Global Electric Vehicle Wireless Charger Market Synopsis:

The Global Electric Vehicle Wireless Charger Market size is expected to grow from USD 15 million in 2022 to USD 2391.01 million by 2030, at a CAGR of 88.5% during the forecast period (2023-2030).

Electric Vehicle Wireless Chargers (EVWC) represent a ground-breaking technology developed to recharge electric vehicles (EVs) without physical cords or sockets. This system utilizes electromagnetic fields to transmit energy from a charging pad on the ground to a receiver pad installed on the vehicle, offering a convenient and effective charging solution.

• EV wireless chargers have wide-ranging applications, encompassing residential, commercial, and public settings. They are especially advantageous in urban areas, where effortless and seamless charging can significantly encourage the widespread adoption of EVs. Moreover, these chargers greatly benefit transportation fleets, reducing downtime by enabling continuous charging without manual intervention.
• The benefits of EV wireless chargers are manifold. They provide unparalleled user convenience, eliminating the hassle of dealing with cumbersome cables, thereby making charging more accessible to all users. Additionally, they contribute to a cleaner and safer environment by reducing reliance on conventional fossil fuels. EVWCs also play a role in extending the lifespan of EV batteries through consistent and controlled charging.
• The global market for EV wireless chargers has witnessed substantial growth owing to escalating environmental concerns and the rapid increase in EV adoption. Key industry players such as WiTricity, HEVO Power, and Momentum Dynamics are actively involved in enhancing efficiency, charging speeds, and compatibility across various EV models.

Global Electric Vehicle Wireless Charger Market Trend Analysis:

Rapid Development In The Wireless Charging Technology

• The rapid evolution of wireless charging technology acts as a key driver propelling the worldwide Electric Vehicle Wireless Charger (EVWC) market. Breakthroughs in wireless charging have significantly improved the convenience and efficiency of charging electric vehicles, fostering market growth.
• Enhanced efficiency in wirelessly transferring power has resulted in quicker charging rates, reducing the overall time required to charge electric vehicles. Additionally, advancements in resonance-based charging and magnetic induction have increased the flexibility and range of wireless charging, allowing for more significant spatial tolerance between the charging pads and vehicles. This progress has notably improved feasibility and ease of use, addressing a primary concern of consumers regarding EV charging.
• Continuous advancements and ongoing developments further support this trend. Ongoing research aims to refine wireless charging systems, with a focus on optimizing power transfer efficiency and ensuring compatibility across various EV models. Furthermore, collaborations between automotive manufacturers and technology firms actively explore and implement wireless charging solutions, showcasing the industry's dedication to advancing this technology.
• These advancements highlight the significance of wireless charging technology as a primary catalyst driving the expansion of the global Electric Vehicle Wireless Charger market. They promise a future of increasingly convenient and accessible electric vehicle charging infrastructure.

Supportive Government Policies Coupled With Rise In The Number Of Start-Ups

• Supportive governmental policies and the escalating number of start-ups serve as significant opportunities propelling the growth of the Global Electric Vehicle Wireless Charger (EVWC) market. Worldwide government initiatives, including financial incentives, tax rebates, and subsidies, aim to stimulate electric vehicle adoption and the development of associated charging infrastructure. These policies establish an environment conducive to the widespread use of EVWCs, fostering market expansion.
• The rise in start-ups specializing in electric vehicle technology, particularly in wireless charging, injects innovation and competition into the market. These nimble and inventive companies often pioneer ground-breaking solutions, propelling advancements in EVWC technology. They bring fresh perspectives, driving rapid development and introducing cost-effective and efficient wireless charging systems.
• Several countries have set ambitious targets to electrify transportation and mitigate carbon emissions. For example, the European Union's CO2 reduction goals have prompted robust incentives for electric vehicle adoption, consequently boosting the demand for associated charging infrastructure, including wireless chargers. Additionally, the proliferation of start-ups focused on electric vehicle technology, including wireless charging, has been observed globally, further highlighting the opportunities available in this market segment.

