Global Wireless EV Charging Market 2018-2020 & 2025: Lucrative Opportunities as the Market is Set to Grow at a CAGR of 117.56%

12/18/2018, 3:56 PM (Source: GlobeNewswire)

Dublin, Dec. 18, 2018 (GLOBE NEWSWIRE) -- The "Wireless EV Charging Market by Charging Station (Home, Commercial), Charging (Stationary, Dynamic), Propulsion (BEV, PHEV), Power Supply (3-<11 KW, 11-50 KW, & >50 KW), Vehicle, Component, Installation, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The wireless EV charging market is projected to grow at a CAGR of 117.56% during the forecast period, from USD 8 million in 2020 to USD 407 million by 2025.

The rising demand for BEVs and PHEVs is fueling the overall growth of the wireless EV charging market. The wireless EV charging system manufacturers are increasing R&D investments, which are coupled with the growing number of partnerships and joint ventures between major OEMs and domestic players. These strategies have created growth opportunities for the wireless EV charging system worldwide.

However, the high cost of upgrading to wireless charging technology may restrain the growth of the wireless EV charging market. The transmission range of a wireless charger through electromagnetic induction and/or magnetic resonance is limited to a certain distance. This limitation of range poses a serious challenge for manufacturers, especially in the case of LCVs and SUVs with high ground clearance.

The >50 KW segment is expected to grow at a significant rate during the forecast period.

The >50 kW segment of the wireless EV charging market, by value, is projected to grow at the highest CAGR during the forecast period. Various incentives are provided for the development of commercial electric vehicles. Moreover, the focus of the >50 kW segment is on dynamic charging, which is a new and upcoming technology and has not yet commercialized. Thus, the development is likely to fuel the >50 kW segment in the wireless EV charging market.

The Home Charging Station segment is estimated to be the fastest growing wireless EV charging market.

The rising demand for BEVs and PHEVs is fueling the overall growth of the wireless EV charging market. Growing environmental concerns, rising fossil fuel prices, long-term supply concerns, and improved technology are acting as the key drivers accelerating the growth of the BEV and PHEV technology. Many OEMs are offering BEVs and PHEVs equipped with wireless power transfer technology. For instance, the new Toyota Prius, a PHEV by Toyota, is equipped with a new wireless charging system developed by WiTricity Corporation. Thus, increasing the overall growth of the home charging stations.

Asia Pacific is estimated to be the fastest growing region in the wireless EV charging market during the forecast period.

Asia Pacific is the fastest growing wireless EV charging market globally. Technological advancements have led major OEMs to incorporate advanced and convenience features such as wireless charging system in their EVs. Due to the availability of cheap labor and favorable government policies, the mass production of electric vehicles is also possible, resulting in a lower price of such systems in the near future. The implementation of new technologies, the establishment of additional manufacturing plants, and the creation of value-added supply chains between manufacturers and material providers have made the Asia Pacific region a market with immense growth potential.

Major players profiled in the report are:

  • Qualcomm (US)
  • WiTricity (US)
  • ELIX Wireless (Canada)
  • Continental (Germany)
  • HEVO Power (US)
  • Toyota (Japan)
  • ChargePoint (US)
  • Evatran Group (US)
  • Bosch (Germany)
  • HELLA (Germany)


Key Topics Covered:

1 Introduction
1.1 Objectives
1.2 Market Definition
1.3 Market Scope
1.4 Currency & Pricing
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
2.6 Data Triangulation
2.7 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Wireless EV Charging Market
4.2 Wireless EV Charging Market, By Region
4.3 Wireless EV Charging Market, By Power Supply Range
4.4 Wireless EV Charging Market, By Propulsion Type
4.5 Wireless EV Charging Market, By Charging Type
4.6 Wireless EV Charging Market, By Installation
4.7 Wireless EV Charging Market, By Charging Station

