According to the report, Increasing Popularity of Pop-Up EV Chargers
is one of the primary growth factors for the market. Increase in Demand for Electric Vehicles
is also expected to contribute significantly to the Wireless Electric Vehicle (EV) Charging Systems market. Overall, Residential
applications of Wireless Electric Vehicle (EV) Charging Systems, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The , such as , is boosting the Wireless Electric Vehicle (EV) Charging Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Wireless Electric Vehicle (EV) Charging Systems market identified that the demand is rising in many different parts of the world as "Increasing Initiatives from Governments for Wireless Charging
". Furthermore, some recent industry insights like "In February 2022 Witricity had announced the launch of aftermarket wireless charging upgrade of WiTricity Halo. The WiTricity Halo update will enable 11 kW wireless charging, allowing for a charge rate of up to 35-40 miles of driving range per hour of charging time, comparable to today's Level 2 AC plug-in chargers in terms of speed and efficiency. The WiTricity Halo upgrade consists of three major components: a vehicle-mounted power receiver, a wall box that connects to electric power, and a charging pad that may be mounted on or in the ground." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Wireless Electric Vehicle (EV) Charging Systems market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Wireless Electric Vehicle (EV) Charging Systems market size is calculated using market estimation process, the Wireless Electric Vehicle (EV) Charging Systems market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Wireless Electric Vehicle (EV) Charging Systems market size has been validated using both top-down and bottom-up approaches.