Wireless Charging Market

Wireless Charging Market for Electric Vehicles by Propulsion (BEVs, PHEVs), Application (Home & Commercial), Charging Type (Stationary & Dynamic), Component, Power Supply Range, Charging System, Vehicle Type & Region - Global Forecast to 2030

Report Code: AT 5554 Oct, 2023, by marketsandmarkets.com

[238 Pages Report] The global wireless charging market for electric vehicles size is projected to grow from USD 80 million in 2023 to USD 1279 million by 2030, at a CAGR of 48.4%. Increasing focus toward V2G power transfer and increasing penetration of electric vehicles, paired with strong government support towards wireless EV charging are anticipated to increase the demand for wireless charging for electric vehicles technology all over the world.

Wireless Charging Market for Electric Vehicles

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Wireless Charging Market for Electric Vehicles

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Wireless Charging Market For Electric Vehicles:

Driver: Focus on wireless V2G energy transfer

Vehicle-to-Grid (V2G) is a technology where electric vehicles communicate with the power grid to regulate the charging rate or return the electricity to the grid. Vehicle-to-Grid (V2G) communication is likely to gain significant traction in the EV ecosystem market in the foreseeable future. This is especially due to the increasing penetration of electric vehicles globally, particularly in Asia Pacific. For instance, China is focusing on increasing electric vehicles to combat the rising emissions in the country. In addition, V2G offers various economic, environmental, and operational benefits, which are the key factors expected to increase the demand for V2G.

As countries shift more power generation to renewable sources such as wind and solar, electric vehicles and their batteries can help move energy to the power grid to balance supply as well as demand. For instance, WiTricity Corporation stated that wireless charging can improve the overall V2G (Vehicle-to-Grid) experience. Its wireless EV charging is proven to support Vehicle-to-Grid (V2G). This will help contribute to a more sustainable and stable energy grid. All these aforementioned parameters are expected to bolster the revenue growth of the wireless charging market for electric vehicles.

Restraint: Lower charging efficiency than wired charging

Wireless EV charging systems have a lower charging efficiency compared to wired EV chargers. This leads to the wastage of power and increased charging costs. Wired charging is an economical option for daily use. The efficiency of wired EV charging usually varies between 90% and 95% while that of wireless EV charging is usually less than 80%, especially in motion. The wired EV charging process is also much faster compared to the wireless EV charging process. The cost-wise performance of wired EV charging is also much better compared to wireless ones due to the difficulty of deployment in different conditions. Additionally, wireless charging systems require precise alignment between the charging pad and the receiver coil of an EV. If the alignment is off or the distance between the coils is not optimal, then the efficiency of power transfer decreases significantly. This limitation does not apply to wired chargers, which provide a more reliable and consistent connection. All these aforementioned factors are expected to restrain the growth of the wireless charging market for electric vehicles to a certain extent.

Opportunity: Increasing demand for semi-autonomous vehicles

The demand for semi-autonomous vehicles has increased significantly in the last few years. The development of such cars accelerates the growth of the wireless charging market for electric vehicles during the forecast period. Semi-autonomous vehicles are self-driven vehicles which can sense their environment and navigate to the destination with partial human physical input and can be operated through voice commands. These cars are equipped with advanced functions such as park assist, forward collision avoidance and advanced cruise control. Integrating wireless EV charging into these vehicles can further enhance this convenience, allowing drivers to effortlessly charge their vehicles without needing to physically plug them in.

The increasing inclination towards semi-autonomous and autonomous vehicles is likely to increase demand for wireless EV charging systems. Several semi-autonomous vehicles are equipped with features such as self-parking. Thus, wireless EV charging technology can be integrated into these self-parking systems, enabling the vehicle to autonomously position itself over a wireless charging pad for efficient and hands-free charging. All these aforementioned factors are expected to support the market growth for wireless EV charging systems.

Challenge: Higher investment in infrastructure for dynamic charging

The wireless charging market for electric vehicles, based on charging type, has been segmented into stationary and dynamic charging. In stationary charging, electric vehicles are charged wirelessly using charging pads when they are parked. In the case of dynamic charging, the vehicle can be charged while it is in motion. Dynamic charging can be done on a special road equipped with charging panels embedded under the road. The major hurdle or obstacle for dynamic charging technology is the high investment in infrastructure for building roads equipped with wireless charging technology. The loss of energy in dynamic charging has not yet been disclosed by the manufacturers.

Dynamic charging systems are generally more complex and costly to implement compared to stationary wireless charging solutions. High investment in dynamic charging could lead to a focus on the most expensive and technically challenging approach, potentially making wireless EV charging solutions less accessible and affordable for consumers.

In May 2017, Qualcomm Technologies Inc. demonstrated its dynamic charging technology using Renault Kangoo vans in Versailles, France. In the test run, vehicles equipped with wireless charging technology were driven at 100 km/hour over embedded pads on the road, which charged the vehicle batteries at 20 kW. The usage of heavy power helped in charging the battery at a fast rate. The common stationary home charger uses 3.3 kW to 6.6 kW of power and takes a couple of hours to charge the vehicle fully. The 100-meter road equipped with charging pads cost USD 10.1 million, which was partly funded by the European Commission.

Wireless Charging For Evs Market Ecosystem

The ecosystem analysis highlights various players in the wireless charging for EVs ecosystem, which is primarily represented by OEMs, tier 1 integrators/suppliers, and others. Prominent companies in this market include WiTricity Corporation (US), ElectReon (Israel), InductEV Inc. (US), Plugless Power Inc. (US), Wave Charging (US), and ENRX (Norway), among others.

Wireless Charging Market for Electric Vehicles

Passenger car segment is expected to witness significant growth rate in the global wireless charging for EVs market during the forecast period

The passenger car segment is expected to have significant growth opportunities in the wireless charging market for electric vehicles during the forecast period. This is owing to the increasing efforts by automotive OEMs to incorporate wireless charging systems in their vehicles such as Hyundai Motor Company (South Korea) offers wireless charging as an option on the GV60 and FAW’s HongQi electric vehicles, and Volvo Car Corporation (Sweden) offers wireless charging as an option on the Volvo XC40 Recharge electric SUV. Increasing customer awareness, technological advancements, and government incentives as in 2019, the EU set a target of having 30 million electric vehicles on the road by 2030, to achieve this target, the EU is offering several incentives, such as tax breaks and grants. All these aforementioned factors are anticipated to bolster the revenue growth of the passenger car segment during the forecast period.

