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Global Wireless Charging for Electric Vehicle Market is Projected to Grow at a CAGR of 46.8% to USD 234 Million by 2027 - ResearchAndMarkets.com

The "Wireless Charging for Electric Vehicle Market by Power Supply (3-<11, 11-50, & >50 KW), Application (Home & Commercial), Distribution channel (Aftermarket & OE), Component, Charging System, Propulsion, Vehicle type, & Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

Increasing focus on R&D activities, rapid development of EV technology, and the ease of charging vehicles are expected to fuel the demand in wireless charging for electric vehicle market.

The rising demand for BEVs and PHEVs is expected to fuel the overall growth of the wireless charging for electric vehicle market. Increasing R&D investments by manufacturers of wireless charging systems and the growing number of partnerships and joint ventures between major OEMs and domestic players have created growth opportunities in the wireless charging for electric vehicle market. However, the high cost of upgrading to wireless charging technology may restrain the growth of the market. The transmission range of a wireless charger through electromagnetic induction and/or magnetic resonance is limited to a certain distance. This limitation of range poses a serious challenge for manufacturers, especially in the case of LCVs and SUVs with high ground clearance.

>50 KW segment is expected to grow at a significant rate during the forecast period, by power supply range.

The >50 kW segment of the wireless charging for electric vehicle market is projected to grow at the highest CAGR during the forecast period. Various incentives are provided for the development of commercial electric vehicles. Moreover, the >50 kW segment focuses on dynamic charging, which is a new and upcoming technology and has not yet commercialized. Thus, the development of dynamic charging is likely to fuel the >50 kW segment in the wireless charging for electric vehicle market.

Home Charging Station is estimated to be the largest segment of wireless charging for electric vehicle market, by charging station type.

The rising demand for BEVs and PHEVs has fueled the growth of the wireless charging for electric vehicle market. Growing environmental concerns, rising fossil fuel prices, long-term supply concerns, and improved technology have accelerated the growth of the BEV and PHEV technology. Many OEMs are now offering BEVs and PHEVs equipped with wireless power transfer technology. For instance, the new Toyota Prius, a PHEV by Toyota, is equipped with a new wireless charging system developed by WiTricity Corporation. These developments are expected to drive the home charging station segment.

Europe is estimated to be the fastest growing region in the wireless charging for electric vehicle market during the forecast period.

The availability of sound infrastructure and increasing electric vehicle sales in the region are expected to drive the wireless charging for electric vehicle market in Europe. The adoption of wireless charging technology by automotive companies such as BMW is also expected to fuel the market during the forecast period.

Reasons to Buy the Report:

The report enables new entrants and smaller firms as well as established firms to understand the market better to help them acquire a larger market share. Firms purchasing the report could use any one or a combination of the 4 strategies (market development, product development/innovation, market diversification, and competitive assessment) mentioned below to strengthen their position in the market.

The report provides insights into the following points:

  • Market Penetration: The report offers comprehensive information about the wireless charging for electric vehicle market and the top players in the market.
  • Product Development/Innovation: The report provides detailed insights into the upcoming technologies, R&D activities, and new product launches in the wireless charging for electric vehicle market.
  • Market Development: The report offers comprehensive information about the wireless charging for electric vehicle market. The report analyzes the wireless charging for electric vehicle market across regions and provides comprehensive information about lucrative emerging markets.
  • Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the wireless charging for electric vehicle market.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Package Size

1.5 Limitations

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Secondary Data

2.3 Primary Data

2.4 Market Size Estimation

2.5 Market Breakdown and Data Triangulation

2.6 Assumptions & Associated Risks

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

5.3 Wireless Charging for Electric Vehicle Market, Scenarios (2020-2027)

5.3.1 Wireless Charging for Electric Vehicle Market, Most Likely Scenario

5.3.2 Wireless Charging for Electric Vehicle Market, Optimistic Scenario

5.3.3 Wireless Charging for Electric Vehicle Market, Pessimistic Scenario

6 Industry Trends

6.1 Introduction

6.2 Porter's 5 Forces Analysis

6.3 Value Chain Analysis

6.4 Technological Analysis

7 Wireless Charging for Electric Vehicle Market, By Application

7.1 Introduction

7.2 Operational Data

7.3 Commercial Charging Station

7.4 Home Charging Unit

7.5 Key Industry Insights

8 Wireless Charging for Electric Vehicle Market, By Component

9 Wireless Charging for Electric Vehicle Market, By Charging System

10 Wireless Charging for Electric Vehicle Market, By Charging Type

11 Wireless Charging for Electric Vehicle Market, By Distribution Channel Type

12 Wireless Charging for Electric Vehicle Market, By Power Supply

13 Wireless Charging for Electric Vehicle Market, By Vehicle Type

14 Wireless Charging for Electric Vehicle Market, By Propulsion Type

15 Wireless Charging for Electric Vehicle Market, By Region

15.1 Introduction

15.2 Asia Pacific

15.3 Europe

15.4 North America

15.5 Rest of the World (RoW)

16 Competitive Landscape

16.1 Overview

16.2 Market Ranking Analysis

16.3 Competitive Scenario

16.4 Competitive Leadership Mapping

16.5 Adjacent Market Players: Competitive Leadership Mapping

16.6 Winners vs. Tail-Enders

17 Company Profiles

17.1 Witricity Corporation

17.2 Mojo Mobility

17.3 Momentum Dynamics Corporation

17.4 Elix Wireless Inc.

17.5 Efacec

17.6 Continental AG

17.7 Robert Bosch GmbH

17.8 Toshiba Corporation

17.9 Toyota Motor Corporation

17.10 Bombardier Inc.

17.11 Hella Kgaa Hueck & Co.

17.12 ZTE Corporation

17.13 Evatran Group Inc.

17.14 HEVO Inc.

17.15 Tgood Electric Co

17.16 Key Players From Other Regions

17.16.1 North America.

17.16.1.1 Wave

17.16.1.2 Lear Corporation

17.16.2 Europe

17.16.2.1 BMW

17.16.2.2 Fortum Corporation

17.16.3 Asia Pacific

17.16.3.1 Mitsubishi Electric

17.16.3.2 Hyundai

17.16.4 Rest of the World (RoW)

17.16.4.1 Electreon

17.16.4.2 NXP

17.17 Adjacent Market Players in Electric Vehicle Charging Solutions

17.17.1 North America

17.17.1.1 Leviton

17.17.1.2 Allego

17.17.1.3 Blink Charging

17.17.1.4 Clippercreek

17.17.1.5 Semaconnect

17.17.1.6 Webasto

17.17.1.7 Opconnect

17.17.1.8 EVGO

17.17.1.9 Volta

17.17.1.10 Ev Safe Charge

17.17.1.11 Chargepoint

17.17.1.12 Pulse Charge

17.17.2 Europe

17.17.2.1 New Motion B.V

17.17.2.2 Alfen

17.17.2.3 Ionity

17.17.2.4 Wallbox Ok

17.17.2.5 Heliox

17.17.2.6 Spark Horizon

17.17.2.7 BP Chargemaster

17.17.2.8 POD Point

17.17.2.9 ECOG

For more information about this report visit https://www.researchandmarkets.com/r/j06y15

View source version on businesswire.com: https://www.businesswire.com/news/home/20200114005463/en/

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