Wireless Charging Market for Electric Vehicles by Power Supply Range (3-<11, 11-50 & >50 KW), Application (Home & Commercial), Distribution Channel (Aftermarket & OE), Component, Charging System, Propulsion, Vehicle Type & Region - Global Forecast to 2027
[290 Pages Report] The global wireless charging market for electric vehicles is projected to grow from USD 15 million in 2022 to USD 377 million by 2027, at a CAGR of 88.4%. Factors such as rising sales of electric vehicles around the world, along with the increasing inclination towards autonomous driving technology by automotive OEMs will boost the demand for the wireless charging market for electric vehicles. Increasing investments for smart roads in several countries such as the US, Germany, and Italy, among others, in conjunction with increasing governmental support for wireless charging will create new opportunities for this market. For instance, in February 2022, the government of the US state of Michigan announced its plan to build an electrified road to charge moving electric vehicles. ElectReon, an Israel-based company, will develop an electric road system pilot project across a one-mile stretch of Detroit’s roadway to charge electric vehicles.
To know about the assumptions considered for the study, Request for Free Sample Report
Market Dynamics:
Driver: Advantages of wireless charging over wired charging
EVs are zero-emission, sustainable, and efficient vehicles, which are also the future of the automotive industry. The methodology of charging an electric vehicle is through the plug-in and wireless power transfer. In the plug-in method, the charging station charges the battery of an electric vehicle via a cord/plug. However, in the wireless charging method, the battery of an electric vehicle is charged through wireless power transfer. The wireless charging system has several advantages over wired charging. The major advantage of the wireless charging method is the elimination of carrying and storing cables. This typically avoids the risk associated with wires pertaining to wear and tear over time.
The wireless charging system could potentially reduce the size of the battery (with the concept of dynamic wireless charging) that is typically incorporated in the electric vehicle. Batteries currently being used in electric vehicles are large in size. However, by deploying wireless technology in electric vehicles, batteries of respective vehicles are likely to be smaller as well as lighter. These two specifications will, in turn, lower the overall costs of electric vehicles. Considering these advantages, automotive OEMs, such as Nissan, Hyundai, and Tesla, are heavily investing in wireless technology for electric vehicles, and few companies have incorporated wireless technology in their models. All these aforementioned parameters are expected to bolster the revenue growth of the wireless charging market for electric vehicles in the foreseeable future.
Restraint: High cost of upgrading to wireless charging technology
The wireless charging technology for electric vehicles requires transmitter and receiver coils for power transfer with a power control unit (PCU). The transmitter coil is installed in the base charging pad (BCP), and the receiver coil is installed underneath the vehicle charging pad (VCP). The complete aftermarket wireless charging system for home installation costs around USD 2,500–3,000. The implementation of wireless charging technology in an electric vehicle adds to the cost of the vehicle. Hence, this makes wireless electric vehicle charging more expensive.
The increasing demand for wireless charging and the mass production of electric vehicles will help lower the cost of wireless charging technology. Wireless charging technology is new to the electric vehicle market and is still in the introduction phase. However, this technology is expected to be incorporated by most of the automotive OEMs in their respective car models in the future. Hence, considering the economic environment and induced economies of scale, it can be inferred that the high cost of upgrading to wireless charging technology is a restraint.
Opportunity: Increasing support from governments for wireless charging
Government support and incentives for electric vehicles in many countries now extend to the development of wireless charging. The key advantages of wireless charging are full autonomy, no need for a charging station, reduced chance of the driver getting an electric shock during wired charging, and smaller battery units. Full autonomy helps in increasing the productive hours of the general public as they need not wait till the vehicle is charged. This increase in productive hours further helps in increasing the GDP of a nation. The other key aspect that favors the installation of wireless charging in urban areas, where space is a premium, is the reduced or no need for a charging station for dynamic charging.
In July 2019, the UK government granted approximately USD 48.5 million for 12 projects to enhance the experience of electric car owners/drivers. The government awarded USD 3.01 million to a company called char.gy to deploy wireless charging technology on residential streets. In December 2021, the first trial of wireless technology was successfully conducted in Marlow, Buckinghamshire.
In 2021, Sweden successfully tested a wireless charging road in order to revolutionize transportation activities as well as accelerate the switch towards electric mobility. Recently, ElectReon, a company based in Israel, completed the deployment of a dynamic wireless charging system on a 1.65-kilometer public road in Gotland, Sweden. A fully electric truck was charged on this smart road. The US state of Michigan has also finalized an agreement to build the first wireless charging road system in Detroit. ElectReon will deploy this dynamic charging technology to charge battery-powered cars and trucks in real-time in Detroit. The project is scheduled to be operational in 2023.
Challenge: Minimizing loss of efficiency
Wireless charging technology has witnessed high growth in the electric vehicle industry. In this technology, the electric vehicle can be charged by simply parking it above the base panel without any manual connection. However, wireless charging technology has some limitations. Power loss is about 7–12% higher in wireless charging technology compared to wired power transmission. In addition, the transmission range of a wireless charger through electromagnetic induction and/or magnetic resonance is limited to a certain distance. This limitation of range poses a serious challenge for manufacturers, especially in the case of LCVs and SUVs with high ground clearance. The efficiency of power is inversely proportional to the distance between the transmitter and the receiver. As strong electromagnetic fields can harm the biological environment, the issue of safety during vehicle charging is another concern in the wireless charging market for electric vehicles. Safety and efficiency issues have thus become a hurdle for manufacturers in this market.
3–<11 kW segment is estimated to account for the fastest-growing market during the forecast period
3–<11 kW is expected to be the fastest-growing segment by power supply range during the forecast period. Wireless charging systems with a capacity of 3–<11 kW are used for small and mid-sized battery-powered electric vehicles. At this power level, the wireless charging system can be made small and light enough to fit anywhere. Hence, it is suitable for home and workplace charging. Plugless Power Inc. launched a wireless charger with a capacity of 3.3 kW for Nissan Leaf and Chevrolet Volt. In 2016, WiTricity, along with Prodrive Technologies, introduced a wireless charging system that can charge a vehicle up to 11 kW at higher efficiency compared to wired charging systems. The 3–<11 KW segment is estimated to lead the market due to its usage in home charging and workplace charging where fast charging is not a concern.
Europe region is expected to register the highest growth in the 3-<11kW segment of the wireless charging market for electric vehicles during the forecast period. Market growth in Europe is attributed to the increasing sales of battery electric vehicles, which, in turn, lead to an increased demand for home charging units. Major OEMs such as BMW, Audi, and Mercedes are taking efforts for incorporating wireless charging in their vehicles. This would support the market growth in Europe.
BEV will be the fastest-growing segment during the forecast period
BEV is expected to be the fastest-growing segment by propulsion during the forecast period. The adoption of wireless charging systems is higher in BEVs than in PHEVs. The only source of power in BEVs is the battery, which needs to be charged regularly. The wireless charging system can be installed in home garages, public places, malls, and offices. Increasing investments by various countries, such as Germany, Gotland, the US, and Italy, among others, to incorporate wireless charging technology for battery electric vehicles are expected to create favorable opportunities for the BEV segment in the wireless charging market for electric vehicles in the coming years. Popular BEVs such as Nissan Leaf, Tesla Model S, and Jaguar I-Pace support wireless charging. Thus, the BEV segment is expected to be larger than the PHEV segment over the forecast period.
