From USD 7.0 million in 2019, the global wireless electric vehicle charging market is predicted to grow to USD 172.6 million by 2025, registering a CAGR of 59.9% during the forecast period (2020–2025)

Published Date: May, 2020

From USD 7.0 million in 2019, the global wireless electric vehicle charging market is predicted to grow to USD 172.6 million by 2025, registering a CAGR of 59.9% during the forecast period (2020–2025). Increasing pollution in the air in overcrowded cities leads to growing respiratory issues in the residents of such cities. These situations have led the government to provide subsidies to pollution depleting initiatives such as development of electric vehicles that is further driving the growth of global wireless electric vehicle charging markets. Furthermore, the leading companies in the battery manufacturing industry are showing great interest in investing towards wireless charging systems as electric vehicles are expected to gain huge momentum in the near future.  

The BEV category, under the propulsion segment, would hold the largest share in the global wireless electric vehicle charging market in 2019

On the basis of propulsion, the global wireless electric vehicle charging market is segmented into BEV and PHEV. The BEV category, under the propulsion segment, would hold the largest share in the global wireless electric vehicle charging market in 2019. This is because of the leading players such as BMW, Nissan and Tesla are offering wireless charging in BEV models such as BMW i3 and Nissan Leaf.

During 2020–2025, the vehicle charging pod segment is expected to witness the fastest wireless electric vehicle charging market growth

Based on component, the global wireless electric vehicle charging market is categorized into base charging, power control unit, vehicle charging pad. During 2020–2025, the vehicle charging pod segment is expected to witness the fastest wireless electric vehicle charging market growth, as these pods helps in providing charging units for electric vehicles may be home, business or public use that offers high ease, flexibility and convenience to the users.

Global Wireless Electric Vehicle Charging Market Segmentation Analysis

Segment

Categorization

Leading Category

Component

Base Charging, Power Control Unit, Vehicle Charging Pad

Vehicle Charging Pad (Faster)

Application

Home Charging Unit, Public or Commercial Charging Station

Public or Commercial Charging Station (Faster)

Charging Type

Dynamic Wireless Charging System, Stationary Wireless Charging System

Stationary Wireless Charging System (Larger)

Dynamic Wireless Charging System (Faster)

Vehicle Type

Commercial Vehicle, Passenger Car

Commercial Vehicle (Faster)

Propulsion

BEV, PHEV

BEV (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Europe (Largest)

Asia-Pacific (Fastest)

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Geography Insight

Geographically, Europe was the largest wireless electric vehicle charging market in 2019. This is owing to the accessibility to well organized infrastructure that enhances the establishment of wireless charging infrastructure in this region. Development of effective infrastructure with access to large number of charging stations along with massive increase in the sale of electric vehicles in the region are the key factors driving the growth of global wireless electric vehicle charging market.

Competitive Insight

Some of the key players operating in the global wireless electric vehicle charging market are HEVO Inc., Integrated Device Technology, Inc., WiTricity Corporation, Robert Bosch GmbH, Toyota Motor Corporation, Daimler AG, Qualcomm Technologies, Continental AG, HELLA KGaA Hueck & Co., Mojo Mobility, and ZTE Corporation.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015 – 2025

Historical Period

2015 – 2019

Base Year

2019

Forecast Period

2020 – 2025

Segments Covered in the Study

Component, Distribution Channel, Application, Charging Type, Vehicle Type, Charging System, Supply Range, Propulsion, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Russia, Denmark, Netherlands, Sweden, Austria, Spain, Norway), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa)

Companies Covered in the Study

HEVO Inc., Integrated Device Technology, Inc., WiTricity Corporation, Robert Bosch GmbH, Toyota Motor Corporation, Daimler AG, Qualcomm Technologies, Continental AG, HELLA KGaA Hueck & Co., Mojo Mobility, and ZTE Corporation

Global Wireless Electric Vehicle Charging Market Coverage

Component Insight and Forecast 2015 – 2025

  • Base Charging
  • Power Control Unit
  • Vehicle Charging Pad

Distribution Channel Insight and Forecast 2015 – 2025

  • OEM
  • After Market

Application Insight and Forecast 2015 – 2025

  • Home Charging Unit
  • Public Or Commercial Charging Station

Charging Type Insight and Forecast 2015 – 2025

  • Dynamic Wireless Charging System
  • Stationary Wireless Charging System

Vehicle Type Insight and Forecast 2015 – 2025

  • Commercial Vehicle
  • Passenger Car

Charging System Insight and Forecast 2015 – 2025

  • Magnetic Power Transfer
  • Capacitive Power Transfer
  • Inductive Power Transfer

Supply Range Insight and Forecast 2015 – 2025

  • 3-<11kW
  • 11-50kW
  • >50kW

Propulsion Insight and Forecast 2015 – 2025

  • BEV
  • PHEV

Geographical Segmentation

Wireless Electric Vehicle Charging Market by Region

North America

  • By Component
  • By Distribution Channel
  • By Application
  • By Vertical
  • By Charging Type
  • By Vehicle Type
  • By Supply Range
  • By Propulsion
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Distribution Channel
  • By Application
  • By Vertical
  • By Charging Type
  • By Vehicle Type
  • By Supply Range
  • By Propulsion
  • By Country – Germany, U.K., France, Russia, Denmark, Netherlands, Sweden, Austria, Spain, Norway, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Distribution Channel
  • By Application
  • By Vertical
  • By Charging Type
  • By Vehicle Type
  • By Supply Range
  • By Propulsion
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Distribution Channel
  • By Application
  • By Vertical
  • By Charging Type
  • By Vehicle Type
  • By Supply Range
  • By Propulsion
  • By Country – Brazil, Saudi Arabia, South Africa, and Other Countries

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Our Industry
From USD 7.0 million in 2019, the global wireless electric vehicle charging market is predicted to grow to USD 172.6 million by 2025, registering a CAGR of 59.9% during the forecast period (2020–2025)