Press Releases

From USD 7.0 million in 2019, the global wireless electric vehicle charging market is predicted to grow to USD 174.6 million by 2027, registering a CAGR of 60.0% during the forecast period (2021–2027). 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 2020

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 2020. 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 2021–2027, 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 2021–2027, 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 2020. 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 – 2027
Historical Period	2015 – 2020
Base Year	2020
Forecast Period	2021 – 2027
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 – 2027

• Base Charging
• Power Control Unit
• Vehicle Charging Pad

Distribution Channel Insight and Forecast 2015 – 2027

• OEM
• After Market

Application Insight and Forecast 2015 – 2027

• Home Charging Unit
• Public Or Commercial Charging Station

Charging Type Insight and Forecast 2015 – 2027

• Dynamic Wireless Charging System
• Stationary Wireless Charging System

Vehicle Type Insight and Forecast 2015 – 2027

• Commercial Vehicle
• Passenger Car

Charging System Insight and Forecast 2015 – 2027

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

Supply Range Insight and Forecast 2015 – 2027

• 3-<11kW
• 11-50kW
• >50kW

Propulsion Insight and Forecast 2015 – 2027

• 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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