Europe is expected to be the largest market for BEVs in the wireless charging market for electric vehicles during the forecast period. The market growth in Europe can be attributed to the presence of leading automotive companies that use wireless charging technology. The use of wireless charging by leading players would encourage other key players in the automotive industry to adopt the wireless charging technology for BEVs. The increasing sales of BEVs in Europe, coupled with legislation targets set by the European Union in 2021 to cut CO2 emissions from cars by 55% and vans by 50% by 2030, are also expected to bolster revenues for the BEV segment in the region. For instance, in Europe, the battery electric vehicle car stock in 2019 was approximately 1 million units, and this figure reached 1.8 million units in 2020.
Asia Pacific is expected to be the fastest-growing market in the forecast period.
The Asia Pacific region comprises emerging economies such as China and India, along with developed nations such as Japan and South Korea. In recent years, the region has emerged as a hub for automobile production. The increased purchasing power of the population and growing concerns about the environment have triggered the demand for electric vehicles in the Asia Pacific region. The concept of reducing carbon emission by electrifying transportation has caught the attention of local and national governments. Hence, the use of electric vehicles has become popular in the region. Governments are focusing on providing extensive charging infrastructure to promote the use of electric vehicles. Rapid technological advancements in Japan and South Korea, which form the hub of electronic equipment manufacturing, are expected to reduce the cost of the wireless charging system used in electric vehicles. Reduced cost, in turn, is expected to drive the growth of the wireless charging market for electric vehicles in the region. The presence of some of the leading players in the market is also expected to support the growth of the Asia Pacific market. Some of the market players operating in this region are ZTE Corporation, Toshiba Corporation, Toyota Motor Corporation, and Mitsubishi Electric.
To know about the assumptions considered for the study, download the pdf brochure
Key Market Players
The wireless charging market for electric vehicles is dominated by major players including WiTricity Corporation (US), Momentum Dynamic Corporation (US), Plugless Power Inc. (US), Efacec (Portugal), and HEVO Inc. (US). They develop products/systems for the electric vehicle ecosystem. They have initiated partnerships to develop their wireless EV charging technology and provide finished products to their respective customers.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Market size available for years |
2018–2027 |
|
Base year considered |
2021 |
|
Forecast period |
2022-2027 |
|
Forecast units |
Volume (Units) and Value (USD Thousand) |
|
Segments covered |
Power Supply Range, Application, Distribution Channel, Component, Charging System, Charging Type, Propulsion Type Type, Vehicle Type, and Region |
|
Geographies covered |
Asia Pacific, Europe, North America, and RoW |
|
Companies Covered |
Witricity Corporation (US), Momentum Dynamic Corporation (US), Plugless Power Inc., (US), Efacec (Portugal), and HEVO Inc. (US). |
This research report categorizes the wireless charging market for electric vehicles based on application, component, charging type, distribution channel, propulsion type, vehicle type, power supply range, charging system, and region.
Based on Application:
- Commercial Charging Station
- Home Charging Unit
Based on Component:
- Base Charging Pad
- Power Control Unit
- Vehicle Charging Pad
Based on Charging Type:
- Dynamic Wireless Charging System
- Stationary Wireless Charging System
Based on Distribution Channel:
- Aftermarket
- OE Market
Based on Propulsion Type:
- BEV
- PHEV
Based on Vehicle Type:
- Commercial Vehicle
- Passenger Car
Based on Power Supply Range:
- 3–<11 kW
- 11–50 kW
- >50 kW
Based on Charging System:
- Magnetic Power Transfer
- Capacitive Power Transfer
- Inductive Power Transfer
Based on the Region:
-
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
-
North America (NA)
- US
- Canada
- Mexico
-
Europe (EU)
- Austria
- Denmark
- France
- Germany
- Netherlands
- Norway
- Russia
- Spain
- Sweden
- Switzerland
- UK
-
Rest of the World (RoW)
- Brazil
- South Africa
Recent Developments
- In December 2021, Toyota Motor Corporation started working on developing a dynamic wireless power transfer system that charges vehicles at the time of driving itself. This system uses devices embedded in roads, at city intersections, or on highways to charge vehicles while driving.
- In October 2021, WiTricity announced its patented technology wireless charging for BEVs in South Korea. This wireless charging technology will be used in Hyundai Genesis GV60, which is the first battery-electric vehicle of the Hyundai Genesis brand launched in 2018. By 2022, the Genesis GV60 will be available initially in South Korea.
- In May 2021, HEVO designed a ground-mounted pad and started production at the Flex contract manufacturing facility in Austin, Texas, which is expected to serve 200 units order received in the first quarter of 2021.
Frequently Asked Questions (FAQ):
What is the current size of the global wireless charging market for electric vehicles ?
The global wireless charging market for electric vehicles is projected to grow from USD 15 million in 2022 to USD 377 million by 2027, at a CAGR of 88.4%.
Who are the winners in the global market?
The market is dominated by major players including Witricity Corporation (US), Momentum Dynamic Corporation (US), Plugless Power Inc., (US), Efacec (Portugal), and HEVO Inc. (US). They develop products/systems for the electric vehicle ecosystem. They have initiated partnerships to develop their wireless EV charging technology and provide finished products to their respective customers.
Which region will have the fastest-growing market for wireless charging of electric vehicles?
The Asia Pacific region will be the fastest growing market for wireless charging of electric vehicles due to the increasing penetration of EVs, and increasing effort towards standardizing wireless charging in the region. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 27)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
