Global Wireless Electric Vehicle Charging Systems Market Size, Share, Growth Analysis, By Type(Static Wireless EV Charging Systems, Dynamic Wireless EV Charging Systems), By Component(Base Pads, Power Control Units), By Technology(Capacitive Wireless EV Charging Systems, Inductive Wireless EV Charging Systems), By Power Supply(Less than 11 kW, More than 50 kW), By Propulsion Type(Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles), By Application(Commercial Wireless EV Charging Systems, Residential Wireless EV Charging Systems), By End User(Light Commercial Vehicles, Heavy Commercial Vehicles) - Industry Forecast 2022-2028

Global Wireless Electric Vehicle Charging Systems Market is segmented based on the Type, Component, Technology, Power Supply, Propulsion type, Application, End Use, and region. Based on Type, the market is segmented Static Wireless EV Charging Systems and Dynamic Wireless EV Charging Systems. Based on Component, the market is segmented into Base Pads, Power Control Units, Vehicle Pads, and Battery Management Systems. Based on Technology, the market is categorized into Capacitive Wireless EV Charging Systems, Inductive Wireless EV Charging Systems, Permanent Magnet Gear Wireless EV Charging Systems, and Resonant Inductive Wireless EV Charging Systems. Based on Power Supply, the market is segmented into Less than 11 kW, More than 50 kW, and 11 kW to 50 kW. Based on Propulsion Type, the market is segmented into Battery Electric Vehicles and Plug-in Hybrid Electric Vehicles. Based on Application, the market is segmented into Commercial Wireless EV Charging Systems and Residential Wireless EV Charging Systems. Based on End Use, the market is segmented into Light Commercial Vehicles, Heavy Commercial Vehicles, Passenger Vehicles, and Mopeds & Scooters. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.

Analysis by Type

During the projection period, the static wireless EV charging systems sector is expected to develop at the fastest CAGR. The large number of pilot projects undertaken by leading automotive OEMs for integrating static wireless EV chargers in their electric vehicles, as well as the increasing adoption of static wireless EV chargers by leading shared mobility and taxi fleet operators worldwide for fleet charging applications, are factors contributing to the growth of the segment.

Considering a future in which you never have to stop to charge the battery of your own automobile, cab, truck, or bus. Instead, power generated by neighbouring wind and solar resources is wirelessly transmitted to the vehicle while it is in motion from the roadway. Dynamic Wireless EV Charging Systems is expected to grow during the forecasted period. The technology might be used in a variety of applications to aid with the transition to zero-emission mobility. Trucks and buses, for example, may recharge their batteries during long-distance work cycles rather of going to a specified charge station location. It also benefits the electricity grid by charging vehicles during their trips rather than plugging in at high power consumption periods such as early evening when people return home from work.

Analysis by Application

During the projection period, the commercial wireless EV charging systems sector is expected to grow at the fastest rate. The high growth of the segment can be attributed to the increasing need to develop charging infrastructure in public places, high proliferation of commercial wireless EV charging systems as middle-class and lower-middle-class populations in Europe are increasingly purchasing electric vehicles without having the option to charge them at home, and high demand for commercial wireless EV charging systems in China due to the presence of large commercial garage parking spaces and the availability of large commercial garage parking spaces.

Global Wireless Electric Vehicle Charging Systems Market is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).

The region's growing reliance on electric vehicles, application of numerous pilot programs for wireless EV charging technology all over Europe, and public programs to test the feasibility of wireless charging technology for electric vehicles have all contributed to the spread of wireless EV charging systems in Europe. Electric mobility stakeholders throughout Europe are launching new initiatives to build a sustainable road transportation infrastructure that can charge electric vehicles while they are in motion, eliminating range anxiety.

Asia Pacific is expected to be one of the most profitable regions in terms of revenue. This increase can be attributed to electric car manufacturers' adoption of high-end technological items and government actions to promote charging infrastructure. Furthermore, advancements in driving technology, increased EV usage, and increased automotive manufacturing are likely to boost product demand in North America.

