Wireless EV Charging Market

Wireless EV Charging Market by Charging Station (Home, Commercial), Charging (Stationary, Dynamic), Propulsion (BEV, PHEV), Power Supply (3–<11 KW, 11–50 KW, & >50 KW), Vehicle (CV, 2 wheeler), Component, Installation, and Region - Global Forecast to 2025

Report Code: AT 5554 Dec, 2018, by marketsandmarkets.com

[173 Pages Report] The wireless EV charging market is estimated to be USD 8 million in 2020 and is projected to reach USD 407 million by 2025, at a CAGR of 117.56% during the forecast period. Increasing focus on R&D activities and rapid technological changes owing to the changing government norms for emissions are projected to drive the global market.

Wireless EV Charging Market

The BEV segment is expected to be the fastest growing market, by propulsion, during the forecast period.

Due to strict emission norms introduced by governments in various countries and an increase in the distance traveled by EVs, the BEVs are anticipated to increase in the coming years. In addition, the governments of some countries have begun providing subsidies for environment-friendly cars, thereby encouraging the use of BEVs. Moreover, OEMs are focusing on the BEVs due to the stringent government regulations to curb rising emissions. Increasing BEV sales and government support for BEVs are likely to propel the overall market.

The stationary charging is expected to be the largest contributor in the global market, by charging type, during the forecast period.

The stationary wireless charging system is a convenient, safe, and reliable technology. This technology is interoperable as drivers can charge their vehicles with any wireless charging system. Also, vehicles can be charged in the parking spot and public places wirelessly. The stationary wireless charging system is also contributing to the expansion of the charging networks for EVs. Many companies have introduced stationary wireless charging systems. For instance, Evatran (Plugless) has introduced a stationary wireless charging system for Nissan Leaf and Chevrolet Volt.

Wireless EV Charging Market

Asia Pacific is expected to account for the largest market size during the forecast period.

The Asia Pacific region comprises the emerging economies such as China and India, along with the developed nations such as Japan, and is the largest market for automobiles. Well developed and extensive charging infrastructure is provided by the governments in this region. In many countries in Asia Pacific, the governments have provided various incentives in the form of subsidies and tax exemptions to increase the adoption of EVs. Furthermore, the governments of the region’s developing countries such as India and China are formulating favorable policies and offering subsidies to the European and American OEMs to set up their manufacturing hubs in their countries. Asia Pacific is the fastest growing market globally. Technological advancements have led major OEMs to incorporate advanced and convenience features such as wireless charging system in their EVs. Due to the availability of cheap labor and favorable government policies, mass production of EVs is also possible, resulting in a lower price of such systems in the near future. The implementation of new technologies, the establishment of additional manufacturing plants, and the creation of value-added supply chains between manufacturers and material providers have made the Asia Pacific region a market with immense growth potential.

The major players in the market include WiTricity Corporation (US), Evatran Group (Plugless) (US), Momentum Dynamics Corporation (US), Qualcomm Technologies, Inc. (US), Bombardier, Inc. (Canada), ELIX Wireless (Canada), Continental AG (Germany), and Bosch (Germany).

Qualcomm is anticipated to be a dominant player in the wireless EV charging market. It adopted the strategies of new product development, partnership, and merger & acquisition to retain its leading position in this market. Strengthening the product portfolio and global presence by building customer relationships, Qualcomm has developed a dynamic wireless charging project funded by the European Commission. This is the strategy that Qualcomm is following to maintain its leadership in this market.

Recent Developments

  • In 2018, GoMentum Station and ELIX announced a partnership that will facilitate the testing of ELIX’s patented MDC wireless power system, enabling autonomous EVs to charge themselves without human intervention. ELIX will become the official wireless charging supplier to GoMentum Station, beginning with the installation of an ELIX wireless charging unit at GoMentum Station’s 5,000-acre test facility for active use by testing partners.
  • In 2017, WiTricity collaborated with Texas Instruments to use automotive-grade semiconductor components in WiTricity’s DRIVE 11 wireless charging systems and reference designs. DRIVE 11 wireless charging system enables drivers to park their EVs and be assured of rapid, efficient charging without having to handle charging cables. WiTricity’s TMN Controller utilizing TI’s C2000TM real-time control microcontroller (MCU) can enable DRIVE 11-based EVs and charging stations to automatically optimize energy transfer between the source and vehicle in a wide range of real-world operating conditions including parking misalignment, differing vehicle ground clearance, and varying battery voltage conditions. 
  • In May 2017, Qualcomm, Inc., through its subsidiary Qualcomm Technologies, Inc., launched Dynamic EV Charging (DEVC). This enables the charging process while driving and can charge the vehicle up to 20 kW. With this system, two vehicles travelling in opposite directions on the same route can be charged simultaneously. Qualcomm Halo will further be tested by VEDECOM (Research Institute) for FABRIC, a USD 10.61 billion project funded by the European Commission to test the technological feasibility.

Key questions addressed by the report

  • Where will all these developments take the industry in the mid- to long-term?
  • How is the increasing adoption of electric vehicles and changing environmental norms affecting the global market?
  • How does dynamic charging work?
  • Who are the key players in the market and how intense is the competition?
  • How will the advent of autonomous vehicles impact the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Data Triangulation
    2.7 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in Wireless EV Charging Market
    4.2 Global Market, By Region
    4.3 Global Market, By Power Supply Range
    4.4 Global Market, By Propulsion Type
    4.5 Global Market, By Charging Type
    4.6 Global Market, By Installation
    4.7 Global Market, By Charging Station

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Safety and Convenience
                    5.2.1.2 Growing Fast-Charging Infrastructure for EVs
                    5.2.1.3 Increase in Miles Driven By EVs
           5.2.2 Restraints
                    5.2.2.1 High Cost of Upgrading to Wireless Charging Technology
           5.2.3 Opportunities
                    5.2.3.1 Rise in Demand for Semi-Autonomous and Autonomous Vehicles
                    5.2.3.2 Development of Wireless Charging Systems for Commercial EVs
           5.2.4 Challenges
                    5.2.4.1 Minimizing Loss of Efficiency and Fast Charging
                    5.2.4.2 High Level of Safety
                    5.2.4.3 Long Routes for Dynamic Charging
           5.2.5 Impact of Market Dynamics
    5.3 Porters Five Forces Analysis
           5.3.1 Competitive Rivalry
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Threat of New Entrants
    5.4 Market Scenario Analysis

6 Industry Trends (Page No. - 54)
    6.1 Technological Overview
           6.1.1 Wireless Charging System Technology
           6.1.2 Inductive Coupling
           6.1.3 Magnetic Resonance Coupling
           6.1.4 Magneto Dynamic Coupling
    6.2 Electric Taxi
    6.3 Robo-Taxi
           6.3.1 List of Companies Collaborating to Develop Robo-Taxi
    6.4 Light Electric Vehicle
    6.5 Battery Swapping
    6.6 Electric Autonomous Vehicles
    6.7 Electric Vehicle Government Regulations
           6.7.1 Canada
                    6.7.1.1 Subsidies and Tax Rebates
           6.7.2 China
                    6.7.2.1 Existing Charging Station Standards in China
                    6.7.2.2 Subsidies and Tax Rebates
           6.7.3 Denmark
                    6.7.3.1 Subsidies and Tax Rebates
           6.7.4 France
                    6.7.4.1 Subsidies and Tax Rebates
    6.8 Upcoming Electric Commercial Vehicles

7 Global Market, By Installation Type (Page No. - 63)
    7.1 Introduction
    7.2 Aftermarket
           7.2.1 Low Cost for Retrofitting Wireless EV Charging Systems in Vehicles Will Drive the Industry
3 Oe Market
           7.3.1 Technological Advancement in the Electrification of Vehicles Will Contribute to the Rising Demand for Wireless EV Charging

8 Global Market, By Propulsion Type (Page No. - 68)
    8.1 Introduction
    8.2 Battery Electric Vehicle (BEV)
           8.2.1 Increasing Sales of BEV Will Boost the Demand for Wireless EV Charging
    8.3 Plug-In Hybrid Electric Vehicle (PHEV)
           8.3.1 Rising Popularity of Luxury PHEVs is Likely to Drive the Market

9 Global Market, By Charging Station Type (Page No. - 73)
    9.1 Introduction
    9.2 Commercial Charging Stations
           9.2.1 Increasing Popularity of Wireless Charging Technology for Commercial Vehicles Will Boost the Demand
    9.3 Home Charging Stations
           9.3.1 Rising Demand for Private Vehicles is Likely to Drive the Demand for this Market

10 Global Market, By Component (Page No. - 79)
     10.1 Introduction
     10.2 Base Charging Pad
             10.2.1 Increased Demand for EVs Will Propel the Overall Growth of the Market
     10.3 Power Control Unit
             10.3.1 Increased Focus on the Development of Wireless EV Charging Infrastructure
     10.4 Vehicle Charging Pad
             10.4.1 Home Charging Stations is Likely to Drive the Demand for Wireless EV Charging

11 Global Market, By Power Supply Range (Page No. - 85)
     11.1 Introduction
     11.2 3–<11 kW 
             11.2.1 Growing Demand for Home Charging Stations Will Impact the Market Positively
     11.3 11–50 kW 
             11.3.1 Increasing Focus on the Luxury EVs Will Propel the Market Growth
     11.4 >50 kW
             11.4.1 Development of Wireless Charging for EVs Infrastructure for Commercial Vehicles is Boosting the Demand for global Market

12 Global Market, By Charging Type (Page No. - 93)
     12.1 Introduction
     12.2 Dynamic Wireless Charging System
             12.2.1 High Focus on Commecial EVs Will Propel the Overall Growth
     12.3 Stationary Wireless Charging System
             12.3.1 Increasing Sales of EVs is Likely to Drive the Market

13 Global Market, By Vehicle Type (Page No. - 99)
     13.1 Introduction
     13.2 Passenger Cars (PC)
     13.3 Electric Commercial Vehicle (ECV)
     13.4 Electric Two Wheeler

14 Global Market, By Region (Page No. - 101)
     14.1 Introduction
     14.2 Asia Pacific
             14.2.1 China
                        14.2.1.1 Advancement in the EV Technology Will Boost the Market
             14.2.2 India
                        14.2.2.1 Government Policies Will Impact the Market Positively
             14.2.3 Japan
                        14.2.3.1 Development of Advanced EV Technology Will Fuel the Market
             14.2.4 South Korea
                        14.2.4.1 Huge Investments in R&D to Propel the Market
             14.2.5 Rest of Asia Pacific
                        14.2.5.1 Increasing Focus on Low Emission Vehicles Will Drive the Market
     14.3 Europe
             14.3.1 France
                        14.3.1.1 High Demand for Luxury PHEVs Will Drive the Market
             14.3.2 Germany
                        14.3.2.1 Large Penetration of Wireless EV Charging Manufacturers and Suppliers is Driving the Industry
    14.3.3 Italy
                        14.3.3.1 Government Incentives are Driving the Market
             14.3.4 The Netherlands
                        14.3.4.1 Huge Investments in EV Technology is the Key Factor in the Overall Growth
             14.3.5 Russia
                        14.3.5.1 Increasing Focus on EV Technology is Driving the Demand
             14.3.6 Norway
                        14.3.6.1 Increasing EV Sales in the Country Will Boost the Market
             14.3.7 UK
                        14.3.7.1 Rising Demand for PHEVs Will Fuel the Growth of Wireless EV Charging System
             14.3.8 Spain
                        14.3.8.1 Increasing Focus on Low Emission Vehicles is Driving the Demand
             14.3.9 Rest of Europe
                        14.3.9.1 Stringent Norms to Curb Emissions Will Increase the Overall Demand
     14.4 North America
             14.4.1 Canada
                        14.4.1.1 Developments in EV Infrastructure Will Propel the Growth
             14.4.2 Mexico
                        14.4.2.1 Rising Awareness for Low Emission Vehicles Will Drive the Market
             14.4.3 Us
                        14.4.3.1 Availability of Wireless EV Charging System Manufacturers and Increased EV Sales Will Boost the Market
     14.5 Rest of the World (RoW)
             14.5.1 Brazil
                        14.5.1.1 Reduced Battery Prices May Impact the Market Positively
             14.5.2 South Africa
                        14.5.2.1 Growing Adoption of EV Technology Will Impact the Market

15 Competitive Landscape (Page No. - 123)
     15.1 Overview
     15.2 Market Ranking Analysis
     15.3 Competitive Scenario
             15.3.1 New Product Developments
             15.3.2 Collaborations/Joint Ventures/Supply Contracts/Partnerships/Agreements
             15.3.3 Expansions, 2015–2017
     15.4 Competitive Leadership Mapping
             15.4.1 Visionary Leaders
             15.4.2 Innovators
             15.4.3 Dynamic Differentiators
             15.4.4 Emerging Companies

16 Company Profiles (Page No. - 133)
(Overview, Product Offerings, Developments, SWOT Analysis)*
     16.1 Continental AG
     16.2 Robert Bosch GmbH
     16.3 Qualcomm, Inc.
     16.4 Toyota Motor Corporation
     16.5 Bombardier Inc.
     16.6 Witricity Corporation
     16.7 Hella KGaA Hueck & Co.
     16.8 Evatran Group Inc.
     16.9 Toshiba Corporation
     16.10 ZTE Corporation
     16.11 Elix Wireless
     16.12 Hevo Power
     16.13 Key Players From Other Regions
             16.13.1 North America
                        16.13.1.1 Addenergie
                        16.13.1.2 Blink Charging
                        16.13.1.3 Chargepoint
                        16.13.1.4 Clippercreek
                        16.13.1.5 Evgo
                        16.13.1.6 Leviton Manufacturing Co., Inc.
                        16.13.1.7 Semaconnect
             16.13.2 Europe
                        16.13.2.1 ABB
                        16.13.2.2 Alfen
                        16.13.2.3 Allego
                        16.13.2.4 Siemens
                        16.13.2.5 Efacec
                        16.13.2.6 Ionity
                        16.13.2.7 Schneider Electric
             16.13.3 Asia Pacific
                        16.13.3.1 Samsung SDI
                        16.13.3.2 Tgood
                        16.13.3.3 Mitsubishi Electric
                        16.13.3.4 Automotive Energy Supply Corporation
             16.13.4 Rest of the World (RoW)
                        16.13.4.1 Tritium

*Overview, Product Offerings, Developments, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies

17 Appendix (Page No. - 166)
     17.1 Discussion Guide 
     17.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     17.3 Available Customizations
     17.4 Related Reports
     17.5 Author Details


List of Tables (60 Tables)

Table 1 Currency Exchange Rates (W.R.T. USD)
Table 2 Wireless Charging vs Plug-In Charging
Table 3 Publicly Accessible Fast Chargers Stock, By Country, 2015–17 (Units)
Table 4 Miles Driven By EVs, 2016 vs 2017
Table 5 Porters Five Forces Analysis
Table 6 Existing Subsidies and Tax Structure, Canada, 2017
Table 7 Existing Subsidies and Tax Structure, China, 2017
Table 8 Existing Subsidies and Tax Structure, Denmark, 2017
Table 9 Existing Subsidies and Tax Structure, France, 2017
Table 10 Global Market, By Installation Type, 2018–2025 (Units)
Table 11 Global Aftermarket: By Region, 2018–2025 (Units)
Table 12 Global OE Market: By Region, 2018–2025 (Units)
Table 13 Global Market, By Propulsion Type, 2018–2025 (Units)
Table 14 BEV: Market, By Region, 2018–2025 (Units)
Table 15 PHEV: Market, By Region, 2018–2025 (Units)
Table 16 Global Market, By Charging Station Type, 2018–2025 (Units)
Table 17 Commercial Charging Stations: Market, By Region, 2018–2025 (Units)
Table 18 Home Charging Stations: Market, By Region, 2018–2025 (Units)
Table 19 Global Market, By Component, 2018–2025 (Units)
Table 20 Global Market, By Component, 2018–2025 (USD Thousand)
Table 21 Base Charging Pad: Market, By Region, 2018–2025 (Units)
Table 22 Power Control Unit: Market, By Region, 2018–2025 (Units)
Table 23 Vehicle Charging Pad: Market, By Region, 2018–2025 (Units)
Table 24 Global Market, By Power Supply Range, 2018–2025 (Units)
Table 25 Global Market, By Power Supply Range, 2018–2025 (USD Thousand)
Table 26 3–<11 kW: Market, By Region, 2018–2025 (Units)
Table 27 3–<11 kW: Market, By Region, 2018–2025 (USD Thousand)
Table 28 11–50 kW: Market, By Region, 2018–2025 (Units)
Table 29 11–50 kW: Market, By Region, 2018–2025 (USD Thousand)
Table 30 >50 kW: Market, By Region, 2018–2025 (Units)
Table 31 >50 kW: Market, By Region, 2018–2025 (USD Thousand)
Table 32 Global Market, By Charging Type, 2018–2025 (Units)
Table 33 Dynamic Charging: Market, By Region, 2018–2025 (Units)
Table 34 Stationary Charging: Market, By Region, 2018–2025 (Units)
Table 35 Global Market, By Region, 2018–2025 (Units)
Table 36 Asia Pacific: Market, By Country, 2018–2025 (Units)
Table 37 China: Market, By Charging Station, 2018–2025 (Units)
Table 38 India: Market, By Charging Station, 2018–2025 (Units)
Table 39 Japan: Market, By Charging Station, 2018–2025 (Units)
Table 40 South Korea: Market, By Charging Station, 2018–2025 (Units)
Table 41 Rest of Asis Pacific: Market, By Charging Station, 2018–2025 (Units)
Table 42 Europe: Market, By Country, 2018–2025 (Units)
Table 43 France: Market, By Charging Station, 2018–2025 (Units)
Table 44 Germany: Market, By Charging Station, 2018–2025 (Units)
Table 45 Italy: Market, By Charging Station, 2018–2025 (Units)
Table 46 The Netherlands: Market, By Charging Station, 2018–2025 (Units)
Table 47 Russia: Market, By Charging Station, 2018–2025 (Units)
Table 48 Norway: Market, By Charging Station, 2018–2025 (Units)
Table 49 UK: Market, By Charging Station, 2018–2025 (Units)
Table 50 Spain: Market, By Charging Station, 2018–2025 (Units)
Table 51 Rest of Europe: Market, By Charging Station, 2018–2025 (Units)
Table 52 North America: Market, By Country, 2018–2025 (Units)
Table 53 Canada: Market, By Charging Station, 2018–2025 (Units)
Table 54 Mexico: Market, By Charging Station, 2018–2025 (Units)
Table 55 US: Market, By Charging Station, 2018–2025 (Units)
Table 56 RoW: Market, By Charging Station, 2018–2025 (Units)
Table 57 Brazil: Market, By Charging Station, 2018–2025 (Units)
Table 58 South Africa: Market, By Charging Station, 2018–2025 (Units)
Table 59 New Product Developments, 2013–2017
Table 60 Collaborations/Joint Ventures/Supply Contracts/Partnerships/Agreements, 2012–2018


List of Figures (64 Figures)

Figure 1 Wireless EV Charging : Markets Covered
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Bottom-Up Approach: Wireless Charging Market for EVs
Figure 6 Top-Down Approach: Wireless Charing Market for EVs
Figure 7 Wireless Charging Market for EVs, By Region
Figure 8 Wireless Charging Market for EVs, By Charging Station
Figure 9 Increasing Consumer Demand and Focus on Low Emission Vehicles Will Drive the Global Market
Figure 10 Asia Pacific to Hold the Largest Market Share By 2025 (Volume)
Figure 11 3 - <11 kW Segment to Hold the Largest Market Share During Forecast Period, 2020 vs 2025 (Volume)
Figure 12 BEVs to Lead Market During Forecast Period, 2020 vs 2025 (Volume)
Figure 13 Dynamic Charging to Grow at the Highest CAGR During the Forecast Period, 2020 vs 2025 (Volume)
Figure 14 OE Market Segment to Hold the Largest Market Share, 2020 vs 2025 (Volume)
Figure 15 Home Charging Stations to Grow at the Highest CAGR During the Forecast Period, 2020 vs 2025 (Volume)
Figure 16 Market Dynamics of Wireless EV Charging
Figure 17 Power Efficiency in Wireless Charging System vs Plug-In Charging System
Figure 18 Porter’s Five Forces Analysis
Figure 19 Intensity of Competitive Rivalry is High in this Market
Figure 20 High Growth of Market Leads to High Level of Competition
Figure 21 Low Product Differentiation and Medium Price Difference Keep Threat of Substitutes at Low Level
Figure 22 Bargaining Power of Buyers is Considered to Be Medium
Figure 23 Bargaining Power of Suppliers is Low
Figure 24 Medium Capital Requirement Keeps Threat of New Entrants at Medium Level
Figure 25 Magnetic Dynamic Coupling
Figure 26 Global Market, By Installation Type, 2020 vs 2025
Figure 27 Aftermarket: Market, By Region, 2020 vs 2025 (Units)
Figure 28 OE Market: Market, By Region, 2020 vs 2025 (Units)
Figure 29 Global Market, By Propulsion Type, 2020 vs 2025
Figure 30 BEV: Market, By Region, 2020 vs 2025 (Units)
Figure 31 PHEV: Market, By Region, 2020 vs 2025 (Units)
Figure 32 Global Market, By Charging Station Type, 2020 vs 2025
Figure 33 Commercial Charging Stations: Market, By Region, 2020 vs 2025 (Units)
Figure 34 Home Charging Stations: Market, By Region, 2020 vs 2025 (Units)
Figure 35 Global Market, By Component, 2020 vs 2025
Figure 36 Power Control Unit: Market, By Region, 2020 vs 2025 (Units)
Figure 37 Vehicle Charging Pad: Market, By Region, 2020 vs 2025 (Units)
Figure 38 Global Market, By Power Supply Range, 2020 vs 2025
Figure 39 3-<11 kW: Market, By Region, 2020 vs 2025 (Units)
Figure 40 11-50 kW: Market, By Region, 2020 vs 2025 (Units)
Figure 41 >50 kW: Market, By Region, 2020 vs 2025 (Units)
Figure 42 Global Market, By Charging Type, 2020 vs 2025
Figure 43 Dynamic Charging: Market, By Region, 2020 vs 2025 (Units)
Figure 44 Stationary Charging: Market, By Region, 2020 vs 2025 (Units)
Figure 45 Global Market, By Region, 2020 vs 2025
Figure 46 Asia Pacific:Market Snapshot
Figure 47 Europe: Market Snapshot
Figure 48 North America: Market, By Country, 2020 vs 2025 (Volume)
Figure 49 RoW: Market, By Country, 2020 vs 2025 (Units)
Figure 50 Key Developments By Leading Players in the Market, 2012–2018
Figure 51 Global Market: Competitive Leadership Mapping for Private Players, 2018
Figure 52 Continental AG: Company Snapshot
Figure 53 Continental: SWOT Analysis
Figure 54 Robert Bosch GmbH: Company Snapshot
Figure 55 Bosch: SWOT Analysis
Figure 56 Qualcomm, Inc.: Company Snapshot
Figure 57 Toyota: SWOT Analysis
Figure 58 Toyota Motor Corporation: Company Snapshot
Figure 59 Toyota: SWOT Analysis
Figure 60 Bombardier, Inc.: Company Snapshot
Figure 61 Hella KGaA Hueck & Co.: Company Snapshot
Figure 62 Hella: SWOT Analysis
Figure 63 Toshiba Corporation: Company Snapshot
Figure 64 ZTE Corporation: Company Snapshot

The study involves 4 main activities to estimate the current size of the wireless EV charging 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.

Secondary Research

The secondary sources referred to in this research study include automotive industry organizations such as the European Automobile Manufacturers’ Association (ACEA), Electric Vehicle Association of Asia Pacific (EVAAP), corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of this market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-side vehicle manufacturers [(in terms of component supply) country-level government associations and trade associations] and supply-side manufacturers (wireless charging system manufacturers and distributors) across 4 major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (Brazil and South Africa). Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

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

Wireless EV Charging Market

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

Market Size Estimation

Both bottom-up and top-down approaches have been used to estimate and validate the size of the global market. In these approaches, the vehicle sales statistics for each vehicle type (passenger vehicles and commercial vehicles) at the country level have been taken into account.

To determine the size of the global market, in terms of volume, the EV sales numbers have been multiplied by the country-level penetration of each technology/segment considered in the study. The country-level market size, in terms of volume, of the wireless EV charging system is then multiplied by the Average OE Price (AOP) of each system. This provides the country-level market size, in terms of value. The summation of the country-level market size gives the regional market size, and further summation of the regional market provides the wireless EV charging size.

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying various factors and trends from both the demand and supply sides in the glonbal market.

Report Objectives

  • To segment the market and forecast the market size, by volume, based on charging station home charging station and commercial charging station
  • To segment the market and forecast the market size, by volume, based on charging type dynamic and stationary
  • To segment the market and forecast the market size, providing the qualitative data based on vehicle type commercial vehicle and two wheeler
  • To segment the market and forecast the market size, by volume, based on installation aftermarket/retrofit and original equipment (OE) market
  • To segment the market and forecast the market size, by volume and value, based on component Base Charging Pad (BCP), Power Control Unit (PCU), and Vehicle Charging Pad (VCP)
  • To segment the market and forecast the market 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 the market size, by volume, based on propulsion type Battery Electric Vehicles (BEVs) and Plug-In Hybrid Electric Vehicles (PHEVs)
  • To showcase the technological developments impacting the global market
  • To analyze the opportunities for stakeholders and the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their respective market share and core competencies
  • 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.

Scope of the Report

Report Metric

Details

Market Size Available for Years

2018–2025

Base Year Considered

2018

Forecast Period

2020–2025

Forecast Units

Volume (Units) & Value (USD thousand)

Segments Covered

Charging station, charging type, installation, propulsion, component, vehicle, power supply, and region

Geographies Covered

Asia Pacific, Europe, North America, and the RoW

Companies Covered

WiTricity Corporation, Evatran Group (Plugless), Momentum Dynamics Corporation, Qualcomm Technologies, Inc., Bombardier, Inc.
Total 31 major players covered

This research report categorizes the market for wireless EV charging on the basis of charging station, charging type, installation, propulsion, component, vehicle, power supply, and region.

Global Market, By Charging Station

  • Commercial Charging Station
  • Home Charging Station

Global Market, By Component

  • Base Charging Pad
  • Power Control Unit
  • Vehicle Charging Pad

Global Market, By Charging Type

  • Dynamic Charging
  • Stationary Charging

Global Market, By Installation

  • Aftermarket
  • OE Market

Global Market, By Propulsion

  • BEV
  • PHEV

Global Market, By Vehicle

  • Commercial Vehicle
  • Two Wheeler

Global Market, By Power Supply Range

  • 3–<11 kW
  • 11–50 kW
  • >50 kW

Global Market, By Region

  • North America
  • Europe
  • Asia Pacific
  • RoW

Available Customizations

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Additional Company Profiles

  • Business Overview
  • SWOT Analysis
  • Recent Developments
  • MnM View

Country-level detailed analysis of the wireless EV charging market, by propulsion
3 Additional country data can be added

Report Code
AT 5554
Published ON
Dec, 2018
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