Alternative Dispute Services Market
Alternative Dispute Services Market Analysis Report by Service Type (Arbitration, Mediation, Negotiation), Mode of Delivery (Face-to-Face, Online/Virtual), Industry – Global Forecast 2025 To 2033
Wireless Electric Vehicle Charging Market size was valued at USD 74.80 Million in 2023 and is projected to reach USD 1254.36 Million by 2030, growing at a CAGR of 49.6% from 2023 to 2030.
In an effort to cut emissions from tailpipes, OEMs and governments place a strong emphasis on the use of electric vehicles. The demand for charging stations is anticipated to rise dramatically in the near future as electric vehicle usage rises. The on-the-go wireless electric vehicle chargers can meet the demand and offer range extension since the plug-in charging stations require longer charging times. The market for wireless electric vehicle charging is expanding because it has many applications for both personal vehicles and commercial fleets.
The market for wireless electric car charging is based on the transmission of energy without the use of wires or cables from a power source to a consumer device. Electric vehicle power and charging is made possible by a dependable, practical, and secure technology. By doing away with physical connectors and cords, it also offers advantages over conventional charging systems that are effective, affordable, and safe. The market size for wireless electric vehicle charging is anticipated to grow along with the trend and attention toward autonomous ride-sharing, making it the most practical choice for OEMs or autonomous fleet operators. The market for wireless EV charging is expected to grow as OEM use increases.
Furthermore, wireless charging for electric vehicles utilizes energy transmission without wires or cables, employing efficient and cost-effective magnetic induction. The increasing adoption of wireless charging for electric vehicles, driven by its benefits such as emission reduction, high efficiency, low maintenance, rising fuel and oil costs, infrastructure development, and increased research and development by the automotive industry, is boosting the market and its revenue share.
Key Market Challenges
Key Market Opportunities
The market has increased significantly due to a growing population, rising market demands, and better-developed technologies. The rapid adoption of newly developed innovative technologies with increased benefits from wireless electric vehicle charging, including simplicity of use, absence of carbon dioxide emissions and improvement of the global environment, higher efficiency, low maintenance requirements, and reduced shock effects. Through the transfer of electricity from one magnetic coil to another coil, the vehicle’s battery gets charged. Electric car wireless charging uses batteries that are the same size and weight as those used in practical vehicles. These two factors together account for a significant drop in the price of electric automobiles.
They can charge the automobile wherever they have parked it with the wireless charging an electric vehicle, which charges more quickly. Growing demand and more consumer knowledge have allowed the market to expand to a greater degree. Market participants play a significant role in new inventions across regions, and ongoing research and development have helped to improve wireless electric vehicle charging with high market demand. However, the market’s expansion is anticipated to be constrained by the pricey technology required for its integration and slower charging compared to other charging technologies.
The wireless electric vehicle charging market is segmented by power supply into three categories: <11 KW, 11 – 50 KW, and >50 KW. The 3 – 11 KW power supply category is experiencing the fastest growth in electric power supply. It is primarily used for small and medium-sized batteries and is the most rapidly expanding segment for household and workplace charging.
Segmentation based on application comprises home charging units and commercial charging stations. Commercial charging stations are growing at a remarkable CAGR of 45%, driven by increased developments, technologies, well-developed infrastructures, and rising demand in various locations.
The Wireless Electric Vehicle Charging market is studied across North America, Europe, Asia Pacific, Latin America and the Middle East and Africa
When it comes to the adoption of electric vehicles, Europe is the world leader. Half of the passenger cars sold in Europe are anticipated to be electrified by 2030. The primary reason for promoting the adoption of electric vehicles in Europe is the strict CO2 emission requirements for the automobile industry set forth by the European Union. Governments all around Europe are putting more wireless EV charging infrastructure into place for commercial transportation. For example, Norway was the first nation to install wireless charging systems for electric taxis operating in the city of Oslo in 2018. This eliminated the need to locate chargers and plug in to charge.
Key Players
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), and Electreon Inc. (Israel).
Recent Development:
By Charging Type
By Components
By Power Supply
By Application
By Charging System
By Geography
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), and Electreon Inc. (Israel).
By Charging Type
By Components
By Power Supply
By Application
By Charging System
By Geography
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