DUBLIN--(BUSINESS WIRE)--The "Wireless Charging for Electric Vehicle Market by Power Supply (3-<11, 11-50, & >50 KW), Application (Home & Commercial), Distribution channel (Aftermarket & OE), Component, Charging System, Propulsion, Vehicle type, & Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
Increasing focus on R&D activities, rapid development of EV technology, and the ease of charging vehicles are expected to fuel the demand in wireless charging for electric vehicle market.
The rising demand for BEVs and PHEVs is expected to fuel the overall growth of the wireless charging for electric vehicle market. Increasing R&D investments by manufacturers of wireless charging systems and the growing number of partnerships and joint ventures between major OEMs and domestic players have created growth opportunities in the wireless charging for electric vehicle market. However, the high cost of upgrading to wireless charging technology may restrain the growth of the market. The transmission range of a wireless charger through electromagnetic induction and/or magnetic resonance is limited to a certain distance. This limitation of range poses a serious challenge for manufacturers, especially in the case of LCVs and SUVs with high ground clearance.
>50 KW segment is expected to grow at a significant rate during the forecast period, by power supply range.
The >50 kW segment of the wireless charging for electric vehicle market is projected to grow at the highest CAGR during the forecast period. Various incentives are provided for the development of commercial electric vehicles. Moreover, the >50 kW segment focuses on dynamic charging, which is a new and upcoming technology and has not yet commercialized. Thus, the development of dynamic charging is likely to fuel the >50 kW segment in the wireless charging for electric vehicle market.
Home Charging Station is estimated to be the largest segment of wireless charging for electric vehicle market, by charging station type.
The rising demand for BEVs and PHEVs has fueled the growth of the wireless charging for electric vehicle market. Growing environmental concerns, rising fossil fuel prices, long-term supply concerns, and improved technology have accelerated the growth of the BEV and PHEV technology. Many OEMs are now offering BEVs and PHEVs equipped with wireless power transfer technology. For instance, the new Toyota Prius, a PHEV by Toyota, is equipped with a new wireless charging system developed by WiTricity Corporation. These developments are expected to drive the home charging station segment.
Europe is estimated to be the fastest growing region in the wireless charging for electric vehicle market during the forecast period.
The availability of sound infrastructure and increasing electric vehicle sales in the region are expected to drive the wireless charging for electric vehicle market in Europe. The adoption of wireless charging technology by automotive companies such as BMW is also expected to fuel the market during the forecast period.
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The report provides insights into the following points:
- Market Penetration: The report offers comprehensive information about the wireless charging for electric vehicle market and the top players in the market.
- Product Development/Innovation: The report provides detailed insights into the upcoming technologies, R&D activities, and new product launches in the wireless charging for electric vehicle market.
- Market Development: The report offers comprehensive information about the wireless charging for electric vehicle market. The report analyzes the wireless charging for electric vehicle market across regions and provides comprehensive information about lucrative emerging markets.
- Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the wireless charging for electric vehicle market.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Package Size
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions & Associated Risks
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Wireless Charging for Electric Vehicle Market, Scenarios (2020-2027)
5.3.1 Wireless Charging for Electric Vehicle Market, Most Likely Scenario
5.3.2 Wireless Charging for Electric Vehicle Market, Optimistic Scenario
5.3.3 Wireless Charging for Electric Vehicle Market, Pessimistic Scenario
6 Industry Trends
6.1 Introduction
6.2 Porter's 5 Forces Analysis
6.3 Value Chain Analysis
6.4 Technological Analysis
7 Wireless Charging for Electric Vehicle Market, By Application
7.1 Introduction
7.2 Operational Data
7.3 Commercial Charging Station
7.4 Home Charging Unit
7.5 Key Industry Insights
8 Wireless Charging for Electric Vehicle Market, By Component
9 Wireless Charging for Electric Vehicle Market, By Charging System
10 Wireless Charging for Electric Vehicle Market, By Charging Type
11 Wireless Charging for Electric Vehicle Market, By Distribution Channel Type
12 Wireless Charging for Electric Vehicle Market, By Power Supply
13 Wireless Charging for Electric Vehicle Market, By Vehicle Type
14 Wireless Charging for Electric Vehicle Market, By Propulsion Type
15 Wireless Charging for Electric Vehicle Market, By Region
15.1 Introduction
15.2 Asia Pacific
15.3 Europe
15.4 North America
15.5 Rest of the World (RoW)
16 Competitive Landscape
16.1 Overview
16.2 Market Ranking Analysis
16.3 Competitive Scenario
16.4 Competitive Leadership Mapping
16.5 Adjacent Market Players: Competitive Leadership Mapping
16.6 Winners vs. Tail-Enders
17 Company Profiles
17.1 Witricity Corporation
17.2 Mojo Mobility
17.3 Momentum Dynamics Corporation
17.4 Elix Wireless Inc.
17.5 Efacec
17.6 Continental AG
17.7 Robert Bosch GmbH
17.8 Toshiba Corporation
17.9 Toyota Motor Corporation
17.10 Bombardier Inc.
17.11 Hella Kgaa Hueck & Co.
17.12 ZTE Corporation
17.13 Evatran Group Inc.
17.14 HEVO Inc.
17.15 Tgood Electric Co
17.16 Key Players From Other Regions
17.16.1 North America.
17.16.1.1 Wave
17.16.1.2 Lear Corporation
17.16.2 Europe
17.16.2.1 BMW
17.16.2.2 Fortum Corporation
17.16.3 Asia Pacific
17.16.3.1 Mitsubishi Electric
17.16.3.2 Hyundai
17.16.4 Rest of the World (RoW)
17.16.4.1 Electreon
17.16.4.2 NXP
17.17 Adjacent Market Players in Electric Vehicle Charging Solutions
17.17.1 North America
17.17.1.1 Leviton
17.17.1.2 Allego
17.17.1.3 Blink Charging
17.17.1.4 Clippercreek
17.17.1.5 Semaconnect
17.17.1.6 Webasto
17.17.1.7 Opconnect
17.17.1.8 EVGO
17.17.1.9 Volta
17.17.1.10 Ev Safe Charge
17.17.1.11 Chargepoint
17.17.1.12 Pulse Charge
17.17.2 Europe
17.17.2.1 New Motion B.V
17.17.2.2 Alfen
17.17.2.3 Ionity
17.17.2.4 Wallbox Ok
17.17.2.5 Heliox
17.17.2.6 Spark Horizon
17.17.2.7 BP Chargemaster
17.17.2.8 POD Point
17.17.2.9 ECOG
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