Wireless Electric Vehicle Charging For Electric Vehicles, Benefits Of An Emission-Free Society

According to the new market research report "Wireless Charging for Electric Vehicle Market by Power Supply (3–50 KW), Application (Home & Commercial), Distribution channel (Aftermarket & OE), Component, Charging system, Propulsion, Vehicle type, & Region - Global Forecast to 2027", published by MarketsandMarkets™, The Wireless Charging for Electric Vehicle Market is projected to grow at a CAGR of 46.8% during the forecast period, to reach USD 234 million by 2027 from USD 16 million in 2020.Browse and in-depth TOC on "Wireless Charging for Electric Vehicle Market"     163 - Tables61 - Figures203 - PagesThe increasing demand and sales of electric vehicles, government regulations to curb emission, and rapidly developing infrastructure are expected to drive the growth of the Wireless Charging for Electric Vehicle Market.

For instance, the Chinese government provides subsidies of RMB 55,000 on the purchase of a passenger BEV and RMB 30,000 for a PHEV.Dynamic charging is estimated to be the fastest-growing segment of Wireless Charging for Electric Vehicle MarketDynamic charging is estimated to be the fastest-growing segment of Wireless Charging for Electric Vehicle Market.

With benefits such as no waiting time for charging a vehicle, dynamic charging technology has become popular in the electric vehicle industry.

Wireless charging system manufacturer Electreon occupies a 3,000 sqm facility near Tel Aviv with a 260-meter circular test road.

The wireless power transfer technology includes a unique DWPT system (Dynamic Wireless Power Transfer) Road infrastructure - coils placed under the road at the center of the traffic lane.

Reduced price of the battery and improving sales of electric vehicles would also contribute to the growth in this region.The Wireless Charging for Electric Vehicle Market is dominated by globally established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), WiTricity Corporation (US), ZTE Corporation (China), and HELLA KGaA Hueck & Co. (Germany).Browse Related Reports:Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle (PC, CV), Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation, and Region - Global Forecast to 2025Electric Commercial Vehicle Market by Propulsion (BEV, HEV, PHEV, & FCEV), Vehicle Type (Bus, Truck, Pick-Up Truck, and Van), Component, Range, Autonomous Vehicle, Charging Infrastructure, and Region - Global Forecast to 2025About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

The Global Wireless Electric Vehicle Charging Market size is estimated to be USD 30.9 million in 2019 and is predicted to reach USD 213.7 million by 2030 with a CAGR of 19.2% from 2020-2030.Wireless Electric Vehicle Charging is a technology which transfers the energy from the source to the consuming device without cables.

It is one of the recent developed technologies which is gaining popularity and offer various benefits as compared to the traditional method over the period of time.

There has been increased inclination towards the use of electric vehicles and this technology creates safe, reliable and efficient way to charge the vehicle on a daily basis.Access Full Description of this report at:- https://www.nextmsc.com/report/wireless-electric-vehicle-charging-market Top Companies: Continental AG, Qualcomm Inc., Robert Bosch Gmbh, Texas Instruments Inc., Toyota Motor Corporation, Witricity Corporation, Powermat Technologies Ltd, Elix Wireless, Evatran Group Inc, and Toshiba Corporation and others.The global wireless electric vehicle charging market share is analysed on the basis of power source, installation, distribution channel, vehicle type, and geography.

Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.Request sample copy of this report at:- https://www.nextmsc.com/wireless-electric-vehicle-charging-market/request-sample North America denotes a higher adoption of the wireless electric vehicle charging and is anticipated hold the highest market share during the forecast period.

This is attributable to the factors including presence of well-established infrastructure, increased inclination towards hybrid vehicles, and technological advancements.

Asia Pacific is also expected to contribute the overall market growth with rapid growth rate and considerable growth in market share owing to the high fuel prices and maturation of oil wells.

Global Wireless Electric Vehicle Charging Market, by Technology (Magnetic resonance, Inductive charging), by Component (Battery, AC/DC power adapter, Power distribution box), - Forecast 2027Market Synopsis:The wireless electric vehicle charging market is evolving rapidly with the growing sales of Electric Vehicles (EVs).

The market is witnessing significant growth in recent years.

Increasing demand for dynamic electric vehicle charging (DEVC) technology, surging number of long-distance driven by electric vehicles, and growing concern over safety in electric vehicles are some the key driving factors for the growth of this market.According to Market Research Future (MRFR), the size of global wireless electric vehicle charging would increase exponentially by the end of 2027.

