Wireless Electric Vehicle Charging System Sales to Surpass 280,000 by 2020, Forecasts Pike Research

BOULDER, Colo.--(BUSINESS WIRE)--Until recently, wireless charging equipment for plug-in electric vehicles (PEVs) has had all the characteristics of a promising technology in search of a market. In the last six to 12 months, however, this has begun to change. Nearly all of the major PEV manufacturers have announced partnerships to develop wireless charging systems, and there are signs that such systems, installed at the factory or added at the dealership, could become a market differentiator for electric vehicle (EV) models. According to a new research brief from Pike Research, a part of Navigant’s Energy Practice, sales of wireless EV charging equipment will grow steadily through the remainder of the decade, reaching annual sales of 283,000 by 2020.

“The experiences of EV owners have strengthened the case that the convenience of charging could be a major factor in purchase decisions”

“The experiences of EV owners have strengthened the case that the convenience of charging could be a major factor in purchase decisions,” says editorial director Richard Martin. “They have also made other benefits of wireless charging, including the alleviation of range anxiety through frequent, brief top-offs via embedded, automatic wireless charging systems, much more evident.”

Many trials with OEM vehicles started up in 2012. Publicly announced wireless charging vendor relationships include: Siemens with BMW; WiTricity with Delphi and with automakers Toyota, Mitsubishi, and Audi; Qualcomm with Renault and Delta Motorsports; and Evatran with SPX Service Solutions, Google, Hertz Corp., and others. Currently, wireless EV charging systems are not on the commercial market, but at least one vendor intends to bring a system to market in the first half of 2013.

The research brief, “Wireless Charging Systems for Electric Vehicles,” examines the fledgling market for wireless charging systems for EVs, focusing on the efforts of technology developers, working in partnership with automakers, to bring systems to market. The technology of wireless EV charging is examined and explained in detail, along with the current state of and outlook for the market. Forecasts for sales of wireless EV charging systems, segmented by region, are provided through 2020. An Executive Summary of the research brief is available for free download on the Pike Research website.

About Pike Research

Pike Research, which joined Navigant’s global Energy Practice on July 1, 2012, provides in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.

* The information contained in this press release concerning the report, “Wireless Charging Systems for Electric Vehicles,” is a summary and reflects Pike Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.