Electric Vehicle Wireless Charging Market (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.
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.
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- 12 – Chapter
- 300 – Pages
- Industry: Automotive & Transportation
Key trends:
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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Market Segmentation:
Based on vehicle type, market is sub-categorised into BEV, PHEV, and CEV. In 2023, the BEV segment accounted for the significaant share of the overall revenue. The Battery Electric Vehicle (BEV) segment is experiencing robust growth in 2023 as the automotive industry continues to pivot towards sustainable solutions. BEVs, powered solely by electric batteries, are gaining popularity due to their zero-emission nature and advancements in battery technology, enhancing their range and performance.
Based on charging method, market is sub-categorised into CWPT, MGWPT, RIPT, and IPT. In 2023, the CWPT segment accounted for the significaant share of the overall revenue. The Continuous Wireless Power Transfer (CWPT) emerging as a pivotal charging method. CWPT stands out due to its ability to provide uninterrupted and seamless charging experiences for electric vehicles.
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Data Summary:
Report Attribute | Details |
| Historic Period | 2017-2022 |
| Forecast Period | 2024-2033 |
| Base Year | 2023 |
| Segments Covered | Vehicle Type, Charging Method, Power Supply, Application, Distribution Channel. and Region |
| Key Companies | 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., |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
| Market Size in 2023 | $22.1 Bn |
| Growth Rate (2024-33) | 37.0% |
Research Scope:
- The report offers a comprehensive quantitative as well as qualitative analysis of the current Electric Vehicle Wireless Chargings Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
- The report also covers qualitative as well as quantitative analysis of the Electric Vehicle Wireless Chargings Market in terms of revenue ($Million).
- Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Electric Vehicle Wireless Chargings industry.
- A thorough analysis of market trends and restraints is provided.
- By region as well as country, market analysis is also presented in this report.
- The Electric Vehicle Wireless Chargings Market Study comprises an analysis of 23 countries. The research also encompasses a segment analysis of every country in terms of value (USD Million) throughout the study period.
- Analytical depiction of the Electric Vehicle Wireless Chargings Market along with current trends and future estimations to depict imminent investment pockets. The overall Electric Vehicle Wireless Chargings industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
- Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Electric Vehicle Wireless Chargings Market are also analyzed.
- The report also involves market strategy factors such as the ANSOFF Matrix, 4Ps Model, Demand-Supply Analysis, Competition Product Analysis, Recent Developments, Consumer Buying Interest, and Supply Chain Analysis among others.
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Key Players:
- 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.
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- Latin America (Brazil, Argentina, Rest of Latin America)
- Middle East and Africa (UAE, Saudi Arabia, Rest of Middle East And Africa)
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