The large-scale Dynamic Wireless EV Charging Market report provides market analysis by taking into account market structure along with forecasts for the various segments and sub-segments of the Dynamic Wireless EV Charging Market industry. An exhaustive analysis of factors influencing investment is also provided in this report, forecasting impending opportunities for businesses and developing strategies to improve return on investment (ROI). The data and information concerning the Dynamic Wireless EV Charging Market industry are derived from consistent sources such as websites, annual reports of companies, journals, and others and were checked and validated by market experts.
To prosper in this competitive marketplace, businesses greatly benefit if they adopt innovative solutions such as the Dynamic Wireless EV Charging Market research report. Numerous estimations and calculations have been executed in this market report by assuming a definite base year and the historic year. The report also provides knowledge of all the drivers and restraints derived through SWOT analysis. The large-scale Dynamic Wireless EV Charging Market report considers various factors that have a significant impact on the growth of businesses, including historic data, present market trends, environment, technological innovation, upcoming technologies, and technical progress in the Dynamic Wireless EV Charging Market industry.
Data Bridge Market Research analyses that the global dynamic wireless electric vehicle (EV) charging market which was USD 14,940.24 thousand in 2022, is expected to reach USD 3,36,549.07 thousand by 2030, growing at a CAGR of 47.6% during the forecast period of 2023 to 2030.
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Dynamic Wireless Electric Vehicle (EV) Charging Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015-2020) |
| Quantitative Units | Revenue in USD Thousand, Volumes in Units, Pricing in USD |
| Segments Covered | Power Supply (3 - 11 KW, 11-50 KW, 50 KW), Vehicle (Commercial Vehicles, Passenger Cars), Application (Commercial Charging Station, Home Charging Unit), Components (Base Charging Pad, Power Control Unit, Vehicle Charging Pad, Transmitter, Receiver), Charging Type (Dynamic Wireless Charging System, Stationary Wireless Charging System), Distribution Channel (Aftermarket, Original Equipment Manufacturer), Propulsion Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Charging Electric Vehicles), Charging System (Inductive Power Transfer, Capacitive Power Transfer, Magnetic Power Transfer, Resonance Inductive Power Transfer |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | Qualcomm Technologies, Inc. (U.S.), WiTricity Corporation. (U.S.), Continental AG (Germany), Bombardier (Canada), WAVE, LLC. (U.S.), Fortum (Finland), Hyundai Motor Company (India), Electreon (Israel), OpConnect, Inc., (Portland), Franklin Electric EV Systems (Germany), Siemens (India), Rockwell Automation (U.S.), TECO Electric Machinery Co.,Ltd. (Taiwan), HYOSUNG HEAVY INDUSTRIES. (South Korea), DENSO CORPORATION. (Japan), Wolong Electric Group (U.S.), WEG (Brazil), Johnson Electric Holdings Limited (Hong Kong) |
| Market Opportunities |
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Market Definition
Dynamic wireless electric vehicle (EV) charging refers to a kind of setup, which uses electromagnetic field to charge the vehicle with the help of electromagnetic induction. It allows cordless charging of the electric vehicle as it is a conductive charging technology. The works on the transmission of energy from a power source to a vehicle without use of any wires or cables. Furthermore, it is efficient, cost-effective, and safe in comparison with traditional charging systems. It also eliminates and reduces the use of physical connectors and cables. The rise in trend and growth of the wireless electric vehicle charging is propelling the market’s growth.
Global Dynamic Wireless Electric Vehicle (EV) Charging Market Dynamics
Drivers
- Advantages of wireless charging over wired charging
Electronic vehicles are zero-emission, sustainable, and very efficient due to all these qualities their use is increasing globally. Electric vehicles can be charged through two methods, plug-in and wireless power transfer. In plug-in, the commercial charging station charges the battery of electric vehicle through a cord or plug. In the wireless charging method, the battery of an electric vehicle is charged through wireless power transfer, and is mostly preferred by the consumers as it is easy to use and efficient. The wireless charging system has various advantages over wired charging such as the elimination of carrying and storing charging cables.
- Increase in sales of electric vehicles (EVs)
There is an increased demand for electric vehicles among the consumers. According the report by IEA organization, 2022, EV vehicles globally accounted 6.7 million units in 2021, a 3.7 million units in 2020. Along with this battery electric vehicles (BEVs) are around two-thirds of new electric vehicle registrations in 2020. The increasing sales and demand of electric vehicles globally is increasing the demand of dynamic wireless electric vehicle (EV) charging during the forecast period of 2023 to 2030.
Key points in the Dynamic Wireless EV Charging Market report
- Strategic recommendations in key business sections in light of the market estimations.
- Market share and size of all the foremost industry players
- Strategic proposals for the new participants
- To describe and forecast the Dynamic Wireless EV Charging Market, in terms of value, by process, product type, and industry.
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for Dynamic Wireless EV Charging Market leaders
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