Wireless Charging for Electric Vehicle Market – Trends Forecast Till 2028

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 and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: June, 2021

Base Year Estimate: 2020

Report ID: D-AU-WCEVM-225

Format:  

Number of Pages: 495

Domain: Automotive

Wireless Charging for Electric Vehicle Market – Trends Forecast Till 2028

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 and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Global Wireless Charging for Electric Vehicle market is anticipated to reach USD 17.6 million in 2021 growing at a CAGR of 47.9% during the forecasting period, 2021-2028.

Wireless charging for electric vehicle is a technology used to charge electric vehicle using recharging coils placed a few centimetres below asphalt without any wore being involved. Here high frequency magnetic fields are also used. The technology used for wireless charging is named as near-field wireless power transfer technology. It provides charging on the go.

With a recent development in the fast charging infrastructure along with raised demand for environmental friendly electric vehicle are some of the factors that have supported long-term expansion for Wireless Charging for Electric Vehicle industry.

Wireless Charging for Electric Vehicle Market Report

Global Wireless Charging for Electric Vehicle market is segmented into Power Supply, Application, Distribution channel, Component, Charging System, Propulsion, Vehicle type and geography.

Power Supply segment is segmented into 3–<11, 11–50, & >50 KW

Application segment is segmented into Home & Commercial

Distribution channel segment is segmented into Aftermarket & OE

Component segment is segmented into Base Charging Pad, Power Control Unit, and Vehicle Charging Pad

Charging System segment is segmented into Magnetic Power Transfer, Inductive Power Transfer, and Capacitive Power Transfer

Charging Type segment is segmented into Dynamic Wireless Charging System, and Stationary Wireless Charging System

Geographically, global Wireless Charging for Electric Vehicle market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Key players in global Wireless Charging for Electric Vehicle market are Robert Bosch GmbH (Germany), Continental AG (Germany), WiTricity Corporation (US), ZTE Corporation (China), and HELLA KGaA Hueck & Co. (Germany) among others.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conference like Jefferies conference—to identify and collect information useful for this study of the Wireless Charging for Electric Vehicle market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial studies of the global Wireless Charging for Electric Vehicle market. Through secondary research, the market is classified and segmented as per of industry trend, development, regional market, products, and technological development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Wireless Charging for Electric Vehicle market.

Primary Respondent breakdown is given below:

Wireless Charging for Electric Vehicle Market Primary Respondents

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validating the total revenue of the Wireless Charging for Electric Vehicle market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Wireless Charging for Electric Vehicle market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 17.6 million

Growth Rate

CAGR of 47.9% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Power Supply , Application , Distribution channel , Component, Charging System, Propulsion, Vehicle type and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Robert Bosch GmbH (Germany), Continental AG (Germany), WiTricity Corporation (US), ZTE Corporation (China), and HELLA KGaA Hueck & Co. (Germany)

Available Customization

In addition to the market data for Wireless Charging for Electric Vehicle market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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