Wireless EV Charging Market is expected to reach US$ 506.58 Mn. by 2029

Wireless EV Charging Market was valued at US$ 34.48 Mn. in 2022 and is expected to reach US$ 506.58 Mn. by 2029, at a CAGR of 46.8% during a forecast period.

Wireless EV Charging Market Overview :

The latest study from Maximize Market Research, Wireless EV Charging Market, is helpful in understanding the market’s competitors. The study takes a wide and basic look at the market, as well as a look into subjective variables that could give readers valuable business insights. The report examines both broad and fundamental aspects of the market as well as intangible factors that may provide readers with important business insights. The study contains a market overview that details the applications, market size, and forecast (2021–2027) as well as the value chain structure and regional analysis. The study will be used to get a more accurate assessment of the existing and future state of the global Wireless EV Charging Market.

Wireless EV Charging Market Report Scope: 

Throughout the projected period, the study analyses a variety of factors, including worldwide Wireless EV Charging Market growth, consumer volume, market trends, and corporate pricing structures, in order to provide an analytical evaluation of the industry. The complexity of the market is in-depthly examined in the research. The research covers market characteristics, product differentiation analysis, market size, client landscape, and geographical landscape. In its research, the report takes into account the competitive landscape, current trends, breakthroughs, and development directions. The report considers development direction, current trends, breakthroughs, predictions, and the competitive environment in its research. This market has been explored in a variety of categories based on profitability and industrial base.

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Wireless EV Charging Market Dynamics:

Electric vehicles have several advantages, such as reduced fuel consumption (gasoline, diesel and natural gas) and reduced exhaust emissions, which significantly increase their global demand. It is expected that during the forecast period, electric or plug-in hybrid vehicles will accelerate the demand for wireless charging. The wireless electric vehicle charging market is taking various strategic initiatives, such as product development and collaboration, to further increases its product portfolio and global footprint. Nichicon and Qualcomm, for example, struck a strategic partnership deal. According to the terms of the agreement, Nichicon will incorporate Qualcomm Halo wireless electric vehicle charging (WEVC) technology into its product line and will focus on marketing Qualcomm Halo WEVC wireless electric vehicle charging technology for hybrid and electric vehicles. In addition, some electric vehicle manufacturers are deploying wireless charging systems in their products.

Wireless EV Charging Market Segmentation:

by Application

• Public/Commercial Charging Station
• Home Charging Unit

by Component

• Base Charging Pad
• Power Control Unit
• Vehicle Charging Pad

by Charging Type

• Dynamic Wireless Charging System
• Stationary Wireless Charging System

by Distribution Channel

• Aftermarket
• OE Market

by Propulsion

• BEV
• PHEV

by Vehicle Type

• Commercial Vehicle
• Passenger Car

by Power Supply Range

• 3–<11 kW
• 11–50 kW
• >50 kW

by Charging System

• Magnetic Power Transfer
• Capacitive Power Transfer
• Inductive Power Transfer

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Wireless EV Charging Market Key Players :

It then goes into great detail on the major rivals in the global Wireless EV Charging Market, as well as developing companies, including revenue, demand, high-quality product producers, sales, and service providers.The study also examines the value chain, price structure, import-export, raw material sources, capacity utilisation, and the industrial supply chain.This report features the following players:

• Toyota Motor Corporation
• Electroad
• Toshiba Corporation
• Lg Chem Ltd
• Witricity Corporation
• Wave
• Qualcomm, Inc.
• Bombardier Inc.
• Aerovironment Inc.
• Hella KGaA Hueck & Co.
• Evatran Group Inc.
• Mojo Mobility Inc.
• ZTE Corporation
• Elix Wireless
• Momentum Dynamics Corporation.
• HEVO Power
• Olev Technologies

Wireless EV Charging Market  Regional Insights :

The report provides in-depth insights into several development chances and hurdles in the aforementioned regions based on various commodities, applications, end-users, and nations, among other factors. The study also covers important aspects of the global market for virtual reality cameras, including sales growth, product pricing and analysis, growth potential, and solutions to specific market problems.

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COVID-19 Impact Analysis on Wireless EV Charging Market:

Nearly every company has been harmed by COVID-19, a global public health emergency, and the long-term impacts will probably have an influence on industry growth over the projected period. Our ongoing research expands our research methodologies to take into account fundamental COVID-19 issues as well as potential next stages. The study considers changes in consumer behaviour and demand, purchasing patterns, the dynamics of modern market forces, and significant government efforts while analysing COVID-19. The updated research includes market insights, analysis, estimates, and predictions based on COVID-19’s impact.

Key Questions Answered in the Wireless EV Charging Market Report are:

• Who are the key players in the Wireless EV Charging Market industry?
• In terms of the region, what is the potential market for Wireless EV Charging Market?
• In the next five years, which application area of Wireless EV Charging Market is likely to develop at a substantial rate in the market?
• What opportunities do new market entrants have?
• How big will the Wireless EV Charging Market be in 2027?
• What are the Wireless EV Charging Market’s growth prospects?
• In the Wireless EV Charging Market report, what year is considered the base year?
• In the Wireless EV Charging Market, which region has the biggest market share?
• What elements do you think will drive the Wireless EV Charging Market?

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