Wireless Charging Systems for Electric Vehicles Will Surpass 300,000 in Annual Sales by 2022, Forecasts Navigant Research
Automakers plan to release wireless-capable models in 2015-2016, report finds
BOULDER, Colo.--(BUSINESS WIRE)--Wireless charging systems for electric vehicles (EVs) offer several advantages over conventional plug-in technology, foremost among them unparalleled convenience for EV owners. Until recently, these systems were in the R&D and pilot stages only, but now products have begun to reach the market, and several major EV manufacturers have plans to offer models with wireless charging capability in the 2015-2016 timeframe. Click to tweet: According to a new report from Navigant Research, worldwide sales of wireless EV charging systems will grow from a few hundred in 2014 to nearly 302,000 by 2022.
“Although some in the industry remain unconvinced that wireless charging will ever be more than a small niche market, it’s clear that major automakers have concluded that this technology could be a differentiator in a crowded EV market”
“Although some in the industry remain unconvinced that wireless charging will ever be more than a small niche market, it’s clear that major automakers have concluded that this technology could be a differentiator in a crowded EV market,” says Richard Martin, editorial director with Navigant Research. “Features once considered luxury items, such as power windows and automatic garage door openers, tend to spread, over time, across all vehicle segments – and that is likely to apply to wireless charging, as well.”
Several developments in 2013 signaled the beginning of a new phase in this emerging market, according to the report. Bosch announced a sales and distribution agreement with Evatran, maker of the Plugless Power system, with products scheduled to reach the market in the first quarter of 2014. Also, the Society of Automotive Engineers (SAE) said that its Wireless Power Transfer Task Force for vehicles has agreed on a standard frequency for wireless EV charging, reducing the possibility of a standards battle among competing vendors.
The report, “Wireless Charging Systems for Electric Vehicles,” analyzes the fledgling market for wireless charging systems for EVs. It examines the technology of wireless EV charging and the efforts of technology developers, working in partnership with automakers, to bring systems to market. Global market forecasts for sales of wireless EV charging systems, segmented by region, extend through 2022. The report also looks at the demand drivers and market barriers associated with wireless EV charging, along with the efforts of automakers to incorporate wireless charging capability into their EV models. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about 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, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
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*The information contained in this press release concerning the report, “Wireless Charging Systems for Electric Vehicles,” is a summary and reflects Navigant 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 Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.