PUBLISHER: Global Insight Services | PRODUCT CODE: 1598986
PUBLISHER: Global Insight Services | PRODUCT CODE: 1598986
The Electric Vehicle Wireless Charging Market is expected to expand from $1.4 billion in 2023 to $15.9 billion by 2033, with a CAGR of 27.2%.
The Electric Vehicle Wireless Charging Market encompasses the industry dedicated to developing and deploying technologies that enable the wireless transfer of energy to electric vehicles. This market includes inductive and resonant charging solutions, infrastructure development, and integration with smart grid systems, aiming to enhance convenience, efficiency, and the adoption of electric vehicles, thereby supporting sustainable transportation solutions.
The Electric Vehicle Wireless Charging Market is poised for substantial growth, driven by technological advancements and increased adoption of electric vehicles. The segment of wireless charging pads leads the market, owing to their convenience and ease of use. Resonant inductive charging emerges as the second-highest performing sub-segment, benefiting from its efficiency and ability to charge multiple vehicles simultaneously. Regionally, North America dominates the market, supported by robust infrastructure development and government incentives promoting electric vehicle adoption. Europe follows closely, with countries like Germany and the UK spearheading the transition to wireless charging solutions. The Asia-Pacific region, particularly China and Japan, is rapidly emerging as a key player, driven by strong government support and a burgeoning electric vehicle market. Strategic collaborations and investments in research and development are expected to further enhance the market's potential, offering lucrative opportunities for stakeholders.
Key Companies
Wi Tricity, Plugless Power, HEVO, Momentum Dynamics, Evatran, Electreon, Wave, Qualcomm Halo, ZTE Corporation, Toshiba Corporation, Futaba Corporation, Elix Wireless, Bombardier Primove, Mojo Mobility, Powerby Proxi, Ossia, Energo Pro, DAIHEN Corporation, Continental AG, Vahle, Electra Charge, Power Loop, Charge Wave, Watt Free, Volt Stream, Inductive Drive, Charge Glide, Electro Pad, Free Wire Tech, Charge Field, Electro Flow, Power Pad, Flux Charge, Wave Drive, Induc Charge, Wire Less Power, Charge Span, E- Motion Charge, Voltaic Link, Electro Sphere
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