TABLE 1 INCLUSIONS & EXCLUSIONS IN WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES
1.3 MARKET SCOPE
FIGURE 1 MARKETS COVERED
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY & PRICING
TABLE 2 CURRENCY EXCHANGE RATES
1.5 PACKAGE SIZE
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 33)
2.1 RESEARCH DATA
FIGURE 2 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for market for electric vehicles
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.1 List of primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 6 BOTTOM-UP APPROACH: WIRELESS CHARGING MARKET SIZE FOR ELECTRIC VEHICLES
2.2.2 TOP-DOWN APPROACH
FIGURE 7 TOP-DOWN APPROACH: MARKET FOR ELECTRIC VEHICLES
FIGURE 8 MARKET FOR ELECTRIC VEHICLES: MARKET ESTIMATION NOTES
2.3 DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION METHODOLOGY
2.4 FACTOR ANALYSIS
FIGURE 10 FACTOR ANALYSIS: MARKET FOR ELECTRIC VEHICLES
FIGURE 11 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 47)
FIGURE 12 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES: MARKET OVERVIEW
FIGURE 13 INTERESTING FACTS ON EV CHARGING
FIGURE 14 MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027
FIGURE 15 MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022 VS. 2027
FIGURE 16 KEY PLAYERS IN MARKET FOR ELECTRIC VEHICLES
4 PREMIUM INSIGHTS (Page No. - 53)
4.1 ATTRACTIVE OPPORTUNITIES IN WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES
FIGURE 17 INCREASING DEMAND FOR EVS TO BOOST GROWTH OF MARKET FOR ELECTRIC VEHICLES
4.2 MARKET FOR ELECTRIC VEHICLES, BY VEHICLE TYPE
FIGURE 18 PASSENGER CAR SEGMENT ESTIMATED TO LEAD MARKET FOR ELECTRIC VEHICLES DURING FORECAST PERIOD
4.3 WIRELESS CHARGING FOR MARKET ELECTRIC VEHICLES, BY PROPULSION TYPE
FIGURE 19 BEV SEGMENT ESTIMATED TO LEAD MARKET FOR ELECTRIC VEHICLES DURING FORECAST PERIOD
4.4 WIRELESS CHARGING FOR MARKET ELECTRIC VEHICLES, BY POWER SUPPLY RANGE
FIGURE 20 3–<11 KW SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD
4.5 MARKET FOR ELECTRIC VEHICLES, BY CHARGING SYSTEM
FIGURE 21 INDUCTIVE POWER TRANSFER SEGMENT ESTIMATED TO LEAD MARKET FOR ELECTRIC VEHICLES FROM 2022 TO 2027
4.6 MARKET FOR ELECTRIC VEHICLES, BY COMPONENT
FIGURE 22 POWER CONTROL UNIT SEGMENT ESTIMATED TO LEAD MARKET FOR ELECTRIC VEHICLES FROM 2022 TO 2027
4.7 MARKET FOR ELECTRIC VEHICLES, BY DISTRIBUTION CHANNEL
FIGURE 23 OE SEGMENT ESTIMATED TO LEAD MARKET FOR ELECTRIC VEHICLES FROM 2022 TO 2027
4.8 MARKET GROWTH RATE, BY REGION
FIGURE 24 EUROPE ESTIMATED TO BE LARGEST MARKET FOR WIRELESS CHARGING FOR ELECTRIC VEHICLES IN 2022
5 MARKET OVERVIEW (Page No. - 58)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 25 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising EV sales worldwide and increasing focus of automotive OEMs towards EVs
FIGURE 26 GLOBAL ELECTRIC CAR STOCK, BY REGION (2019 & 2020)
5.2.1.2 Rapid development of fast-charging infrastructure for electric vehicles
TABLE 3 TOP 5 COUNTRIES WITH PUBLIC CHARGING POINTS IN EUROPE, 2021
5.2.1.3 Advantages of wireless charging over wired charging
FIGURE 27 WIRED VS WIRELESS CHARGING TECHNOLOGY PICTORIAL REPRESENTATION
TABLE 4 COMPARISON OF WIRELESS AND PLUG-IN CHARGING
5.2.1.4 Strong governmental support towards emission-free and safe electric vehicles
FIGURE 28 EV SHIFT AND TARGETS OF COUNTRIES AROUND THE WORLD
FIGURE 29 NATIONAL SUBSIDIES FOR EV PURCHASE, 2020
TABLE 5 REGION-WISE EV AND CHARGING STATION SCENARIO
5.2.2 RESTRAINTS
5.2.2.1 High cost of upgrading to wireless charging technology
5.2.2.2 Lower charging efficiency compared to wired charging
FIGURE 30 CHARGING EFFICIENCY OF WIRED AND WIRELESS CHARGING
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing support from governments for wireless charging
5.2.3.2 Increasing investments for dynamic wireless charging technology
FIGURE 31 DYNAMIC WIRELESS CHARGING SYSTEM
5.2.4 CHALLENGES
5.2.4.1 Minimizing loss of efficiency
FIGURE 32 POWER EFFICIENCY IN WIRELESS CHARGING SYSTEM VS. PLUG-IN CHARGING SYSTEM
5.2.4.2 High investment in infrastructure for dynamic charging
TABLE 6 MARKET: IMPACT OF MARKET DYNAMICS
5.3 TRENDS AND DISRUPTIONS
FIGURE 33 REVENUE SHIFT DRIVING WIRELESS CHARGING FOR ELECTRIC VEHICLES MARKET GROWTH
5.4 KEY CONFERENCES & EVENTS IN 2022 & 2023
TABLE 7 MARKET FOR ELECTRIC VEHICLES: DETAILED LIST OF CONFERENCES & EVENTS
5.5 MARKET FOR ELECTRIC VEHICLES ECOSYSTEM
FIGURE 34MARKET FOR ELECTRIC VEHICLES: ECOSYSTEM ANALYSIS
5.5.1 WIRELESS EV CHARGING SYSTEM PROVIDERS
5.5.2 OEMS
5.5.3 CHARGING SERVICE PROVIDERS
5.5.4 END-USERS
TABLE 8 MARKET FOR ELECTRIC VEHICLES: ROLE OF COMPANIES IN ECOSYSTEM
5.6 VALUE CHAIN ANALYSIS
FIGURE 35 VALUE CHAIN ANALYSIS OF MARKET
5.7 PRICING ANALYSIS
FIGURE 36 MARKET FOR ELECTRIC VEHICLES: GLOBAL AVERAGE OE FITTED PRICING FOR 2022 & 2027
FIGURE 37 MARKET FOR ELECTRIC VEHICLES: GLOBAL AVERAGE AFTER MARKET PRICING FOR 2022 & 2027
5.8 PATENT ANALYSIS
TABLE 9 IMPORTANT PATENT REGISTRATIONS RELATED TO THE MARKET FOR ELECTRIC VEHICLES:
5.9 REGULATORY OVERVIEW
5.9.1 NETHERLANDS
TABLE 10 NETHERLANDS: ELECTRIC VEHICLE INCENTIVES
TABLE 11 NETHERLANDS: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES
5.9.2 GERMANY
TABLE 12 GERMANY: ELECTRIC VEHICLE INCENTIVES
TABLE 13 GERMANY: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES
5.9.3 FRANCE
TABLE 14 FRANCE: ELECTRIC VEHICLE INCENTIVES
TABLE 15 FRANCE: ELECTRIC VEHICLE CHARGING STATION INCENTIVES
5.9.4 UK
TABLE 16 UK: ELECTRIC VEHICLE INCENTIVES
TABLE 17 UK: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES
5.9.5 CHINA
TABLE 18 CHINA: ELECTRIC VEHICLE INCENTIVES
TABLE 19 CHINA: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES
5.9.6 US
TABLE 20 US: ELECTRIC VEHICLE INCENTIVES
TABLE 21 US: ELECTRIC VEHICLE CHARGING STATIONS INCENTIVES
5.9.7 CANADA
TABLE 22 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 23 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 24 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10 MARKET SCENARIOS (2022–2027)
FIGURE 38 MARKET FOR ELECTRIC VEHICLES – FUTURE TRENDS & SCENARIOS, 2022–2027 (USD THOUSAND)
5.10.1 MOST LIKELY SCENARIO
TABLE 25 MOST LIKELY SCENARIO, BY REGION, 2022–2027 (USD THOUSAND)
