Global Wireless Charging for Electric Vehicles Market, Forecast to 2027 - New Revenue Pockets in Europe & Asia-Pacific Present Opportunities

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Jan 10, 2020, 14:15 ET

DUBLIN, Jan. 10, 2020 /PRNewswire/ -- The "Wireless Charging for Electric Vehicle Market by Power Supply (3-<_1_ _1-50_="_1-50_">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.

The Global Wireless Charging for Electric Vehicle Market is Projected to Grow at a CAGR of 46.8%, from USD 16 Million in 2020 to USD 234 Million by 2027.

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 presence of leading players in the wireless charging for electric vehicle markets, such as Robert Bosch GmbH, Continental AG, and HELLA KGaA Hueck & Co, would also drive market growth in the region. The adoption of wireless charging technology by automotive companies such as BMW is also expected to fuel the market during the forecast period.

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

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Wireless Charging for Electric Vehicle Market
4.2 Wireless Charging for Electric Vehicle Market Growth Rate, By Region
4.3 Wireless Charging for Electric Vehicle Market, By Vehicle Type
4.4 Wireless Charging for Electric Vehicle Market, By Propulsion Type
4.5 Wireless Charging for Electric Vehicle Market, By Power Supply Type
4.6 Wireless Charging for Electric Vehicle Market, By Charging System Type
4.7 Wireless Charging for Electric Vehicle Market, By Application Type
4.8 Wireless Charging for Electric Vehicle Market, By Charging Type
4.9 Wireless Charging for Electric Vehicle Market, By Component Type
4.10 Wireless Charging for Electric Vehicle Market, By Distribution Channel Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Emission-Free and Safe Electric Vehicles
5.2.1.2 Rapid Development of Fast-Charging Infrastructure for Electric Vehicle
5.2.2 Restraints
5.2.2.1 High Cost of Upgrading to Wireless Charging Technology
5.2.3 Opportunities
5.2.3.1 Increasing Support From Government for Wireless Charging
5.2.3.2 New Revenue Pockets in Europe and Asia Pacific
5.2.4 Challenges
5.2.4.1 Minimizing Loss of Efficiency
5.2.4.2 High Investment in Infrastructure for Dynamic Charging
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
6.3.1 Research & Development
6.3.2 Manufacturing
6.3.3 Product Development & Marketing:
6.3.4 Post-Sales Services:
6.4 Technological Analysis
6.4.1 Wireless Charging System Technology
6.4.1.1 Inductive Coupling
6.4.1.2 Magnetic Wireless Charging
6.4.1.2.1 Magnetic Resonance Coupling
6.4.1.2.2 Magneto Dynamic Coupling (MDC)
6.4.1.3 Capacitive Wireless Power Transfer (CWPT)

7 Wireless Charging for Electric Vehicle Market, By Application
7.1 Introduction
7.2 Operational Data
7.2.1 Assumptions & Limitations
7.2.2 Research Methodology for Application Segment
7.3 Commercial Charging Station
7.3.1 Advancements in Technology are Expected to Drive the Market for Commercial Charging Station
7.4 Home Charging Unit
7.4.1 Rising Demand for Electric Passenger Cars is Likely to Drive the Demand for Home Charging Unit
7.5 Key Industry Insights

8 Wireless Charging for Electric Vehicle Market, By Component
8.1 Introduction
8.1.1 Assumptions & Limitations
8.1.2 Research Methodology for Component Segment
8.2 Base Charging Pad
8.2.1 Technological Advancements Will Drive the Overall Growth of the Market
8.3 Power Control Unit
8.3.1 Increased Focus on the Development of Wireless Ev Charging Infrastructure is Expected to Drive the Market
8.4 Vehicle Charging Pad
8.4.1 Increasing Sales of Electric Vehicles Would Fuel the Vehicle Charging Pad Segment
8.5 Key Industry Insights

9 Wireless Charging for Electric Vehicle Market, By Charging System
9.1 Introduction
9.2 Operational Data
9.2.1 Assumptions & Limitations
9.2.2 Research Methodology for Charging System Segment
9.3 Magnetic Power Transfer
9.4 Inductive Power Transfer
9.5 Capacitive Power Transfer
9.6 Key Industry Insights

10 Wireless Charging for Electric Vehicle Market, By Charging Type
10.1 Introduction
10.2 Operational Data
10.2.1 Assumptions & Limitations
10.2.2 Research Methodology for Charging Segment
10.3 Dynamic Wireless Charging System
10.3.1 Improved Efficiency is Expected to Drive the Dynamic Wireless Charging System Market
10.4 Stationary Wireless Charging System
10.4.1 Increasing Sales of Electric Vehicles is Likely to Drive the Market
10.5 Key Industry Insights

11 Wireless Charging for Electric Vehicle Market, By Distribution Channel Type
11.1 Introduction
11.2 Operational Data
11.2.1 Assumptions
11.2.2 Research Methodology for Distribution Channel Segment
11.3 Aftermarket
11.3.1 Increased Compatibility of the Wireless Charging System Will Drive the Aftermarket Segment
11.4 OE
11.4.1 Technological Advancements in Wireless Charging of Electric Vehicles Will Drive the Market
11.5 Key Industry Insights

