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Wireless Electric Vehicle Charging Market by Power Source, Charging Method, Installation, Distribution Channel and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118719
  • Report
  • July 2020
  • Region: Global
  • 308 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Continental AG
  • Elix Wireless
  • Powermat Technologies Ltd
  • Qualcomm Inc.
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • MORE
Wireless power transmission involves the transfer of electrical power from transmitter to receiver without any wired connection. Introduction of smart charging mats and newly launched ground pads specifically for electric vehicles increases the demand for wireless charging systems globally.

Increase in sales of electric vehicles (EVs), constant advancements in portable electronics as well as wearables, and frequent need for harvesting ambient RF energy are expected to drive the growth of the global wireless electric vehicle charging market during the forecast period. However, expensive technology for its integration and slower charging as compared to other charging technologies hamper market growth.

The market segmentation is based on power source, charging methods, installation, distribution channel, vehicle type, and region. The power source segment is further divided as 3–< 11 kW, 11–50 kW, and >50 kW based on the power output requirement for wireless charging. Based on charging methods, the market is segmented into capacitive wireless power transfer (CWPT), magnetic gear wireless power transfer (MGWPT), resonant inductive power transfer (RIPT), and inductive power transfer (IPT). Home and commercial installation types are covered on the basis of installation. Depending on the distribution channel, the market is bifurcated into OEMs and aftermarket. The vehicle type segment is further divided into battery electric vehicles (BEV), plug-in hybrid electric vehicle (PHEV), and commercial electric vehicles.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Bombardier, Continental AG, Evatran Group Inc. (plug less power), Fulton Innovation, Integrated Device Technology, Inc., Powermat Technologies Ltd, Qualcomm Inc., Robert Bosch GmbH, Texas Instruments Inc., Toyota Motor Corporation, and Witricity Corporation.

KEY BENEFITS FOR STAKEHOLDERS
  • This study comprises analytical depiction of the Wireless EV charging market with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2019 to 2030to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

By Power Source
  • 3–< 11 kW
  • 11–50 kW
  • >50 kW
By Charging Method
  • CWPT
  • MGWPT
  • RIPT
  • IPT
By Installation
  • Home
  • Commercial
By Distribution Channel
  • OEMs
  • Aftermarket
By Vehicle Type
  • BEV
  • PHEV
  • Commercial EV
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Netherlands
  • Norway
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific- LAMEA
  • Latin America
  • Middle East
  • Africa
KEY MARKET PLAYERS
  • Bombardier
  • Continental AG
  • Evatran Group Inc. (plug less power)
  • Fulton Innovation
  • Integrated Device Technology, Inc.
  • Powermat Technologies Ltd
  • Qualcomm Inc.
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • Toyota Motor Corporation
  • Witricity Corporation
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Continental AG
  • Elix Wireless
  • Powermat Technologies Ltd
  • Qualcomm Inc.
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • MORE
Chapter 1. Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2. Executive Summary
2.1. CXO Perspective

Chapter 3. Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’s Five Forces Analysis
3.4. Key Player Positioning, 2019
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase in Sales of Electric Vehicles (Evs)
3.5.1.2. Increase in Demand for Energy-Efficient Sources as An Alternative to Fuel
3.5.2. Restraint
3.5.2.1. Expensive Integration of Technology and Slower Charging
3.5.3. Opportunities
3.5.3.1. Excessive Research in Far-Field Wireless Charging Technologies
3.5.3.2. Technological Advancements and Adoption of Smart Marketing Strategy

Chapter 4. Global Wireless Ev Charging Market, by Power Source
4.1. Overview
4.2.3≤11 Kw
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3.11–50 Kw
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4.>50 Kw
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country

Chapter 5. Global Wireless Ev Charging Market, by Charging Method
5.1. Overview
5.2. Capacitive Wireless Power Transfer (Cwpt)
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Magnetic Gear Wireless Power Transfer (Mgwpt)
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
5.4. Resonant Inductive Power Transfer (Ript)
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Country
5.5. Inductive Power Transfer (Ipt)
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis, by Country

Chapter 6. Global Wireless Ev Charging Market, by Installation
6.1. Overview
6.2. Home
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Country
6.3. Commercial
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis, by Country

Chapter 7. Global Wireless Ev Charging Market, by Distribution Channel
7.1. Overview
7.2. Oems
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Analysis, by Country
7.3. Aftermarket
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Analysis, by Country

Chapter 8. Global Wireless Ev Charging Market, by Vehicle Type
8.1. Overview
8.2. Battery Electric Vehicle (Bev)
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Region
8.2.3. Market Analysis, by Country
8.3. Plug-In Hybrid Electric Vehicle (Phev)
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Region
8.3.3. Market Analysis, by Country
8.4. Commercial Ev
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast, by Region
8.4.3. Market Analysis, by Country

