Wireless Electric Vehicle Charging Market Overview:
The wireless electric vehicle charging uses the inductive charging system to charge electric vehicle batteries. Electromagnetic induction is used to transfer power between the source and receiver. The growing popularity of electric vehicles due to attractive incentives and subsidies by governing bodies and improving infrastructure for electric vehicles, particularly in emerging countries, is expected to be one of the key factors driving the market over the forecast period.
Wireless Electric Vehicle Charging Market Size To Expand at a Notable CAGR Of 21% During 2019 – 2023
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Key Players in Wireless Electric Vehicle Charging Market are-
The prominent players in the global wireless electric vehicle charging market market include Plugless Power (USA), WiTricity (USA), Nission (Japan), Qualcomm, Inc. (USA), ZTE Corporation (China), ELIX Wireless (Canada), HEVO power (USA), Continental AG (Germany), Toshiba Corporation (Japan), and BMW (Germany).
Wireless Electric Vehicle Charging Market Segmentation:
The global wireless electric vehicle charging market is segmented on the basis of charging type, power supply range, charging pad, charging station, propulsion, vehicle type, application, and region.
On the basis of charging type, the market has been segmented into dynamic and stationary wireless electric charging.
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 base charging pad, power control unit and vehicle charging pad.
On the basis of charging system, the market has been segmented into home, and commercial charging system.
On the basis of propulsion type, the market has been segmented into battery and plug-in electric vehicle.
On the basis of vehicle type, the market has been segmented into passenger EV, and commercial EV.
On the basis of application, the market has been segmented into OEM and aftermarket.
Market Research Analysis:
In terms of region, the global market for wireless electric vehicle charging is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share over the forecast period owing to growing production of electric vehicles in China and Japan. Increased production and sales of automobiles is expected to boost the demand for wireless electric vehicle charging market in this region. Furthermore, the growing disposable income from countries such as China, India and other countries, and increasing population, urbanization, and rising focus to reduce the vehicle emissions.
North America is estimated to grow at a steady rate in the wireless electric vehicle charging market during forecast period owing to growing demand for environment friendly vehicles. Presence of key playes such as Plugless Power, WiTricity, Qualcomm, Inc., and HEVO power in this region are contributing to the growth of this market. Moreover, increased production and sales of electric vehicles is expected to drive the growth in this region.
Growth Drivers:
The global wireless electric vehicle charging market has seen an exponential growth during the study period. The rising production of electric vehicles globally drives the growth of wireless electric vehicle charging market. In addition, growing sales and government support for electric vehicles, stringent regulations from Europe and North America regarding vehicle emissions, and the impending implementation of the ban announced on ICE vehicles by various countries such as Germany, UK, US, China, and others are driving the growth of electric vehicle market, which in turn contributes to the growth of this market.
Scope of The Report:
This 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. The scope of the study segments the global wireless electric vehicle charging market by material, type, transmission, vehicle type, sales channel and regions.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/Supply Chain Analysis
Continue….
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