PUBLISHER: Allied Market Research | PRODUCT CODE: 1097737
PUBLISHER: Allied Market Research | PRODUCT CODE: 1097737
Wireless power transmission involves the transfer of electrical power from transmitter to receiver without any wired connection. Introduction of smart charging mats and newly launched ground pads, specifically for electric vehicles increases the demand for wireless charging systems globally.
Increase in sales of electric vehicles (EVs), constant advancements in portable electronics as well as wearables, and frequent need for harvesting ambient RF energy are expected to drive the growth of the global wireless electric vehicle charging market during the forecast period. However, expensive technology for its integration and slower charging as compared to other charging technologies hamper the market growth.
The OEMs and governments emphasize on electric vehicles usage as an effort to reduce tail pipe emissions. With the increase in demand for electric vehicles, the requirement for charging stations is expected to significantly increase in the near future. As the plug-in charging stations take longer hours for charging, the on-the-go wireless electric vehicle chargers can cater to the need and provide range extension. The wireless charging has high applications for cars as well as for commercial fleets; thus, fostering the growth of the wireless electric vehicle charging market.
The wireless electric vehicle charging market is based on the transmission of energy from a power source to a consuming device without wires or cables. It is a reliable, convenient, and safe technology to power and charge electric vehicles. In addition, it provides efficient, cost-effective, and safe advantages over the traditional charging systems by eliminating the use of physical connectors and cables. With the rise in trend and focus toward autonomous ride sharing, the wireless electric vehicle charging market size is expected to increase and will be the most viable option for the OEMs segment or the autonomous fleet operators.
Higher adoption from OEMs is anticipated to boost the wireless electric vehicle charging market. However, expensive technology for its integration and slower charging as compared to other charging technologies are expected to hamper the growth of the market.
The wireless electric vehicle charging market is segmented on the basis of power source, charging methods, installation, distribution channel, vehicle type, and region. The power source segment is further divided as 3-<11 kW, 11-50 kW, and >50 kW based on the power output requirement for wireless charging. On the basis of charging methods, the market is segmented into capacitive wireless power transfer (CWPT), magnetic gear wireless power transfer (MGWPT), resonant inductive power transfer (RIPT), and inductive power transfer (IPT). Home and commercial installation types are covered on the basis of installation. Depending on the distribution channel, the market is bifurcated into OEMs and aftermarket. By vehicle type, the market is further divided into battery electric vehicles (BEV), plug-in hybrid electric vehicle (PHEV), and commercial electric vehicles. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players profiled in the wireless electric vehicle charging market report include, IPT technology inc., Continental ag, Evatran group (plugless), Nidec mobility corporation, Renesas electronics, Powermat technologies, Qualcomm technologies, Robert Bosch Gmbh, Texas instruments, Toyota motor corporation, and Witricity. Competitive analysis and profiles of major market players is included in the report.
By Distribution Channel
By Charging Method
By Installation
By Vehicle Type
By Power Source
By Region