5.10.2 OPTIMISTIC SCENARIO
TABLE 26 OPTIMISTIC SCENARIO, BY REGION, 2022–2027 (USD THOUSAND)
5.10.3 PESSIMISTIC SCENARIO
TABLE 27 PESSIMISTIC SCENARIO, BY REGION, 2022–2027 (USD THOUSAND)
6 INDUSTRY TRENDS (Page No. - 89)
6.1 PORTER’S FIVE FORCES
FIGURE 39 PORTER’S FIVE FORCES: WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES
TABLE 28 MARKET FOR ELECTRIC VEHICLE: IMPACT OF PORTERS 5 FORCES
6.1.1 THREAT OF SUBSTITUTES
6.1.2 THREAT OF NEW ENTRANTS
6.1.3 BARGAINING POWER OF BUYERS
6.1.4 BARGAINING POWER OF SUPPLIERS
6.1.5 RIVALRY AMONG EXISTING COMPETITORS
TABLE 29 DEVELOPMENT OF WIRELESS CHARGING BY MAJOR AUTOMOTIVE OEMS
6.2 CASE STUDY
6.2.1 DELTA ELECTRONICS DEPLOYING WIRELESS CHARGING TECHNOLOGY
6.2.2 DAIHEN INCORPORATING WIRELESS CHARGING TECHNOLOGY
6.2.3 MASS TRANSIT CASE STUDY: MOMENTUM DYNAMICS CORPORATION
6.2.4 HEVO WIRELESS CHARGING TO THE NEXT LEVEL
6.3 TECHNOLOGICAL ANALYSIS
6.3.1 WIRELESS CHARGING SYSTEM TECHNOLOGY
TABLE 30 WIRELESS ELECTRIC VEHICLE CHARGING STANDARDS
6.3.1.1 Inductive coupling
FIGURE 40 INDUCTIVE COUPLING
6.3.1.2 Magnetic wireless charging
6.3.1.2.1 Magnetic resonance coupling
6.3.1.2.2 Magneto dynamic coupling (MDC)
FIGURE 41 MAGNETO DYNAMIC COUPLING
6.3.1.3 Capacitive wireless power transfer (CWPT)
6.4 2021 HIGHLIGHTS IN ELECTRIC VEHICLES ECOSYSTEM
FIGURE 42 NOTABLE EVENTS IN EV MARKET IN Q1 2021
FIGURE 43 NOTABLE EVENTS IN EV MARKET IN Q2 2021
FIGURE 44 NOTABLE EVENTS IN EV MARKET IN Q3 2021
FIGURE 45 NOTABLE EVENTS IN EV MARKET IN Q4 2021
7 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY APPLICATION (Page No. - 98)
7.1 INTRODUCTION
7.1.1 OPERATIONAL DATA
TABLE 31 POWER SUPPLY RANGE OFFERED BY COMPANIES
7.1.2 ASSUMPTIONS
TABLE 32 ASSUMPTIONS: BY APPLICATION
7.1.3 RESEARCH METHODOLOGY FOR APPLICATION SEGMENT
7.2 HOME CHARGING UNIT
7.2.1 INCREASING PENETRATION OF BEVS AND PHEVS LIKELY TO DRIVE DEMAND FOR HOME CHARGING UNITS
TABLE 33 WIRELESS HOME CHARGING UNIT MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (UNITS)
TABLE 34 WIRELESS HOME CHARGING UNIT MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
FIGURE 46 ELECTRIC CAR REGISTRATIONS, 2019 & 2020
7.3 COMMERCIAL CHARGING STATION
7.3.1 INCREASING CHARGING INFRASTRUCTURE INVESTMENTS AND CONCEPT OF ELECTRIC ROADS TO DRIVE COMMERCIAL CHARGING STATION SEGMENT
TABLE 35 WIRELESS ELECTRIC VEHICLE CHARGING ROAD PROJECTS
7.4 KEY PRIMARY INSIGHTS
8 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY COMPONENT (Page No. - 104)
8.1 INTRODUCTION
FIGURE 47 WIRELESS CHARGING TECHNOLOGY FOR ELECTRIC VEHICLE
FIGURE 48 BY COMPONENT, POWER CONTROL UNIT SEGMENT EXPECTED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD (2022-2027)
TABLE 36 MARKET FOR ELECTRIC VEHICLES, BY COMPONENT, 2018–2021 (USD THOUSAND)
TABLE 37 MARKET FOR ELECTRIC VEHICLES, BY COMPONENT, 2022–2027 (USD THOUSAND)
8.1.1 ASSUMPTIONS
TABLE 38 ASSUMPTIONS: BY COMPONENT
8.1.2 RESEARCH METHODOLOGY FOR COMPONENT SEGMENT
8.2 BASE CHARGING PAD
8.2.1 INCREASING TRIALS BASED ON WIRELESS TECHNOLOGY WILL DRIVE OVERALL MARKET GROWTH
FIGURE 49 BASE CHARGING PAD INSTALLED IN LISTON ROAD
TABLE 39 WIRELESS BASE CHARGING PAD MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 40 WIRELESS BASE CHARGING PAD MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (USD THOUSAND)
8.3 POWER CONTROL UNIT
8.3.1 GROWING EFFORTS FOR HIGH-PERFORMANCE WIRELESS CHARGING TO DRIVE SEGMENT GROWTH
TABLE 41 WIRELESS POWER CONTROL UNIT MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 42 WIRELESS POWER CONTROL UNIT MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (USD THOUSAND)
8.4 VEHICLE CHARGING PAD
8.4.1 INCREASING OFFERING OF WIRELESS CHARGING FACILITIES BY OEMS TO SUPPORT SEGMENT GROWTH
TABLE 43 WIRELESS VEHICLE CHARGING PAD MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 44 WIRELESS VEHICLE CHARGING PAD MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (USD THOUSAND)
8.5 KEY PRIMARY INSIGHTS
9 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY CHARGING SYSTEM (Page No. - 113)
9.1 INTRODUCTION
TABLE 45 COMPARISON OF WIRELESS CHARGING TECHNOLOGIES
FIGURE 50 BY CHARGING SYSTEM, INDUCTIVE POWER TRANSFER SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD (2022-2027)
TABLE 46 MARKET FOR ELECTRIC VEHICLES, BY CHARGING SYSTEM, 2018–2021 (UNITS)
TABLE 47 MARKET FOR ELECTRIC VEHICLES, BY CHARGING SYSTEM, 2022–2027 (UNITS)
9.1.1 OPERATIONAL DATA
TABLE 48 CHARGING SYSTEM USED BY KEY PLAYERS IN MARKET FOR ELECTRIC VEHICLES
TABLE 49 WIRELESS CHARGING TECHNOLOGIES APPLIED BY EV MODELS
9.1.2 ASSUMPTIONS
TABLE 50 ASSUMPTIONS: BY CHARGING SYSTEM
9.1.3 RESEARCH METHODOLOGY FOR CHARGING SYSTEM SEGMENT
9.2 MAGNETIC POWER TRANSFER
FIGURE 51 MAGNETIC RESONANCE TECHNOLOGY FOR EVS
9.3 INDUCTIVE POWER TRANSFER
FIGURE 52 INDUCTIVE POWER TRANSFER FOR EV CHARGING
FIGURE 53 WIRELESS CHARGING SOLUTION BY IPT TECHNOLOGY IN EUROPE
9.4 CAPACITIVE POWER TRANSFER
9.5 KEY PRIMARY INSIGHTS
10 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY CHARGING TYPE (Page No. - 121)
10.1 INTRODUCTION
10.1.1 OPERATIONAL DATA
TABLE 51 STATIONARY VS. DYNAMIC WIRELESS CHARGING FOR ELECTRIC VEHICLES
10.1.2 ASSUMPTIONS
TABLE 52 ASSUMPTIONS: BY CHARGING TYPE
10.1.3 RESEARCH METHODOLOGY FOR CHARGING TYPE SEGMENT
10.2 STATIONARY WIRELESS CHARGING SYSTEM
10.2.1 STRONG GOVERNMENTAL SUPPORT TOWARDS EV INFRASTRUCTURE PAIRED WITH INCREASING SALES OF EVS LIKELY TO DRIVE MARKET
FIGURE 54 STATIC WIRELESS CHARGING TECHNOLOGY
TABLE 53 FEATURES OF STATIONARY WIRELESS CHARGING SYSTEM
TABLE 54 STATIONARY WIRELESS CHARGING SYSTEM MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (UNITS)
TABLE 55 STATIONARY WIRELESS CHARGING SYSTEM MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
10.3 DYNAMIC WIRELESS CHARGING SYSTEM
10.3.1 INCREASING INVESTMENT IN DYNAMIC CHARGING PROJECTS, PAIRED WITH IMPROVED EFFICIENCY TO DRIVE SEGMENT GROWTH
FIGURE 55 DYNAMIC WIRELESS CHARGING TECHNOLOGY
TABLE 56 FEATURES OF DYNAMIC WIRELESS CHARGING SYSTEM
FIGURE 56 ELECTRIC BUS REGISTRATIONS IN EUROPE AND CHINA, 2015-2020 (IN THOUSAND UNITS)
10.4 KEY PRIMARY INSIGHTS
11 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY DISTRIBUTION CHANNEL (Page No. - 129)
11.1 INTRODUCTION
FIGURE 57 BY DISTRIBUTION CHANNEL, OE SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD (2022-2027)
