What is the global market size of Wireless Electric Vehicle Charging Market?

Global Wireless Electric Vehicle Charging Market size was valued at USD 14.34 million in 2021 and is poised to grow from USD 19.68 million in 2022 to USD 180.15 million by 2030, at a CAGR of 37.21% during the forecast period (2023-2030).

Who are the key vendors in the Global Wireless Electric Vehicle Charging Market?

Details about each company are provided in the wireless electric vehicle (EV) charging market competitive landscape. Included information includes a description of the business, financials, revenue, market potential, investments in R&D, new market initiatives, geographical presence, corporate strengths and weaknesses, product launch, and application domination. The information above only relates to the companies' market focus on wireless electric vehicle (EV) charging. 'Qualcomm Inc. (United States)', 'WiTricity Corporation (United States)', 'Powermat Technologies Ltd. (Israel)', 'Plugless Power Inc. (United States)', 'Continental AG (Germany)', 'Robert Bosch GmbH (Germany)', 'Toshiba Corporation (Japan)', 'Evatran Group Inc. (United States)', 'Hella KGaA Hueck & Co. (Germany)', 'Mojo Mobility Inc. (United States)', 'BMW AG (Germany)', 'Nissan Motor Co., Ltd. (Japan)', 'Hyundai Motor Company (South Korea)', 'Honda Motor Co., Ltd. (Japan)', 'Toyota Motor Corporation (Japan)', 'Mercedes-Benz (Germany)', 'Siemens AG (Germany)', 'Evgo Services LLC (United States)', 'ChargePoint Inc. (United States)', 'ABB Ltd. (Switzerland)', 'Delta Electronics Inc. (Taiwan)', 'Efacec (Portugal)'.

What is the key driver of Global Wireless Electric Vehicle Charging Market?

Due to its many advantages, such as their lower fuel (petrol, diesel, and gas) consumption and lower exhaust emissions, EV demand has significantly expanded globally. The demand for wireless charging for electric or plug-in hybrid vehicles is therefore expected to rise during the projected period. Important players in the wireless electric vehicle market are also putting various strategic plans into practice to boost their economic potential, including product development and collaboration. In addition, a lot of EV manufacturers incorporate wireless charging technology into their devices. The charging system of the vehicle is connected to this device across a distance of eight centimeters using a magnetic field, which can be mounted outside or in a garage.

What is the key market trend for Global Wireless Electric Vehicle Charging Market?

Wireless EV charging is being integrated with smart grid technologies, enabling bidirectional power flow and vehicle-to-grid (V2G) capabilities. This integration allows EVs to not only receive power but also feed surplus energy back into the grid when needed, contributing to grid stability and energy management.

Which region accounted for the largest share in Global Wireless Electric Vehicle Charging Market?

According to accounting, Europe contributed the most to global revenue and is predicted to expand at a CAGR of 35.9%. The UK, Germany, France, Italy, and the rest of Europe are included in the analysis of the Europe market. Due to technological developments in wireless charging devices across the area, Europe is predicted to experience a significant growth rate during the projection period. The demand for fuel-efficient and long-lasting charging solutions for electronic devices like power tools and portable gadgets has increased, which has accelerated development in the Europe 's electronics sector.

Wireless Electric Vehicle (EV) Charging Market Worldwide

Wireless Electric Vehicle (EV) Charging Market Regional Insights

Europe is dominating the Global Wireless Electric Vehicle (EV) Charging Market, with USD 26.3 million in 2024 and expected to reach USD 530.0 million by 2032, with an exceptional CAGR of 45.7% due to their commitment to environmental conservation and technology development. Backing from stringent environmental policies and government policies in the region has helped them adopt wireless charging solutions for the EVs. Also, Europe has strong automotive market, high R&D spending and key wireless charging technology players. Germany, the Netherlands, and Norway are the key countries in Europe due to their high EV penetration and numerous innovative infrastructure projects making Europe the leader in this market.

Latin America is the fastest-growing market with a CAGR of 97.6% in the wireless EV market mainly because of people's awareness of eco-friendly transportation and advanced government support for green businesses. Emerging markets such as Brazil, Mexico, and Chile are putting more capital in EV infrastructure, wireless charging technology, among others, in response to environmental and energy efficiency standards. Density and population need to be met with new forms of mobility, and global partnerships and funding contribute to technological progress in the region. Also, Latin America has abundant renewable energy sources, which make it possible to incorporate the wireless EV charging systems into the market swiftly and grow at an accelerated rate.

FAQs

Global Wireless Electric Vehicle (EV) Charging Market size was valued at USD 25.5 Million in 2023 poised to grow from USD 45.3 Million in 2024 to USD 1,183.3 Million by 2032, growing at a CAGR of 55.5% in the forecast period (2025-2032).

The Global Wireless Electric Vehicle (EV) Charging Market is dominated by a concentrated Tier-1 group of players that collectively account for 73.51% of the market share. This tier includes prominent companies such as WiTricity Corporation, Electreon Wireless Ltd., TGOOD (Qingdao TGOOD Electric Co., Ltd.), InductEV, Inc., and Ideanomics, Inc. (WAVE Charging). It is with these market leaders that commercial pilots as well as the actual advancement of the technological platforms are being pursued. Our analysis shows that Tier-1 players have achieved a commanding position by securing partnerships with automakers and municipalities in the supply side and by positioning themselves for demand-side dynamics such as fleet electrification and integration into urban structures. This is why WiTricity Corporation and Electreon Wireless are using IP assets and early market positioning to claim the most promising markets including North America and Europe. 'Witricity Corporation', 'Electreon', 'TGood Global Ltd', 'Inductev Inc', 'Ideanomics, Inc', 'BMW Group', 'Volkswagen Group', 'Continental AG', 'Tesla', 'Toshiba Corporation', 'ENRX', 'Puls Gmbh', 'Easelink Gmbh', 'Meredot IINC', 'HEVO INC', 'INTIS – Integrated Infrastructure Solutions GMBH', 'Plugless Power Inc.', 'WIPOWERONE', 'Zevpoint E-Mobility Private Ltd.', 'Dash Dynamic'

Global Wireless Electric Vehicle (EV) Charging Market is being fueled by government funding in wireless charging infrastructure. Subsidies and grant fund supports advancement in wireless technology and sustainable transportation. Fully autonomous, reduction in bulky structures, and improved safety are perks that suit urban requirements. The dynamic wireless charging enables electric vehicles to get charged on the move and helps in optimizing spaces in overly crowded cities.

Increasing Investments in High-Capacity Wireless Charging Solutions: There is an increase in investment from manufacturers in high-capacity wireless charging technologies to provide faster and powerful EV charging. This change aims to improve charging infrastructure for both personal and commercial use. A new discovery from Oak Ridge National Laboratory and Volkswagen includes a 270-kW system, which means reducing downtime and supporting heavy use applications like fleets and public transportation, all of which will contribute towards increasing EV adoption.