Wireless Electric Vehicle Charging Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Vehicle Type ; By Charging Method ; By Power Supply ; By Distribution Channel ; By Application ; By Region

Description

Global Wireless Electric Vehicle Charging (WEVC) Market Size Zooming 8X to Reach USD 205.65 Million by 2029

Global Wireless Electric Vehicle Charging (WEVC) Market is flourishing due to an increasing demand for electric vehicles (EVs), advancements in wireless charging technology, government incentives, and growing environmental awareness.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Wireless Electric Vehicle Charging (WEVC) Market size at USD 24.6 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Global Wireless Electric Vehicle Charging (WEVC) Market size to grow at a robust CAGR of 42.46% reaching a value of USD 205.65 million by 2029. The Global Wireless Electric Vehicle Charging (WEVC) Market is propelled by an increasing demand for convenient and efficient charging solutions, fostering EV adoption. Technological advancements, such as improved charging efficiency and interoperability, contribute to market growth. Government incentives promoting sustainable transportation and a growing emphasis on reducing carbon emissions further drive the Global WEVC Market. The automotive industry's shift toward EVs, along with rising environmental awareness, accelerates the adoption of wireless charging infrastructure globally.

Opportunity - Accelerated adoption propelled by government backing

Global Wireless Electric Vehicle Charging (WEVC) Market surges with initiatives and incentives. Governments worldwide are fueling the growth of the WEVC market through strategic initiatives and incentives. Robust support, including financial incentives, regulatory frameworks, and infrastructure development, is driving the rapid adoption of wireless charging solutions. The government backing not only stimulates market expansion but also encourages sustainable transportation, fostering a dynamic ecosystem for the global WEVC market.

Impact of Escalating Geopolitical Tensions on Global Wireless Electric Vehicle Charging (WEVC) Market

Escalating geopolitical tensions, such as the Russia-Ukraine war, have adversely impacted the Global Wireless Electric Vehicle Charging (WEVC) Market. Uncertainties surrounding the conflict disrupt supply chains, hampering the production and distribution of WEVC infrastructure components. Increased political instability raises investment risks, deterring potential stakeholders and hindering market growth. Also, trade restrictions and economic sanctions imposed due to geopolitical tensions can impede the flow of essential materials and technologies crucial for the advancement of wireless charging systems. The resultant geopolitical uncertainties create an environment of caution, affecting the decision-making process of market participants and slowing down the overall expansion of the Global WEVC Market.

Global Wireless Electric Vehicle Charging (WEVC) Market - By Application

Based on application, Global Wireless Electric Vehicle Charging (WEVC) Market is divided into Commercial Charging Stations and Home Charging Unit segments. The commercial charging stations segment leading the Global Wireless Electric Vehicle Charging (WEVC) Market. As the demand for EVs rises, businesses and public spaces increasingly invest in robust charging infrastructure. The surge in commercial charging infrastructure caters to the expanding fleet of EVs, promoting sustainable transportation solutions. Simultaneously, the home charging unit segment continues to gain traction, as residential charging solutions become more accessible, contributing to the overall advancement of WEVC technology.

Competitive Landscape

Global Wireless Electric Vehicle Charging (WEVC) Market is fiercely competitive. Major companies in the market include ABB, Alfen N.V., Siemens, EVgo Services LLC, Leviton Manufacturing Co., Inc., Continental AG, Qualcomm Technologies, Inc., Toyota Motor Corporation, and Bombardier. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Global Wireless Electric Vehicle Charging (WEVC) Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Wireless Electric Vehicle Charging (WEVC) Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Global Wireless Electric Vehicle Charging (WEVC) Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC231060

1. Research Framework

1.1. Research Objective
1.2. Application Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Wireless Electric Vehicle Charging (WEVC) Market Insights

3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
  - 3.1.2.1. Increasing adoption of electric vehicles (EVs)
  - 3.1.2.2. Technological advancements
- 3.1.3. Restraints
  - 3.1.3.1. Initial high costs associated with installing wireless charging systems
  - 3.1.3.2. Infrastructure challenges
- 3.1.4. Opportunities
  - 3.1.4.1. Government initiatives and incentives
  - 3.1.4.2. Growing environmental concerns
- 3.1.5. Challenges
  - 3.1.5.1. Standardization issues
  - 3.1.5.2. Limited range and efficiency
3.2. Technological Advancements/Recent Developments
3.3. Regulatory Framework
3.4. Porter's Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry

4. Global Wireless Electric Vehicle Charging (WEVC) Market Overview

4.1. Market Application & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Vehicle Type
  - 4.2.1.1. Battery Electric Vehicle (BEV)
  - 4.2.1.2. Plug-In Hybrid Electric Vehicle (PHEV)
  - 4.2.1.3. Commercial EV
- 4.2.2. By Charging Method
  - 4.2.2.1. Capacitive Wireless Power Transfer (CWPT)
  - 4.2.2.2. Magnetic Gear Wireless Power Transfer (MGWPT)
  - 4.2.2.3. Resonant Inductive Power Transfer (RIPT)
  - 4.2.2.4. Inductive Power Transfer (IPT)
- 4.2.3. By Power Supply
  - 4.2.3.1. 3≤11 KW
  - 4.2.3.2. 11-50 KW
  - 4.2.3.3. >50 KW
- 4.2.4. By Distribution Channel
  - 4.2.4.1. OEMs
  - 4.2.4.2. Aftermarket
- 4.2.5. By Application
  - 4.2.5.1. Commercial Charging Stations
  - 4.2.5.2. Home Charging Unit
- 4.2.6. By Region
  - 4.2.6.1. North America
  - 4.2.6.2. Europe
  - 4.2.6.3. Asia Pacific (APAC)
  - 4.2.6.4. Latin America (LATAM)
  - 4.2.6.5. Middle East and Africa (MEA)

5. North America Wireless Electric Vehicle Charging (WEVC) Market

5.1. Market Application & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type
- 5.2.2. By Charging Method
- 5.2.3. By Power Supply
- 5.2.4. By Distribution Channel
- 5.2.5. By Application
- 5.2.6. By Country
  - 5.2.6.1. United States
  - 5.2.6.1.1. By Vehicle Type
  - 5.2.6.1.2. By Charging Method
  - 5.2.6.1.3. By Power Supply
  - 5.2.6.1.4. By Distribution Channel
  - 5.2.6.1.5. By Application
  - 5.2.6.2. Canada
  - 5.2.6.2.1. By Vehicle Type
  - 5.2.6.2.2. By Charging Method
  - 5.2.6.2.3. By Power Supply
  - 5.2.6.2.4. By Distribution Channel
  - 5.2.6.2.5. By Application

6. Europe Wireless Electric Vehicle Charging (WEVC) Market

6.1. Market Application & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type
- 6.2.2. By Charging Method
- 6.2.3. By Power Supply
- 6.2.4. By Distribution Channel
- 6.2.5. By Application
- 6.2.6. By Country
  - 6.2.6.1. Germany
  - 6.2.6.1.1. By Vehicle Type
  - 6.2.6.1.2. By Charging Method
  - 6.2.6.1.3. By Power Supply
  - 6.2.6.1.4. By Distribution Channel
  - 6.2.6.1.5. By Application
  - 6.2.6.2. United Kingdom
  - 6.2.6.2.1. By Vehicle Type
  - 6.2.6.2.2. By Charging Method
  - 6.2.6.2.3. By Power Supply
  - 6.2.6.2.4. By Distribution Channel
  - 6.2.6.2.5. By Application
  - 6.2.6.3. Italy
  - 6.2.6.3.1. By Vehicle Type
  - 6.2.6.3.2. By Charging Method
  - 6.2.6.3.3. By Power Supply
  - 6.2.6.3.4. By Distribution Channel
  - 6.2.6.3.5. By Application
  - 6.2.6.4. France
  - 6.2.6.4.1. By Vehicle Type
  - 6.2.6.4.2. By Charging Method
  - 6.2.6.4.3. By Power Supply
  - 6.2.6.4.4. By Distribution Channel
  - 6.2.6.4.5. By Application
  - 6.2.6.5. Spain
  - 6.2.6.5.1. By Vehicle Type
  - 6.2.6.5.2. By Charging Method
  - 6.2.6.5.3. By Power Supply
  - 6.2.6.5.4. By Distribution Channel
  - 6.2.6.5.5. By Application
  - 6.2.6.6. Belgium
  - 6.2.6.6.1. By Vehicle Type
  - 6.2.6.6.2. By Charging Method
  - 6.2.6.6.3. By Power Supply
  - 6.2.6.6.4. By Distribution Channel
  - 6.2.6.6.5. By Application
  - 6.2.6.7. Russia
  - 6.2.6.7.1. By Vehicle Type
  - 6.2.6.7.2. By Charging Method
  - 6.2.6.7.3. By Power Supply
  - 6.2.6.7.4. By Distribution Channel
  - 6.2.6.7.5. By Application
  - 6.2.6.8. The Netherlands
  - 6.2.6.8.1. By Vehicle Type
  - 6.2.6.8.2. By Charging Method
  - 6.2.6.8.3. By Power Supply
  - 6.2.6.8.4. By Distribution Channel
  - 6.2.6.8.5. By Application
  - 6.2.6.9. Rest of Europe
  - 6.2.6.9.1. By Vehicle Type
  - 6.2.6.9.2. By Charging Method
  - 6.2.6.9.3. By Power Supply
  - 6.2.6.9.4. By Distribution Channel
  - 6.2.6.9.5. By Application

