Status : Published | Published On : Dec, 2023 | Report Code : VRAT4075 | Industry : Automotive & Transportation | Available Format :
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Page : 210 |
Industry Overview
From USD 0.08 billion in 2023, the Global Wireless Electric Vehicle Charging Market is predicted to grow to USD 1.8 billion by 2030, registering a CAGR of 56% during the forecast period (2025–2030). The growth of this market is attributed to the increasing awareness of protecting the environment and restricting the use of fossil fuels, which has stimulated governments and various institutions to invest in R&D for wireless car charging. Moreover, wireless electric cars use power by use of electric motors that run on rechargeable battery packs, which results in less pollution and is environmentally friendly in comparison to that of conventional vehicles.
Different electric utilities provide charging stations where these vehicles are charged. Electromagnetic fields are the way through which the wireless cars are charged. This helps the user to conveniently charge the vehicle by not plugging in the vehicle but just parking it over an inductive pad. Additionally, it makes it convenient for the user to charge the vehicle, and the vehicle gets charged at a higher rate which saves time. This technology offers effective charging and safe charging. Furthermore, there have been initiatives taken to increase the number of charging stations over the world which would be favorable for the growth of the wireless electric vehicle charging market.
Market Segmentation
Insight by Charging Type
Based on charging type, the global wireless electric vehicle charging market is bifurcated into dynamic wireless charging systems and stationary wireless charging systems. During the forecast period, the dynamic wireless charging of electric vehicle classification is expected to witness faster wireless electric vehicle charging market growth, as it is a revolutionary technology for the market. In the conventional approach, the cars have to set a limit of the range of a kilometer, beyond which if the battery capacity is increased the cost and charging time increase, and with a dynamic wireless charging system the battery remains the same while the travel range increases thus resulting in cost reduction.
Insight by Application
Based on application, the global wireless electric vehicle charging market is bifurcated into home charging units and public or commercial charging stations. Between these, public or commercial charging station is expected to witness higher CAGR during the forecast period, as the charging units for public or commercial charging stations would require fast charging facilities so the vehicles are charged at a better rate in comparatively less time.
Insight by vehicle type
Based on vehicle type, the global wireless electric vehicle charging market is bifurcated into commercial vehicles and passenger cars. Amongst these segments, the commercial vehicle segment is expected to witness a higher CAGR during the forecast as the demand for commercial charging stations to be developed is comparatively higher.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 0.8 Billion |
Revenue Forecast in 2030 |
U.S.D. 1.8 Billion |
Growth Rate |
56% |
Segments Covered in the Report |
By Charging Type, By Application,By vehicle type |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America,Europe,Asia-Pacific (APAC),Rest of the World (RoW) |
Industry Dynamics
Industry Trends
Increasing global trends about charging infrastructure and electric mobility are the key trends observed towards the growth of the global wireless electric vehicle charging market. Electric mobility is gaining momentum in the automotive industry as it refers to the development of electronic drive trains and comprises fully hybrid vehicles and electric vehicles.
Growth Drivers
Increasing investment in R&D initiatives for wireless car charging along with increasing use of electric vehicles to eliminate harmful emissions and reduce the carbon footprint are the key factors driving the growth of the global wireless electric vehicle charging market. Major leading companies that contribute a substantial growth in the economy have started to invest more in the R&D for the wireless charging vehicle market. Furthermore, there has been an escalation witnessed in the use of electric vehicles to eliminate harmful emissions for carbon footprint reduction. These factors explained play as the growth drivers for the market.
Challenges
However, there has been a lack of confidence among consumers related to infrastructure support for such technology along with a lack of product standardizations are the key factors expected to hinder the growth of global wireless electric vehicle charging markets.
Geographic Overview
Geographically, the wireless electric vehicle charging market in Europe is expected to contribute the largest revenue by 2030 due to accessibility to well-organized infrastructure that enhances the establishment of wireless charging infrastructure in this region. The development of effective infrastructure with access to a large number of charging stations along with a massive increase in the sale of electric vehicles in the region are the key factors driving the growth of the global wireless electric vehicle charging market.
Moreover, the wireless electric vehicle charging market in Asia-Pacific is projected to witness the highest growth during the forecast period. The wireless electric vehicle charging market in Asia-Pacific is growing as a large part of the global manufacturing units are present in the region along with the increasing world population in the region has accentuated the pollution parameters that are emphasizing upon the acceptance of the electric vehicle. The government in the countries of this region is keen on the conversion of the economy to go completely electric thereby contributing towards the growth of the wireless electric vehicle charging market.
