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| Global Wireless Electric Vehicle Charging Market Size |
Wireless electric vehicle charging is a technological advancement in electric
vehicle infrastructure that allows electric vehicles to charge wirelessly through
inductive power transfer between charging pads installed on the ground and
receivers installed in the vehicle without any physical connection. Wireless
charging eliminates the need for plug-in charging and enables seamless charging
experience for users. The growing demand for convenience in electric vehicle
charging and the infrastructure development by various governments and
automakers is accelerating the adoption of wireless electric vehicle charging
technology.
The global
Wireless Electric Vehicle Charging Market is estimated to be valued at US$ 80 Mn in 2023 and is expected to
exhibit a CAGR of 24% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The widespread development of wireless charging infrastructure across highways,
streets, parking lots by various governments and automakers is one of the major
trends bolstering the growth of the wireless electric vehicle charging market.
For instance, BMW group has partnered with various states in Germany and cities
in China to install wireless charging roads and integrate charging technology
in new models. Similarly, Toyota, Nissan and General Motors are partnering with
EV charging companies to develop standardized wireless charging systems for
integration in future electric vehicles. The development of automated and
dynamic wireless charging systems that can charge electric vehicles even while
in motion is another emerging trend in the market. Standardization in wireless
charging technologies for wide scale commercialization and interoperability is
also propelling the wireless electric vehicle charging market growth.
Segment
Analysis
The global Wireless Electric Vehicle Charging market is segmented into four
sub-segments- Dynamic Wireless Charging System, Stationary Wireless Charging
System, Aftermarket System, and Integrated System. Among these, the Stationary
Wireless Charging System segment holds the dominant market share currently
owing to the availability of advanced technology in static charging
infrastructure and charging efficiency.
Key Takeaways
Global
Wireless Electric Vehicle Charging Market Size is expected to witness
high growth owing to rising demand for electric vehicles and the need for
efficient charging infrastructure.
Regional analysis: North America currently dominates the global market due to
supportive government policies promoting clean mobility and investments being
made by key players in the region for the development of wireless EV charging
technology. Asia Pacific is expected to be the fastest growing regional market
between 2023-2030 with China and Japan emerging as major markets in the region.
This can be attributed to the growing sales of EVs and investments in R&D
activities by OEMs based in these countries.
Key players operating in the Wireless Electric Vehicle Charging market are Naïo
Technologies, Dahlia Robotics GmbH, Ecorobotix, Carbon Robotics, Vision
Robotics Corporation, Harvest Automation, Soft Robotics Inc, Abundant Robotics,
Bosch Deepfield Robotics, Energreen, Saga Robotics, Blue River Technology,
VitiBot, Aigen. Leading players are focusing on partnerships, product innovation
and geographic expansion to strengthen their market presence. For instance,
Naïo Technologies recently partnered with Eaton to develop wireless EV charging
solutions for commercial vehicle fleets in North America.
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