Chapter 9. Global Wireless Ev Charging Market, by Region
9.1. Overview
9.2. North America
9.2.1. Key Market Trends, Growth Factors, and Opportunities
9.2.2. Market Size and Forecast, by Power Source
9.2.3. Market Size and Forecast, by Charging Method
9.2.4. Market Size and Forecast, by Installation
9.2.5. Market Size and Forecast, by Distribution Channel
9.2.6. Market Size and Forecast, by Vehicle Type
9.2.7. Market Analysis, by Country
9.2.7.1. U.S.
9.2.7.1.1. Market Size and Forecast, by Power Source
9.2.7.1.2. Market Size and Forecast, by Charging Method
9.2.7.1.3. Market Size and Forecast, by Installation
9.2.7.1.4. Market Size and Forecast, by Distribution Channel
9.2.7.1.5. Market Size and Forecast, by Vehicle Type
9.2.7.2. Canada
9.2.7.2.1. Market Size and Forecast, by Power Source
9.2.7.2.2. Market Size and Forecast, by Charging Method
9.2.7.2.3. Market Size and Forecast, by Installation
9.2.7.2.4. Market Size and Forecast, by Distribution Channel
9.2.7.2.5. Market Size and Forecast, by Vehicle Type
9.2.7.3. Mexico
9.2.7.3.1. Market Size and Forecast, by Power Source
9.2.7.3.2. Market Size and Forecast, by Charging Method
9.2.7.3.3. Market Size and Forecast, by Installation
9.2.7.3.4. Market Size and Forecast, by Distribution Channel
9.2.7.3.5. Market Size and Forecast, by Vehicle Type
9.3. Europe
9.3.1. Key Market Trends, Growth Factors, and Opportunities
9.3.2. Market Size and Forecast, by Power Source
9.3.3. Market Size and Forecast, by Charging Method
9.3.4. Market Size and Forecast, by Installation
9.3.5. Market Size and Forecast, by Distribution Channel
9.3.6. Market Size and Forecast, by Vehicle Type
9.3.7. Market Analysis, by Country
9.3.7.1. UK
9.3.7.1.1. Market Size and Forecast, by Power Source
9.3.7.1.2. Market Size and Forecast, by Charging Method
9.3.7.1.3. Market Size and Forecast, by Installation
9.3.7.1.4. Market Size and Forecast, by Distribution Channel
9.3.7.1.5. Market Size and Forecast, by Vehicle Type
9.3.7.2. Germany
9.3.7.2.1. Market Size and Forecast, by Power Source
9.3.7.2.2. Market Size and Forecast, by Charging Method
9.3.7.2.3. Market Size and Forecast, by Installation
9.3.7.2.4. Market Size and Forecast, by Distribution Channel
9.3.7.2.5. Market Size and Forecast, by Vehicle Type
9.3.7.3. France
9.3.7.3.1. Market Size and Forecast, by Power Source
9.3.7.3.2. Market Size and Forecast, by Charging Method
9.3.7.3.3. Market Size and Forecast, by Installation
9.3.7.3.4. Market Size and Forecast, by Distribution Channel
9.3.7.3.5. Market Size and Forecast, by Vehicle Type
9.3.7.4. Netherlands
9.3.7.4.1. Market Size and Forecast, by Power Source
9.3.7.4.2. Market Size and Forecast, by Charging Method
9.3.7.4.3. Market Size and Forecast, by Installation
9.3.7.4.4. Market Size and Forecast, by Distribution Channel
9.3.7.4.5. Market Size and Forecast, by Vehicle Type
9.3.7.5. Norway
9.3.7.5.1. Market Size and Forecast, by Power Source
9.3.7.5.2. Market Size and Forecast, by Charging Method
9.3.7.5.3. Market Size and Forecast, by Installation
9.3.7.5.4. Market Size and Forecast, by Distribution Channel
9.3.7.5.5. Market Size and Forecast, by Vehicle Type
9.3.7.6. Rest of Europe
9.3.7.6.1. Market Size and Forecast, by Power Source
9.3.7.6.2. Market Size and Forecast, by Charging Method
9.3.7.6.3. Market Size and Forecast, by Installation
9.3.7.6.4. Market Size and Forecast, by Distribution Channel
9.3.7.6.5. Market Size and Forecast, by Vehicle Type
9.4. Asia-Pacific
9.4.1. Key Market Trends, Growth Factors, and Opportunities
9.4.2. Market Size and Forecast, by Power Source
9.4.3. Market Size and Forecast, by Charging Method
9.4.4. Market Size and Forecast, by Installation
9.4.5. Market Size and Forecast, by Distribution Channel
9.4.6. Market Size and Forecast, by Vehicle Type
9.4.7. Market Analysis, by Country
9.4.7.1. China
9.4.7.1.1. Market Size and Forecast, by Power Source
9.4.7.1.2. Market Size and Forecast, by Charging Method
9.4.7.1.3. Market Size and Forecast, by Installation
9.4.7.1.4. Market Size and Forecast, by Distribution Channel
9.4.7.1.5. Market Size and Forecast, by Vehicle Type
9.4.7.2. Japan
9.4.7.2.1. Market Size and Forecast, by Power Source
9.4.7.2.2. Market Size and Forecast, by Charging Method
9.4.7.2.3. Market Size and Forecast, by Installation
9.4.7.2.4. Market Size and Forecast, by Distribution Channel
9.4.7.2.5. Market Size and Forecast, by Vehicle Type
9.4.7.3. India
9.4.7.3.1. Market Size and Forecast, by Power Source
9.4.7.3.2. Market Size and Forecast, by Charging Method
9.4.7.3.3. Market Size and Forecast, by Installation
9.4.7.3.4. Market Size and Forecast, by Distribution Channel
9.4.7.3.5. Market Size and Forecast, by Vehicle Type
9.4.7.4. South Korea
9.4.7.4.1. Market Size and Forecast, by Power Source
9.4.7.4.2. Market Size and Forecast, by Charging Method
9.4.7.4.3. Market Size and Forecast, by Installation
9.4.7.4.4. Market Size and Forecast, by Distribution Channel
9.4.7.4.5. Market Size and Forecast, by Vehicle Type
9.4.7.5. Rest of Asia-Pacific
9.4.7.5.1. Market Size and Forecast, by Power Source
9.4.7.5.2. Market Size and Forecast, by Charging Method
9.4.7.5.3. Market Size and Forecast, by Installation
9.4.7.5.4. Market Size and Forecast, by Distribution Channel
9.4.7.5.5. Market Size and Forecast, by Vehicle Type
9.5. Lamea
9.5.1. Key Market Trends, Growth Factors, and Opportunities
9.5.2. Market Size and Forecast, by Power Source
9.5.3. Market Size and Forecast, by Charging Method
9.5.4. Market Size and Forecast, by Installation
9.5.5. Market Size and Forecast, by Distribution Channel
9.5.6. Market Size and Forecast, by Vehicle Type
9.5.7. Market Analysis, by Country
9.5.7.1. Latin America
9.5.7.1.1. Market Size and Forecast, by Power Source
9.5.7.1.2. Market Size and Forecast, by Charging Method
9.5.7.1.3. Market Size and Forecast, by Installation
9.5.7.1.4. Market Size and Forecast, by Distribution Channel
9.5.7.1.5. Market Size and Forecast, by Vehicle Type
9.5.7.2. Middle East
9.5.7.2.1. Market Size and Forecast, by Power Source
9.5.7.2.2. Market Size and Forecast, by Charging Method
9.5.7.2.3. Market Size and Forecast, by Installation
9.5.7.2.4. Market Size and Forecast, by Distribution Channel
9.5.7.2.5. Market Size and Forecast, by Vehicle Type
9.5.7.3. Africa
9.5.7.3.1. Market Size and Forecast, by Power Source
9.5.7.3.2. Market Size and Forecast, by Charging Method
9.5.7.3.3. Market Size and Forecast, by Installation
9.5.7.3.4. Market Size and Forecast, by Distribution Channel
9.5.7.3.5. Market Size and Forecast, by Vehicle Type

