Discover a detailed exploration of the Dynamic Wireless Electric Vehicle (EV) Charging Market by Data Bridge Market Research, thoughtfully presented with visual finesse to ensure seamless data absorption. Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.
This Dynamic Wireless Electric Vehicle (EV) Charging report firstly introduced basic information which includes definition, classification, application, Industry chain structure and Industry view. To ensure the quality of the report further, market dynamics, various projection, demographic changes, historic details and other have been included in this Dynamic Wireless Electric Vehicle (EV) Charging report. Analysts have studied the investments in research and development of products and technologies that are expected to give the players a definite boost.
Data Bridge Market Research analyses that the global dynamic wireless electric vehicle (EV) charging market which was USD 14,940.24 thousand in 2022, is expected to reach USD 3,36,549.07 thousand by 2030, growing at a CAGR of 47.6% during the forecast period of 2023 to 2030.
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Market Growth Drivers:
- Advantages of wireless charging over wired charging
Electronic vehicles are zero-emission, sustainable, and very efficient due to all these qualities their use is increasing globally. Electric vehicles can be charged through two methods, plug-in and wireless power transfer. In plug-in, the commercial charging station charges the battery of electric vehicle through a cord or plug. In the wireless charging method, the battery of an electric vehicle is charged through wireless power transfer, and is mostly preferred by the consumers as it is easy to use and efficient. The wireless charging system has various advantages over wired charging such as the elimination of carrying and storing charging cables.
- Increase in sales of electric vehicles (EVs)
There is an increased demand for electric vehicles among the consumers. According the report by IEA organization, 2022, EV vehicles globally accounted 6.7 million units in 2021, a 3.7 million units in 2020. Along with this battery electric vehicles (BEVs) are around two-thirds of new electric vehicle registrations in 2020. The increasing sales and demand of electric vehicles globally is increasing the demand of dynamic wireless electric vehicle (EV) charging during the forecast period of 2023 to 2030.
Notably, the report emphasizes the engagement of essential entities, including:
Qualcomm Technologies, Inc. (U.S.), WiTricity Corporation. (U.S.), Continental AG (Germany), Bombardier (Canada), WAVE, LLC. (U.S.), Fortum (Finland), Hyundai Motor Company (India), Electreon (Israel), OpConnect, Inc., (Portland), Franklin Electric EV Systems (Germany), Siemens (India), Rockwell Automation (U.S.), TECO Electric & Machinery Co.,Ltd. (Taiwan), HYOSUNG HEAVY INDUSTRIES. (South Korea), DENSO CORPORATION. (Japan), Wolong Electric Group (U.S.), WEG (Brazil), Johnson Electric Holdings Limited (Hong Kong)
Navigating Market Realities: Essential Points Uncovered
- Holistic Market Share Appraisals
- Comprehensive evaluation of market shares at both global and regional levels.
- Parent Market Potential & Growth in Niche Areas
- Insightful exploration of parent market potential and identification of niche segments poised for growth.
- Deciphering Order Management Software Market Trends
- In-depth analysis of global order management software trends, offering insights for strategic investments.
- Adapting to Evolving Industry Dynamics
- Navigate and adapt to the dynamic shifts within the industry landscape.
- Strategies of Key Players & Product Landscape
- Uncover the strategies employed by key players and explore their diverse product landscapes.
- Historical & Future Market Size Assessment
- Comprehensive evaluation of historical, current, and projected market sizes.
- Strategic Profiling: Key Player Insights
- Strategic profiling of key players, providing detailed insights into market positions and core competencies.
Key Market Segmentation
Power Supply (3 - < 11 KW, 11-50 KW, >50 KW), Vehicle (Commercial Vehicles, Passenger Cars), Application (Commercial Charging Station, Home Charging Unit), Components (Base Charging Pad, Power Control Unit, Vehicle Charging Pad, Transmitter, Receiver), Charging Type (Dynamic Wireless Charging System, Stationary Wireless Charging System), Distribution Channel (Aftermarket, Original Equipment Manufacturer), Propulsion Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Charging Electric Vehicles), Charging System (Inductive Power Transfer, Capacitive Power Transfer, Magnetic Power Transfer, Resonance Inductive Power Transfer
Intended Audience:
- Companies within the Dynamic Wireless Electric Vehicle (EV) Charging industry
- Investors and analysts keen on the Dynamic Wireless Electric Vehicle (EV) Charging market
- Individuals seeking insights into the dynamics of the Dynamic Wireless Electric Vehicle (EV) Charging market
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