Wireless
Electric Vehicle Charging Market Overview
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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