7. Asia Pacific Wireless Electric Vehicle Charging (WEVC) Market

7.1. Market Application & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type
- 7.2.2. By Charging Method
- 7.2.3. By Power Supply
- 7.2.4. By Distribution Channel
- 7.2.5. By Application
- 7.2.6. By Country
  - 7.2.6.1. China
  - 7.2.6.1.1. By Vehicle Type
  - 7.2.6.1.2. By Charging Method
  - 7.2.6.1.3. By Power Supply
  - 7.2.6.1.4. By Distribution Channel
  - 7.2.6.1.5. By Application
  - 7.2.6.2. India
  - 7.2.6.2.1. By Vehicle Type
  - 7.2.6.2.2. By Charging Method
  - 7.2.6.2.3. By Power Supply
  - 7.2.6.2.4. By Distribution Channel
  - 7.2.6.2.5. By Application
  - 7.2.6.3. Japan
  - 7.2.6.3.1. By Vehicle Type
  - 7.2.6.3.2. By Charging Method
  - 7.2.6.3.3. By Power Supply
  - 7.2.6.3.4. By Distribution Channel
  - 7.2.6.3.5. By Application
  - 7.2.6.4. South Korea
  - 7.2.6.4.1. By Vehicle Type
  - 7.2.6.4.2. By Charging Method
  - 7.2.6.4.3. By Power Supply
  - 7.2.6.4.4. By Distribution Channel
  - 7.2.6.4.5. By Application
  - 7.2.6.5. Australia & New Zealand
  - 7.2.6.5.1. By Vehicle Type
  - 7.2.6.5.2. By Charging Method
  - 7.2.6.5.3. By Power Supply
  - 7.2.6.5.4. By Distribution Channel
  - 7.2.6.5.5. By Application
  - 7.2.6.6. Indonesia
  - 7.2.6.6.1. By Vehicle Type
  - 7.2.6.6.2. By Charging Method
  - 7.2.6.6.3. By Power Supply
  - 7.2.6.6.4. By Distribution Channel
  - 7.2.6.6.5. By Application
  - 7.2.6.7. Malaysia
  - 7.2.6.7.1. By Vehicle Type
  - 7.2.6.7.2. By Charging Method
  - 7.2.6.7.3. By Power Supply
  - 7.2.6.7.4. By Distribution Channel
  - 7.2.6.7.5. By Application
  - 7.2.6.8. Singapore
  - 7.2.6.8.1. By Vehicle Type
  - 7.2.6.8.2. By Charging Method
  - 7.2.6.8.3. By Power Supply
  - 7.2.6.8.4. By Distribution Channel
  - 7.2.6.8.5. By Application
  - 7.2.6.9. Vietnam
  - 7.2.6.9.1. By Vehicle Type
  - 7.2.6.9.2. By Charging Method
  - 7.2.6.9.3. By Power Supply
  - 7.2.6.9.4. By Distribution Channel
  - 7.2.6.9.5. By Application
  - 7.2.6.10. Rest of APAC
  - 7.2.6.10.1. By Vehicle Type
  - 7.2.6.10.2. By Charging Method
  - 7.2.6.10.3. By Power Supply
  - 7.2.6.10.4. By Distribution Channel
  - 7.2.6.10.5. By Application

