Global Wireless Electric Vehicle Charging Market Size, Share, Growth Analysis, By Installation(Residential and Commercial), By Distribution Channels(OEMS and Aftermarket) - Industry Forecast 2024-2031

Global Wireless Electric Vehicle Charging Market size was valued at USD 19.68 Million in 2022 and is poised to grow from USD 27 Million in 2023 to USD 339.23 Million by 2031, at a CAGR of 37.21% during the forecast period (2024-2031).

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)'

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.

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.

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.