Rising prices and scarcity of fossil fuel are presaging that electric vehicles would be best suitable alternative for fossil fuels for the future.

Conversely, the high cost of these chargers and energy loss during transmission are some of the factors impeding the growth of this market.Key Players:Some of the major players in Global Wireless electric vehicle charger Market include ABB (Switzerland), Leviton (U.S.), WiTricity Corporation (U.S), Convenient Power HK Limited (Hong Kong), Siemens (Germany), Delphi Automotive (U.K.), Qualcomm (U.S.), and Bosch Group (Germany) among others.Market Segmentation:The Wireless Electric Vehicle Charger Market report is segmented into eight key market dynamics to widen the scope of understanding,By Charging Type: Dynamic and Stationary Wireless Electric ChargingBy Charging Pad: Base Charging Pad, Power Control Unit, and Vehicle Charging Pad, among others.By Power Supply Range: 3 to <7.7 KW, 7.7 to < 11KW, 11to < 20KW, 20 to < 50 KW, 50 KW, and aboveBy Charging System: Home and Commercial Charging System.By Propulsion Type: Battery and Plug-in Electric Vehicle.By Vehicle Type: Passenger EV and Commercial EV.By Application: OEM and Aftermarket.By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.Regional Insights:The Asia Pacific region dominates the global wireless electric vehicle charging market with the largest share.

Owing to the growing production of electric automobiles from China and Japan, the region is estimated to continue its dominance throughout the review period.

It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the electric vehicle charging stations market include AeroVironment, Inc., ABB, BP Chargemaster, ChargePoint, Inc., ClipperCreek, Inc., Eaton Corp., General Electric Company, Leviton Manufacturing Co., Inc., SemaConnect, Inc., Schneider Electric, Siemens AG.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Electric Vehicle Charging Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/electric-vehicle-charging-stations-market/download-sampleMarket DynamicsThe global electric vehicle charging stations market is projected to witness impressive growth during the forecast period.

Rising electrification of vehicles due to a decline in fossil fuel reserves, significant import debt burden, and increasing carbon footprint is foreseen to amplify market growth.

Growing initiatives by the government and companies to bring more vehicles on the road will spur market growth further.

Governments and companies invest heavily in developing and expanding electric vehicle commercialization to get them all on the road and electric vehicle charging stations.

Wireless Electric Vehicle Charging Market Research Report: Information by Charging Type (Dynamic and Stationary), Power Supply Range (3 to <7.7 KW, 7.7 to < 11KW, 11to < 20KW, 20 to < 50 KW, and 50 KW and above), Charging Pad, Charging System, Propulsion Type, Vehicle Type, Application, Region - Global Forecast till 2023.

Rising prices and scarcity of fossil fuel are presaging that electric vehicles would be best suitable alternative for fossil fuels for the future.Some of the major players:Global Wireless Electric Vehicle Charger Market include ABB (Switzerland)Leviton (U.S.)WiTricity Corporation (U.S)Convenient Power HK Limited (Hong Kong)Siemens (Germany)Delphi Automotive (U.K.)Qualcomm (U.S.)Bosch Group (Germany)Get Free Sample of Forklift Trucks Market @ https://www.marketresearchfuture.com/sample_request/7214Market Segmentation:MRFR's report offers a detailed segmental assessment of the wireless electric vehicle charger market based on technology and component.

By technology, the global wireless electric vehicle charger market has been segmented into inductive charging, conductive charging, dynamic charging, magnetic resonance, and others.By component, the wireless electric vehicle charger market has been segmented into electromagnetic induction, wireless power receiver, rectifies, power distribution box, vehicle receiver unit, ground transmission unit, and battery, and others.Market Research AnalysisIn terms of region, the global market for wireless electric vehicle charging is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Furthermore, the growing disposable income from countries such as China, India and other countries, and increasing population, urbanization, and rising focus to reduce the vehicle emissions.North America is estimated to grow at a steady rate in the wireless electric vehicle charging market during forecast period owing to growing demand for environment friendly vehicles.

Moreover, increased production and sales of electric vehicles is expected to drive the growth in this region.Regional Insights:The global wireless electric vehicle charger market, by region, has been segmented into North America, Europe, Asia Pacific, and Rest of the World.

Furthermore, the presence of key players in the region is poised to influence the growth rate of the market positively.Europe is an important revenue pocket of the wireless electric vehicle charger market.