Wireless Electric Vehicle Charging Market Report and Forecast 2025-2034

The global wireless electric vehicle charging market stood at a value of around USD 23.92 Million in 2024. The market is further expected to grow at a CAGR of 36.40% in the forecast period of 2025-2034 to attain a value of USD 533.22 Million by 2034.

Increasing Preference for Resonant Inductive Power Transfer Method to Account for a Considerable Market Share of the Global Wireless Electric Vehicle Charging Industry

Based on charging method, the resonant inductive power transfer segment is predicted to hold a considerable market share in the wireless electric vehicle charging industry. This growth can be attributed to the increased implementation of resonant inductive power transfer mechanism owing to its high-quality transfer of power at a high rate through the use of resonance. In addition, the power can be transferred over a long distance through this mechanism, which is expected to further aid the segment growth.

The Asia-Pacific to Occupy a Significant Market Share in the Global Wireless Electric Vehicle Charging Industry

The Asia-Pacific is estimated to hold a significant share of the wireless electric vehicle charging industry in the forecast period. This growth can be attributed to the heightened demand for electric vehicles in the region, especially in China, as a consequence of increasing pollution levels. In addition, the steadily increasing global population and the rising disposable incomes are also predicted to propel the market growth. Furthermore, the development of environment-oriented policies put forth to mitigate the carbon emissions in the region is also estimated to aid the market growth.

Wireless Electric Vehicle Charging: Market Segmentation

Wireless electric vehicle charging is an emerging phenomenon, wherein individuals can charge their EVs without the need of wired cables. Wireless charging allows for automatic charging that can be done by parking the car on a commercial charging spot, which can also be home installed. In addition, the increasing technological advancements are leading to the development of on-the-go charging systems. The major advantages of this technology include reduced infrastructure costs, high speed charging, low maintenance costs, and no electromagnetic emissions, among others.

By power source, the market is divided into:

• 3≤11 KW
• 11-50 KW
• >50 KW

On the basis of charging method, the market can be segmented into:

• Capacitive Wireless Power Transfer
• Magnetic Gear Wireless Power Transfer
• Resonant Inductive Power Transfer
• Inductive Power Transfer

Based on installation, the industry can be bifurcated into:

• Home
• Commercial

On the basis of distribution channel, the market can be distributed into:

• OEMs
• Aftermarket

Based on vehicle type, the market can be categorised into:

• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Commercial EV

The regional markets for the product include:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Increased Pollution Worldwide to Drive the Global Wireless Electric Vehicle Charging Industry

According to the World Bank, pollution is the number one cause of disease and premature death, with 9 million deaths yearly caused as a direct result of air, water, and land pollution. As a result, governments are strategising policies to mitigate pollution levels and global carbon emissions in order to counter the issues of global warming. This is leading to innovations such as the development of electric vehicles that utilise sustainable and renewable energy such as electricity, which serves as an alternative to the usage of conventional crude oil and fuels. This is estimated to spearhead the demand for electric vehicles worldwide. Moreover, the rapid investments in the R&D of electric vehicle charging mechanisms and the development of wireless charging outlets are also predicted to observe an increased demand in the coming years. Furthermore, the rapid technological advancements are also expected to aid the industry growth. These factors are estimated to positively impact the market growth in the forecast period.

Key Industry Players in the Global Wireless Electric Vehicle Charging Market

The report gives a detailed analysis of the following key players in the global wireless electric vehicle charging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Bombardier Inc.
• Continental AG
• Plugless Power Inc
• Fulton Innovation LLC
• Qualcomm Technologies, Inc.
• Others

The comprehensive report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.