TABLE 57 MARKET FOR ELECTRIC VEHICLES, BY DISTRIBUTION CHANNEL, 2018–2021 (UNITS)
TABLE 58 MARKET FOR ELECTRIC VEHICLES, BY DISTRIBUTION CHANNEL, 2022–2027 (UNITS)
TABLE 59MARKET FOR ELECTRIC VEHICLES, BY DISTRIBUTION CHANNEL, 2018–2021 (USD THOUSAND)
TABLE 60 MARKET FOR ELECTRIC VEHICLES, BY DISTRIBUTION CHANNEL, 2022–2027 (USD THOUSAND)
11.1.1 OPERATIONAL DATA
TABLE 61 TYPES OF DISTRIBUTION CHANNELS FOR DIFFERENT COMPANIES
11.1.2 ASSUMPTIONS
TABLE 62 ASSUMPTIONS: BY DISTRIBUTION CHANNEL
11.1.3 RESEARCH METHODOLOGY FOR DISTRIBUTION CHANNEL SEGMENT
11.2 AFTERMARKET
11.2.1 INCREASING CONSUMER ACCEPTANCE OF WIRELESS CHARGING SYSTEMS WILL DRIVE AFTERMARKET SEGMENT
TABLE 63 WIRELESS CHARGING AFTERMARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (UNITS)
TABLE 64 WIRELESS CHARGING AFTERMARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
TABLE 65 WIRELESS CHARGING AFTERMARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 66 WIRELESS CHARGING AFTERMARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (USD THOUSAND)
11.3 OE
11.3.1 TECHNOLOGICAL ADVANCEMENTS IN WIRELESS CHARGING OF ELECTRIC VEHICLES BY OEMS WILL DRIVE MARKET
TABLE 67 WIRELESS CHARGING OE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
TABLE 68 WIRELESS CHARGING OE MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (USD THOUSAND)
11.4 KEY PRIMARY INSIGHTS
12 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY POWER SUPPLY RANGE (Page No. - 137)
12.1 INTRODUCTION
FIGURE 58 BY POWER SUPPLY RANGE, 3–<11 KW SEGMENT EXPECTED TO LEAD DURING FORECAST PERIOD (2022-2027)
TABLE 69 MARKET FOR ELECTRIC VEHICLES, BY POWER SUPPLY RANGE, 2018–2021 (UNITS)
TABLE 70 MARKET FOR ELECTRIC VEHICLES, BY POWER SUPPLY RANGE, 2022–2027 (UNITS)
12.1.1 OPERATIONAL DATA
TABLE 71 COMPANIES OFFERING POWER SUPPLY RANGE
12.1.2 ASSUMPTIONS
TABLE 72 ASSUMPTIONS: BY POWER SUPPLY RANGE
12.1.3 RESEARCH METHODOLOGY FOR POWER SUPPLY RANGE SEGMENT
12.2 3–<11 KW
12.2.1 INCREASING DEMAND FOR HOME CHARGING UNITS WILL DRIVE MARKET
TABLE 73 3–<11 KW MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 74 3–<11 KW MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
12.3 11–50 KW
12.3.1 INCREASING FOCUS ON LUXURY ELECTRIC VEHICLES WILL FUEL MARKET GROWTH
TABLE 75 11–50 KW MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (UNITS)
TABLE 76 11–50 KW MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
12.4 >50 KW
12.4.1 DEVELOPMENT OF WIRELESS CHARGING INFRASTRUCTURE FOR COMMERCIAL VEHICLES EXPECTED TO BOOST DEMAND
TABLE 77 >50 KW MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
12.5 KEY PRIMARY INSIGHTS
13 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY VEHICLE TYPE (Page No. - 144)
13.1 INTRODUCTION
FIGURE 59 BY VEHICLE TYPE, PASSENGER CAR SEGMENT EXPECTED TO LEAD DURING FORECAST PERIOD (2022-2027)
TABLE 78 MARKET FOR ELECTRIC VEHICLES, BY VEHICLE TYPE, 2018–2021 (UNITS)
TABLE 79 MARKET FOR ELECTRIC VEHICLES, BY VEHICLE TYPE, 2022–2027 (UNITS)
TABLE 80 MARKET FOR ELECTRIC VEHICLES, BY VEHICLE TYPE, 2018–2021 (USD THOUSAND)
TABLE 81 MARKET FOR ELECTRIC VEHICLES, BY VEHICLE TYPE, 2022–2027 (USD THOUSAND)
13.1.1 OPERATIONAL DATA
TABLE 82 ELECTRIC VEHICLE SALES, BY VEHICLE TYPE, (2018-2020) (THOUSAND UNITS)
13.1.2 ASSUMPTIONS
TABLE 83 ASSUMPTIONS: BY VEHICLE TYPE
13.1.3 RESEARCH METHODOLOGY FOR VEHICLE TYPE SEGMENT
13.2 PASSENGER CAR
13.2.1 INCREASING INVESTMENTS IN AUTONOMOUS DRIVING TECHNOLOGY COUPLED WITH EASY OPERATION OF WIRELESS CHARGING WILL DRIVE PASSENGER CAR SEGMENT
TABLE 84 WIRELESS PASSENGER CAR CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (UNITS)
TABLE 85 WIRELESS PASSENGER CAR CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
TABLE 86 WIRELESS PASSENGER CAR CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 87 WIRELESS PASSENGER CAR CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (USD THOUSAND)
13.3 COMMERCIAL VEHICLE
13.3.1 SIGNIFICANT GROWTH IN ELECTRIC BUS ADOPTION WILL DRIVE DEMAND FOR WIRELESS CHARGING TECHNOLOGY IN COMMERCIAL VEHICLES
13.3.2 ELECTRIC BUSES
FIGURE 60 OPERATING CONDITIONS OF WIRELESSLY CHARGED 3 DOUBLE-DECKER BUSES ON ROUTE 69, LONDON
13.3.3 ELECTRIC VANS
13.3.4 ELECTRIC PICK-UP TRUCKS
13.3.5 ELECTRIC TRUCKS
TABLE 88 WIRELESS COMMERCIAL VEHICLE CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
TABLE 89 WIRELESS COMMERCIAL VEHICLE CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (USD THOUSAND)
13.4 KEY PRIMARY INSIGHTS
14 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE (Page No. - 154)
14.1 INTRODUCTION
FIGURE 61 BATTERY ELECTRIC VEHICLE VS PLUG-IN HYBRID ELECTRIC VEHICLE
FIGURE 62 BY PROPULSION TYPE, BEV SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD (2022-2027)
TABLE 90 MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 91 MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 92 MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 93 MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
14.1.1 OPERATIONAL DATA
TABLE 94 PASSENGER CAR MODELS PROPULSION TYPE
14.1.2 ASSUMPTIONS
TABLE 95 ASSUMPTIONS: BY PROPULSION TYPE
14.1.3 RESEARCH METHODOLOGY FOR PROPULSION TYPE SEGMENT
14.2 BATTERY ELECTRIC VEHICLE (BEV)
14.2.1 INCREASING SALES OF BATTERY ELECTRIC VEHICLES WILL BOOST DEMAND FOR WIRELESS CHARGING
TABLE 96 WIRELESS BEV CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (UNITS)
TABLE 97 WIRELESS BEV CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
TABLE 98 WIRELESS BEV CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 99 WIRELESS BEV CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (USD THOUSAND)
14.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
14.3.1 RISING POPULARITY OF LUXURY PHEV EXPECTED TO DRIVE MARKET
FIGURE 63 BASIC OPERATION OF BEV VS PHEV
TABLE 100 WIRELESS PHEV CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (UNITS)
TABLE 101 WIRELESS PHEV CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
TABLE 102 WIRELESS PHEV CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 103 WIRELESS PHEV CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (USD THOUSAND)
14.4 KEY PRIMARY INSIGHTS
15 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION (Page No. - 164)
15.1 INTRODUCTION
FIGURE 64 MARKET FOR ELECTRIC VEHICLES, BY REGION, 2020 VS. 2027 (USD THOUSAND)
TABLE 104 MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (UNITS)