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Safety and Convenience
5.2.1.2 Growing Fast-Charging Infrastructure for EVs
5.2.1.3 Increase in Miles Driven By EVs
5.2.2 Restraints
5.2.2.1 High Cost of Upgrading to Wireless Charging Technology
5.2.3 Opportunities
5.2.3.1 Rise in Demand for Semi-Autonomous and Autonomous Vehicles
5.2.3.2 Development of Wireless Charging Systems for Commercial EVs
5.2.4 Challenges
5.2.4.1 Minimizing Loss of Efficiency and Fast Charging
5.2.4.2 High Level of Safety
5.2.4.3 Long Routes for Dynamic Charging
5.2.5 Impact of Market Dynamics
5.3 Porters Five Forces Analysis
5.3.1 Competitive Rivalry
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Threat of New Entrants
5.4 Market Scenario Analysis

6 Industry Trends
6.1 Technological Overview
6.1.1 Wireless Charging System Technology
6.1.2 Inductive Coupling
6.1.3 Magnetic Resonance Coupling
6.1.4 Magneto Dynamic Coupling
6.2 Electric Taxi
6.3 Robo-Taxi
6.3.1 List of Companies Collaborating to Develop Robo-Taxi
6.4 Light Electric Vehicle
6.5 Battery Swapping
6.6 Electric Autonomous Vehicles
6.7 Electric Vehicle Government Regulations
6.7.1 Canada
6.7.1.1 Subsidies and Tax Rebates
6.7.2 China
6.7.2.1 Existing Charging Station Standards in China
6.7.2.2 Subsidies and Tax Rebates
6.7.3 Denmark
6.7.3.1 Subsidies and Tax Rebates
6.7.4 France
6.7.4.1 Subsidies and Tax Rebates
6.8 Upcoming Electric Commercial Vehicles

7 Wireless EV Charging Market, By Installation Type
7.1 Introduction
7.2 Aftermarket
7.2.1 Low Cost for Retrofitting Wireless EV Charging Systems in Vehicles Will Drive the Market
7.3 OE Market
7.3.1 Technological Advancement in the Electrification of Vehicles Will Contribute to the Rising Demand for Wireless EV Charging

8 Wireless EV Charging Market, By Propulsion Type
8.1 Introduction
8.2 Battery Electric Vehicle (BEV)
8.2.1 Increasing Sales of BEV Will Boost the Demand for Wireless EV Charging
8.3 Plug-In Hybrid Electric Vehicle (PHEV)
8.3.1 Rising Popularity of Luxury PHEVs is Likely to Drive the Market

9 Wireless EV Charging Market, By Charging Station Type
9.1 Introduction
9.2 Commercial Charging Stations
9.2.1 Increasing Popularity of Wireless Charging Technology for Commercial Vehicles Will Boost the Demand
9.3 Home Charging Stations
9.3.1 Rising Demand for Private Vehicles is Likely to Drive the Demand for this Market

10 Wireless EV Charging Market, By Component
10.1 Introduction
10.2 Base Charging Pad
10.2.1 Increased Demand for EVs Will Propel the Overall Growth of the Market
10.3 Power Control Unit
10.3.1 Increased Focus on the Development of Wireless EV Charging Infrastructure
10.4 Vehicle Charging Pad
10.4.1 Home Charging Stations is Likely to Drive the Demand for Wireless EV Charging Market

11 Wireless EV Charging Market, By Power Supply Range
11.1 Introduction
11.2 3-<11 kW
11.2.1 Growing Demand for Home Charging Stations Will Impact the Market Positively
11.3 11-50 kW
11.3.1 Increasing Focus on the Luxury EVs Will Propel the Market Growth
11.4 >50 kW
11.4.1 Development of Wireless EV Charging Infrastructure for Commercial Vehicles is Boosting the Demand for Wireless EV Charging Market

12 Wireless EV Charging Market, By Charging Type
12.1 Introduction
12.2 Dynamic Wireless Charging System
12.2.1 High Focus on Commercial EVs Will Propel the Overall Growth
12.3 Stationary Wireless Charging System
12.3.1 Increasing Sales of EVs is Likely to Drive the Market

13 Wireless EV Charging Market, By Vehicle Type
13.1 Introduction
13.2 Passenger Cars (PC)
13.3 Electric Commercial Vehicle (ECV)
13.4 Electric Two Wheeler

