What is Wireless Charging System for Electric Vehicles Market?
Wireless charging system allows EVs to automatically charge without the need of cables. Wireless EV charging technology is ideally suited to stationary wireless charging as it opens up the possibility of charging the electric vehicle battery while the vehicle is being driven. In recent times, the wireless charging system has become more popular for EVs due to its simplicity and more convenience. However, due to increasing ownership of EVs, the government of various countries is constructing EV corridors.
The market study is being classified by Type (Electromagnetic Induction and Magnetic Resonance), by Application (Passenger Vehicles and Commercial Vehicles) and major geographies with country level break-up.
Robert Bosch (Germany), WiTricity (United States), Texas Instruments (United States), Qualcomm (United States), Fulton Innovation (United States), Siemens (Germany), evMega (Hong Kong), Continental AG (Germany), ZTE Corporation (China) and Delta Electronics (Taiwan) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States and German Players will contribute to the maximum growth of Global Wireless Charging System for Electric Vehicles market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Wireless Charging System for Electric Vehicles market by Type, Application and Region.
On the basis of geography, the market of Wireless Charging System for Electric Vehicles 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Use and Adoption of EVs amongst Business and Consumers Due to Increasing Price of Fossil Fuel
- The Adoption of Wireless EV Charging Systems by Public Charging Stations Due to Increasing Number of EVs
- Energy Loss during the Transfer May Increases the Total Amount of Electricity Required
- Growing Infrastructural Developments like EV Corridors in Developed and Developing Countries and Evolution of Autonomous Vehicles
- Adding Wireless Charging to Roadways in densely populated urban areas May Hamper the Growth
Market Leaders and some development strategies
In January 2021, Ideanomics announced the acquisition of private wireless charger provider Wireless Advanced Vehicle Electrification (WAVE), Inc. WAVE provides commercially available wireless charging systems up to 250 kW for medium and heavy-duty electric vehicles. The acquisition of WAVE will accelerate significant growth for Ideanomics.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Wireless Charging System for Electric Vehicles Manufacturers, Suppliers and Distributors of Wireless Charging System for Electric Vehicles, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Wireless Charging System for Electric Vehicles Market?
"Increasing Use and Adoption of EVs amongst Business and Consumers Due to Increasing Price of Fossil Fuel
" is seen as one of major growth factors of Wireless Charging System for Electric Vehicles Market in years to come.
2. Can we have customized study for Wireless Charging System for Electric Vehicles Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Wireless Charging System for Electric Vehicles Market?
United States and German will lead Wireless Charging System for Electric Vehicles Market in coming years.