Wireless Electric Vehicle Charging Systems Market to Revolutionize EV Infrastructure from 2025–2032
Inductive power transfer technology is used in wireless EV charging systems to transfer electricity over the air from a pad implanted in the ground to a pad connected to the underbelly of an EV to charge its battery. These pads are either situated in commercial infrastructure and private garage parking places to charge one car at a time, or along a stretch of road to charge numerous vehicles while they are moving. Wireless EV charging systems have various advantages over plug-in EV charging systems, including ease of use, convenience, and convenience. These charging solutions assist to avoid the plug-in issues that are common with wired EV charging systems. Furthermore, these solutions can assist minimise car battery sizes and range anxiety concerns.
Wireless Electric Vehicle (EV) Charging Systems Market size was valued at USD 0.5 billion in 2023 and is poised to grow from USD 0.73 billion in 2024 to USD 14.43 billion by 2032, growing at a CAGR of 45.3% during the forecast period (2025-2032).
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Wireless EV charging systems are a promising technology with a high commercialisation potential. The approach has been tested by major automobile manufacturers all around the world. The exorbitant cost of these systems, however, is a major hindrance to industrial progress. Wireless charging raises the price of electric vehicles by around USD 3,000 to USD 4,000, resulting in a very high total cost of ownership. As a result, customers have expressed little to no interest in wireless EV charging solutions. Companies in this market scrambled to raise capital to develop and expand their product offerings, but investors refused since the value proposition of wireless EV charging systems did not appeal to buyers.
Wireless Electric Vehicle (EV) Charging Systems Market Segments Analysis:
Wireless Electric Vehicle (EV) Charging Systems Market is segmented by Propulsion Type, Charging Type, Component, Vehicle Type, Charging Method, Application and region.
Based on Propulsion Type, the market is segmented into Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV) and Commercial EV.
Based on Charging Type, the market is segmented into Dynamic Wireless Charging System and Stationary Wireless Charging System.
Based on Component, the market is segmented into Base Charging Pad, Power Control Unit, Vehicle Charging Pad and Battery Management Systems.
Based on Vehicle Type, the market is segmented into Passenger Vehicles, Passenger Cars, Commercial Vehicle, Light Commercial Vehicles, Heavy Commercial Vehicles, Others and Electric Two-wheelers.
Based on Charging Method, 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).
Based on Application, the market is segmented into Commercial Charging Stations and Home Charging Unit.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Wireless Electric Vehicle (EV) Charging Systems Market Key Players:
WiTricity (US)
Qualcomm (US)
Momentum Dynamics (US)
HEVO Power (US)
Wireless Advanced Vehicle Electrification (WAVE) (US)
Electreon Wireless (Israel)
IPT Technology (Germany)
Robert Bosch GmbH (Germany)
Continental AG (Germany)
ZF Friedrichshafen AG (Germany)
Toyota Motor Corporation (Japan)
Denso Corporation (Japan)
WiPower (China)
Shenzhen Auto-charging Technology Co., Ltd. (China)
ConvenientPower (China)
Plug Power (US)
Blink Charging (US)
ChargePoint (US)
Evatran (US)
InductEV (US)
Wireless Electric Vehicle Charging Systems Market Recent Developments:
In October 2022, Wireless charging to pull the plug on charging stations, finds IDTechEx.
In October 2022, Lumen Freedom launched Aussie-developed wireless electric taxi charger trial in UK last week of an Australian-developed wireless EV charging system with electricity delivered to a vehicle over the air (OTA).
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https://www.skyquestt.com/report/flow-battery-market https://pando.life/article/972916
Looking ahead, the Wireless Electric Vehicle (EV) Charging Systems Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The Wireless Electric Vehicle (EV) Charging Systems Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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