global Wireless Electric Vehicle Charging Market, by Technology (Magnetic resonance, Inductive charging), by Component (Battery, AC/DC power adapter, Power distribution box), - Forecast 2027Market Synopsis:The wireless electric vehicle charging market is evolving rapidly with the growing sales of Electric Vehicles (EVs).

The market is witnessing significant growth in recent years.

Increasing demand for dynamic electric vehicle charging (DEVC) technology, surging number of long-distance driven by electric vehicles, and growing concern over safety in electric vehicles are some the key driving factors for the growth of this market.According to Market Research Future (MRFR), the size of global wireless electric vehicle charging would increase exponentially by the end of 2027.

Rising prices and scarcity of fossil fuel are presaging that electric vehicles would be best suitable alternative for fossil fuels for the future.

Conversely, the high cost of these chargers and energy loss during transmission are some of the factors impeding the growth of this market.Key Players:Some of the major players in Global Wireless electric vehicle charger Market include ABB (Switzerland), Leviton (U.S.), WiTricity Corporation (U.S), Convenient Power HK Limited (Hong Kong), Siemens (Germany), Delphi Automotive (U.K.), Qualcomm (U.S.), and Bosch Group (Germany) among others.Market Segmentation:The Wireless Electric Vehicle Charger Market report is segmented into eight key market dynamics to widen the scope of understanding,By Charging Type: Dynamic and Stationary Wireless Electric ChargingBy Charging Pad: Base Charging Pad, Power Control Unit, and Vehicle Charging Pad, among others.By Power Supply Range: 3 to <7.7 KW, 7.7 to < 11KW, 11to < 20KW, 20 to < 50 KW, 50 KW, and aboveBy Charging System: Home and Commercial Charging System.By Propulsion Type: Battery and Plug-in Electric Vehicle.By Vehicle Type: Passenger EV and Commercial EV.By Application: OEM and Aftermarket.By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.Regional Insights:The Asia Pacific region dominates the global wireless electric vehicle charging market with the largest share.

Owing to the growing production of electric automobiles from China and Japan, the region is estimated to continue its dominance throughout the review period.

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 ScopeThe 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.

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.Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/7214 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.

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.

The Global Wireless Electric Vehicle Charging Market size is estimated to be USD 30.9 million in 2019 and is predicted to reach USD 213.7 million by 2030 with a CAGR of 19.2% from 2020-2030.Wireless Electric Vehicle Charging is a technology which transfers the energy from the source to the consuming device without cables.

It is one of the recent developed technologies which is gaining popularity and offer various benefits as compared to the traditional method over the period of time.

There has been increased inclination towards the use of electric vehicles and this technology creates safe, reliable and efficient way to charge the vehicle on a daily basis.Access Full Description of this report at:- https://www.nextmsc.com/report/wireless-electric-vehicle-charging-market Top Companies: Continental AG, Qualcomm Inc., Robert Bosch Gmbh, Texas Instruments Inc., Toyota Motor Corporation, Witricity Corporation, Powermat Technologies Ltd, Elix Wireless, Evatran Group Inc, and Toshiba Corporation and others.The global wireless electric vehicle charging market share is analysed on the basis of power source, installation, distribution channel, vehicle type, and geography.

Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.Request sample copy of this report at:- https://www.nextmsc.com/wireless-electric-vehicle-charging-market/request-sample North America denotes a higher adoption of the wireless electric vehicle charging and is anticipated hold the highest market share during the forecast period.

This is attributable to the factors including presence of well-established infrastructure, increased inclination towards hybrid vehicles, and technological advancements.

Asia Pacific is also expected to contribute the overall market growth with rapid growth rate and considerable growth in market share owing to the high fuel prices and maturation of oil wells.

Wireless Electric Vehicle Charging Market Research Report: Information by Charging Type (Dynamic and Stationary), Power Supply Range (3 to <7.7 KW, 7.7 to < 11KW, 11to < 20KW, 20 to < 50 KW, and 50 KW and above), Charging Pad, Charging System, Propulsion Type, Vehicle Type, Application, Region - Global Forecast till 2023One of the major driver for the growth of Wireless Electric Vehicle Charger Market includes the increasing manufacture and sales electric vehicle, majorly in passenger car segment.

There is also increased investment made in technologies related to smart cities.

Despite the factors driving the market growth, certain factors such as lack of standardization are hindering the growth of wireless electric vehicle charger Market.Key Players:Some of the major players in Global Wireless electric vehicle charger Market include ABB (Switzerland), Leviton (U.S.), WiTricity Corporation (U.S), Convenient Power HK Limited (Hong Kong), Siemens (Germany), Delphi Automotive (U.K.), Qualcomm (U.S.), and Bosch Group (Germany) among others.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1087Wireless Electric Vehicle Charger Global Market – SegmentationSegmentation by technology: inductive charging, conductive charging, dynamic charging, magnetic resonance, among others.Segmentation by component: electromagnetic induction, wireless power receiver, rectifies, power distribution box, vehicle receiver unit, ground transmission unit, and battery, among othersSegmentation by region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.Wireless Electric Vehicle Charger Global Market – Regional AnalysisNorth-America is one of the leading regions where the wireless electric vehicle charger market is used extensively.

The region is also supposed to have the largest share of market among all the regions, majorly due to government initiatives of reducing natural gas and petroleum usage in vehicles which is expected to create a profitable market for wireless electric vehicle charging market.Scope of the ReportThis study provides an overview of the global wireless electric vehicle charging market, tracking four market segments across four geographic regions.

The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World.

The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the electric vehicle charging stations market include AeroVironment, Inc., ABB, BP Chargemaster, ChargePoint, Inc., ClipperCreek, Inc., Eaton Corp., General Electric Company, Leviton Manufacturing Co., Inc., SemaConnect, Inc., Schneider Electric, Siemens AG.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Electric Vehicle Charging Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/electric-vehicle-charging-stations-market/download-sampleMarket DynamicsThe global electric vehicle charging stations market is projected to witness impressive growth during the forecast period.

Rising electrification of vehicles due to a decline in fossil fuel reserves, significant import debt burden, and increasing carbon footprint is foreseen to amplify market growth.

Growing initiatives by the government and companies to bring more vehicles on the road will spur market growth further.

Governments and companies invest heavily in developing and expanding electric vehicle commercialization to get them all on the road and electric vehicle charging stations.