Compared to ICE automobiles, the waiting time for electric vehicles is short in countries like China. Sales of electric vehicles are anticipated to increase in the near future in Europe as a result of the increasingly strict pollution standards. As per the white house.gov, by 2030, the federal government of the United States wants to sell 50% of new electric passenger automobiles and light trucks. Automotive OEMs such as Tesla Inc. (US), Volkswagen (Germany), Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), and Ford Motor Company (US) are also investing in the electric vehicle segment owing to the increasing demand for EVs. Increasing the inclination of automotive OEMs towards electrification will certainly increase the demand for wireless charging systems. As such, the use of wireless charging technology is being actively explored by automotive OEMs including Hyundai, BMW Group, and Mercedes Benz Group. Rising awareness about the benefits of electric passenger cars and increasing investments in autonomous driving technology are expected to bolster revenues for the passenger car segment during the forecast period.

BEV segment is expected to be the largest in wireless charging market for EVs during the forecast period

BEVs in the wireless charging market for electric vehicles is expected to be the largest market in Asia Pacific during the forecast period. Several automotive OEMs such as FAW (China), Hyundai Motor Company (South Korea) offer wireless EV charging technology as a standard option in their few vehicle models. Additionally, due to the rising popularity of electric vehicles and more stringent emission standards, battery electric vehicles have a significant growth potential in the market for wireless charging for electric vehicles. Wireless charging manufacturers are also focusing on growth strategies such as new product development, geographical expansion, etc. in the Asia Pacific region. All these aforementioned parameters are expected to bolster the revenue growth for BEV segment of the market for EVs.

Europe is expected to have the noticeable 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 wireless charging technology for BEVs. For instance, according to International Energy Agency (IEA), the BEV car sales in 2021 were 1.2 million units which have grown to 1.6 million units in the year 2022. Thus, an increase in sales of BEVs will lead to increasing investments in EV charging ecosystem. Owing to this, wireless charging providers have stared collaborating with automotive OEMs and charging point providers to offer efficient wireless EV charging solution for EV owners. For instance, in February 2023, HEVO Inc. (US), a leading provider of wireless electric vehicle (EV) charging technology, and Stellantis N.V. (Netherlands), a worldwide automaker and mobility provider, partnered to integrate wireless charging into Stellantis’ electric vehicles. This will enable a superior charging experience for Stellantis’ electric vehicles users. All these aforementioned parameters are expected to increase the demand for the market in the battery-electric vehicle segment.

Magnetic resonance charging segment is expected to have significant growth opportunities in wireless charging market for EVs during the forecast period

The magnetic resonance charging segment is expected to hold the largest share of the wireless charging market for electric vehicles in 2023. This is owing to the increasing acceptance of magnetic resonance charging technology by automotive OEMS such as Hyundai Motor Company (South Korea) and FAW (China) for their several vehicle models. However, inductive charging technology is expected to have significant opportunities during the forecast period. As such, leading wireless charging providers such as InductEV Inc., HEVO Inc., and WAVE Charging, among others, use inductive charging technology for wireless electric vehicle charging. More companies are expected to adopt the inductive power transfer charging system in electric vehicles in the near future.

“The Asia pacific wireless charging market for electric vehicles is projected to hold the largest share by 2030.”

Asia Pacific is estimated to be the largest market for EVs wireless charging by 2030. In this region, countries such as China, Japan, and South Korea are expected to take the lead in autonomous driving technology in the coming years. Leading automobile manufacturers in this region, such as Toyota Motor Corporation, Nissan Motor Co. Ltd., Mitsubishi Motors, and Honda Motor Co., Ltd., have partnered with wireless charging provider to increase the market in region. China is expected to be the most influential factor in the Asia Pacific wireless charging for EVs market in terms of value & volume. The presence of leading market players, such as Shenzhen Vmax New Energy Co., LTD. and WiTricity Corporation, and the high customer base are expected to bolster the revenue growth of the wireless charging market for electric vehicles in China during the forecast period.

Wireless Charging Market for Electric Vehicles Size, and Share

Key Market Players

The global wireless charging market for EVs is dominated by major players such as WiTricity Corporation, ElectReon, InductEV Inc., Plugless Power Inc., Wave Charging, and ENRX, among others.

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Scope of the Report

Report Metric

Details

Market size available for years

2022–2030

Base year considered

2022

Forecast period

2023-2028

Forecast units

Volume (Units) & Value (USD Thousand)

Segments covered

Power Supply Range, Application, Component, Charging System, Charging Type, Propulsion, Vehicle Type, and Region

Geographies covered

Asia Pacific, North America, Europe, and Rest of the World

Companies Covered

WiTricity Corporation (US), InductEV Inc. (US), Plugless Power Inc. (US), Electreon (Israel), and HEVO Inc. (US).
More than 20 major players are covered under the report.

This research report categorizes the wireless charging market for electric vehicles based on application, component, charging system, charging type, power supply range, propulsion, vehicle type, and region

Wireless Charging Market for Electric Vehicles, By Application:
  • Commercial Charging Stations
  • Home Charging Units
Wireless Charging Market for Electric Vehicles, By Component:
  • Base Charging Pads
  • Power Control Units
  • Vehicle Charging Pads
Wireless Charging Market for Electric Vehicles, By Charging Type:
  • Dynamic Wireless Charging Systems
  • Stationary Wireless Charging Systems
Wireless Charging Market for Electric Vehicles, By Propulsion:
  • BEVs
  • PHEVs
Wireless Charging Market for Electric Vehicles, By Vehicle Type:
  • Commercial Vehicles
  • Passenger Cars
Wireless Charging Market for Electric Vehicles, By Power Supply Range:
  • Up to 3.7 kW
  • Above 3.7–7.7 kW
  • Above 7.7–11 kW
  • Above 11 kW
Wireless Charging Market for Electric Vehicles, By Charging System:
  • Magnetic Resonance Charging
  • Inductive Charging
  • Capacitive Charging
Wireless Charging Market for Electric Vehicles, By Region
  • North America
  • Europe
  • Asia Pacific
  • RoW

Recent Developments

  • In July 2023, WiTricity Corporation announced the FastTrack Integration Program for vehicle manufacturers. This streamlined program enables automotive OEMs to begin evaluation as well as testing of electric vehicles with wireless charging in just 90 days. The wireless charging will be fully enabled and operational on the automaker’s EV platform using the company’s Halo receiver & Halo 11kW charger.
  • In June 2023, Leading manufacturer of commercial vehicles of Nederland, GINAF Trucks collaborated with Electreon to integrate Electreon’s wireless charging system on a GINAF 50-ton truck model. Further to this Electreon and GINAF are also looking at aftermarket installations on additional GINAF trucks, and Mercedes-Benz chassis.
  • In April 2023, WiTricity Corporation along with ABT e-Line (Germany), announced to bring wireless EV charging to the streets of Europe. With demonstrated experience working with the Volkswagen Group (VW), ABT e- Line (Germany) will initially upgrade the VW ID.4 model to support wireless charging technology offered by WiTricity Corporation. This model (with wireless charging technology) is expected to be available in the market by early 2024.
  • In February 2023, HEVO Inc. collaborated with Stellantis NV (a leading global automaker and mobility provider) to integrate/incorporate wireless charging technology into Stellantis electric vehicles. This, in turn, will enable a superior charging experience with safety, efficiency, and durability.
  • In May 2022, the WAVE Charging received a second order of WAVE 250kW wireless charging systems for new Gillig battery-electric buses by Twin Transit which are scheduled to arrive in late 2023.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           TABLE 1 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES DEFINITION, BY CHARGING TYPE
           TABLE 2 MARKET FOR ELECTRIC VEHICLES DEFINITION, BY CHARGING SYSTEM
           TABLE 3 MARKET FOR ELECTRIC VEHICLES DEFINITION, BY VEHICLE TYPE
           TABLE 4 MARKET FOR ELECTRIC VEHICLES DEFINITION, BY PROPULSION
           1.2.1 INCLUSIONS AND EXCLUSIONS
                    TABLE 5 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           FIGURE 1 MARKET SEGMENTATION
           1.3.1 REGIONAL ANALYSIS
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 6 USD EXCHANGE RATES
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA 
           FIGURE 2 RESEARCH DESIGN
           FIGURE 3 RESEARCH PROCESS FLOW
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                    2.1.2.1 List of primary participants
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 RECESSION IMPACT ANALYSIS
           2.2.2 BOTTOM-UP APPROACH
                    FIGURE 6 DETAILED ILLUSTRATION OF BOTTOM-UP APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.3 TOP-DOWN APPROACH
                    FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                    FIGURE 9 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES: MARKET SIZE ESTIMATION NOTES
    2.3 DATA TRIANGULATION 
           FIGURE 10 DATA TRIANGULATION
    2.4 FACTOR ANALYSIS 
           FIGURE 11 FACTOR ANALYSIS
           FIGURE 12 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 50)
    FIGURE 13 OVERVIEW OF WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES 
    FIGURE 14 MARKET FOR ELECTRIC VEHICLES, BY REGION, 2023–2030 
    FIGURE 15 MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2023 VS. 2030 
    FIGURE 16 MARKET FOR ELECTRIC VEHICLES, BY CHARGING SYSTEM, 2023 VS. 2030 
    FIGURE 17 KEY PLAYERS IN MARKET FOR ELECTRIC VEHICLES 
 
4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES 
           FIGURE 18 INCREASING DEMAND FOR EVS TO DRIVE MARKET
    4.2 MARKET FOR ELECTRIC VEHICLES, BY VEHICLE TYPE FOR REGION 
           FIGURE 19 PASSENGER CARS IN EUROPE TO HAVE SIGNIFICANT GROWTH FROM 2023 TO 2030
    4.3 MARKET FOR ELECTRIC VEHICLES, BY PROPULSION TYPE 
           FIGURE 20 BEVS TO LEAD MARKET FOR ELECTRIC VEHICLES DURING FORECAST PERIOD
    4.4 MARKET FOR ELECTRIC VEHICLES, BY POWER SUPPLY RANGE 
           FIGURE 21 ABOVE 7.7-11 KW TO DOMINATE MARKET DURING FORECAST PERIOD
    4.5 MARKET FOR ELECTRIC VEHICLES, BY CHARGING SYSTEM 
           FIGURE 22 MAGNETIC RESONANCE CHARGING SEGMENT TO LEAD MARKET FROM 2023 TO 2030
    4.6 MARKET FOR ELECTRIC VEHICLES, BY CHARGING TYPE FOR REGION 
           FIGURE 23 CHARGING TYPE MARKET IN EUROPE TO GROW AT FASTEST RATE FROM 2023 TO 2030
    4.7 MARKET FOR ELECTRIC VEHICLES, BY COMPONENT 
           FIGURE 24 VEHICLE CHARGING PADS SEGMENT TO HAVE HIGHEST GROWTH FROM 2023 TO 2030
    4.8 MARKET FOR ELECTRIC VEHICLES, BY REGION 
           FIGURE 25 EUROPE TO HAVE SIGNIFICANT MARKET GROWTH DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 26 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing penetration of electric vehicles worldwide
                               FIGURE 27 GLOBAL BEV AND PHEV SALES, 2018–2022
                               FIGURE 28 MONETARY EV INCENTIVES IN WESTERN EUROPE (2022)
                               TABLE 7 MAJOR ANNOUNCEMENTS ON ELECTRIFICATION, 2021–2022
                    5.2.1.2 Growing focus on wireless V2G energy transfer
                               FIGURE 29 V2G ENERGY TRANSFER
                               TABLE 8 VEHICLES SUPPORTING V2G TECHNOLOGY
                    5.2.1.3 Rapid development of fast-charging infrastructure for electric vehicles
                               TABLE 9 TOP COUNTRIES WITH PUBLIC CHARGING POINTS IN EUROPE, 2021–2022
                    5.2.1.4 Rising benefits of wireless charging
                               FIGURE 30 WIRED VS. WIRELESS CHARGING TECHNOLOGY
                               FIGURE 31 PLUG-IN CHARGING TECHNOLOGY
                               FIGURE 32 OPERATION OF WIRELESS CHARGING TECHNOLOGY
                               TABLE 10 COMPARISON OF WIRELESS AND PLUG-IN CHARGING
                    5.2.1.5 Strong government support for emission-free electric vehicles and wireless charging solutions
                               FIGURE 33 SHIFT TO EVS BY COUNTRIES AND GLOBAL TARGETS
                               TABLE 11 ELECTRIFICATION TARGETS OF OEMS FOR LIGHT-DUTY VEHICLES SINCE 2022
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of upgrading to wireless charging technology
                    5.2.2.2 Lower charging efficiency than wired charging
                               FIGURE 34 CHARGING EFFICIENCY OF WIRED AND WIRELESS CHARGING
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for semi-autonomous vehicles
                               TABLE 12 LEVEL OF AUTONOMY IN ELECTRIC VEHICLES, 2019–2022
                    5.2.3.2 Reduced prices of electric vehicles
                               FIGURE 35 PRICING ANALYSIS OF EV BATTERIES
                    5.2.3.3 Increasing support from governments for wireless charging
                    5.2.3.4 Increasing investments in dynamic wireless charging technology
           5.2.4 CHALLENGES
                    5.2.4.1 Minimizing loss of efficiency
                               FIGURE 36 POWER EFFICIENCY IN WIRELESS CHARGING SYSTEMS VS. PLUG-IN CHARGING SYSTEMS
                    5.2.4.2 High investment in developing charging infrastructure
           5.2.5 IMPACT OF MARKET DYNAMICS
                    TABLE 13 IMPACT OF MARKET DYNAMICS
    5.3 PRICING ANALYSIS 
           5.3.1 AVERAGE SELLING PRICE TRENDS, BY REGION
                    FIGURE 37 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES: GLOBAL AVERAGE OE FITTED PRICING, 2023 VS. 2030
    5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 38 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN MARKET FOR ELECTRIC VEHICLES
    5.5 ECOSYSTEM MAPPING 
           FIGURE 39 ECOSYSTEM ANALYSIS
           5.5.1 WIRELESS EV CHARGING SYSTEM PROVIDERS
           5.5.2 OEMS
           5.5.3 CHARGING STATION SERVICE PROVIDERS
           5.5.4 ENERGY SERVICE PROVIDERS AND PAYMENT GATEWAYS
           5.5.5 END USERS
                    TABLE 14 ROLE OF COMPANIES IN ECOSYSTEM
    5.6 SUPPLY CHAIN ANALYSIS 
           FIGURE 40 SUPPLY CHAIN ANALYSIS
    5.7 PATENT ANALYSIS 
           5.7.1 INTRODUCTION
                    FIGURE 41 PATENT PUBLICATION TRENDS (2010–2022)
           5.7.2 LEGAL STATUS OF PATENTS (2022)
                    FIGURE 42 LEGAL STATUS OF PATENTS FILED FOR WIRELESS EV CHARGING, 2022
           5.7.3 TOP PATENT APPLICANTS, 2022
                    FIGURE 43 WIRELESS EV CHARGING, BY APPLICANT
                    TABLE 15 INNOVATIONS AND PATENT REGISTRATIONS, 2016–2022
    5.8 TARIFF AND REGULATORY LANDSCAPE 
           5.8.1 REGULATIONS FOR WIRELESS EV CHARGING
                    TABLE 16 WIRELESS ELECTRIC VEHICLE CHARGING STANDARDS
                    TABLE 17 EV CHARGING STANDARDS
           5.8.2 LIST OF KEY REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 18 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 19 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 20 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.9 WIRELESS CHARGING MARKET SCENARIOS FOR ELECTRIC VEHICLES (2023–2030) 
           5.9.1 MOST LIKELY SCENARIO
                    TABLE 21 MOST LIKELY SCENARIO, BY REGION, 2023–2030 (USD THOUSAND)
           5.9.2 OPTIMISTIC SCENARIO
                    TABLE 22 OPTIMISTIC SCENARIO, BY REGION, 2023–2030 (USD THOUSAND)
           5.9.3 PESSIMISTIC SCENARIO
                    TABLE 23 PESSIMISTIC SCENARIO, BY REGION, 2023–2030 (USD THOUSAND)
    5.10 CASE STUDY ANALYSIS 
           5.10.1 DELTA ELECTRONICS DEPLOYED WIRELESS CHARGING TECHNOLOGY
           5.10.2 DAIHEN CORPORATION INCORPORATED WIRELESS CHARGING TECHNOLOGY
           5.10.3 HEVO INC. INCORPORATED WIRELESS CHARGING TO MEET INDUSTRY STANDARDS
    5.11 TECHNOLOGY ANALYSIS 
           5.11.1 WIRELESS CHARGING SYSTEM TECHNOLOGY
                    5.11.1.1 Inductive coupling
                               FIGURE 44 INDUCTIVE COUPLING
                    5.11.1.2 Magnetic wireless charging
                               5.11.1.2.1 Magnetic resonance coupling
                               5.11.1.2.2 Magneto dynamic coupling (MDC)
                               FIGURE 45 MAGNETO DYNAMIC COUPLING
                    5.11.1.3 Capacitive wireless power transfer (CWPT)
                    5.11.1.4 Bi-directional chargers
                               FIGURE 46 BI-DIRECTIONAL EV CHARGING ENERGY FLOW CYCLE
                    5.11.1.5 Integration of IoT in EV charging stations
                               FIGURE 47 ROLE OF IOT IN EV CHARGING SYSTEMS
           5.11.2 DEVELOPMENT OF WIRELESS CHARGING BY MAJOR AUTOMOTIVE OEMS
                    TABLE 24 DEVELOPMENT OF WIRELESS CHARGING BY MAJOR AUTOMOTIVE OEMS
    5.12 KEY CONFERENCES AND EVENTS, 2023–2024 
                    TABLE 25 DETAILED LIST OF KEY CONFERENCES AND EVENTS, 2023–2024
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 48 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR WIRELESS CHARGING TYPES
                    TABLE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR WIRELESS CHARGING TYPES (%)
           5.13.2 BUYING CRITERIA
                    FIGURE 49 KEY BUYING CRITERIA FOR WIRELESS EV CHARGING TYPES
                    TABLE 27 KEY BUYING CRITERIA FOR WIRELESS EV CHARGING TYPES
 
6 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY CHARGING TYPE (Page No. - 103)
    6.1 INTRODUCTION 
           6.1.1 OPERATIONAL DATA
                    TABLE 28 STATIONARY VS. DYNAMIC WIRELESS CHARGING FOR ELECTRIC VEHICLES
    6.2 STATIONARY WIRELESS CHARGING SYSTEMS 
           6.2.1 RISING EV SALES AND STRONG GOVERNMENT SUPPORT FOR EV INFRASTRUCTURE TO DRIVE MARKET
                    FIGURE 50 STATIONARY WIRELESS CHARGING TECHNOLOGY
                    FIGURE 51 STATIONARY WIRELESS CHARGING ARCHITECTURE
                    TABLE 29 FEATURES OF STATIONARY WIRELESS CHARGING SYSTEMS
                    TABLE 30 STATIONARY WIRELESS CHARGING SYSTEMS: WIRELESS CHARGING SYSTEM MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (UNITS)
                    TABLE 31 STATIONARY WIRELESS CHARGING SYSTEMS: WIRELESS CHARGING SYSTEM MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (USD THOUSAND)
    6.3 DYNAMIC WIRELESS CHARGING SYSTEMS 
           6.3.1 SHIFTING TREND TO ZERO-EMISSION VEHICLES TO DRIVE MARKET
                    FIGURE 52 DYNAMIC WIRELESS CHARGING TECHNOLOGY
                    TABLE 32 FEATURES OF DYNAMIC WIRELESS CHARGING SYSTEMS
    6.4 KEY PRIMARY INSIGHTS 
 
7 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY COMPONENT (Page No. - 111)
    7.1 INTRODUCTION 
           FIGURE 53 WIRELESS CHARGING TECHNOLOGY FOR ELECTRIC VEHICLES
           FIGURE 54 MARKET FOR ELECTRIC VEHICLES, BY COMPONENT, 2023 VS. 2030 (USD THOUSAND)
           TABLE 33 MARKET FOR ELECTRIC VEHICLES, BY COMPONENT, 2022–2030 (USD THOUSAND)
    7.2 BASE CHARGING PADS 
           7.2.1 RISE IN TRIALS FOR WIRELESS CHARGING TECHNOLOGY TO DRIVE MARKET
                    TABLE 34 BASE CHARGING PADS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (USD THOUSAND)
    7.3 POWER CONTROL UNITS 
           7.3.1 INCREASING FOCUS ON STATIONARY AND DYNAMIC CHARGING TECHNOLOGIES TO DRIVE MARKET
                    TABLE 35 POWER CONTROL UNITS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (USD THOUSAND)
    7.4 VEHICLE CHARGING PADS 
           7.4.1 COLLABORATIONS BETWEEN OEMS AND WIRELESS CHARGING PROVIDERS TO DRIVE MARKET
                    TABLE 36 VEHICLE CHARGING PADS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (USD THOUSAND)
    7.5 KEY PRIMARY INSIGHTS 
 
8 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY APPLICATION (Page No. - 118)
    8.1 INTRODUCTION 
    8.2 HOME CHARGING UNITS 
           8.2.1 RISING PENETRATION OF BEVS AND PHEVS TO DRIVE MARKET
                    FIGURE 55 GLOBAL ELECTRIC CAR SALES PROJECTION, 2025 VS. 2030
                    TABLE 37 OEM MODELS WITH WIRELESS CHARGING
    8.3 COMMERCIAL CHARGING STATIONS 
           8.3.1 DEVELOPMENT OF WIRELESS CHARGING INFRASTRUCTURE TO DRIVE MARKET
                    TABLE 38 WIRELESS ELECTRIC VEHICLE CHARGING ROAD PROJECTS
    8.4 KEY PRIMARY INSIGHTS 
 
9 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY CHARGING SYSTEM (Page No. - 123)
    9.1 INTRODUCTION 
           TABLE 39 COMPARISON OF WIRELESS CHARGING TECHNOLOGIES
           FIGURE 56 MARKET FOR ELECTRIC VEHICLES, BY CHARGING SYSTEM, 2023 VS. 2030 (UNITS)
           TABLE 40 MARKET FOR ELECTRIC VEHICLES, BY CHARGING SYSTEM, 2022–2030 (UNITS)
           9.1.1 OPERATIONAL DATA
                    TABLE 41 CHARGING SYSTEMS USED BY KEY PLAYERS IN MARKET FOR ELECTRIC VEHICLES
    9.2 MAGNETIC RESONANCE CHARGING 
           9.2.1 HIGHER EFFICIENCY IN POWER TRANSFER TO DRIVE MARKET
                    FIGURE 57 MAGNETIC RESONANCE CHARGING TECHNOLOGY FOR EVS
    9.3 INDUCTIVE CHARGING 
           9.3.1 DEMAND FOR SAFETY IN EV CHARGING SOLUTIONS TO DRIVE MARKET
                    FIGURE 58 INDUCTIVE POWER TRANSFER FOR EV CHARGING
    9.4 CAPACITIVE CHARGING 
           9.4.1 USE IN MEDICAL IMPLANTS, ELECTRIC VEHICLES, AND INDUSTRIAL AUTOMATION TO DRIVE MARKET
    9.5 KEY PRIMARY INSIGHTS 
 
10 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY POWER SUPPLY RANGE (Page No. - 130)
     10.1 INTRODUCTION 
               FIGURE 59 MARKET FOR ELECTRIC VEHICLES, BY POWER SUPPLY RANGE, 2023 VS. 2030 (UNITS)
               TABLE 42 MARKET FOR ELECTRIC VEHICLES, BY POWER SUPPLY RANGE, 2022–2030 (UNITS)
             10.1.1 OPERATIONAL DATA
                       TABLE 43 COMPANIES OFFERING POWER SUPPLY RANGE FOR PASSENGER CARS
     10.2 UP TO 3.7 KW 
             10.2.1 INCREASING DEMAND FOR HOME CHARGING UNITS TO DRIVE MARKET
                       TABLE 44 UP TO 3.7 KW: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (UNITS)
     10.3 ABOVE 3.7-7.7 KW 
             10.3.1 GROWING USE OF EVS IN ASIA PACIFIC TO DRIVE MARKET
                       TABLE 45 3.7–7.7 KW: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (UNITS)
     10.4 ABOVE 7.7–11 KW 
             10.4.1 INCREASING NUMBER OF EV CHARGING SOLUTION PROVIDERS TO DRIVE MARKET
                       TABLE 46 ABOVE 7.7–11 KW: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (UNITS)
     10.5 ABOVE 11 KW 
             10.5.1 DEMAND FOR EFFICIENT WIRELESS CHARGING TO DRIVE MARKET
                       TABLE 47 ABOVE 11 KW: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (UNITS)
     10.6 KEY PRIMARY INSIGHTS 
 
11 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY VEHICLE TYPE (Page No. - 136)
     11.1 INTRODUCTION 
     11.2 PASSENGER CARS 
             11.2.1 RISING INVESTMENTS IN AUTONOMOUS DRIVING TECHNOLOGY TO DRIVE MARKET
                       TABLE 48 PASSENGER CARS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (UNITS)
                       TABLE 49 PASSENGER CARS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (USD THOUSAND)
     11.3 COMMERCIAL VEHICLES 
             11.3.1 ELECTRIC BUSES
                       11.3.1.1 Incorporation of wireless charging systems in commercial electric buses to drive market
             11.3.2 ELECTRIC VANS
                       11.3.2.1 Increasing adoption in logistics industry to drive market
             11.3.3 ELECTRIC PICK-UP TRUCKS
                       11.3.3.1 Rising demand for effective and emission-free EVs for freight transportation to drive market
             11.3.4 ELECTRIC TRUCKS
                       11.3.4.1 Improved battery efficiency and affordability to drive market
     11.4 KEY PRIMARY INSIGHTS 
 
12 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY PROPULSION (Page No. - 142)
     12.1 INTRODUCTION 
               FIGURE 60 BATTERY ELECTRIC VEHICLES VS. PLUG-IN HYBRID ELECTRIC VEHICLES
               FIGURE 61 MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2023 VS. 2030 (USD THOUSAND)
               TABLE 50 MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
               TABLE 51 MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
     12.2 BATTERY ELECTRIC VEHICLES 
             12.2.1 GOVERNMENT SUBSIDIES AND INVESTMENTS IN WIRELESS CHARGING TO DRIVE MARKET
                       TABLE 52 BATTERY ELECTRIC VEHICLES: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (UNITS)
                       TABLE 53 BATTERY ELECTRIC VEHICLES: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (USD THOUSAND)
     12.3 PLUG-IN HYBRID ELECTRIC VEHICLES 
             12.3.1 DEVELOPMENT OF SMART ROAD PROJECTS IN EUROPE TO DRIVE MARKET
                       FIGURE 62 BASIC OPERATION OF BATTERY ELECTRIC VEHICLES AND PLUG-IN HYBRID VEHICLES
                       TABLE 54 PLUG-IN HYBRID ELECTRIC VEHICLES: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (UNITS)
                       TABLE 55 PLUG-IN HYBRID ELECTRIC VEHICLES: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (USD THOUSAND)
     12.4 KEY PRIMARY INSIGHTS 
 
13 WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES, BY REGION (Page No. - 149)
     13.1 INTRODUCTION 
               FIGURE 63 EUROPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               FIGURE 64 MARKET FOR ELECTRIC VEHICLES, BY REGION, 2023 VS. 2030 (USD THOUSAND)
               TABLE 56 MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (UNITS)
               TABLE 57 MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2030 (USD THOUSAND)
     13.2 ASIA PACIFIC 
             13.2.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                       FIGURE 65 ASIA PACIFIC: MARKET FOR ELECTRIC VEHICLES SNAPSHOT
                       TABLE 58 ASIA PACIFIC: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2030 (UNITS)
                       TABLE 59 ASIA PACIFIC: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2030 (USD THOUSAND)
             13.2.2 CHINA
                       13.2.2.1 Increasing efforts to standardize wireless charging to drive market
                                   TABLE 60 CHINA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 61 CHINA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.2.3 INDIA
                       13.2.3.1 Favorable government measures to drive market
                                   TABLE 62 INDIA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 63 INDIA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.2.4 JAPAN
                       13.2.4.1 Presence of major electric vehicle manufacturers to drive market
                                   TABLE 64 JAPAN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 65 JAPAN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.2.5 SOUTH KOREA
                       13.2.5.1 Increased investment in wireless charging technology by key manufacturers to drive market
                                   TABLE 66 SOUTH KOREA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 67 SOUTH KOREA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
     13.3 EUROPE 
             13.3.1 EUROPE: RECESSION IMPACT ANALYSIS
                       FIGURE 66 EUROPE: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY
                       TABLE 68 EUROPE: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2030 (UNITS)
                       TABLE 69 EUROPE: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2030 (USD THOUSAND)
             13.3.2 FRANCE
                       13.3.2.1 Environmental bonus for electric vehicles to drive market
                                   TABLE 70 FRANCE: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 71 FRANCE: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.3.3 GERMANY
                       13.3.3.1 New projects by suppliers and manufacturers to drive market
                                   TABLE 72 GERMANY: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 73 GERMANY: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.3.4 NETHERLANDS
                       13.3.4.1 Huge investments in electric vehicle technology to drive market
                                   TABLE 74 NETHERLANDS: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 75 NETHERLANDS: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.3.5 NORWAY
                       13.3.5.1 Tax exemptions for electric vehicles to drive market
                                   TABLE 76 NORWAY: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 77 NORWAY: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.3.6 SPAIN
                       13.3.6.1 Increased sales of BEVs to drive market
                                   TABLE 78 SPAIN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 79 SPAIN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.3.7 SWEDEN
                       13.3.7.1 Rapid investments in dynamic wireless charging to drive market
                                   TABLE 80 SWEDEN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 81 SWEDEN: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.3.8 SWITZERLAND
                       13.3.8.1 Stringent emission norms and electrification of existing vehicles to drive market
                                   TABLE 82 SWITZERLAND: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 83 SWITZERLAND: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.3.9 UK
                       13.3.9.1 Financing from government for wireless charging solutions to drive market
                                   TABLE 84 UK: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 85 UK: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
               13.3.10 REST OF EUROPE
     13.4 NORTH AMERICA 
             13.4.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 67 NORTH AMERICA: MARKET FOR ELECTRIC VEHICLES SNAPSHOT
                       TABLE 86 NORTH AMERICA: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2030 (UNITS)
                       TABLE 87 NORTH AMERICA: MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2022–2030 (USD THOUSAND)
             13.4.2 CANADA
                       13.4.2.1 Affordable EVs and focus on sustainable transportation solutions to drive market
                                   TABLE 88 CANADA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 89 CANADA: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
             13.4.3 US
                       13.4.3.1 Innovations in automotive sector and increased production to drive market
                                   TABLE 90 US: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (UNITS)
                                   TABLE 91 US: MARKET FOR ELECTRIC VEHICLES, BY PROPULSION, 2022–2030 (USD THOUSAND)
     13.5 REST OF THE WORLD 
             13.5.1 REST OF THE WORLD: RECESSION IMPACT ANALYSIS
             13.5.2 BRAZIL
                       13.5.2.1 Increasing acceptance of EVs and demand for wireless charging systems to drive market
             13.5.3 SOUTH AFRICA
                       13.5.3.1 Growing consumer confidence in new generation EVs to drive market
             13.5.4 OTHER COUNTRIES
 
14 COMPETITIVE LANDSCAPE (Page No. - 178)
     14.1 OVERVIEW 
     14.2 MARKET RANKING ANALYSIS OF KEY PLAYERS 
               FIGURE 68 MARKET RANKING ANALYSIS, 2022
     14.3 COMPETITIVE SCENARIO 
             14.3.1 PRODUCT LAUNCHES
                       TABLE 92 PRODUCT LAUNCHES, 2021–2023
             14.3.2 DEALS
                       TABLE 93 DEALS, 2021–2023
             14.3.3 OTHERS
                       TABLE 94 OTHERS, 2021–2023
     14.4 COMPANY EVALUATION MATRIX 
             14.4.1 STARS
             14.4.2 EMERGING LEADERS
             14.4.3 PERVASIVE PLAYERS
             14.4.4 PARTICIPANTS
                       FIGURE 69 COMPANY EVALUATION MATRIX, 2022
     14.5 COMPANY FOOTPRINT 
               TABLE 95 COMPANY FOOTPRINT, 2022
               TABLE 96 REGIONAL FOOTPRINT, 2022
               TABLE 97 VEHICLE TYPE FOOTPRINT, 2022
     14.6 STARTUP/SME EVALUATION MATRIX 
             14.6.1 PROGRESSIVE COMPANIES
             14.6.2 RESPONSIVE COMPANIES
             14.6.3 DYNAMIC COMPANIES
             14.6.4 STARTING BLOCKS
                       FIGURE 70 STARTUP/SME EVALUATION MATRIX, 2022
     14.7 COMPETITIVE BENCHMARKING 
             14.7.1 DETAILED LIST OF KEY STARTUPS/SMES
                       TABLE 98 DETAILED LIST OF KEY STARTUPS/SMES
             14.7.2 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
                       TABLE 99 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     14.8 RIGHT TO WIN, 2020–2023 
               TABLE 100 RIGHT TO WIN, 2020–2023
 
15 COMPANY PROFILES (Page No. - 191)
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
     15.1 KEY PLAYERS 
             15.1.1 WITRICITY CORPORATION
                       FIGURE 71 INTEREST OF LUXURY VEHICLE OWNERS IN WIRELESS CHARGING, 2023
                       FIGURE 72 INTEREST OF EV OWNERS IN WIRELESS CHARGING, 2021
                       TABLE 101 WITRICITY CORPORATION: COMPANY OVERVIEW
                       TABLE 102 WITRICITY CORPORATION: INDUSTRY PATENTS
                       TABLE 103 WITRICITY CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 104 WITRICITY CORPORATION: PRODUCT LAUNCHES
                       TABLE 105 WITRICITY CORPORATION: DEALS
                       TABLE 106 WITRICITY CORPORATION: OTHERS
             15.1.2 INDUCTEV, INC.
                       TABLE 107 INDUCTEV, INC.: COMPANY OVERVIEW
                       FIGURE 73 INDUCTEV, INC.: POWER RANGE, BY VEHICLE TYPE
                       TABLE 108 INDUCTEV, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 109 INDUCTEV, INC.: DEALS
                       TABLE 110 INDUCTEV, INC.: OTHERS
             15.1.3 HEVO INC.
                       TABLE 111 HEVO INC.: COMPANY OVERVIEW
                       TABLE 112 HEVO INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 113 HEVO INC.: PRODUCT LAUNCHES
                       TABLE 114 HEVO INC.: DEALS
                       TABLE 115 HEVO INC.: OTHERS
             15.1.4 ELECTREON
                       TABLE 116 ELECTREON: COMPANY OVERVIEW
                       TABLE 117 ELECTREON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       FIGURE 74 ELECTREON’S PROJECTS WORLDWIDE
                       FIGURE 75 ELECTREON: WIRELESS ELECTRIC ROADS OVERVIEW
                       TABLE 118 ELECTREON: DEALS
                       TABLE 119 ELECTREON: OTHERS
             15.1.5 PLUGLESS POWER INC.
                       TABLE 120 PLUGLESS POWER INC.: COMPANY OVERVIEW
                       TABLE 121 PLUGLESS POWER INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       FIGURE 76 PLUGLESS POWER INC.: DEVELOPMENTS IN WIRELESS CHARGING
                       FIGURE 77 PLUGLESS POWER INC.: WIRELESS CHARGING SYSTEMS
                       TABLE 122 PLUGLESS POWER INC.: PRODUCT DEVELOPMENTS
                       TABLE 123 PLUGLESS POWER INC.: DEALS
             15.1.6 WAVE CHARGING
                       TABLE 124 WAVE CHARGING: COMPANY OVERVIEW
                       TABLE 125 WAVE CHARGING: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       FIGURE 78 WAVE CHARGING: WIRELESS CHARGING SYSTEMS
                       TABLE 126 WAVE CHARGING: DEALS
             15.1.7 INTIS INTEGRATED INFRASTRUCTURE SOLUTIONS GMBH
                       TABLE 127 INTIS INTEGRATED INFRASTRUCTURE SOLUTIONS GMBH: COMPANY OVERVIEW
                       TABLE 128 INTIS INTEGRATED INFRASTRUCTURE SOLUTIONS GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       FIGURE 79 INTIS’ INDUCTIVE ENERGY TRANSFER SYSTEMS
                       TABLE 129 INTIS INTEGRATED INFRASTRUCTURE SOLUTIONS GMBH: DEALS
             15.1.8 ENRX
                       TABLE 130 ENRX: COMPANY OVERVIEW
                       TABLE 131 ENRX: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 132 ENRX: DEALS
             15.1.9 MOJO MOBILITY INC.
                       TABLE 133 MOJO MOBILITY INC.: COMPANY OVERVIEW
                       TABLE 134 MOJO MOBILITY INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 135 MOJO MOBILITY INC.: PATENTS ASSOCIATED WITH WIRELESS CHARGING
                       TABLE 136 MOJO MOBILITY INC.: DEALS
             15.1.10 SHENZHEN VMAX NEW ENERGY CO., LTD.
                       TABLE 137 SHENZHEN VMAX NEW ENERGY CO., LTD.: COMPANY OVERVIEW
                       TABLE 138 SHENZHEN VMAX NEW ENERGY CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 139 SHENZHEN VMAX NEW ENERGY CO., LTD.: OTHERS
     15.2 OTHER PLAYERS 
             15.2.1 INTEGRATED ROADWAYS LLC
                       TABLE 140 INTEGRATED ROADWAYS LLC: COMPANY OVERVIEW
             15.2.2 WIFERION
                       TABLE 141 WIFERION: COMPANY OVERVIEW
             15.2.3 WIPOWERONE INC.
                       TABLE 142 WIPOWERONE INC.: COMPANY OVERVIEW
             15.2.4 CONTINENTAL AG
                       TABLE 143 CONTINENTAL AG: COMPANY OVERVIEW
             15.2.5 TGOOD GLOBAL LTD.
                       TABLE 144 TGOOD GLOBAL LTD.: COMPANY OVERVIEW
             15.2.6 ELIX WIRELESS INC.
                       TABLE 145 ELIX WIRELESS INC.: COMPANY OVERVIEW
             15.2.7 FORTUM
                       TABLE 146 FORTUM: COMPANY OVERVIEW
             15.2.8 DAIHEN CORPORATION
                       TABLE 147 DAIHEN CORPORATION: COMPANY OVERVIEW
             15.2.9 ZHEJIANG VIE SCIENCE & TECHNOLOGY CO., LTD.
                       TABLE 148 ZHEJIANG VIE SCIENCE & TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             15.2.10 SUZHOU ANJIE TECHNOLOGY CO., LTD.
                       TABLE 149 SUZHOU ANJIE TECHNOLOGY CO. LTD.: COMPANY OVERVIEW
             15.2.11 VOLKSWAGEN AG
                       TABLE 150 VOLKSWAGEN AG: COMPANY OVERVIEW
             15.2.12 TOYOTA MOTOR CORPORATION
                       TABLE 151 TOYOTA MOTOR CORPORATION: COMPANY OVERVIEW
             15.2.13 TESLA, INC.
                       TABLE 152 TESLA, INC.: COMPANY OVERVIEW
             15.2.14 HONDA MOTOR CO., LTD.
                       TABLE 153 HONDA MOTOR CO., LTD.: COMPANY OVERVIEW
             15.2.15 MERCEDES-BENZ AG
                       TABLE 154 MERCEDES-BENZ AG: COMPANY OVERVIEW
             15.2.16 BMW GROUP
                       TABLE 155 BMW GROUP: COMPANY OVERVIEW
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
16 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 230)
     16.1 EUROPE TO BE MAJOR WIRELESS CHARGING MARKET FOR ELECTRIC VEHICLES 
     16.2 INITIATIVES TO ADOPT WIRELESS CHARGING SYSTEMS TO DRIVE MARKET IN ASIA PACIFIC 
     16.3 CHINA AND SOUTH KOREA TO BE PROMISING MARKETS FOR MANUFACTURERS 
     16.4 HOME CHARGING UNITS TO BE KEY FOCUS FOR MANUFACTURERS 
     16.5 CONCLUSION 
 
17 APPENDIX (Page No. - 232)
     17.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 
     17.2 DISCUSSION GUIDE 
     17.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     17.4 CUSTOMIZATION OPTIONS 
     17.5 RELATED REPORTS 
     17.6 AUTHOR DETAILS 

The study involved four major activities to estimate the current size of the wireless charging market for electric vehicles. Exhaustive secondary research was done to collect information on the market, the peer market, and model mapping. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used for determining the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study included automotive industry organizations involved with wireless charging technology; publications from government sources [such as country level automotive associations and organizations, Organisation for Economic Co-operation and Development (OECD), World Bank, CDC, and Eurostat]; corporate filings (annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated through primary research.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the Wireless Charging Market for Electric Vehicles through secondary research. Several primary interviews were conducted with market experts from both the demand (OEMs) and supply (wireless charging for electric vehicle manufacturers, service providers, and component manufacturers) sides across major regions, namely, North America, Europe, and Asia Pacific. Approximately 17% and 83% of primary interviews were conducted from the supply side & industry associations and dealers/distributors, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were considered to provide a holistic viewpoint in this report.

After interacting with industry experts, brief sessions with highly experienced independent consultants were conducted to reinforce the findings from primaries. This, along with the in-house subject matter experts’ opinions, led to the findings as described in the remainder of this report.

Wireless Charging Market for Electric Vehicles Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up and top-down approaches were used to estimate and validate the size of the wireless charging market for electric vehicles. Model mapping was carried out to understand the penetration of wireless charging systems. New vehicle models launched with wireless charging technology were also mapped. In terms of volume, the market size for electric vehicles, by propulsion and vehicle type, was derived by estimating the country-level sales of electric vehicles equipped with wireless charging systems in units. This gives the number of vehicles equipped with a wireless charging system. The summation of all country-level markets gives the regional-level market in terms of volume. Further, average selling prices were identified for wireless charging systems (inclusive of vehicle charging pads, base charging pads, and power control units). Then, the volume numbers were multiplied by the ASP of the wireless technology, which gives the global market for electric vehicles by value.

  • 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 value, 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.

Global Wireless Charging Market for Electric Vehicles Size: Bottom-Up Approach

Wireless Charging Market for Electric Vehicles Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size of the global market through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedure were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact market value data for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.

Market Definition

Wireless Charging for EVs: As per Zevpoint E-mobility Pvt Ltd, Wireless EV charging uses electromagnetic fields to transfer energy between two coils?(one in the charging station and the other in the EV). This?eliminates the need for a physical connection. This technology enables EV owners to simply park their vehicles over a charging pad, reducing the time and effort required to plug in and charge.

Key Stakeholders

  • Association of European Automotive and Industrial Battery Manufacturers (EUROBAT)
  • Alternative Fuels Data Center (AFDC)
  • Departments of Transportation
  • Electric Vehicle Association of Asia Pacific (EVAAP)
  • Environmental Protection Agency (EPA)
  • European Alternative Fuels Observatory (EAFO)
  • European Automobile Manufacturers’ Association (ACEA)
  • EV Charging Pole Manufacturers
  • EV Charging Station Service Providers
  • International Council on Clean Transportation (ICCT)
  • International Organization of Motor Vehicle Manufacturers (OICA)
  • International Energy Agency (IEA)
  • Investor Presentations and Annual Reports of Key Market Players
  • Regional EV Charging Associations
  • Regional Electric Vehicle Regulatory Authorities
  • Society of Manufacturers of Electric Vehicles (SMEV)
  • World Electric Vehicle Association (WEVA)

Report Objectives

  • To segment the market and forecast its size by charging type, component, application, charging system, propulsion, power supply range, 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 systems subsegment by volume and dynamic wireless charging systems 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 value, based on component—base charging pads (BCPs), power control units (PCUs), and vehicle charging pads (VCPs)
  • To segment the market and forecast its size by volume and value, based on power supply range— up to 3.7 kW, above 3.7-7.7 kW, above 7.7-11 kW, and above 11 kW
  • To segment the market and forecast its size by volume, based on propulsion type—battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs)
  • To segment the market and forecast its size by volume, based on charging system—inductive charging, magnetic resonance charging, and capacitive charging
  • To forecast the market size with respect to key regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance to the company’s specific needs.

  • Wireless Charging Market for Electric Vehicles, by Charging System, at a Regional Level
  • Wireless Charging Market for Electric Vehicles, By Vehicle Type, at Country Level (For countries covered in the report)
  • Profiling of additional market players (Up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
AT 5554
Published ON
Oct, 2023
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