TABLE 105 MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (UNITS)
TABLE 106 MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 107 MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2027 (USD THOUSAND)
15.2 ASIA PACIFIC
FIGURE 65 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 108 ASIA PACIFIC: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2018–2021 (UNITS)
TABLE 109 ASIA PACIFIC: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2027 (UNITS)
TABLE 110 ASIA PACIFIC: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2018–2021 (USD THOUSAND)
TABLE 111 ASIA PACIFIC: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2027 (USD THOUSAND)
15.2.1 CHINA
15.2.1.1 Increasing efforts towards standardizing wireless charging to support market growth
TABLE 112 CHINA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 113 CHINA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 114 CHINA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 115 CHINA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.2.2 INDIA
15.2.2.1 Favorable government policies will impact market positively
TABLE 116 INDIA: MARKET, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 117 INDIA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.2.3 JAPAN
15.2.3.1 Development of advanced EV technology will fuel market
TABLE 118 JAPAN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 119 JAPAN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.2.4 SOUTH KOREA
15.2.4.1 Increasing investments by key players for wireless charging technology will drive market
TABLE 120 SOUTH KOREA: MARKET, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 121 SOUTH KOREA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 122 SOUTH KOREA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 123 SOUTH KOREA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3 EUROPE
FIGURE 66 EUROPE: MARKET SNAPSHOT
TABLE 124 EUROPE: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2018–2021 (UNITS)
TABLE 125 EUROPE: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2027 (UNITS)
TABLE 126 EUROPE: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2018–2021 (USD THOUSAND)
TABLE 127 EUROPE: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2027 (USD THOUSAND)
15.3.1 AUSTRIA
15.3.1.1 Focus on automated charging for commercial EV fleets to drive wireless charging market growth
TABLE 128 AUSTRIA: MARKET, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 129 AUSTRIA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 130 AUSTRIA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 131 AUSTRIA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3.2 DENMARK
15.3.2.1 Favorable government policies towards EVs will drive market
TABLE 132 DENMARK: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 133 DENMARK: MARKET, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 134 DENMARK: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 135 DENMARK: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3.3 FRANCE
15.3.3.1 Increased sales of PHEVs and BEVs would fuel market growth in France
TABLE 136 FRANCE: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 137 FRANCE: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 138 FRANCE: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 139 FRANCE: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3.4 GERMANY
15.3.4.1 Increasing development in EVs and related technology will boost market in Germany
TABLE 140 GERMANY: MARKET, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 141 GERMANY: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 142 GERMANY: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 143 GERMANY: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3.5 NETHERLANDS
15.3.5.1 Huge investments in EV technology expected to boost overall market growth
TABLE 144 NETHERLANDS: MARKET, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 145 NETHERLANDS: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 146 NETHERLANDS: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 147 NETHERLANDS: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3.6 NORWAY
15.3.6.1 Rapid advancements in wireless charging systems would drive market growth
TABLE 148 NORWAY: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 149 NORWAY: MARKET, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 150 NORWAY: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 151 NORWAY: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3.7 RUSSIA
15.3.7.1 Increasing focus on EV technology driving demand for wireless charging systems
TABLE 152 RUSSIA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 153 RUSSIA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3.8 SPAIN
15.3.8.1 Increasing focus on low emission vehicles driving demand for wireless charging systems
TABLE 154 SPAIN: MARKET, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 155 SPAIN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 156 SPAIN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 157 SPAIN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3.9 SWEDEN
15.3.9.1 Rapid investments in dynamic wireless charging would accelerate market growth
TABLE 158 SWEDEN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 159 SWEDEN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 160 SWEDEN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 161 SWEDEN: MARKET, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3.10 SWITZERLAND
15.3.10.1 Increasing government support for EVs will boost market
TABLE 162 SWITZERLAND: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 163 SWITZERLAND: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 164 SWITZERLAND: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 165 SWITZERLAND: MARKET, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.3.11 UK
15.3.11.1 Increased financial support from government would drive market
TABLE 166 UK: MARKET, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 167 UK: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 168 UK: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 169 UK: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.4 NORTH AMERICA
FIGURE 67 NORTH AMERICA: MARKET FOR ELECTRIC VEHICLES SNAPSHOT
