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Wireless Electric Vehicle (EV) Charging Market Size And Forecast by 2031
Data Bridge Market Research analyses that the Global Wireless Electric Vehicle (EV) Charging Market which was USD 15 Billion in 2022 is expected to reach USD 437.86 Million by 2030 and is expected to undergo a CAGR of 52.46% during the forecast period of 2022 to 2030. Wireless Electric Vehicle (EV) Charging Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Wireless Electric Vehicle (EV) Charging Market Segmentation Analysis
Global Wireless Electric Vehicle (EV) Charging Market, By Propulsion Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Commercial EV) Charging, System (Magnetic Power Transfer, Inductive Power Transfer, Capacitive Power Transfer) Charging Type (Dynamic Wireless Charging System, Stationary Wireless Charging System, Component (Base Charging Pad, Power Control Unit, Vehicle Charging Pad, Battery Management Systems), Power Supply (3-11KW, 11-50KW, Less than 50KW) Vehicle Type (Passenger Vehicles , Commercial Vehicle, Others), Distribution Channel (Aftermarket, OEM) Charging Method (Capacitive Wireless Power Transfer (CWPT), Magnetic Gear Wireless Power Transfer (MGWPT) ,Resonant Inductive Power Transfer (RIPT), Inductive Power Transfer (IPT)) Application (Commercial Charging Stations, Home Charging Unit) – Industry Trends and Forecast to 2030.
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Which are the top companies operating in the Wireless Electric Vehicle (EV) Charging Market?
The “Global Wireless Electric Vehicle (EV) Charging Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Wireless Electric Vehicle (EV) Charging Market extension. This Wireless Electric Vehicle (EV) Charging Market report provides the information of the Top 10 Companies in Wireless Electric Vehicle (EV) Charging Market in the market their business strategy, financial situation etc.
**Segments**
- By Component: Based on components, the wireless EV charging market can be segmented into base charging pad, power control unit, and vehicle charging pad. The base charging pad is expected to dominate the market as it is the initial point where the vehicle connects for charging wirelessly.
- By Charging Type: The market can be segmented into stationary wireless EV charging and dynamic wireless EV charging. The stationary wireless EV charging segment is likely to hold a significant share owing to its convenience and ease of use for EV owners.
- By Power Supply Range: Segmentation based on power supply range includes up to 11 kW, 11-50 kW, and above 50 kW. The above 50 kW segment is expected to witness substantial growth as it enables faster charging for EVs, catering to the increasing demand for quick charging options.
**Market Players**
- Witricity Corporation: Witricity Corporation is a key player in the wireless EV charging market, offering innovative solutions for wireless power transfer technology.
- Momentum Dynamics: Momentum Dynamics specializes in wireless charging systems for electric vehicles, providing efficient and high-power charging solutions.
- Qualcomm Technologies, Inc.: Qualcomm Technologies is known for its advancements in wireless technology, including inductive charging solutions for electric vehicles.
- Powermat Technologies Ltd.: Powermat Technologies offers wireless charging solutions for various applications, including electric vehicle charging, focusing on convenience and user-friendly designs.
The Wireless Electric Vehicle (EV) Charging Market is expected to witness significant growth from 2022 to 2030, driven by the increasing adoption of electric vehicles and the focus on sustainable transportation solutions. As the market continues to expand, innovations in wireless EV charging technology are likely to drive market growth further. With advancements in components such as base charging pads and power control units, the efficiency and convenience of wireless EV charging are expected to improve, boosting market adoption rates. Additionally, the introduction of dynamic wireless EV charging solutions is anticipated to revolutionize the EV charging infrastructure, offering flexibility and increased charging options forThe Wireless Electric Vehicle (EV) Charging Market is poised for substantial growth in the coming years due to the rising demand for electric vehicles and the increasing emphasis on sustainable transportation solutions. One of the key drivers of this market expansion is the shift towards cleaner energy sources and reducing dependence on traditional fossil fuels. Governments worldwide are implementing stringent emission regulations and offering incentives to promote the adoption of electric vehicles, which, in turn, is boosting the demand for efficient charging infrastructure.
In terms of market segmentation, the components segment plays a crucial role in the wireless EV charging market. The base charging pad, which serves as the primary connection point for wirelessly charging vehicles, is expected to dominate the market. As technology advancements continue to enhance the efficiency and reliability of base charging pads, consumers are likely to prefer wireless charging solutions over traditional wired options. Moreover, the power control unit segment is also gaining traction as it enables seamless power transfer between the charging infrastructure and the vehicle.
Another significant segmentation factor is the charging type, which includes stationary and dynamic wireless EV charging. While stationary wireless charging is currently more prevalent due to its simplicity and ease of use, dynamic wireless charging solutions are gaining momentum. Dynamic wireless charging allows for on-the-go charging, especially for commercial fleet operators and public transportation systems, offering a convenient and efficient way to keep electric vehicles powered up without the need for frequent stops.
