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Wireless Electric Vehicle Charger Market Insights - Global Analysis and Forecast by 2027
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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.
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.
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.
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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