Chapter 10. Company Profiles
10.1. Bombardier
10.1.1. Company Overview
10.1.2. Company Snapshot
10.1.3. Operating Business Segments
10.1.4. Product Portfolio
10.1.5. Business Performance
10.2. Continental AG
10.2.1. Company Overview
10.2.2. Company Snapshot
10.2.3. Operating Business Segments
10.2.4. Product Portfolio
10.2.5. Business Performance
10.2.6. Key Strategic Moves and Developments
10.3. Evatran Group (Plugless)
10.3.1. Company Overview
10.3.2. Company Snapshot
10.3.3. Product Portfolio
10.4. Fulton Innovation
10.4.1. Company Overview
10.4.2. Company Snapshot
10.4.3. Operating Business Segments
10.5. Integrated Device Technology, Inc.
10.5.1. Company Overview
10.5.2. Company Snapshot
10.5.3. Operating Business Segments
10.5.4. Product Portfolio
10.5.5. Business Performance
10.5.6. Key Strategic Moves and Developments
10.6. Powermat Technologies Ltd.
10.6.1. Company Overview
10.6.2. Company Snapshot
10.6.3. Operating Business Segments
10.6.4. Key Strategic Moves and Developments
10.7. Qualcomm Technologies, Inc
10.7.1. Company Overview
10.7.2. Company Snapshot
10.7.3. Operating Business Segments
10.7.4. Product Portfolio
10.7.5. Business Performance
10.7.6. Key Strategic Moves and Developments
10.8. Robert Bosch GmbH
10.8.1. Company Overview
10.8.2. Company Snapshot
10.8.3. Operating Business Segments
10.8.4. Product Portfolio
10.8.5. Business Performance
10.8.6. Key Strategic Moves and Developments
10.9. Texas Instruments Inc.
10.9.1. Company Overview
10.9.2. Company Snapshot
10.9.3. Operating Business Segments
10.9.4. Product Portfolio
10.9.5. Business Performance
10.9.6. Key Strategic Moves and Developments
10.10. Toyota Motor Corporation
10.10.1. Company Overview
10.10.2. Company Snapshot
10.10.3. Operating Business Segments
10.10.4. Product Portfolio
10.10.5. Business Performance
10.11. Witricity Corporation
10.11.1. Company Overview
10.11.2. Company Snapshot
10.11.3. Operating Business Segments
10.11.4. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Continental AG
  • Elix Wireless
  • Powermat Technologies Ltd
  • Qualcomm Inc.
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • MORE
According to the report titled, 'Wireless EV charging market by Power Source, Installation, Distribution Channel, and Vehicle Type: Opportunity Analysis and Industry Forecast, 2020-2030', the global Wireless EV charging market was valued at $7.6million in 2019, and is projected to reach $701.4 million by 2030, registering a CAGR of 45.8% from 2020 to 2030.