Global Electric Vehicle Wireless Charger Market Segment Analysis:

By Application, Commercial segment held the majority share, approximately 63%, of the global EV wireless charger market revenue

• Commercial sectors, including transportation and logistics companies, are rapidly electrifying their vehicle fleets. The need for efficient, convenient, and rapid charging solutions for these fleets boosts the demand for wireless chargers, as they reduce downtime and streamline operations.
• Commercial spaces such as parking lots, airports, shopping malls, and office complexes are increasingly integrating EV charging stations into their infrastructure. Wireless chargers offer added convenience, making them an attractive option for these public spaces, thus driving their market share in commercial applications.
• Commercial sectors are often early adopters of new technologies, seeking innovative solutions to improve efficiency and reduce operational costs. Wireless charging aligns with this trend, attracting commercial entities looking for advanced, user-friendly charging options.

By Charging Type, Stationary Wireless Charging Systems (SWCS) Segment Dominates the market over the forecast period

• SWCS offers unparalleled convenience by enabling EV owners to charge their vehicles without physically plugging them in. This ease of use aligns with the consumer preference for hassle-free charging experiences, driving the popularity of stationary wireless systems.
• SWCS ensures efficient and safe charging processes. By eliminating the need for physical connections, it reduces wear and tear on charging ports and cables, enhancing overall system reliability. Additionally, these systems are equipped with safety mechanisms, such as automatic shut-off features, minimizing potential hazards.
• Infrastructure deployment favors stationary systems due to their compatibility with fixed locations. Various commercial and public spaces, including parking lots, garages, and designated charging areas, are incorporating SWCS, bolstering their market dominance as the primary charging solution in these settings.
• Governmental initiatives promoting EV adoption and infrastructure development often focus on stationary charging systems, providing incentives and funding for their installation in public areas, fostering their market dominance.

Global Electric Vehicle Wireless Charger Market Regional Insights:

Asia Pacific holds a significant share during the forecast period

• The Asia-Pacific region is renowned for its robust technological innovation and manufacturing prowess. Here, numerous companies specialize in EV technology, including solutions for wireless charging. Continuous research and development endeavors in countries like China, Japan, and South Korea have propelled the evolution and implementation of state-of-the-art wireless charging technologies, establishing dominance in the market.
• Vigorous competition among regional companies has nurtured innovation and price competitiveness in the EV wireless charging sector. This competition drives progress and ensures a wide array of offerings tailored to diverse consumer requirements.
• The Asia-Pacific region serves as a primary manufacturing hub for electric vehicles and their components. This clustering of manufacturing facilities bolsters the region's dominance, facilitating the seamless integration of wireless charging systems into new EV models and streamlining production processes.
• Governments and private entities across the Asia-Pacific region actively invest in developing charging infrastructure. The rapid growth of charging networks, encompassing wireless charging stations, has significantly contributed to the region's leadership in the EV wireless charger market.

Global Electric Vehicle Wireless Charger Market Top Key Players:

• WiTricity Corporation (U.S.)
• Plugless Power Inc. (U.S.)
• Tesla, Inc. (U.S.)
• Evatran, LLC (U.S.)
• HEVO, Inc. (U.S.)
• InductEV Inc. (U.S.)
• Mojo Mobility Inc. (U.S.)
• WAVE, Inc. (U.S.)
• FLO Services USA Inc. (U.S.)
• ELIX Wireless (Canada)
• Siemens (Germany)
• Webasto Group (Germany)
• Continental AG (Germany)
• Delaxchaux Group (France)
• Kempower Oyj (Finland)
• Electreon, Inc. (Israel)
• DAIHEN Corporation (Japan)
• Nissan Motor Co. Ltd. (Japan)
• Toyota Motor Corporation (Japan)
• Continental AG (Japan), and Other Major Players

Key Industry Developments in the Global Electric Vehicle Wireless Charger Market:

In March 2023, ABT e-Line, a technology driver and one of the leading companies in aftermarket automotive solutions, and WiTricity, the leader in wireless electric vehicle charging, announced plans to deliver aftermarket wireless EV charging in Europe. With extensive experience working with the Volkswagen Group (VW), ABT e-Line will initially upgrade the VW ID.4 to support wireless charging from WiTricity, with availability targeted for early 2024. The company plans to expand to additional EV models thereafter.

