About Wireless Electric Vehicle Charger
Electric vehicles can now be charged wirelessly without the use of a socket. It won't be a good thing if every manufacturer develops proprietary standards for wireless charging systems that are incompatible with other systems. Therefore, many international organisations, including the International Electro Technical Commission (IEC), the Society of Automotive Engineers (SAE), Underwriters Laboratories (UL), and Institute of Electrical and Electronics Engineers (IEEE), are developing standards to make wireless EV charging more user-friendly. Although additional issues are highlighted alongside electric charging stations, charging electric automobiles has been the main worry in advancing the energy transition. Owners of electric vehicles no longer have to wait for hours at a charging station thanks to the advent of the wireless charging technology.
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The degree of competitiveness on the international market is very high. With the recent increase in demand for electric vehicles, a large number of players have entered the market, intensifying the level of competition. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Wireless Electric Vehicle Charger market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tesla (United States), Nissan (Japan), Chevrolet (United States), ABB (Switzerland), Leviton United States, WiTricity (United States), Convenient Power (Hong Kong), Siemens (Germany), Delphi Automotive (United Kingdom) and Bosch Group (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Qualcomm (United States).
AMA Research has segmented the market of Global Wireless Electric Vehicle Charger market by , Application (Static Wireless Charging and Dynamic Wireless Charging) and Region.
On the basis of geography, the market of Wireless Electric Vehicle Charger has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle, the sub-segment i.e. Passenger Car will boost the Wireless Electric Vehicle Charger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wireless Charging System, the sub-segment i.e. Capacitive Wireless Charging System (CWCS) will boost the Wireless Electric Vehicle Charger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Magnetic Resonance Technology will boost the Wireless Electric Vehicle Charger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Wireless Electric Vehicle Charger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In South Korea, WiTricity made an announcement about their unique wireless charging system for BEVs. The Hyundai Genesis GV60, the first battery-electric vehicle from the Hyundai Genesis line to be released in 2018, will make use of this wireless charging technology. The Genesis GV60 will be originally offered in South Korea by 2022.
The governmental bodies of emerging economies such as China and India have declared a large number of expensive stimulus packages to assist the EV market in overcoming an economic crisis brought into the world by Covid-19 by providing financial assistance heavily in the high mechanized and emerging charging infrastructure. China is one of the first few countries that provide and investment packages to stimulate and regulate its automotive industry. This is prone to drive the expansion of the EV charging system market during the estimated period.
- Increased Demand for Wireless Connected Devices
- Rise in Awareness and Surge in Demand for Electric Cars
- Reduction in Charging Duration Appears
- Slower Charging Rate
- Higher Price Integration of Technology As Compared To Traditional Cable Chargers
- To Install Static And Dynamic Wireless Charging Stations On The Roads, New Infrastructure Development Is Required As Current Arrangement Are Not Suitable For The Installations
- Need To Maintain the EMC, EMI and Frequencies as Per Standards for the Human Health and Safety Concern
Key Target Audience
Wireless Electric Vehicle Charger Provider
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.