12 Wireless Charging for Electric Vehicle Market, By Power Supply
12.1 Introduction
12.2 Operational Data
12.2.1 Assumptions & Limitations
12.2.2 Research Methodology for Power Supply Segment
12.3 3-<_1 />12.3.1 Growing Demand for Home Charging Unit Will Drive the Market
12.4 11-50 KW
12.4.1 Increasing Focus on Luxury Electric Vehicles Will Fuel Market Growth
12.5 >50 KW
12.5.1 Development of Wireless Charging Infrastructure for Commercial Vehicles is Expected to Boost Demand
12.6 Key Industry Insights

13 Wireless Charging for Electric Vehicle Market, By Vehicle Type
13.1 Introduction
13.2 Operational Data
13.2.1 Assumptions & Limitations
13.2.2 Research Methodology for Vehicle Segment
13.3 Passenger Car (PC)
13.3.1 Easy Operation of Wireless Charging Will Drive the Passenger Car Segment
13.4 Commercial Vehicle (CV)
13.4.1 Electric Bus
13.4.2 Electric Vans
13.4.3 Electric Pick-Up Trucks
13.4.4 Electric Trucks
13.4.5 Technological Advancements Will Improve the Efficiency of Wireless Charging in Commercial Vehicles
13.5 Key Industry Insights

14 Wireless Charging for Electric Vehicle Market, By Propulsion Type
14.1 Introduction
14.2 Operational Data
14.2.1 Assumptions & Limitations
14.2.2 Research Methodology for Propulsion Segment
14.3 Battery Electric Vehicle (BEV)
14.3.1 Increasing Sales of BEV Will Boost the Demand for Wireless Charging
14.4 Plug-In Hybrid Electric Vehicle (PHEV)
14.4.1 Rising Popularity of Luxury PHEV is Expected to Drive the Market
14.5 Key Industry Insights

15 Wireless Charging for Electric Vehicle Market, By Region
15.1 Introduction
15.1.1 Increasing Demand for Safe Charging of Electric Vehicles is Expected to Boost the Market
15.2 Asia Pacific
15.2.1 China
15.2.1.1 Increasing Stringency of Emission Regulation Would Drive the Market
15.2.2 India
15.2.2.1 Favorable Government Policies Will Impact the Market Positively
15.2.3 Japan
15.2.3.1 Development of Advanced Ev Technology Will Fuel the Market
15.2.4 South Korea
15.2.4.1 Reduced Price of Components of Wireless Charging System Will Drive the Market
15.3 Europe
15.3.1 Austria
15.3.1.1 Reduced Cost of Batteries Will Increase the Market
15.3.2 Denmark
15.3.2.1 Installation of A Large Number of Ev Charging Stations Will Drive the Market
15.3.3 France
15.3.3.1 Increased Sales of PHEVs and BEVs Would Fuel the Growth of This Region
15.3.4 Germany
15.3.4.1 Presence of Leading Players Will Boost the Market in Germany
15.3.5 The Netherlands
15.3.5.1 Huge Investments in Ev Technology are Expected to Boost the Overall Growth
15.3.6 Norway
15.3.6.1 Rapid Advancements in Wireless Charging System Would Initiate Rapid Growth of the Market
15.3.7 Russia
15.3.7.1 Increasing Focus on Ev Technology is Driving the Demand
15.3.8 Spain
15.3.8.1 Increasing Focus on Low Emission Vehicles is Driving the Demand
15.3.9 Sweden
15.3.9.1 Rapid Advancements in Dynamic Wireless Charging Would Accelerate the Market
15.3.10 Switzerland
15.3.10.1 Increased Purchasing Power Will Boost the Market
15.3.11 UK
15.3.11.1 Increased Financial Support From the Government Would Drive the Market
15.4 North America
15.4.1 Canada
15.4.1.1 Developments in Ev Infrastructure Will Fuel the Growth
15.4.2 Mexico
15.4.2.1 Rising Awareness of Low Emission Vehicles Will Drive the Market
15.4.3 US
15.4.3.1 Presence of Wireless Ev Charging System Manufacturers and Increased Ev Sales Will Boost the Market
15.5 Rest of the World (RoW)
15.5.1 Brazil
15.5.1.1 Increasing Government Support for Electric Vehicles Will Boost the Demand
15.5.2 South Africa
15.5.2.1 Growing Adoption of Ev Technology Will Impact the Market

16 Competitive Landscape
16.1 Overview
16.2 Market Ranking Analysis
16.3 Competitive Scenario
16.3.1 Mergers & Acquisitions
16.3.2 Partnerships/Supply Contracts/Collaborations/Joint Ventures/License Agreements
16.3.3 Expansions
16.4 Competitive Leadership Mapping
16.4.1 Visionary Leaders
16.4.2 Innovators
16.4.3 Dynamic Differentiators
16.4.4 Emerging Companies
16.5 Adjacent Market Players: Competitive Leadership Mapping
16.5.1 Progressive Company
16.5.2 Responsive Companies
16.5.3 Dynamic Companies
16.5.4 Starting Blocks
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

18 Recommendations
18.1 Europe Will Be the Major Market for Wireless Charging of Electric Vehicles
18.2 Home Charging Unit Can Be A Key Focus for Manufacturers
18.3 Conclusion

For more information about this report visit https://www.researchandmarkets.com/r/1kll68

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