Europe
Wireless Electric Vehicle Charging Market
The Europe
wireless electric vehicle charging market is growing, driven by
advancements in charging technology and the increasing adoption of electric
vehicles. European automakers and governments are investing in wireless
charging infrastructure as part of their efforts to promote zero-emission
mobility. The technology offers a convenient alternative to traditional charging
methods.
A wireless electric vehicle is possible
because of the concept of inductive coupling. An electric current passes
through a device, and the device stores the energy for use for charging at a
later date. The process can work only if an energy transfer station is present
that allows electrical energy to be transferred between two objects.
More people worldwide are buying electric
vehicles, which is part of what has been driving growth for wireless electric
vehicle charging stations. More than 2.1 million electric vehicles were sold
around the world, and that was in 2019.
There is an opportunity for growth in the
market. It comes in the fact that electric vehicles are increasing in
popularity, and electric cars are becoming more efficient in running for longer
between chargings.
Many governments have been actively trying to
promote the usage of electric vehicles by passing legislation that favors them.
People are also becoming more aware of different solutions to use for
transportation. It’s another factor that has been driving growth in the market.
The Wireless
Electric Vehicle Charging Market was worth USD 4.26 billion in 2020. It is
expected to be worth USD 42.62 billion in 2030. The global market is expected
to register a CAGR of 26.2% for the forecast period.
Segment
overview
The global Wireless Electric Vehicle Charging
Market can be separated into dynamic wireless and stationary wireless electric
by charging type. The former sub-segment is projected to command the largest
market share in the short-term future.
The global Wireless Electric Vehicle Charging
Market can be separated into 3 to 7.7 KW and 11-20 KW. 20-50 KW, and 50 and
above by power supply range. Each sub-segment is expected to command equal
market shares and register similar CAGRs for the forecast period.
The global Wireless Electric Vehicle Charging
Market can be separated into commercial and home charging stations by charging
station. Both sub-segments are expected to register equal CAGRs and command
equal market shares for the forecast period.
The global Wireless Electric Vehicle Charging
Market can be separated into base charging pads, power control units, and
vehicle charging pads by charging pads.
The global Wireless Electric Vehicle Charging
Market can be separated into the battery and plug-in electric vehicles by
propulsion. The lithium-ion battery sub-segment is proliferating and is
expected to drive the overall CAGR for wireless electric cars.
The global Wireless Electric Vehicle Charging
Market can be separated into passenger and commercial vehicles by type. More
people are moving about in the post-pandemic period. This is expected to make
up for the dramatic decrease in demand for passenger cars that the pandemic
period created.
The global Wireless Electric Vehicle Charging
Market can be separated into OEM and aftermarket by application.
The global Wireless
Electric Vehicle Charging Market can be grouped into North America, the
European Union, Asia-Pacific, and the rest of the world by geographic location.
Regional
analysis
The Asia-Pacific region is expected to
register the highest regional CAGR for the forecast period. The reason is that
fast economic growth in most Asian nations translates into a rapidly growing
and weather middle class that demands these types of vehicles. It’s especially
the case in China and Japan.
Wireless electric vehicles are growing in
popularity in the Asia-Pacific region partly because more people are aware of
the harmful effects of pollution, urbanization, and industrialization in the
region. They see wireless electric vehicles as a way to reduce these.
Industry
news
Robert Bosch GMBH recently started charging
$3000 to $4000 for charging wireless electric vehicles.
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