Wireless Electric Vehicle (EV) Charging trends, share, industry size, growth, opportunities and forecast by 2029
The Wireless EV Charging Market report includes historic data, present market trends, market environment, technological innovation, upcoming technologies, and technical progress in the related industry. This report provides accurate information about market trends, industrial changes, and consumer behavior, among other factors. The base year for calculation in the report is 2021, with the historic year being 2020, which informs how the Wireless EV Charging Market will perform in the forecast years by outlining market definitions, classifications, applications, and engagements. The significant Wireless EV Charging Market report also aids in prioritizing market goals and achieving profitable business outcomes.
An influential Wireless EV Charging
Market survey report is a comprehensive study of the market, offering insights
into the market's status in the forecast period of 2022-2029. The market
research covered in this report helps the management of a firm plan by
providing accurate and up-to-date information about consumer demands, changing
tastes, attitudes, preferences, and buying intentions, among other factors. The
company profiles of all major market players and brands dominating the Wireless
EV Charging Market, with moves such as product launches, joint ventures,
mergers, and acquisitions affecting sales, import, export, revenue, and CAGR
values, have been cited in the report.
Data Bridge Market Research analyses
that the wireless electric vehicle (EV) charging market, valued at USD 15
million in 2022, will reach USD 437.86 million by 2030, growing at a CAGR of
52.46% during the forecast period of 2023 to 2030.
Market Overview
Smart wireless charging technology
for electric vehicles eliminates the need for extension cords and cumbersome
wired connections. This system enhances the convenience of charging EVs at home
or work by offering a seamless and hassle-free experience. With smart
technology, EV owners can simply park their vehicles over a charging pad,
enabling efficient and effortless charging without the limitations of wired
charging systems.
Some of the major players operating in the wireless electric
vehicle (EV) charging market are:
· ABB (Switzerland)
· Alfen N.V. (Netherlands)
· Allego B.V. (Netherlands)
· Siemens (Germany)
· EVgo Services LLC. (U.S.)
· Leviton Manufacturing Co., Inc. (U.S.)
· Continental AG (Germany)
· Qualcomm Technologies, Inc (U.S.)
· TOYOTA MOTOR CORPORATION (Japan)
· Bombardier (Canada)
· WiTricity Corporation. (U.S.)
· HELLA GmbH & Co. KGaA (Germany)
· TOSHIBA CORPORATION (Japan)
· ZTE Corporation (China)
· WiTricity Corporation (U.S.)
· Momentum Dynamics Corporation (U.S.)
· Qualcomm Incorporated (U.S.)
· Continental AG (Germany)
· Evatran Group Inc. (U.S.)
· Plugless Power Inc. (U.S.)
· Chargemaster plc (U.K.)
Explore Further Details about This Research
Wireless EV Charging Market Report
https://www.databridgemarketresearch.com/reports/global-wireless-ev-charging-market
Wireless Electric Vehicle (EV) Charging Market
Dynamics
Drivers
· Advantages
of wireless charging over wired charging
Wireless charging offers several advantages
over traditional wired charging methods. It eliminates the need for physical
cables and connectors, providing a seamless and convenient charging experience.
With wireless charging, there is no risk of wear and tear or damage to charging
cables. It also enhances safety by reducing the risk of electric shock.
Additionally, wireless charging enables greater flexibility and convenience,
allowing for effortless charging without the need for precise alignment or
physical connections.
· Increasing
support from governments for wireless charging
Governments worldwide are
recognizing the potential of wireless charging for electric vehicles (EVs) and
are actively supporting its development. With tax relaxation and financial
incentives, governments aim to encourage the adoption of EVs and the deployment
of wireless charging infrastructure. The advantages of wireless charging,
including increased convenience, enhanced safety, and reduced reliance on
charging stations, have attracted significant attention. For instance, a
company called Char.gy received a substantial investment of USD 3.01 million to
implement wireless charging technology on residential streets, further driving
the advancement of this promising EV charging solution.
Opportunities
Technological advancements
The wireless electric vehicle
charging market is witnessing continuous technological advancements, such as
improved efficiency, higher power transfer capabilities, and longer charging
distances. These advancements enhance the feasibility and attractiveness of
wireless EV charging solutions. Ongoing research and development efforts
present opportunities for innovation and the introduction of more efficient and
advanced wireless charging technologies.
Collaborations and partnerships
Collaboration between automakers,
charging infrastructure providers, and technology companies can drive the
growth of the wireless EV charging market. Partnerships can facilitate the
integration of wireless charging capabilities into electric vehicle models,
expand the charging network, and improve interoperability between different
charging systems. Collaborations can accelerate the adoption of wireless
charging and create a more seamless and interconnected charging ecosystem.
Points to focus in the Wireless EV Charging Market report
- The report offers market share appraisals for regional
and global Wireless EV Charging Market levels
- To gain detailed overview of parent Wireless EV
Charging Market
- Information about key drivers, restraints,
opportunities, and their impact analysis on the market size has been
provided.
- The study provides an in-depth analysis of the global
order management software market and current & future trends to
elucidate imminent investment pockets.
- Analyze and forecast Wireless EV Charging
Market on the basis of type, function and application.
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