Furthermore, the power supply range segmentation is crucial in catering to the diverse charging needs of electric vehicle owners. The above 50 kW segment is anticipated to witness substantial growth as it provides rapid charging capabilities, addressing the increasing demand for quick and efficient charging solutions. As electric vehicle battery capacities increase and consumers seek faster charging times, high-power charging options are becoming increasingly essential in driving market penetration.
Key market players such as Witricity Corporation, Momentum Dynamics, Qualcomm Technologies, Inc., and Powermat Technologies Ltd. are at the forefront of driving innovation in wireless EV charging technology. These companies are continuously investing in research and development to enhance charging efficiency,**Market Players**
- ABB (Switzerland)
- Alfen N.V. (Netherlands)
- Allego B.V. (Netherlands)
- Siemens (Germany)
- EVgo Services LLC. (U.S.)
- Leviton Manufacturing Co., Inc. (U.S.)
- Continental AG (Germany)
- Qualcomm Technologies, Inc (U.S.)
- TOYOTA MOTOR CORPORATION (Japan)
- Bombardier (Canada)
- WiTricity Corporation. (U.S.)
- HELLA GmbH & Co. KGaA (Germany)
- TOSHIBA CORPORATION (Japan)
- ZTE Corporation (China)
- WiTricity Corporation (U.S.)
- Momentum Dynamics Corporation (U.S.)
- Qualcomm Incorporated (U.S.)
- Continental AG (Germany)
- Evatran Group Inc. (U.S.)
- Plugless Power Inc. (U.S.)
- Chargemaster plc (U.K.)
The Wireless Electric Vehicle (EV) Charging Market is poised for significant growth driven by the increasing adoption of electric vehicles and the global shift towards sustainable transportation solutions. Market players such as Witricity Corporation, Momentum Dynamics, Qualcomm Technologies, and Powermat Technologies are leading the charge in innovating wireless EV charging technology. With key advancements in components like base charging pads and power control units, the market is expected to witness improved efficiency and convenience in wireless charging solutions, further boosting market adoption rates. The introduction of dynamic wireless EV charging is set to revolutionize the EV charging
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Research Methodology of Data bridge Market Research:
Data Bridge Market Research typically follows a comprehensive research methodology for analyzing and reporting on market trends, including the Wireless Electric Vehicle (EV) Charging Market. The research methodology generally involves the following steps:
1. Data Collection
- Primary Research: This involves conducting interviews, surveys, and direct interactions with industry experts, market participants, and key opinion leaders. Primary data is crucial for gaining insights into the market's current dynamics, trends, and growth factors.
- Secondary Research: This includes gathering data from publicly available sources like company reports, press releases, industry journals, government publications, and reputable databases. Secondary research helps in understanding the market's historical trends and the competitive landscape.
2. Market Segmentation and Data Analysis
- Segmentation: The Wireless Electric Vehicle (EV) Charging Market is segmented based on various factors such as type, application, region, and end-user. This segmentation allows for a more detailed analysis of each Wireless Electric Vehicle (EV) Charging Market segment.
- Data Analysis: Advanced analytical tools and techniques, such as SWOT analysis, PESTLE analysis, Porter’s Five Forces analysis, and regression analysis, are used to interpret the data. These tools help in identifying key market trends, growth drivers, opportunities, and challenges.
3. Market Estimation
- Top-Down and Bottom-Up Approaches: These approaches are used to estimate and validate the market size. The top-down approach involves analyzing the overall market and then narrowing it down to specific segments, while the bottom-up approach starts from individual segments and aggregates them to estimate the total market size.
- Data Triangulation: Multiple data sources are compared and analyzed to ensure the accuracy and reliability of the market estimates.
4. Validation
- Expert Validation: The findings and market estimates are validated through discussions with industry experts and key stakeholders. This step ensures that the data and insights are accurate and reflect the market reality.
- Cross-Verification: The data is cross-verified with multiple sources to ensure consistency and accuracy.
5. Report Compilation and Presentation
- Drafting the Report: Once the data analysis is complete, the findings are compiled into a comprehensive report. The report includes a detailed analysis of market trends, forecasts, competitive landscape, and strategic recommendations.
- Final Review: The report undergoes a final review to ensure that it meets the quality standards and provides valuable insights to the clients.
6. Ongoing Updates
- Continuous Monitoring: The market is continuously monitored, and the reports are updated periodically to reflect the latest market trends and developments.
This structured approach ensures that the research conducted by Data Bridge Market Research is thorough, accurate, and provides actionable insights for stakeholders in the Wireless Electric Vehicle (EV) Charging Market.
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