Market Definition
Electric Vehicle Wireless Charging (EVWC) is a system that allows electric vehicles to be charged without the need for a physical connection between the vehicle and the charging station. The EVWC system uses inductive charging, which uses an electromagnetic field to transfer energy between two coils. One coil is located on the ground, and the other is located on the underside of the vehicle.
Market Outlook
The Electric Vehicle Wireless Charging Market size was USD 22.1 Billion in 2023 and is anticipated to reach USD 597.2 Billion in 2033, growing at a rate of 37.0% from 2024 to 2033.
The increasing popularity of wireless electric vehicle charging solutions is expected to drive market growth. As the number of electric vehicle owners continues to rise, there is a growing need for more public charging stations. Anticipated future growth in the electric car market suggests an increased demand for fast charging options to accommodate various use cases. The convenience of charging electric vehicles anytime and anywhere they are parked, without the need for a grid connection, further contributes to the expanding adoption of wireless charging. This global trend is not only beneficial for reducing pollution but also has a substantial impact on the overall market.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
By Vehicle Type
- BEV
- PHEV
- CEV
By Charging Method
- CWPT
- MGWPT
- RIPT
- IPT
By Power Supply
- Up to 3.7 kW
- Above 3.7–7.7 kW
- Above 7.7–11 kW
- Above 11 kW
By Application
- Commercial Charging Station
- Home Charging Unit
By Distribution Channel
- OEMS
- After Market
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Major Players in the Seal Paper Market
To obtain a competitive edge in the rapidly expanding electric motorcycles & scooters market, players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the Electric Vehicle Wireless Charging Market Report includes Witricity, ElectReon, InductEV Inc., Plugless Power Inc., Wave Charging, Evatran Group Inc., IPT Technology Inc., Continental AG, Shenzhen VMAX New Energy Co., Ltd, HEVO Inc., among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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