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Wireless Electric Vehicle Charging Market

Global Wireless Electric Vehicle Charging Market Size, Share: By Power Source: 3≤11 KW, 11-50 KW, >50 KW; By Charging Method: Capacitive Wireless Power Transfer, Magnetic Gear Wireless Power Transfer, Others; By Installation; By Distribution Channel; By Vehicle type; Regional Analysis; Competitive Landscape; 2024-2032

Global Wireless Electric Vehicle Charging Market Outlook

The global wireless electric vehicle charging market stood at a value of around USD 23.92 million in 2023. The market is further expected to grow at a CAGR of 36.38% in the forecast period of 2024-2032 to attain a value of USD 390.57 million by 2032.       

 

Global Wireless Electric Vehicle Charging Market

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Increasing Preference for Resonant Inductive Power Transfer Method to Account for a Considerable Market Share of the Global Wireless Electric Vehicle Charging Industry

Based on charging method, the resonant inductive power transfer segment is predicted to hold a considerable market share in the wireless electric vehicle charging industry. This growth can be attributed to the increased implementation of resonant inductive power transfer mechanism owing to its high-quality transfer of power at a high rate through the use of resonance. In addition, the power can be transferred over a long distance through this mechanism, which is expected to further aid the segment growth.

 

The Asia Pacific to Occupy a Significant Market Share in the Global Wireless Electric Vehicle Charging Industry

The Asia Pacific is estimated to hold a significant share of the wireless electric vehicle charging industry in the forecast period. This growth can be attributed to the heightened demand for electric vehicles in the region, especially in China, as a consequence of increasing pollution levels. In addition, the steadily increasing global population and the rising disposable incomes are also predicted to propel the market growth. Furthermore, the development of environment-oriented policies put forth to mitigate the carbon emissions in the region is also estimated to aid the market growth.

 

Wireless Electric Vehicle Charging: Market Segmentation

Wireless electric vehicle charging is an emerging phenomenon, wherein individuals can charge their EVs without the need of wired cables. Wireless charging allows for automatic charging that can be done by parking the car on a commercial charging spot, which can also be home installed. In addition, the increasing technological advancements are leading to the development of on-the-go charging systems. The major advantages of this technology include reduced infrastructure costs, high speed charging, low maintenance costs, and no electromagnetic emissions, among others.

 

Global Wireless Electric Vehicle Charging Market by Segment

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By power source, the market is divided into:

  • 3≤11 KW
  • 11-50 KW
  • >50 KW

On the basis of charging method, the market can be segmented into:

  • Capacitive Wireless Power Transfer
  • Magnetic Gear Wireless Power Transfer
  • Resonant Inductive Power Transfer
  • Inductive Power Transfer

Based on installation, the industry can be bifurcated into:

  • Home
  • Commercial

On the basis of distribution channel, the market can be distributed into:

  • OEMs 
  • Aftermarket

Based on vehicle type, the market can be categorised into:

  • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Commercial EV

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Wireless Electric Vehicle Charging Market by Region

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Increased Pollution Worldwide to Drive the Global Wireless Electric Vehicle Charging Industry

According to the World Bank, pollution is the number one cause of disease and premature death, with 9 million deaths yearly caused as a direct result of air, water, and land pollution. As a result, governments are strategising policies to mitigate pollution levels and global carbon emissions in order to counter the issues of global warming. This is leading to innovations such as the development of electric vehicles that utilise sustainable and renewable energy such as electricity, which serves as an alternative to the usage of conventional crude oil and fuels. This is estimated to spearhead the demand for electric vehicles worldwide. Moreover, the rapid investments in the R&D of electric vehicle charging mechanisms and the development of wireless charging outlets are also predicted to observe an increased demand in the coming years. Furthermore, the rapid technological advancements are also expected to aid the industry growth. These factors are estimated to positively impact the market growth in the forecast period.

 