TABLE 170 NORTH AMERICA: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2018–2021 (UNITS)
TABLE 171 NORTH AMERICA: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2027 (UNITS)
TABLE 172 NORTH AMERICA: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2018–2021 (USD THOUSAND)
TABLE 173 NORTH AMERICA: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2027 (USD THOUSAND)
15.4.1 CANADA
15.4.1.1 Developments in EV infrastructure will fuel market growth
TABLE 174 CANADA: MARKET, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 175 CANADA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.4.2 MEXICO
15.4.2.1 Rising awareness of low emission vehicles will drive market
TABLE 176 MEXICO: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 177 MEXICO: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.4.3 US
15.4.3.1 Presence of wireless EV charging system manufacturers and increased EV sales will boost market
TABLE 178 US: MARKET, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 179 US: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 180 US: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2018–2021 (USD THOUSAND)
TABLE 181 US: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.5 REST OF THE WORLD (ROW)
FIGURE 68 ROW: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022 VS. 2027 (USD THOUSAND)
TABLE 182 ROW: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2027 (UNITS)
TABLE 183 ROW: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2027 (USD THOUSAND)
15.5.1 BRAZIL
15.5.1.1 Increasing government support for electric vehicles will boost demand for wireless charging systems
TABLE 184 BRAZIL: MARKET, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 185 BRAZIL: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.5.2 SOUTH AFRICA
15.5.2.1 Growing adoption of EVs will impact market
TABLE 186 SOUTH AFRICA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 187 SOUTH AFRICA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE, 2022–2027 (USD THOUSAND)
15.5.3 UAE
15.5.4 MOROCCO
15.5.5 ISRAEL
15.5.6 OTHERS
16 COMPETITIVE LANDSCAPE (Page No. - 209)
16.1 OVERVIEW
16.2 MARKET RANKING ANALYSIS FOR MARKET
FIGURE 69 MARKET RANKING ANALYSIS, 2021
16.3 COMPETITIVE SCENARIO
16.3.1 DEALS
TABLE 188 DEALS, 2018–2021
16.3.2 NEW PRODUCT LAUNCHES
TABLE 189 NEW PRODUCT LAUNCHES, 2018–2021
16.3.3 OTHERS, 2018–2021
TABLE 190 EXPANSIONS, 2018–2021
16.4 COMPANY EVALUATION QUADRANT FOR MARKET
16.4.1 STARS
16.4.2 EMERGING LEADERS
16.4.3 PERVASIVE
16.4.4 PARTICIPANTS
FIGURE 70 MARKET FOR ELECTRIC VEHICLES: COMPANY EVALUATION QUADRANT, 2021
TABLE 191 MARKET FOR ELECTRIC VEHICLES: COMPANY FOOTPRINT, 2021
TABLE 192 MARKET FOR ELECTRIC VEHICLES: APPLICATION FOOTPRINT, 2021
TABLE 193 MARKET FOR ELECTRIC VEHICLES: REGIONAL FOOTPRINT, 2021
16.5 COMPETITIVE EVALUATION QUADRANT, SME PLAYERS
16.5.1 PROGRESSIVE COMPANIES
16.5.2 RESPONSIVE COMPANIES
16.5.3 DYNAMIC COMPANIES
16.5.4 STARTING BLOCKS
FIGURE 71 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES: COMPETITIVE LEADERSHIP MAPPING SME, 2021
TABLE 194 MARKET FOR ELECTRIC VEHICLES: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 195 MARKET FOR ELECTRIC VEHICLES: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES
16.6 RIGHT TO WIN, 2018-2021
TABLE 196 RIGHT TO WIN, 2018-2021
17 COMPANY PROFILES (Page No. - 226)
(Business overview, Products offered, Recent developments & MnM View)*
17.1 KEY PLAYERS
17.1.1 WITRICITY CORPORATION
FIGURE 72 EV OWNERS’ INTEREST IN WIRELESS CHARGING
FIGURE 73 EV OWNERS’ OPINION ABOUT WIRELESS CHARGING
TABLE 197 WITRICITY CORPORATION: BUSINESS OVERVIEW
TABLE 198 WITRICITY CORPORATION: PRODUCTS OFFERED
TABLE 199 WITRICITY CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 200 WITRICITY CORPORATION: DEALS
TABLE 201 WITRICITY CORPORATION: OTHERS
17.1.2 MOMENTUM DYNAMICS CORPORATION
TABLE 202 MOMENTUM DYNAMICS CORPORATION: BUSINESS OVERVIEW
TABLE 203 MOMENTUM DYNAMICS CORPORATION: PRODUCTS OFFERED
TABLE 204 CHARGING POWER OFFERED BY MOMENTUM DYNAMICS
TABLE 205 MOMENTUM DYNAMICS CORPORATION: DEALS
TABLE 206 MOMENTUM DYNAMICS CORPORATION: OTHERS
17.1.3 EFACEC
TABLE 207 EFACEC: BUSINESS OVERVIEW
FIGURE 74 EFACEC: COMPANY SNAPSHOT
TABLE 208 EFACEC: PRODUCTS OFFERED
TABLE 209 EFACEC: DEALS
17.1.4 PLUGLESS POWER INC.
TABLE 210 PLUGLESS POWER INC.: BUSINESS OVERVIEW
TABLE 211 PLUGLESS POWER INC.: PRODUCTS OFFERED
TABLE 212 PLUGLESS POWER INC.: DEALS
17.1.5 HEVO INC.
TABLE 213 HEVO INC.: BUSINESS OVERVIEW
TABLE 214 HEVO INC.: PRODUCTS OFFERED
TABLE 215 HEVO INC: NEW PRODUCT DEVELOPMENTS:
TABLE 216 HEVO INC: DEALS
17.1.6 ROBERT BOSCH GMBH
TABLE 217 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
FIGURE 75 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 218 ROBERT BOSCH GMBH: PRODUCTS OFFERED
TABLE 219 ROBERT BOSCH GMBH: DEALS
17.1.7 TOYOTA MOTOR CORPORATION
TABLE 220 TOYOTA MOTOR CORPORATION: BUSINESS OVERVIEW
FIGURE 76 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
TABLE 221 TOYOTA MOTOR CORPORATION: PRODUCTS OFFERED
TABLE 222 TOYOTA MOTOR CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 223 TOYOTA MOTOR CORPORATION: DEALS
17.1.8 HELLA KGAA HUECK & CO.
TABLE 224 HELLA KGAA HUECK & CO.: BUSINESS OVERVIEW
FIGURE 77 HELLA KGAA HUECK & CO.: COMPANY SNAPSHOT
FIGURE 78 HELLA KGAA HUECK & CO.: EMPLOYEES SNAPSHOT
TABLE 225 HELLA KGAA HUECK & CO.: PRODUCTS OFFERED
TABLE 226 HELLA KGAA HUECK & CO.: DEALS
17.1.9 TGOOD GLOBAL LTD.
TABLE 227 TGOOD GLOBAL LTD.: BUSINESS OVERVIEW
TABLE 228 TGOOD GLOBAL LTD.: PRODUCTS OFFERED
TABLE 229 TGOOD GLOBAL LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 230 TGOOD GLOBAL LTD.: DEALS
17.1.10 IPT TECHNOLOGY GMBH
TABLE 231 IPT TECHNOLOGY GMBH: BUSINESS OVERVIEW
TABLE 232 IPT TECHNOLOGY GMBH: PRODUCTS OFFERED
TABLE 233 IPT TECHNOLOGY GMBH: DEALS
TABLE 234 IPT TECHNOLOGY GMBH: OTHERS
17.1.11 ZTE CORPORATION
TABLE 235 ZTE CORPORATION: BUSINESS OVERVIEW
TABLE 236 ZTE CORPORATION: PRODUCTS OFFERED
FIGURE 79 ZTE CORPORATION: COMPANY SNAPSHOT
TABLE 237 ZTE CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 238 ZTE CORPORATION: DEALS
17.1.12 CONTINENTAL AG
TABLE 239 CONTINENTAL AG.: BUSINESS OVERVIEW
FIGURE 80 CONTINENTAL AG.: BUSINESS LOCATIONS AND EMPLOYEES
FIGURE 81 CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 240 CONTINENTAL AG: PRODUCTS OFFERED
