Wireless Electric Vehicle Charging Market Size is Growing at a CAGR of 41.4% and Reach $207.4 Million by 2030

increase in sales of EVs in prominent European countries, such as Germany, the Netherlands to supplement the Wireless Electric Vehicle Charging Market growth.

PORTLAND, OREGON, UNITED STATES, November 8, 2023 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Wireless Electric Vehicle Charging Market," The wireless electric vehicle charging market was valued at $6.9 million in 2020, and is estimated to reach $207.4 million by 2030, growing at a CAGR of 41.4% from 2021 to 2030.

𝐆𝐞𝐭 𝐢𝐧𝐬𝐢𝐝𝐞 𝐬𝐜𝐨𝐨𝐩 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝐬𝐚𝐦𝐩𝐥𝐞 - https://www.alliedmarketresearch.com/request-sample/5224

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

Presently, the global wireless electric vehicle charging market size is dominated by Europe followed by Asia-Pacific, North America, and LAMEA. In Asia-Pacific, the market is mainly driven by China owing to the optimistic market scenario for electric vehicles in the region. India is foreseen to witness considerable growth in wireless electric vehicle market during the forecast period owing to the growing electric vehicle penetration.

The wireless electric vehicle charging industry is segmented on the basis of power source, charging method, installation, distribution channel, vehicle type and region. The wireless charging for electric vehicle market is segmented on the basis of power source, charging method installation, distribution channel, vehicle type, and region.

The power source segment is divided into 3-<11 kW, 11–50 kW, and >50 kW. By charging method, the market is segmented into CWPT, MGWPT, RIPT, and IPT. By installation, the market is bifurcated into home and commercial. Depending on distribution channel, it is segregated into OEMs and aftermarket. The vehicle type segment is classified into battery electric vehicles (BEV), plug-in hybrid electric vehicle (HEV), and commercial electric vehicles. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

𝐌𝐚𝐤𝐞 𝐚 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 - https://www.alliedmarketresearch.com/purchase-enquiry/5224

𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

Continental ag
IPT technology inc.
Nidec mobility corporation
Evatran group (plugless)
Powermat technologies
Renesas electronics
Robert Bosch Gmbh
Qualcomm technologies
Toyota motor corporation
Witricity

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀

Furthermore, increase in sales of EVs in prominent European countries, such as Germany, the Netherlands, France, Denmark, Sweden, and in countries having above average growth is expected to supplement the market growth. Factors, such as increase in sales of electric vehicles (EVs), growing demand for wireless electric vehicle charging solutions, and demand for high power contact less inductive charging are expected to boost the wireless electric vehicle charging market industry during the forecast period. However, expensive integration and high upfront cost of wireless electric vehicle charging are expected to hinder the market growth during the forecast period.

Covid-19 Impact Analysis:

COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge. Lockdown measures have helped to contain the spread of coronavirus, but exacted an immense economic toll. On the business side, the automotive sector is among the hardest hit. Following the pattern witnessed in countries where COVID-19 spread earlier, lockdown measures and other restrictions have impacted the requirement for electric vehicle charging infrastructure considerably. Furthermore, coronavirus has introduced unexpected challenges within the automotive, electric mobility and charging infrastructure sectors. OEMs and other stakeholders are adopting innovative business models amid post-COVID-19.

𝐓𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/wireless-electric-vehicle-charging-market/purchase-options

KEY FINDINGS OF THE STUDY

By power source, the 11 to 50 kW segment dominated the global Wireless electric vehicle charging market in 2020, in terms of revenue.
By charging method, the Inductive Power Transfer (IPT) segment is expected to register significant growth, registering a CAGR of 42.2% during the forecast period.
By vehicle type, Battery Electric Vehicle (BEV) segment is projected to lead the global market in terms of market share by the end of the forecast period.
By installation, the commercial segment dominated the global Wireless electric vehicle charging market in 2020, in terms of revenue.
By distribution channel, the aftermarket segment is expected to register significant growth, registering a CAGR of 40.9% during the forecast period.
By region, Europe dominated the global Wireless electric vehicle charging market in 2020 in terms of market share.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐎𝐧 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐂𝐡𝐚𝐫𝐠𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

Electric Vehicle Battery Swapping Market : https://www.alliedmarketresearch.com/electric-vehicle-battery-swapping-market-A10601

Electric Vehicle HVAC Market : https://www.alliedmarketresearch.com/electric-vehicle-hvac-market-A74608

One Wheel Electric Scooter Market : https://www.alliedmarketresearch.com/one-wheel-electric-scooter-market-A08744

David Correa
Allied Analytics LLP
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