Wireless Power Transfer for Electric Vehicles (EV) Charging Global Market Report 2025

The wireless power transfer for electric vehicles (EV) charging market size has grown exponentially in recent years. It will grow from $0.92 billion in 2024 to $1.2 billion in 2025 at a compound annual growth rate (CAGR) of 30%. The growth in the historic period can be attributed to rising adoption of electric vehicles, increasing fuel prices, growing investments in charging infrastructure, increasing demand for convenient charging solutions, expanding urbanization, and heightened focus on smart city initiatives.

The wireless power transfer for electric vehicles (EV) charging market size is expected to see exponential growth in the next few years. It will grow to $3.39 billion in 2029 at a compound annual growth rate (CAGR) of 29.7%. The growth in the forecast period can be attributed to increasing demand for contactless charging solutions, rising government support for clean mobility, growing adoption of autonomous vehicles, increasing consumer awareness of wireless charging benefits, and heightened safety concerns. Key trends in the forecast period include technological advancements in wireless power transfer, innovations in charging technologies, developments in energy storage systems, progress in power electronics, and advancements in vehicle-to-grid integration.

The increasing adoption of electric vehicles (EVs) is expected to drive the growth of the wireless power transfer for electric vehicle (EV) charging market in the coming years. Electric vehicles are automobiles powered entirely or partially by electricity, providing a cleaner alternative to traditional internal combustion engines. Their adoption is rising due to growing environmental awareness, as consumers seek to reduce greenhouse gas emissions and combat climate change. Wireless power transfer for EV charging enhances convenience, efficiency, and safety by enabling cable-free, automatic energy transfer directly to the vehicle. For instance, in February 2024, according to the U.S. Department of Energy, a US-based federal agency, monthly EV sales over the past three years show significant year-over-year growth, with peak monthly sales reaching approximately 100,000 in 2023, an increase of 25 percent compared to 2022. Therefore, the increasing adoption of electric vehicles (EVs) is driving the growth of the wireless power transfer for electric vehicle (EV) charging market.

Key companies operating in the wireless power transfer for electric vehicle (EV) charging market are focusing on innovations such as inductive wireless charging systems to provide convenient, cable-free, and efficient EV charging experiences. An inductive wireless charging system transfers electrical energy from a charging pad to an electric vehicle using magnetic fields, eliminating the need for physical cables. For instance, in September 2025, Dr. Ing. h.c. F. Porsche AG, a Germany-based automobile manufacturer, launched the Porsche Cayenne Electric featuring an 11-kW wireless charging system. The vehicle uses an 11-kW inductive charging floor plate, allowing drivers to charge simply by parking over it, with automatic activation upon engaging the parking brake. The system delivers up to 90 percent energy transfer efficiency, includes motion and foreign object detection for enhanced safety, integrates with the My Porsche app for monitoring and scheduling, and employs ultra-wideband technology and Surround View to ensure precise vehicle alignment.

In October 2023, PULS GmbH, a Germany-based technology company, acquired Wiferion GmbH for an undisclosed amount. Through this acquisition, PULS GmbH aims to integrate Wiferion’s advanced wireless charging technology into its portfolio to scale innovative industrial charging solutions globally. Wiferion GmbH is a Germany-based company that provides wireless power transfer systems for charging electric vehicles.

Major players in the wireless power transfer for electric vehicles (EV) charging market are Toyota Motor Corporation, Siemens Aktiengesellschaft, Continental Aktiengesellschaft, Dr. Ing. h.c. F. Porsche Aktiengesellschaft, Qualcomm Incorporated, Toshiba Corporation, Zhongxing Telecommunication Equipment Corporation, DAIHEN Corporation, Mahle Gesellschaft mit beschränkter Haftung, Zhejiang VIE Science & Technology Co. Ltd., ChargePoint Inc., GuRu Wireless Inc., Mojo Mobility Inc., HEVO Inc., Momentum Dynamics Corporation, WiTricity Corporation, Powermat Technologies Ltd., Electreon Wireless Ltd., ENRX Group, InductEV Inc.

North America was the largest region in the wireless power transfer for electric vehicles (EV) charging market in 2024. Asia-pacific is expected to be the fastest-growing region in the forecast period. The regions covered in wireless power transfer for electric vehicles (EV) charging report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

The wireless power transfer for electric vehicles (EV) charging market research report is one of a series of new reports that provides wireless power transfer for electric vehicles (EV) charging market statistics, including wireless power transfer for electric vehicles (EV) charging industry global market size, regional shares, competitors with a wireless power transfer for electric vehicles (EV) charging market share, detailed wireless power transfer for electric vehicles (EV) charging market segments, market trends and opportunities, and any further data you may need to thrive in the wireless power transfer for electric vehicles (EV) charging industry. This wireless power transfer for electric vehicles (EV) charging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wireless power transfer for electric vehicle (EV) charging is a technology that enables EVs to be charged without physical cables by transmitting electrical energy through electromagnetic fields. This approach provides convenient, contactless charging, enhancing user experience while minimizing wear and tear on connectors.

The key technologies of wireless power transfer for EV charging include inductive charging, resonant inductive charging, capacitive charging, and other methods. Inductive charging uses magnetic fields to transfer electrical energy from a charging pad to an EV, allowing cable-free and convenient charging. It is offered in low-power, medium-power, and high-power ranges. These technologies are applied across private vehicles, public transport, commercial vehicles, and other applications, serving a wide range of end users including private owners, public operators, and fleet managers.

The countries covered in the wireless power transfer for electric vehicles (EV) charging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The wireless power transfer for electric vehicles (EV) charging market consists of revenues earned by entities by providing services such as maintenance and repair services, charging network management services, consulting and system integration, pay-per-use charging services, and fleet charging solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The wireless power transfer for electric vehicles (ev) charging market also includes sales of onboard vehicle power receivers, charging pad covers and protective enclosures, power converters and inverters, embedded roadway coils and communication modules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.