Wireless EV Charging Market Growth or Demand Increase or Decrease for what contains:
Electric vehicles have several advantages, such as reduced fuel consumption (gasoline, diesel and natural gas) and reduced exhaust emissions, which significantly increase their global demand. It is expected that during the forecast period, electric or plug-in hybrid vehicles will accelerate the demand for wireless charging. The wireless electric vehicle charging market is taking various strategic initiatives, such as product development and collaboration, to further increases its product portfolio and global footprint. Nichicon and Qualcomm, for example, struck a strategic partnership deal.
Wireless EV Charging Market CAGR Estimation:
Wireless EV Charging Market was valued at US$ 34.48 Mn. in 2022 and is expected to reach US$ 506.58 Mn. by 2029, at a CAGR of 46.8% during a forecast period.
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Wireless EV Charging Market Segmentation:
by Application
• Public/Commercial Charging Station
• Home Charging Unit
by Component
• Base Charging Pad
• Power Control Unit
• Vehicle Charging Pad
by Charging Type
• Dynamic Wireless Charging System
• Stationary Wireless Charging System
Stationary Wireless Charging System had the biggest market share (xx%) in 2022. The stationary wireless charging solution is simple to use, secure, and reliable. Drivers can charge their cars using any wireless charging equipment, making this technology compatible. Vehicles can also be wirelessly charged in parking lots and public areas. The proliferation of stationary wireless charging devices has eased the creation of charging networks for electric vehicles. Many businesses have installed stationary wireless charging stations.
Wireless EV Charging Market Overviews:
Wireless Electric Vehicle Charging (WEVC) is a type of wireless charging technology for electric vehicles that is exceptionally efficient, comfortable, and easy to use (EV). EV wireless charging (NFC) makes advantage of near-field charging. It consists of a gearbox coil that produces a magnetic field that transfers energy to a nearby receiving coil via induction. The percentage of magnetic flux created by the transmitter coil that penetrates the receiving coil and contributes to power transfer is proportional to the distance between the two coils.
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Wireless EV Charging Market: Which Regions are Experiencing Growth or Increased Demand?
The Asia Pacific region had the biggest market share of xx% in 2022. The increasing penetration of electronic vehicles in industrialised countries is projected to increase demand for wireless charging systems. Increasing R&D investment, combined with an increase in partnerships and joint ventures between large original equipment manufacturers and domestic enterprises, has provided prospects for wireless charging system makers in Asia-Pacific. Furthermore, the region is home to growing economies such as China and India, as well as developed countries like Japan, and it is the world’s largest auto market.
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Wireless EV Charging Market Key Players:
• Robert Bosch GmbH
• Continental AG
• Toyota Motor Corporation
• Electroad
• Toshiba Corporation
• Lg Chem Ltd
• Witricity Corporation
• Wave
• Qualcomm, Inc.
• Bombardier Inc.
• Aerovironment Inc.
• Hella KGaA Hueck & Co.
• Evatran Group Inc.
• Mojo Mobility Inc.
• ZTE Corporation
• Elix Wireless
• Momentum Dynamics Corporation.
• HEVO Power
• Olev Technologies
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Key questions answered in the Wireless EV Charging Market are:
• What is Wireless EV Charging?
• What is the growth rate of the Wireless EV Charging Market?
• Which are the factors expected to drive the Wireless EV Charging market growth?
• What are the different segments of the Wireless EV Charging Market?
• What growth strategies are the players considering to increase their presence in Wireless EV Charging?
• What are the upcoming industry applications and trends for the Wireless EV Charging Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Wireless EV Charging Market?
• What major challenges could the Wireless EV Charging Market face in the future?
• What segments are covered in the Wireless EV Charging Market?
• Who are the leading companies and what are their portfolios in Wireless EV Charging Market?
• What segments are covered in the Wireless EV Charging Market?
• Who are the key players in the Wireless EV Charging market?
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