Key Industry Players in the Global Wireless Electric Vehicle Charging Market

The report gives a detailed analysis of the following key players in the global wireless electric vehicle charging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Bombardier Inc.
  • Continental AG
  • Plugless Power Inc
  • Fulton Innovation LLC
  • Qualcomm Technologies, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Power Source 
  • Charging Method
  • Installation
  • Distribution Channel
  • Vehicle type
  • Region
Breakup by Power Source 
  • 3≤11 KW
  • 11-50 KW
  • >50 KW
Breakup by Charging Method
  • Capacitive Wireless Power Transfer
  • Magnetic Gear Wireless Power Transfer
  • Resonant Inductive Power Transfer
  • Inductive Power Transfer
Breakup by Installation
  • Home 
  • Commercial
Breakup by Distribution Channel
  • OEMs  
  • Aftermarket
Breakup by Vehicle type
  • Battery Electric Vehicle 
  • Plug-in Hybrid Electric Vehicle
  • Commercial EV
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bombardier Inc.
  • Continental AG
  • Plugless Power Inc
  • Fulton Innovation LLC
  • Qualcomm Technologies, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global 
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Wireless Electric Vehicle Charging Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Wireless Electric Vehicle Charging Historical Market (2018-2023) 
    8.3    Global Wireless Electric Vehicle Charging Market Forecast (2024-2032)
    8.4    Global Wireless Electric Vehicle Charging Market by Power Source 
        8.4.1    3≤11 KW
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    11-50 KW
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    >50 KW
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Wireless Electric Vehicle Charging Market by Charging Method
        8.5.1    Capacitive Wireless Power Transfer
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Magnetic Gear Wireless Power Transfer
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Resonant Inductive Power Transfer
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Inductive Power Transfer
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
    8.6    Global Wireless Electric Vehicle Charging Market by Installation
        8.6.1    Home 
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Commercial
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Wireless Electric Vehicle Charging Market by Distribution Channel
        8.7.1    OEMs  
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Aftermarket
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Wireless Electric Vehicle Charging Market by Vehicle type
        8.8.1    Battery Electric Vehicle 
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Plug-in Hybrid Electric Vehicle
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Commercial EV
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
    8.9    Global Wireless Electric Vehicle Charging Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023) 
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023) 
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023) 
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023) 
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023) 
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Wireless Electric Vehicle Charging Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Wireless Electric Vehicle Charging Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific  Wireless Electric Vehicle Charging Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Wireless Electric Vehicle Charging Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Wireless Electric Vehicle Charging Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Bombardier Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Continental AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Plugless Power Inc
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Fulton Innovation LLC
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Qualcomm Technologies, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Wireless Electric Vehicle Charging Market: Key Industry Highlights, 2018 and 2032
2.    Global Wireless Electric Vehicle Charging Historical Market: Breakup by Power source (USD Million), 2018-2023
3.    Global Wireless Electric Vehicle Charging Market Forecast: Breakup by Power Source (USD Million), 2024-2032
4.    Global Wireless Electric Vehicle Charging Historical Market: Breakup by Charging Method (USD Million), 2018-2023
5.    Global Wireless Electric Vehicle Charging Market Forecast: Breakup by Charging Method (USD Million), 2024-2032
6.    Global Wireless Electric Vehicle Charging Historical Market: Breakup by Installation (USD Million), 2018-2023
7.    Global Wireless Electric Vehicle Charging Market Forecast: Breakup by Installation (USD Million), 2024-2032
8.    Global Wireless Electric Vehicle Charging Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9.    Global Wireless Electric Vehicle Charging Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10.    Global Wireless Electric Vehicle Charging Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
11.    Global Wireless Electric Vehicle Charging Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
12.    Global Wireless Electric Vehicle Charging Historical Market: Breakup by Region (USD Million), 2018-2023
13.    Global Wireless Electric Vehicle Charging Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    North America Wireless Electric Vehicle Charging Historical Market: Breakup by Country (USD Million), 2018-2023
15.    North America Wireless Electric Vehicle Charging Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Europe Wireless Electric Vehicle Charging Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Wireless Electric Vehicle Charging Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Asia Pacific Wireless Electric Vehicle Charging Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Asia Pacific Wireless Electric Vehicle Charging Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Latin America Wireless Electric Vehicle Charging Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Latin America Wireless Electric Vehicle Charging Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Middle East and Africa Wireless Electric Vehicle Charging Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Middle East and Africa Wireless Electric Vehicle Charging Market Forecast: Breakup by Country (USD Million), 2024-2032
24.    Global Wireless Electric Vehicle Charging Market Structure

Key Questions Answered in the Report

In 2023, the global wireless electric vehicle charging market attained a value of nearly USD 23.92 million.

The market is projected to grow at a CAGR of 36.38% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 390.57 million by 2032.       

The major market drivers are the increasing demand for electric vehicles, the surging development of wireless electric vehicle charging outlets, and growing investments in R&D activities by key players.

The key trends propelling the market growth include rapid technological advancements and favourable government regulations aimed at promoting electric vehicle sales.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major power sources considered in the market report include 3≤11 KW, 11-50 KW, and >50 KW.

The significant charging methods considered in the market report are capacitive wireless power transfer, magnetic gear wireless power transfer, resonant inductive power transfer, and inductive power transfer.

The various segments based on installations of wireless electric vehicle charging considered in the market report are home and commercial.

The major distribution channels include OEMs and aftermarket.

The significant segments based on vehicle types considered in the market report are battery electric vehicle, plug-in hybrid electric vehicles, and commercial EV.

The major players in the market are Bombardier Inc., Continental AG, Plugless Power Inc, Fulton Innovation LLC, and Qualcomm Technologies, Inc., among others.

Analyst Review

The global wireless electric vehicle charging market attained a value of USD 23.92 million in 2023, driven by the increased adoption of electric vehicles. Aided by the favourable government regulations, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 36.38%. The market is projected to reach USD 390.57 million by 2032.       

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of power source, the market can be distributed into 3≤11 KW, 11-50 KW, and >50 KW. By charging method, the industry can be segmented into capacitive wireless power transfer, magnetic gear wireless power transfer, resonant inductive power transfer, and inductive power transfer. On the basis of vehicle type, the industry can be segregated into home and commercial. The industry can be categorised based on distribution channel into OEMs and aftermarket. Based on installation, the market can be divided into battery electric vehicle, plug-in hybrid electric vehicle, and commercial EV. The major regional markets for wireless electric vehicle charging are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bombardier Inc., Continental AG, Plugless Power Inc, Fulton Innovation LLC, Qualcomm Technologies, Inc., and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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