Wireless Charging Market Size in 2023 To 2029 | WiTricity Corporation (US), InductEV Inc. (US), Plugless Power Inc. (US), Electreon (Israel), HEVO Inc. (US), WAVE Charging (US), Mojo Mobility Inc. (US)

The report offers detailed measurements about the drivers, development, and prospects that have a direct impact on the Wireless Charging market. The market study contains an in-depth analysis of the international Wireless Charging Market based on the key boundaries that encompass the drivers, sales inquiry, market limits & share. Furthermore, the report highlights the assessment of the market size in four key regions: North America, Europe, Asia-Pacific, and Rest of World. The research study aims to provide readers with an intensive valuation of current industry trends and breakdown. It spans global Wireless Charging market research data from various companies, benefits, gross margin, calculated decisions in the worldwide market, and more through tables, charts, and infographics. Other significant aspects studied in this report include demand and supply dynamics, import & export scenarios, R&D development activities, industry developments, and cost structures. Additionally, consumption demand and supply figures, cost of production, and selling price of products are also estimated in this report.

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The wireless charging market for electric vehicles comprises major manufacturers such as WiTricity Corporation (US), InductEV Inc. (US), Plugless Power Inc. (US), Electreon (Israel), HEVO Inc. (US), WAVE Charging (US), Mojo Mobility Inc. (US), etc.

This report will help new entrants or stakeholders understand the complete market dynamics within Wireless Charging. The report examines the competitive scenario along with the future market landscape using various frameworks such as Porter's five forces and the parent/peer market. It considers the portfolios of key market players operating in the Wireless Charging market, coupled with a comprehensive study of the products and services they offer. Moreover, this report aims to help readers understand the impact of government rules during the Covid-19 pandemic and estimate market changes throughout the global pandemic. The Global Wireless Charging Market also sheds light on the major players in the sector, detailing their product portfolio, business policies, company profiles, and revenue share. Finally, the study defines strategies such as partnerships, development, collaborations, joint projects, and others executed by industry leaders to enhance their status in the sector.

"Increasing focus towards Vehicle-to-grid power transfer coupled with rising penetration of electric vehicles fuelled the growth of wireless charging market for electric vehicles."

The global wireless charging market for electric vehicles size is projected to grow from USD 80 Million in 2023 to USD 1279 Million by 2030, at a CAGR of 48.4%. The demand for wireless charging solutions for electric vehicles is anticipated to increase owing to the development of fast-charging infrastructure for electric vehicles across the globe. Also, anticipated rise in sales of electric vehicles paired with advantages of wireless charging over wired charging are expected to bolster the revenue growth of the wireless charging market for electric vehicles.

The PHEVs segment is expected to have significant opportunities during the forecast period

The PHEVs segment of the wireless charging market for electric vehicles is expected to have significant opportunities in Europe during the forecast period. The market growth in Europe in wireless charging can be attributed to leading players in the wireless charging market, such as INTIS Integrated Infrastructure Solutions GmbH (Germany) and ENRX (Norway). These players offer wireless charging technology for plug-in hybrid electric vehicles as well as battery electric vehicles. An increasing number of projects related to smart roads in Germany, UK, Sweden, and Norway is also expected to bolster revenues for the PHEVs segment in Europe during the forecast period. In April 2023, ENRX partnered with Central Florida Expressway Authority (CFX) and ASPIRE Engineering Research Center for an initiative to build a one-mile electrified roadway in Florida. Such projects will encourage OEMs to offer OE-fitted wireless charging systems to the PHEVs segment. All these factors are expected to boost the revenue growth of the wireless charging market for electric vehicles.

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Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall wireless charging market for electric vehicles and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Research Coverage:

The study covers the wireless charging market for electric vehicles across various segments. It aims at estimating the market size and future growth potential of this market across different segments such as application, component, charging system, charging type, power supply range, propulsion, vehicle type, and region. The study also includes an in-depth competitive analysis of key market players, their company profiles, key observations related to product and business offerings, recent developments, and acquisitions.

This release was published on openPR.