Driver

• Increasing popularity of electric vehicles due to their efficiency and environmental friendliness has fueled the need for fast-charging infrastructure in recent years. Electric cars are projected to be used for both city commuting and long-distance travel. However, most EVs in the market do not have a range of more than 100 miles, necessitating the use of fast-charging technologies to provide smooth, uninterrupted driving. Wireless charging, which may offer up to 11 kilowatts of power equal to level-2 chargers, is a viable answer for the expanding and rapidly changing charging requirements. Many wireless technology firms, including WiTricity Corporation, Momentum Wireless Power, and Wave Inc., are investing heavily in research and development of fast-charging wireless power transmission technologies for electric cars.

Restraint

• For power transmission using a power control unit, wireless charging technology for electric cars requires transmitter and receiver coils (PCU). The transmitter coil is located in the base charging pad (BCP), whereas the receiver coil is located beneath the vehicle charging pad (VCP). The cost of aftermarket wireless charging system for residential installation is around USD 2,500-3,000. The use of wireless charging technology in an electric vehicle raises the vehicle's price. As a result, wireless electric car charging becomes more expensive. Wireless charging technology will become more affordable as demand grows and electric vehicles become more widely available.

To increase their market position, the companies are always focusing on partnerships, acquisitions, new product development and launches, and growth plans. Furthermore, Tesla is a market leader in this sector. The firm provides pure electric vehicles outfitted with cutting-edge technologies such as ADAS, telematics, internet and cloud connectivity, and others. Tesla is expected to maintain its supremacy during the projection period, owing to its increased presence in new regions, growing popularity, and technical improvement.

Top Player's Company Profiles

• WiTricity Corporation (U.S.)
• Plugless Power Inc. (U.S.)
• Momentum Wireless Power (U.S.)
• Groupe Delachaux (France)
• ELIX Wireless (North America)
• Mojo Mobility, Inc. (U.S.)
• HEVO Inc. (U.S.)
• TGood Global Ltd. (Hong Kong)
• Continental AG (Germany)
• Toshiba Corporation (Japan)
• ZTE Corporation (China)
• INTIS GmbH (Germany)
• WAVE Inc. (U.S.)
• Daihen Corporation (Japan)
• Electreon Inc. (Israel)
• Tesla

Recent Developments

• In October 2022, Wireless charging to pull the plug on charging stations, finds IDTechEx.
• In October 2022, Lumen Freedom launched Aussie-developed wireless electric taxi charger trial in UK last week of an Australian-developed wireless EV charging system with electricity delivered to a vehicle over the air (OTA).

• In many nations, government assistance and incentives for electric vehicles now include the development of wireless charging. The primary benefits of wireless charging are full autonomy, no need for a charging station, a lower risk of an electric shock to the driver during wired charging, and smaller battery components. Full autonomy increases the general public's productive hours because they do not have to wait for the car to charge. This increase in productive hours also contributes to a country's GDP growth. Another important factor that supports the installation of wireless charging in urban locations where space is limited is the lack of a charging station for dynamic charging.
• In 2021, Sweden successfully tested a wireless charging road to modernise transportation operations and accelerate the transition to electric mobility. An Israeli company, ElectReon, just finished installing a dynamic wireless charging system on a 1.65-kilometer public road in Gotland, Sweden. A completely electric vehicle was charged on this smart road. Michigan, the US state, has also committed to build the world's first wireless charging road infrastructure in Detroit. ElectReon will deploy dynamic charging technology in Detroit to charge battery-powered cars and trucks in real time. The project is scheduled to be finished in 2023.

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Wireless Electric Vehicle Charging Systems Market analysis, Electric vehicle (EV) charging infrastructure is in great demand. The use of wireless charging technology in an electric automobile raises the vehicle's price. As a result, wireless electric car charging is more expensive. The static wireless EV charging systems market is expected to expand at the fastest CAGR. Consider the potential of never having to stop to charge your own vehicle, cab, truck, or bus battery. Throughout the projected period, the Dynamic Wireless EV Charging Systems segment is expected to grow at a significant CAGR. Commercial wireless EV charging systems are expected to be the most advanced. The region's growing reliance on electric vehicles, as seen by the rollout of different pilot projects for wireless EV charging systems around Europe.