8. Latin America Wireless Electric Vehicle Charging (WEVC) Market

8.1. Market Application & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type
- 8.2.2. By Charging Method
- 8.2.3. By Power Supply
- 8.2.4. By Distribution Channel
- 8.2.5. By Application
- 8.2.6. By Country
  - 8.2.6.1. Brazil
  - 8.2.6.1.1. By Vehicle Type
  - 8.2.6.1.2. By Charging Method
  - 8.2.6.1.3. By Power Supply
  - 8.2.6.1.4. By Distribution Channel
  - 8.2.6.1.5. By Application
  - 8.2.6.2. Mexico
  - 8.2.6.2.1. By Vehicle Type
  - 8.2.6.2.2. By Charging Method
  - 8.2.6.2.3. By Power Supply
  - 8.2.6.2.4. By Distribution Channel
  - 8.2.6.2.5. By Application
  - 8.2.6.3. Argentina
  - 8.2.6.3.1. By Vehicle Type
  - 8.2.6.3.2. By Charging Method
  - 8.2.6.3.3. By Power Supply
  - 8.2.6.3.4. By Distribution Channel
  - 8.2.6.3.5. By Application
  - 8.2.6.4. Peru
  - 8.2.6.4.1. By Vehicle Type
  - 8.2.6.4.2. By Charging Method
  - 8.2.6.4.3. By Power Supply
  - 8.2.6.4.4. By Distribution Channel
  - 8.2.6.4.5. By Application
  - 8.2.6.5. Rest of LATAM
  - 8.2.6.5.1. By Vehicle Type
  - 8.2.6.5.2. By Charging Method
  - 8.2.6.5.3. By Power Supply
  - 8.2.6.5.4. By Distribution Channel
  - 8.2.6.5.5. By Application

9. Middle East & Africa Wireless Electric Vehicle Charging (WEVC) Market

9.1. Market Application & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type
- 9.2.2. By Charging Method
- 9.2.3. By Power Supply
- 9.2.4. By Distribution Channel
- 9.2.5. By Application
- 9.2.6. By Country
  - 9.2.6.1. Saudi Arabia
  - 9.2.6.1.1. By Vehicle Type
  - 9.2.6.1.2. By Charging Method
  - 9.2.6.1.3. By Power Supply
  - 9.2.6.1.4. By Distribution Channel
  - 9.2.6.1.5. By Application
  - 9.2.6.2. UAE
  - 9.2.6.2.1. By Vehicle Type
  - 9.2.6.2.2. By Charging Method
  - 9.2.6.2.3. By Power Supply
  - 9.2.6.2.4. By Distribution Channel
  - 9.2.6.2.5. By Application
  - 9.2.6.3. Qatar
  - 9.2.6.3.1. By Vehicle Type
  - 9.2.6.3.2. By Charging Method
  - 9.2.6.3.3. By Power Supply
  - 9.2.6.3.4. By Distribution Channel
  - 9.2.6.3.5. By Application
  - 9.2.6.4. Kuwait
  - 9.2.6.4.1. By Vehicle Type
  - 9.2.6.4.2. By Charging Method
  - 9.2.6.4.3. By Power Supply
  - 9.2.6.4.4. By Distribution Channel
  - 9.2.6.4.5. By Application
  - 9.2.6.5. South Africa
  - 9.2.6.5.1. By Vehicle Type
  - 9.2.6.5.2. By Charging Method
  - 9.2.6.5.3. By Power Supply
  - 9.2.6.5.4. By Distribution Channel
  - 9.2.6.5.5. By Application
  - 9.2.6.6. Nigeria
  - 9.2.6.6.1. By Vehicle Type
  - 9.2.6.6.2. By Charging Method
  - 9.2.6.6.3. By Power Supply
  - 9.2.6.6.4. By Distribution Channel
  - 9.2.6.6.5. By Application
  - 9.2.6.7. Algeria
  - 9.2.6.7.1. By Vehicle Type
  - 9.2.6.7.2. By Charging Method
  - 9.2.6.7.3. By Power Supply
  - 9.2.6.7.4. By Distribution Channel
  - 9.2.6.7.5. By Application
  - 9.2.6.8. Rest of MEA
  - 9.2.6.8.1. By Vehicle Type
  - 9.2.6.8.2. By Charging Method
  - 9.2.6.8.3. By Power Supply
  - 9.2.6.8.4. By Distribution Channel
  - 9.2.6.8.5. By Application

10. Competitive Landscape

10.1. List of Key Players and Their Power Supply
10.2. Global Wireless Electric Vehicle Charging (WEVC) Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Escalating Geopolitical Tensions on Global Wireless Electric Vehicle Charging (WEVC) Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. ABB
12.2. Alfen N.V.
12.3. Siemens
12.4. EVgo Services LLC
12.5. Leviton Manufacturing Co., Inc.
12.6. Continental AG
12.7. Qualcomm Technologies, Inc
12.8. Toyota Motor Corporation
12.9. Bombardier
12.10. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations