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.
We investigated the Wireless EV Charging Market from every angle, including both primary and secondary research methods. This improved our grasp of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, consumer behaviours, and so on. Following that, the data is collated and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
Wireless EV Charging Market Overview:
The market research studyWireless EV Charging examines and evaluates the market's position during the predicted period. It is a thorough investigation that focuses on fundamental and secondary drivers, market dominance, key segments, and geographical analysis. The research also looks at key individuals, large collaborations, mergers, and acquisitions, as well as contemporary innovation and business strategy.
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In 2022, the BEV segment had the greatest market share. In BEVs from Tesla, BMW, and Nissan, such as the Tesla Model S, BMW i3, and Nissan Leaf, wireless charging is now an option. OEMs are concentrating on BEVs as a result of strict government regulations designed to reduce rising emissions. Rising BEV sales and government backing are projected to be the main market drivers.
By Charging Type
In 2022, the stationary wireless charging system had the biggest market share . The stationary wireless charging method is dependable, secure, and simple to use. This technology is interoperable, allowing users to charge their cars with any wireless charger. Wireless charging for vehicles is also an option in parking lots and public areas. The development of electric vehicle charging networks has been made easier by the growth of stationary wireless charging systems. Many companies have built stationary wireless charging stations.
Primary and secondary research is used to identify market leaders, while primary and secondary research is used to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using historical data. The players highlighted in this report are as follows:
• Robert Bosch GmbH
• Continental AG
• Toyota Motor Corporation
• Toshiba Corporation
• Lg Chem Ltd
• Witricity Corporation
• 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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The study provides an in-depth look at the area industry, covering both qualitative and quantitative data. It provides an overview and forecast of the globalWireless EV Charging market by segment. It also provides market size and forecast estimations for five main regions from 2021 to 2027, including North America, Europe, Asia-Pacific, the Middle East Africa, and South America. TheWireless EV Charging market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.
COVID-19 Impact Analysis onWireless EV Charging Market:
We thoroughly researched and analyzed the GlobalWireless EV Charging Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the globalWireless EV Charging industry's potential, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.
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Key Questions Answered in theWireless EV Charging Market Report are:
What are the most potential high-growth prospects in the worldwideWireless EV Charging industry, broken down by product category, End User, and Region?
WhichWireless EV Charging market categories will grow the most rapidly, and why?
Which regions will grow faster, and why?
What are the major factors impactingWireless EV Charging market dynamics? What are theWireless EV Charging market's major drivers and challenges?
What are the business risks and dangers in theWireless EV Charging market?
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