Market Research Report
Global Wireless Electric Vehicle Charging Market By Charging Type, By Power Supply Range, By Charging System, By Vehicle Type, By Region, Competition, Forecast & Opportunities, 2025
|Published by||TechSci Research||Product code||938749|
|Published||Content info||116 Pages
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|Global Wireless Electric Vehicle Charging Market By Charging Type, By Power Supply Range, By Charging System, By Vehicle Type, By Region, Competition, Forecast & Opportunities, 2025|
|Published: May 1, 2020||Content info: 116 Pages||
Global wireless electric vehicle charging market is projected to grow at CAGR of over 35% during the forecast period on account of surging sales of electric vehicle on the back of growing awareness about vehicle emissions and government subsidies. With the increasing demand for electric vehicles, demand for electric vehicle charging stations will increase.
Unlike wired charging stations, wireless electric vehicle charging is about transmission of energy, without cables, from power source to vehicle. Since, the technology is convenient, cost-effective and reliable; therefore, wireless electric vehicle charging is expected to gain prominence during the next five years.
Global wireless electric vehicle charging market can be segmented based on charging type, power supply range, charging system, vehicle type, region and company. Based on power supply range, 12-50kW held the dominant share in 2019 due to high demand; however, above 50kW is forecast to grow at the highest rate until 2025 due to fast charging capabilities it offers.
Based on geography, Asia-Pacific is expected to grow at the highest rate through 2025 due to growing sales and production of electric vehicle in countries such as Japan, India, China, among other. Moreover, China is expected to hold the largest market share in the region due to high sales of electric vehicle and presence of leading OEMs in the Asian country.
Major companies in the global wireless electric vehicle charging market include HEVO Inc., Daimler AG, Qualcomm Technologies, Witricity Corporation, Mojo Mobility, Hella Kgaa Hueck & Co., ZTE Corporation, Integrated Device Technology, Inc., Hella Kgaa Hueck & Co., Toyota Motor Corporation and others. The companies operating in the market are using inorganic growth strategies such as mergers & acquisition and partnership to increase their share in the market. For instance, Qualcomm entered into strategic agreement with Nichicon Corp so that the latter company can include former company's Halo wireless electric vehicle charging technology to their product portfolio.
Years considered for this report:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of wireless electric vehicle charging companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the electric vehicle manufacturers, electric vehicle charging infrastructure companies and presence of all major players across the region.
TechSci Research calculated global wireless electric vehicle charging market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as original equipment manufacturers, suppliers, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global wireless electric vehicle charging market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Magnetic Power Transfer
Inductive Power Transfer
Capacitive Power Transfer
Electric Passenger Car
Electric Commercial Vehicle
Rest of World
Company Profiles: Detailed analysis of the major companies present in global wireless electric vehicle charging market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Profit Margin Analysis