14 Wireless EV Charging Market, By Region
14.1 Introduction
14.2 Asia Pacific
14.2.1 China
14.2.1.1 Advancement in the EV Technology Will Boost the Market
14.2.2 India
14.2.2.1 Government Policies Will Impact the Market Positively
14.2.3 Japan
14.2.3.1 Development of Advanced EV Technology Will Fuel the Market
14.2.4 South Korea
14.2.4.1 Huge Investments in R&D to Propel the Market
14.2.5 Rest of Asia Pacific
14.2.5.1 Increasing Focus on Low Emission Vehicles Will Drive the Market
14.3 Europe
14.3.1 France
14.3.1.1 High Demand for Luxury PHEVs Will Drive the Market
14.3.2 Germany
14.3.2.1 Large Penetration of Wireless EV Charging Manufacturers and Suppliers is Driving the Market
14.3.3 Italy
14.3.3.1 Government Incentives are Driving the Market
14.3.4 The Netherlands
14.3.4.1 Huge Investments in EV Technology is the Key Factor in the Overall Growth
14.3.5 Russia
14.3.5.1 Increasing Focus on EV Technology is Driving the Demand
14.3.6 Norway
14.3.6.1 Increasing EV Sales in the Country Will Boost the Market
14.3.7 UK
14.3.7.1 Rising Demand for PHEVs Will Fuel the Growth of Wireless EV Charging System
14.3.8 Spain
14.3.8.1 Increasing Focus on Low Emission Vehicles is Driving the Demand
14.3.9 Rest of Europe
14.3.9.1 Stringent Norms to Curb Emissions Will Increase the Overall Demand
14.4 North America
14.4.1 Canada
14.4.1.1 Developments in EV Infrastructure Will Propel the Growth
14.4.2 Mexico
14.4.2.1 Rising Awareness for Low Emission Vehicles Will Drive the Market
14.4.3 Us
14.4.3.1 Availability of Wireless EV Charging System Manufacturers and Increased EV Sales Will Boost the Market
14.5 Rest of the World (RoW)
14.5.1 Brazil
14.5.1.1 Reduced Battery Prices May Impact the Market Positively
14.5.2 South Africa
14.5.2.1 Growing Adoption of EV Technology Will Impact the Market

15 Competitive Landscape
15.1 Overview
15.2 Market Ranking Analysis
15.3 Competitive Scenario
15.3.1 New Product Developments
15.3.2 Collaborations/Joint Ventures/Supply Contracts/Partnerships/Agreements
15.3.3 Expansions, 2015-2017
15.4 Competitive Leadership Mapping
15.4.1 Visionary Leaders
15.4.2 Innovators
15.4.3 Dynamic Differentiators
15.4.4 Emerging Companies

16 Company Profiles
16.1 Continental AG
16.2 Robert Bosch GmbH
16.3 Qualcomm, Inc.
16.4 Toyota Motor Corporation
16.5 Bombardier Inc.
16.6 Witricity Corporation
16.7 Hella KGaA Hueck & Co.
16.8 Evatran Group Inc.
16.9 Toshiba Corporation
16.10 ZTE Corporation
16.11 Elix Wireless
16.12 Hevo Power
16.13 Key Players From Other Regions
16.13.1 North America
16.13.1.1 Addenergie
16.13.1.2 Blink Charging
16.13.1.3 Chargepoint
16.13.1.4 Clippercreek
16.13.1.5 Evgo
16.13.1.6 Leviton Manufacturing Co., Inc.
16.13.1.7 Semaconnect
16.13.2 Europe
16.13.2.1 ABB
16.13.2.2 Alfen
16.13.2.3 Allego
16.13.2.4 Siemens
16.13.2.5 Efacec
16.13.2.6 Ionity
16.13.2.7 Schneider Electric
16.13.3 Asia Pacific
16.13.3.1 Samsung SDI
16.13.3.2 Tgood
16.13.3.3 Mitsubishi Electric
16.13.3.4 Automotive Energy Supply Corporation
16.13.4 Rest of the World (RoW)
16.13.4.1 Tritium

For more information about this report visit https://www.researchandmarkets.com/research/4df3z6/global_wireless?w=12

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