Competitive Insight
Key players operating in the global wireless electric vehicle charging market are emphasizing their efforts upon strategic acquisitions to strengthen capabilities of research & development that support them in providing innovative solutions to the users and thus gain competitive advantage. Furthermore, the key players such as WiTricity is undertaking product development and mergers & acquisitions activities.
Some of the major players operating the global wireless electric vehicle charging market include HEVO Inc., Integrated Device Technology, Inc., WiTricity Corporation, Robert Bosch GmbH, Toyota Motor Corporation, Daimler AG, Qualcomm Technologies, Continental AG, HELLA KGaA Hueck & Co., Mojo Mobility, and ZTE Corporation.
Primary Research
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data, and have key opinions from industry experts. The key profiles approached within the industry include, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.
The Wireless Electric Vehicle Charging Market report offers a comprehensive market segmentation analysis and estimates for the forecast period 2025–2030.
Segments Covered in the Report
Geographical Segmentation
Source: VynZ Research
Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Component
1.2.2. By Distribution Channel
1.2.3. By Application
1.2.4. By Charging Type
1.2.5. By Vehicle Type
1.2.6. By Charging System
1.2.7. By Supply Range
1.2.8. By Propulsion
1.3. Research Phases
1.4. Limitations
1.5. Research Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Component
5.1.1. Base Charging
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Power Control Unit
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.1.3. Vehicle Charging Pad
5.1.3.1. Market Definition
5.1.3.2. Market Estimation and Forecast to 2030
5.2. By Distribution Channel
5.2.1. OEM
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. After Market
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.3. By Application
5.3.1. Home Charging Unit
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Public Or Commercial Charging Station
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.4. By Charging Type
5.4.1. Dynamic Wireless Charging System
5.4.1.1. Market Definition
5.4.1.2. Market Estimation and Forecast to 2030
5.4.2. Stationary Wireless Charging System
5.4.2.1. Market Definition
5.4.2.2. Market Estimation and Forecast to 2030
5.5. By Vehicle Type
5.5.1. Commercial Vehicle
5.5.1.1. Market Definition
5.5.1.2. Market Estimation and Forecast to 2030
5.5.2. Passenger Car
5.5.2.1. Market Definition
5.5.2.2. Market Estimation and Forecast to 2030
5.6. By Charging System
5.6.1. Magnetic Power Transfer
5.6.1.1. Market Definition
5.6.1.2. Market Estimation and Forecast to 2030
5.6.2. Capacitive Power Transfer
5.6.2.1. Market Definition
5.6.2.2. Market Estimation and Forecast to 2030
5.6.3. Inductive Power Transfer
5.6.3.1. Market Definition
5.6.3.2. Market Estimation and Forecast to 2030
5.7. By Supply Range
5.7.1. 3-<11kW
5.7.1.1. Market Definition
5.7.1.2. Market Estimation and Forecast to 2030
5.7.2. 11-50kW
5.7.2.1. Market Definition
5.7.2.2. Market Estimation and Forecast to 2030
5.7.3. >50kW
5.7.3.1. Market Definition
5.7.3.2. Market Estimation and Forecast to 2030
5.8. By Propulsion
5.8.1. BEV
5.8.1.1. Market Definition
5.8.1.2. Market Estimation and Forecast to 2030
5.8.2. PHEV
5.8.2.1. Market Definition
5.8.2.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Component
6.2. By Distribution Channel
6.3. By Application
6.4. By Charging Type
6.5. By Vehicle Type
6.6. By Charging System
6.7. By Supply Range
6.8. By Propulsion
6.9. By Country
6.9.1. U.S. Market Estimate and Forecast
6.9.2. Canada Market Estimate and Forecast
6.9.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Component
7.2. By Distribution Channel
7.3. By Application
7.4. By Charging Type
7.5. By Vehicle Type
7.6. By Charging System
7.7. By Supply Range
7.8. By Propulsion
7.9. By Country
7.9.1. Germany Market Estimate and Forecast
7.9.2. France Market Estimate and Forecast
7.9.3. U.K. Market Estimate and Forecast
7.9.4. Denmark Market Estimate and Forecast
7.9.5. Spain Market Estimate and Forecast
7.9.6. Russia Market Estimate and Forecast
7.9.7. Austria Market Estimate and Forecast
7.9.8. Sweden Market Estimate and Forecast
7.9.9. Netherlands Market Estimate and Forecast
7.9.10. Norway Market Estimate and Forecast
7.9.11. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Component
8.2. By Distribution Channel
8.3. By Application
8.4. By Charging Type
8.5. By Vehicle Type
8.6. By Charging System
8.7. By Supply Range
8.8. By Propulsion
8.9. By Country
8.9.1. China Market Estimate and Forecast
8.9.2. Japan Market Estimate and Forecast
8.9.3. India Market Estimate and Forecast
8.9.4. South Korea Market Estimate and Forecast
8.9.5. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Component
9.2. By Distribution Channel
9.3. By Application
9.4. By Charging Type
9.5. By Vehicle Type
9.6. By Charging System
9.7. By Supply Range
9.8. By Propulsion
9.9. By Country
9.9.1. Brazil Market Estimate and Forecast
9.9.2. Saudi Arabia Market Estimate and Forecast
9.9.3. South Africa Market Estimate and Forecast
9.9.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. HEVO Inc.
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Integrated Device Technology, Inc.
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. WiTricity Corporation, GmbH
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. Toyota Motor Corporation
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Daimler AG
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. Qualcomm Technologies
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. Continental AG
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. HELLA KGaA Hueck & Co.
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. Mojo Mobility
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. ZTE Corporation
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
1. Appendix
1.1. Exchange Rates
1.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Wireless Electric Vehicle Charging Market Size, by Charging Type, 2018-2023 (USD Billion)
Table 5 Global Wireless Electric Vehicle Charging Market Size, by Charging Type, 2025-2030 (USD Billion)
Table 6 Global Wireless Electric Vehicle Charging Market Size, by Application, 2018-2023 (USD Billion)
Table 7 Global Wireless Electric Vehicle Charging Market Size, by Application, 2025-2030 (USD Billion)
Table 8 Global Wireless Electric Vehicle Charging Market Size, by vehicle type, 2018-2023 (USD Billion)
Table 9 Global Wireless Electric Vehicle Charging Market Size, by vehicle type, 2025-2030 (USD Billion)
Table 10 Global Wireless Electric Vehicle Charging Market Size, by Region, 2018-2023 (USD Billion)
Table 11 Global Wireless Electric Vehicle Charging Market Size, by Region, 2025-2030 (USD Billion)
Table 12 North America Wireless Electric Vehicle Charging Market Size, by Charging Type, 2018-2023 (USD Billion)
Table 13 North America Wireless Electric Vehicle Charging Market Size, by Charging Type, 2025-2030 (USD Billion)
Table 14 North America Wireless Electric Vehicle Charging Market Size, by Application, 2018-2023 (USD Billion)
Table 15 North America Wireless Electric Vehicle Charging Market Size, by Application, 2025-2030 (USD Billion)
Table 16 North America Wireless Electric Vehicle Charging Market Size, by vehicle type, 2018-2023 (USD Billion)
Table 17 North America Wireless Electric Vehicle Charging Market Size, by Vehicle Type, 2025-2030 (USD Billion)
Table 18 North America Wireless Electric Vehicle Charging Market Size, by Country, 2018-2023 (USD Billion)
Table 19 North America Wireless Electric Vehicle Charging Market Size, by Country, 2025-2030 (USD Billion)
Table 20 Europe Wireless Electric Vehicle Charging Market Size, by Charging Type, 2018-2023 (USD Billion)
Table 21 Europe Wireless Electric Vehicle Charging Market Size, by Charging Type, 2025-2030 (USD Billion)
Table 22 Europe Wireless Electric Vehicle Charging Market Size, by Application, 2018-2023 (USD Billion)
Table 23 Europe Wireless Electric Vehicle Charging Market Size, by Application, 2025-2030 (USD Billion)
Table 24 Europe Wireless Electric Vehicle Charging Market Size, by vehicle type, 2018-2023 (USD Billion)
Table 25 Europe Wireless Electric Vehicle Charging Market Size, by Vehicle Type, 2025-2030 (USD Billion)
Table 26 Europe Wireless Electric Vehicle Charging Market Size, by Country, 2018-2023 (USD Billion)
Table 27 Europe Wireless Electric Vehicle Charging Market Size, by Country, 2025-2030 (USD Billion)
Table 28 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Charging Type, 2018-2023 (USD Billion)
Table 29 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Charging Type, 2025-2030 (USD Billion)
Table 30 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Application, 2018-2023 (USD Billion)
Table 31 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Application, 2025-2030 (USD Billion)
Table 32 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by vehicle type, 2018-2023 (USD Billion)
Table 33 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Vehicle Type, 2025-2030 (USD Billion)
Table 34 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Country, 2018-2023 (USD Billion)
Table 35 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Country, 2025-2030 (USD Billion)
Table 36 RoW Wireless Electric Vehicle Charging Market Size, by Charging Type, 2018-2023 (USD Billion)
Table 37 RoW Wireless Electric Vehicle Charging Market Size, by Charging Type, 2025-2030 (USD Billion)
Table 38 RoW Wireless Electric Vehicle Charging Market Size, by Application, 2018-2023 (USD Billion)
Table 39 RoW Wireless Electric Vehicle Charging Market Size, by Application, 2025-2030 (USD Billion)
Table 40 RoW Wireless Electric Vehicle Charging Market Size, by Vehicle Type, 2018-2023 (USD Billion)
Table 41 RoW Wireless Electric Vehicle Charging Market Size, by Vehicle Type, 2025-2030 (USD Billion)
Table 42 RoW Wireless Electric Vehicle Charging Market Size, by Country, 2018-2023 (USD Billion)
Table 43 RoW Wireless Electric Vehicle Charging Market Size, by Country, 2025-2030 (USD Billion)
Table 44 Snapshot – The Linde Group
Table 45 Snapshot – Saint-Gobain
Table 46 Snapshot – Air Liquide S.A.
Table 47 Snapshot – Air Products and Chemicals Inc.
Table 48 Snapshot – Taiyo Nippon Sanso Corporation
Table 49 Snapshot – Messer Group GmbH
Table 50 Snapshot – Yingde Gases Group Co. Ltd.
Table 51 Snapshot – Matheson Tri-Gas Inc.
Table 52 Snapshot – SOL Group
Table 53 Snapshot – Gulf Cryo
Table 54 Snapshot – Air Water Inc.
Table 55 Snapshot – SIG Gases Berhad
Table 56 Snapshot – Norco Inc.
Table 57 Snapshot – AmeriGas
Table 58 Snapshot – National Welding Supplies Co. Ltd.
Table 59 Snapshot – Iwatani Corporation
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Charging Types for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Wireless Electric Vehicle Charging Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Wireless Electric Vehicle Charging Market Highlight
Figure 12 Global Wireless Electric Vehicle Charging Market Size, by Charging Type, 2018 – 2030 (USD Billion)
Figure 13 Global Wireless Electric Vehicle Charging Market Size, by Application 2018 – 2030 (USD Billion)
Figure 14 Global Wireless Electric Vehicle Charging Market Size, by Vehicle Type 2018 – 2030 (USD Billion)
Figure 15 Global Wireless Electric Vehicle Charging Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 16 North America Wireless Electric Vehicle Charging Market Highlight
Figure 17 North America Wireless Electric Vehicle Charging Market Size, by Charging Type, 2018 – 2030 (USD Billion)
Figure 18 North America Wireless Electric Vehicle Charging Market Size, by Application 2018–2030 (USD Billion)
Figure 19 North America Wireless Electric Vehicle Charging Market Size, by Vehicle Type 2018–2030 (USD Billion)
Figure 20 North America Wireless Electric Vehicle Charging Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 21 Europe Wireless Electric Vehicle Charging Market Highlight
Figure 22 Europe Wireless Electric Vehicle Charging Market Size, by Charging Type, 2018 – 2030 (USD Billion)
Figure 23 Europe Wireless Electric Vehicle Charging Market Size, by Application 2018 – 2030 (USD Billion)
Figure 24 Europe Wireless Electric Vehicle Charging Market Size, by Vehicle Type 2018 – 2030 (USD Billion)
Figure 25 Europe Wireless Electric Vehicle Charging Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 26 Asia-Pacific Wireless Electric Vehicle Charging Market Highlight
Figure 27 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Charging Type, 2018 – 2030 (USD Billion)
Figure 28 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Application 2018 – 2030 (USD Billion)
Figure 29 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Vehicle Type 2018 – 2030 (USD Billion)
Figure 30 Asia-Pacific Wireless Electric Vehicle Charging Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 31 RoW Wireless Electric Vehicle Charging Market Highlight
Figure 32 RoW Wireless Electric Vehicle Charging Market Size, by Charging Type, 2018 – 2030 (USD Billion)
Figure 33 RoW Wireless Electric Vehicle Charging Market Size, by Application 2018 – 2030 (USD Billion)
Figure 34 RoW Wireless Electric Vehicle Charging Market Size, by Vehicle Type 2018 – 2030 (USD Billion)
Figure 35 RoW Wireless Electric Vehicle Charging Market Size, by Country, 2018 – 2030 (USD Billion)
Global Wireless Electric Vehicle Charging Market Coverage
Component Insight and Forecast 2025 – 2030
Distribution Channel Insight and Forecast 2025 – 2030
Application Insight and Forecast 2025 – 2030
Charging Type Insight and Forecast 2025 – 2030
Vehicle Type Insight and Forecast 2025 – 2030
Charging System Insight and Forecast 2025 – 2030
Supply Range Insight and Forecast 2025 – 2030
Propulsion Insight and Forecast 2025 – 2030
Geographical Segmentation
Wireless Electric Vehicle Charging Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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Wireless Electric Vehicle Charging Market