At present, the U.S.dominates the market, followed by Canada and Mexico in North America. However, Mexico is expected to grow at a higher CAGR during the forecast period. In addition, in 2019, China led the market in the Asia-Pacific region followed by Japan, South Korea, India, and rest of Asia-Pacific countries.

Increase in sales of electric vehicles (EVs), constant advancements in portable electronics as well as wearables, and frequent need for harvesting ambient RF energy are expected to drive the growth of the global wireless electric vehicle charging market during the forecast period. However, expensive technology for its integration and slower charging as compared to other charging technologies hamper the wireless charging for electric vehicle market growth.

Crude oil, which is extracted and processed to form diesel and petrol, is the key source of ignition in vehicles. In the past few decades, oil prices have augmented at an alarming rate, making it difficult for low- and middle-class consumers to afford travel. Increase in oil prices have urged consumers to shift toward energy-efficient alternatives, which reduce the overall cost per km. This is anticipated to drive the demand for electric vehicles as compared to fuel-driven vehicles, thus, boosting the growth of the electric vehicle charging system market.

According to the French Ministry of Foreign Affairs and International Development, the U.S. dominates the market for electric vehicles, followed by Europe and Japan. In the first half of 2013, 18,939 electric vehicles were sold in Europe, as compared to 15,503 during the same period in 2012. In the same year, 30,000 electric vehicles were sold in the U.S. as compared to approximately 6,000 in Japan.

To overcome charging challenges such as demand charging and need for bigger batteries, the Dutch government announced to install 20,000 normal chargers and 100 quick chargers by 2015. Hence, increase in demand for electric vehicles in these regions is expected to boost the growth of the electric vehicle charging system market.

Further, the revenue generation of the electric vehicle charging system market is restricted owing to the higher price of electric vehicles, which in turn limits the total sales of electric vehicles. The electric vehicle charger manufacturing companies can associate with the governments of different countries to increase awareness about clean technology and thus, increase the popularity of electric vehicles in their countries. Moreover, companies can adopt various multichannel promotional activities such as social network and road shows, to cater to the growing demand for electric vehicles.

Key Findings Of The Study

By distribution channel, the aftermarket segment generated the highest revenue in2019.
By region, Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period while considering wireless EV charging market growth.
By vehicle type, the commercial EV dominated the global market in terms of revenue in 2019.
Latin America leads the market in the LAMEA region.

The key players profiled in the wireless EV charging market share include Continental AG, Robert Bosch GmbH, Qualcomm Inc., Toyota Motor Corporation, Powermat Technologies Ltd, Texas Instruments Inc., Witricity Corporation., Toshiba Corporation., Elix Wireless, and Evatran Group Inc. (plug less power).
Note: Product cover images may vary from those shown
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  • Continental AG
  • Robert Bosch GmbH
  • Qualcomm Inc.
  • Toyota Motor Corporation
  • Powermat Technologies Ltd
  • Texas Instruments Inc.
  • Witricity Corporation.
  • Toshiba Corporation.
  • Elix Wireless
  • Evatran Group Inc. (plug less power)
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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