In March 2023, Ballingen has launched Germany’s first public project for electric vehicle wireless charging. The project involves laying an Electric Road System (ERS) and static charging stations along a functioning bus route with stops. The first phase will be 400 metres long and have two charging stations. The second extends this to 1000 metres. Electreon, leading provider of wireless and in-road electric vehicle chargers, will provide static and dynamic wireless charging infrastructure for the project.

In September 2023, FLO, a prominent North American EV charging company, is spearheading advancements in EV charging experiences through collaborations with industry leaders WiTricity and Hubject. They aim to enhance the charging process by exploring wireless charging and Plug & Charge technology. FLO is partnering with WiTricity to test wireless EV charging in their advanced engineering lab, striving to offer cable-free vehicle charging using WiTricity's Halo® EV charging system. This initiative highlights FLO's dedication to providing top-notch charging experiences and underscores the significance of their collaborations in shaping the future of EV charging technology.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. ELECTRIC VEHICLE WIRELESS CHARGER MARKET BY POWER SUPPLY RANGE (2016-2030)
   1. ELECTRIC VEHICLE WIRELESS CHARGER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. 3-<11
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. 11-50
   5. >50 KW
7. ELECTRIC VEHICLE WIRELESS CHARGER MARKET BY APPLICATION (2016-2030)
   1. ELECTRIC VEHICLE WIRELESS CHARGER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. RESIDENTIAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. COMMERCIAL
8. ELECTRIC VEHICLE WIRELESS CHARGER MARKET BY CHARGING TYPE (2016-2030)
   1. ELECTRIC VEHICLE WIRELESS CHARGER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. DYNAMIC WIRELESS CHARGING SYSTEM
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. STATIONARY WIRELESS CHARGING SYSTEM
9. ELECTRIC VEHICLE WIRELESS CHARGER MARKET BY CHARGING SYSTEM (2016-2030)
   1. ELECTRIC VEHICLE WIRELESS CHARGER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. MAGNETIC POWER TRANSFER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CAPACITIVE POWER TRANSFER
   5. INDUCTIVE POWER TRANSFER
10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Positioning
       2. ELECTRIC VEHICLE WIRELESS CHARGER Market Share By Manufacturer (2022)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. WITRICITY CORPORATION (U.S.)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. PLUGLESS POWER INC. (U.S.)
    4. TESLA, INC. (U.S.)
    5. EVATRAN, LLC (U.S.)
    6. HEVO, INC. (U.S.)
    7. INDUCTEV INC. (U.S.)
    8. MOJO MOBILITY INC. (U.S.)
    9. WAVE, INC. (U.S.)
    10. FLO SERVICES USA INC. (U.S.)
    11. ELIX WIRELESS (CANADA)
    12. SIEMENS (GERMANY)
    13. WEBASTO GROUP (GERMANY)
    14. CONTINENTAL AG (GERMANY)
    15. DELAXCHAUX GROUP (FRANCE)
    16. KEMPOWER OYJ (FINLAND)
    17. ELECTREON, INC. (ISRAEL)
    18. DAIHEN CORPORATION (JAPAN)
    19. NISSAN MOTOR CO. LTD. (JAPAN)
    20. TOYOTA MOTOR CORPORATION (JAPAN)
    21. CONTINENTAL AG (JAPAN)
11. GLOBAL ELECTRIC VEHICLE WIRELESS CHARGER MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Power Supply Range
       4. Historic And Forecasted Market Size By Application
       5. Historic And Forecasted Market Size By Charging Type
       6. Historic And Forecasted Market Size By Charging System
       7. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies