Global Automotive Inductive Wireless Charging Systems Market 2017-2021: Market to Grow at a CAGR of 52.81% - Key Vendors are Evatran, Momentum Dynamics, Qualcomm Technologies & WiTricity - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Automotive Inductive Wireless Charging Systems Market 2017-2021" report to their offering.

The global automotive inductive wireless charging systems market to grow at a CAGR of 52.81% during the period 2017-2021.

The report covers the present scenario and growth prospects of the global automotive inductive wireless charging systems (WCS) market for 2017-2021. To calculate the market size, we considered the total global shipments of WCS by considering 2016 as the base year and have forecast the shipments for 2017-2021 across different regions. The report also includes a discussion of the key vendors operating in this market.

One trend in market is vehicle-to-grid charging and storage system. This is a new concept evolved from the WCS technology. In inductive charging, the power is transferred from a primary coil in the pad to a secondary coil under the vehicle through electromagnetic field formed between the air gap between these two coils.

The recent development of this technology is the reversing the induction process to power back the grids from the charged vehicle whenever needed. The vehicle will draw energy from the grid through WCS at off-peak hours, and it will be stored in the PEV battery. During peak hours, the energy from batteries will induce a field to be produced by the coil under the vehicle. The coil in charging pads will acquire the power from the vehicles. This power is used to run office buildings or other facilities during peak hours, thereby reducing power demand on national grids.

Market Dynamics

Market drivers

  • Increased sales of PEVs in major regions globally
  • Increased investments in infrastructure development and in-house charger development by OEMs
  • Demand for rapid charging to alleviate range concerns

Market challenges

  • High installation cost: 30% costlier than conductive charging
  • Non-harmonization of standards for wireless charging
  • Lesser efficiency of WCS
  • Increasing cost pressure on OEMs from demand side

Market trends

  • On-road dynamic WCS
  • Vehicle-to-grid charging and storage system
  • Autonomous EVs with WCS

Key vendors

  • Evatran
  • Momentum Dynamics
  • Qualcomm Technologies
  • WiTricity

Other prominent vendors

  • Bosch
  • AeroVironment
  • ChargePoint
  • ECOtality
  • Fulton Innovation
  • Gill Industries
  • Mojo Mobility
  • PowerbyProxi

For more information about this report visit http://www.researchandmarkets.com/research/4jqn4c/global_automotive

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Fax (outside U.S.): +353-1-481-1716
Related Topics: Telematics and Vehicle Electronics, Electric and Hybrid Vehicles

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Telematics and Vehicle Electronics, Electric and Hybrid Vehicles