Wireless Electric Vehicle Charging Market Soars to $207.4 Billion by 2030, Growing at 41.4% CAGR

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Wireless Electric Vehicle Charging Market Size, Share, by Charging Method, by Installation: Global Opportunity Analysis and Industry Forecast, 2020-2030

PORTLAND, PROVINCE: OREGAON, UNITED STATES, February 29, 2024 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Wireless Electric Vehicle Charging Market,” The market size of wireless electric vehicle charging industry was valued at $6.9 million in 2020, and is estimated to reach $207.4 million by 2030, growing at a CAGR of 41.4% from 2021 to 2030.

According to a recent report published by Allied Market Research, titled, “Wireless Electric Vehicle Charging Market by Technology Type, Application, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global wireless EV charging market was valued at $6.9 million in 2020, and is projected to reach $207.4 million by 2030, registering a CAGR of 41.4%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 – https://www.alliedmarketresearch.com/request-sample/5224

Presently, the global wireless electric vehicle charging market is dominated by Europe followed by Asia-Pacific, North America, and LAMEA. In Asia-Pacific, the market is mainly driven by China owing to the optimistic market scenario for electric vehicles in the region. India is foreseen to witness considerable growth in wireless electric vehicle market during the forecast period owing to the growing electric vehicle penetration.

The wireless electric vehicle charging market is segmented on the basis of power source, charging method, installation, distribution channel, vehicle type and region. The wireless charging for electric vehicle market is segmented on the basis of power source, charging method installation, distribution channel, vehicle type, and region. The power source segment is divided into 3-<11 kW, 11–50 kW, and >50 kW. By charging method, the market is segmented into CWPT, MGWPT, RIPT, and IPT. By installation, the market is bifurcated into home and commercial. Depending on distribution channel, it is segregated into OEMs and aftermarket. The vehicle type segment is classified into battery electric vehicles (BEV), plug-in hybrid electric vehicle (HEV), and commercial electric vehicles. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 – https://www.alliedmarketresearch.com/wireless-electric-vehicle-charging-market/purchase-options

Furthermore, increase in sales of EVs in prominent European countries, such as Germany, the Netherlands, France, Denmark, Sweden, and in countries having above average growth is expected to supplement the market growth. Factors, such as increase in sales of electric vehicles (EVs), growing demand for wireless electric vehicle charging solutions, and demand for high power contact less inductive charging are expected to boost the wireless electric vehicle charging market during the forecast period. However, expensive integration and high upfront cost of wireless electric vehicle charging are expected to hinder the market growth during the forecast period.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge. Lockdown measures have helped to contain the spread of coronavirus, but exacted an immense economic toll. On the business side, the automotive sector is among the hardest hit. Following the pattern witnessed in countries where COVID-19 spread earlier, lockdown measures and other restrictions have impacted the requirement for electric vehicle charging infrastructure considerably. Furthermore, coronavirus has introduced unexpected challenges within the automotive, electric mobility and charging infrastructure sectors. OEMs and other stakeholders are adopting innovative business models amid post-COVID-19.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/5224

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :
By power source, the 11 to 50 kW segment dominated the global Wireless electric vehicle charging market in 2020, in terms of revenue.
By charging method, the Inductive Power Transfer (IPT) segment is expected to register significant growth, registering a CAGR of 42.2% during the forecast period.
By vehicle type, Battery Electric Vehicle (BEV) segment is projected to lead the global market in terms of market share by the end of the forecast period.
By installation, the commercial segment dominated the global Wireless electric vehicle charging market in 2020, in terms of revenue.
By distribution channel, the aftermarket segment is expected to register significant growth, registering a CAGR of 40.9% during the forecast period.
By region, Europe dominated the global Wireless electric vehicle charging market in 2020 in terms of market share.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
IPT Technology Inc.
Continental AG
Evatran Group (Plugless)
Nidec Mobility Corporation
Renesas Electronics
Powermat technologies
Qualcomm Technologies
Robert Bosch Gmbh
Texas Instruments
Toyota Motor Corporation
Witricity

David Correa
Allied Market Research
+1 5038946022
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