As per the detailed research of Coherent Market Insights, it is projected that Wireless Electric Vehicle charging market is going to grow holistically worldwide. The company used the data from previous years (2017-2022) and used different qualitative and quantitative analyses and projected EV charging market growth for coming years (2022-2028). The research is aimed to help various stakeholders across the world.
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Coherent Market Insights is a consulting organization and market intelligence company, that operates globally and is headquartered in Pune, India.
As per the analysis report, it is expected that the electric vehicle charging market is going to be booming in the coming years.
What are the data points for the Wireless EV Charging Market analysis?
The research report of 130 pages included an in-depth analysis of current scenarios in the EV Charging Market. The analysis is done with the data, that included important figures such as CAGR, Revenue, Gross Margin, Volume, and Market Share of the various companies. For the analysis of the data, primary and secondary methodologies were used.
As North America, Europe, and Asia are the major market for the automotive segment, Coherent Industry Insights has taken all important markets such as North America, China, Japan, India, and MEA. The research included the factors like constraints, opportunities, challenges, and trends for each market.
To study the EV charging markets, the company used information about the most significant market participants companies, it included the company’s business profiles, their products, and price information. Apart from this, statistics about the company’s expansion are also taken into account for the contribution to the Wireless EV charging market in the current climate.
Considering the current increase in demand for EVs, the report showcases that, Wireless EV charging markets will increase their profitability eventually.
What are the major companies in Wireless EV Charging Market?
The current major companies, which are in Wireless EC Charging Markets are as follows.
- Bombardier Inc – Headquartered in Montreal, Canada
- Elix Wireless – Headquartered in Vancouver, British Columbia
- Continental AG – Headquarters in Hanover, Germany
- Qualcomm Inc. – Headquarters in California United States
- Robert Bosch GmbH – Headquarters in Gerlingen, Germany
- Toshiba Corporation – Headquarters in Tokyo Japan
- ZTE Corporation – Headquarters in Shenzhen, China
- Toyota Motors Corporation – Headquarters in Japan
- Hella – Headquarters in Lippstadt, Germany
Final Words
Coherent Market Insights is expecting that EV adoption in emerging economies like India and China are going to increase in the coming year, which is going to give a boost to the Wireless EV charging market.
As more an more companies are moving their focus towards Electric mobility, it gives clear indication that, it will give boost to all related EV markets as well.
Following are some questions and answers, that people also ask on the topic.
Frequently Asked Questions
How big is the wireless charging market?
In the year 2021, the wireless charging market was approximated to be a 4.5 billion dollar industry. It is projected to reach a 13.4 billion dollar industry by the year 2026.
Can you charge an EV wirelessly?
Yes, it is possible to charge an EV wirelessly at Wireless EV Charging stations. There are two types of wireless EV charging possible, one is Static Wireless EV Charging and another is Dynamic Wireless EV Charging. There are very few wireless EV charging stations across the globe currently.
Is wireless charging a trend?
Yes, it is the latest technology in the electric vehicle, that let you charge your EV wirelessly. Currently, the technology is under the development and testing phase, so, it will take some time before EV owners will be able to charge their vehicles wirelessly.
What are the main drawbacks of wireless EV charging?
Wireless EV charging needs your vehicle to be at a stationary position over and aligned with the EV Power Transmitter. It works only when your EV is very close to the EV Power transmitter. Wireless EV charging stations need high capital to establish the charging point.
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