TABLE 241 CONTINENTAL AG: NEW PRODUCT DEVELOPMENTS
TABLE 242 CONTINENTAL AG: DEALS
TABLE 243 CONTINENTAL AG: OTHERS
17.1.13 TOSHIBA CORPORATION
TABLE 244 TOSHIBA CORPORATION: BUSINESS OVERVIEW
FIGURE 82 TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 245 TOSHIBA CORPORATION: PRODUCTS OFFERED
TABLE 246 TOSHIBA CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 247 TOSHIBA CORPORATION: DEALS
17.1.14 MOJO MOBILITY
TABLE 248 MOJO MOBILITY: BUSINESS OVERVIEW
TABLE 249 MOJO MOBILITY: PRODUCTS OFFERED
TABLE 250 MOJO MOBILITY: NEW PRODUCT DEVELOPMENTS
TABLE 251 MOJO MOBILITY: DEALS
17.1.15 ELIX WIRELESS INC.
TABLE 252 ELIX WIRELESS INC.: BUSINESS OVERVIEW
TABLE 253 ELIX WIRELESS INC.: PRODUCTS OFFERED
TABLE 254 ELIX WIRELESS INC.: NEW PRODUCT DEVELOPMENTS
TABLE 255 ELIX WIRELESS INC.: DEALS
TABLE 256 ELIX WIRELESS INC.: OTHERS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
17.2 OTHER KEY PLAYERS
17.2.1 WAVE
TABLE 257 WAVE: BUSINESS OVERVIEW
17.2.2 LEAR CORPORATION
TABLE 258 LEAR CORPORATION: BUSINESS OVERVIEW
17.2.3 BMW
TABLE 259 BMW: BUSINESS OVERVIEW
17.2.4 FORTUM CORPORATION
TABLE 260 FORTUM CORPORATION: BUSINESS OVERVIEW
17.2.5 MITSUBISHI ELECTRIC
TABLE 261 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
17.2.6 HYUNDAI
TABLE 262 HYUNDAI: BUSINESS OVERVIEW
17.2.7 ELECTREON
TABLE 263 ELECTREON: BUSINESS OVERVIEW
17.2.8 INTIS
TABLE 264 INTIS: BUSINESS OVERVIEW
17.3 ADJACENT MARKET PLAYERS IN ELECTRIC VEHICLE CHARGING SOLUTIONS
17.3.1 LEVITON
TABLE 265 LEVITON: BUSINESS OVERVIEW
17.3.2 ALLEGO
TABLE 266 ALLEGO: BUSINESS OVERVIEW
17.3.3 BLINK CHARGING
TABLE 267 BLINK CHARGING: BUSINESS OVERVIEW
17.3.4 CLIPPERCREEK
TABLE 268 CLIPPERCREEK: BUSINESS OVERVIEW
17.3.5 SEMACONNECT
TABLE 269 SEMACONNECT: BUSINESS OVERVIEW
17.3.6 WEBASTO
TABLE 270 WEBASTO: BUSINESS OVERVIEW
17.3.7 OPCONNECT
TABLE 271 OPCONNECT: BUSINESS OVERVIEW
17.3.8 EVGO
TABLE 272 EVGO: BUSINESS OVERVIEW
17.3.9 VOLTA
TABLE 273 VOLTA: BUSINESS OVERVIEW
17.3.10 EV SAFE CHARGE
TABLE 274 EV SAFE CHARGE: BUSINESS OVERVIEW
17.3.11 CHARGEPOINT
TABLE 275 CHARGEPOINT: BUSINESS OVERVIEW
17.3.12 NEW MOTION
TABLE 276 NEW MOTION B.V.: BUSINESS OVERVIEW
17.3.13 ALFEN
TABLE 277 ALFEN: BUSINESS OVERVIEW
17.3.14 IONITY
TABLE 278 IONITY: BUSINESS OVERVIEW
17.3.15 WALLBOX CHARGERS, S.L.
TABLE 279 WALLBOX CHARGERS, S.L.: BUSINESS OVERVIEW
17.3.16 HELIOX
TABLE 280 HELIOX: BUSINESS OVERVIEW
17.3.17 SPARK HORIZON
TABLE 281 SPARK HORIZON: BUSINESS OVERVIEW
17.3.18 BP CHARGEMASTER
TABLE 282 BP CHARGEMASTER: BUSINESS OVERVIEW
17.3.19 POD POINT
TABLE 283 POD POINT: BUSINESS OVERVIEW
17.3.20 ECOG
TABLE 284 ECOG: BUSINESS OVERVIEW
18 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 283)
18.1 EUROPE WILL BE MAJOR MARKET FOR WIRELESS CHARGING FOR ELECTRIC VEHICLES
18.2 ASIA PACIFIC EXPECTED TO BE KEY FOCUS FOR MANUFACTURERS
18.3 CHINA AND SOUTH KOREA WILL BE PROMISING MARKETS FOR MANUFACTURERS IN COMING YEARS
18.4 HOME CHARGING UNIT CAN BE KEY FOCUS FOR MANUFACTURERS
18.5 CONCLUSION
19 APPENDIX (Page No. - 285)
19.1 KEY INSIGHTS OF INDUSTRY EXPERTS
19.2 DISCUSSION GUIDE
19.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
19.4 AVAILABLE CUSTOMIZATIONS
19.5 RELATED REPORTS
19.6 AUTHOR DETAILS
The study involves 4 main activities to estimate the current size of the wireless charging for electric vehicle market. Exhaustive secondary research was done to collect information on the market such as the use of wireless EV charging technology in vehicles. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size of different segments considered in this study. Market breakdown and data triangulation were then used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, publications of automobile OEMs, Publications of EVs, EV and green energy associations, American Automobile Association (AAA), Alternative Fuels Data Center (AFDC), European Alternative Fuels Observatory (EAFO), International Energy Agency (IEA), country-level automotive associations, automobile magazines, articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases (for example, Marklines, and Factiva) have been used to identify and collect information useful for an extensive commercial study of the global wireless charging market for electric vehicles.
Primary Research
Extensive primary research was conducted after acquiring an understanding of the wireless charging market for electric vehicles scenarios through secondary research. Several primary interviews were conducted with market experts from both the demand (country-level government associations, and trade associations, institutes, R&D centers, OEMs/vehicle manufacturers) and supply (component manufacturers) side across five major regions, namely, North America, Europe and Asia Pacific. 17% of the experts involved in primary interviews were from the demand side, and 83% were from the supply side of the industry. Primary data was collected through questionnaires, emails, and telephonic interviews. Several primary interviews were conducted from various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in the report.
After interacting with industry participants, some brief sessions were conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject matter experts’ opinions, has led to the findings delineated in the rest of this report.Following is the breakdown of primary respondents
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up approach was used to estimate and validate the total size of the wireless charging market for electric vehicles. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industry’s future supply chain and market size, in terms of volume, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
-
To define, segment, and forecast the wireless charging market for electric vehicles
(2018–2027), in terms of volume (units) and value (USD thousand) - To segment the market and forecast its size by charging type, component, application, charging system, Propulsion Type type, power supply range, distribution channel, vehicle type, and region
- To segment the market based on application and estimate the home charging unit subsegment by volume and commercial charging station subsegment by qualitative insights
- To segment the market based on charging type and estimate the stationary wireless charging system subsegment by volume and dynamic wireless charging system subsegment by qualitative insights
- To segment the market and forecast its size based on vehicle type—passenger car and commercial vehicle
- To segment the market and forecast its size, by volume, based on distribution channel—aftermarket and original equipment (OE) market
- To segment the market and forecast its size, by value, based on component—base charging pad (BCP), power control unit (PCU), and vehicle charging pad (VCP)
- To segment the market and forecast its size, by volume and value, based on power supply range—3–<11 kW, 11–50 kW, and > 50 kW
- To segment the market and forecast its size, by volume, based on Propulsion Type type—battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV)
- To segment the market and forecast its size, by volume, based on charging system—inductive power transfer, magnetic power transfer, and capacitive power transfer
- To forecast the market size with respect to key regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
- To strategically analyze the market with respect to individual growth trends, prospects, and contribution to the total market
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To analyze the opportunities for stakeholders and the competitive landscape for market leaders
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations in line with company-specific needs.
- Wireless Charging Market for Electric Vehicles, By Distribution Channel at Country Level (For countries covered in the report)
- Wireless Charging Market for Electric Vehicles, By Vehicle Type at Country Level (For countries covered in the report)
Company Information
- Profiles of additional market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in Wireless Charging Market
Which geography is expected to grow at the highest rate among others in the global Wireless Charging Market for Electric Vehicles from 2022 to 2030?