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41.4% CAGR Wireless Electric Vehicle Charging Market Size to Reach $207.4 Million by 2030

11-02-2023 12:37 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Analytics LLP

41.4% CAGR Wireless Electric Vehicle Charging Market Size

As per the report published by Allied Market Research, the global wireless electric vehicle charging market size was accounted for $6.85 million in 2020, and is estimated to reach $207.41 million by 2030, growing at a CAGR of 41.4% from 2021 to 2030.

๐™‚๐™š๐™ฉ ๐™ž๐™ฃ๐™จ๐™ž๐™™๐™š ๐™Ž๐™˜๐™ค๐™ค๐™ฅ ๐™ค๐™› ๐™ฉ๐™๐™š ๐™ง๐™š๐™ฅ๐™ค๐™ง๐™ฉ, ๐™ง๐™š๐™ฆ๐™ช๐™š๐™จ๐™ฉ ๐™›๐™ค๐™ง ๐™จ๐™–๐™ข๐™ฅ๐™ก๐™š: - https://www.alliedmarketresearch.com/request-sample/5224

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ถ๐˜‡๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜

Rise in sales of electric vehicles in European countries and surge in demand for wireless electric vehicles charging solutions have boosted the growth of the global wireless EV charging market. However, expensive integration and high upfront cost of wireless electric vehicle charging hinder the market growth. On the contrary, rise in demand for high power contactless inductive charging would open new opportunities for the market players in the future.

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 3-50 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.

๐—ง๐—ต๐—ฒ ๐—ž๐—ฒ๐˜† ๐—ฃ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€

Robert Bosch GmbH
Evatran Group Inc.
Qualcomm Inc.
EVATRAN GROUP Toyota Motor Corporation
Powermat Technologies Ltd.
Texas Instruments Inc.
Continental AG
Toshiba Corporation.
Elix Wireless
Witricity Corporation
Covid-19 scenario:

The Covid-19 pandemic negatively affected the automotive sector due to prolonged lockdown and reduced investment in developing electric vehicle charging infrastructure.
Covid-19 pandemic resulted in fall in business confidence and disruption of supply chain. Thus, stakeholders and OEMs had to adopt innovative business models amidst the pandemic.
The report divides the global wireless electric vehicle charging market on the basis of vehicle type, distribution channel, charging method, installation, power source, and region.

๐™๐™ค ๐™‹๐™ช๐™ง๐™˜๐™๐™–๐™จ๐™š ๐™ฉ๐™๐™ž๐™จ ๐™‹๐™ง๐™š๐™ข๐™ž๐™ช๐™ข ๐™๐™š๐™ฅ๐™ค๐™ง๐™ฉ:- https://www.alliedmarketresearch.com/wireless-electric-vehicle-charging-market/purchase-options

Based on vehicle type, the CEV segment held the largest share in 2020, accounting for nearly two-fifths of the market. However, the BEV segment is projected to manifest the highest CAGR of 43.0% during the forecast period.

๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐˜ ๐—ฅ๐—ฒ๐˜ƒ๐—ถ๐—ฒ๐˜„

On the basis of distribution channel, the aftermarket segment held the lion's share in 2020, contributing to more than three-fifths of the market. However, the OEMS segment is estimated to portray the highest CAGR of 42.2% from 2021 to 2030.

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.

๐™ˆ๐™–๐™ ๐™š ๐™– ๐™‹๐™ช๐™ง๐™˜๐™๐™–๐™จ๐™š ๐™„๐™ฃ๐™ฆ๐™ช๐™ž๐™ง๐™ฎ:- https://www.alliedmarketresearch.com/purchase-enquiry/5224

The report offers an analysis of the market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe held the lion's share in 2020, accounting for more than half of the market. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 42.6% during the forecast period.

The global wireless electric vehicle charging market report includes an in-depth analysis of the prime market players such as Continental ag, IPT technology inc., Nidec mobility corporation, Evatran group (plugless), Powermat technologies, Renesas electronics, Robert Bosch Gmbh, Qualcomm technologies, Toyota motor corporation, and Witricity.

๐’๐ข๐ฆ๐ข๐ฅ๐š๐ซ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐–๐ž ๐‡๐š๐ฏ๐ž ๐จ๐ง Electric Vehicle :

Electric Vehicle (EV) Charging Station Infrastructure Market - https://www.alliedmarketresearch.com/electric-vehicle-charging-station-infrastructure-market

Electric Mobility Scooter Market - https://www.alliedmarketresearch.com/electric-mobility-scooter-market

Electric Vehicle Charging Systems Testing Market - https://www.alliedmarketresearch.com/electric-vehicle-charging-systems-testing-market

1209 Orange Street,
Corporation Trust Center,
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Delaware 19801 USA.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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