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Global Wireless Charging for Electric Vehicle Market By Propulsion (BEV and PHEV), By Application (Home Charging and Public Charging), By Component, By Charging Type, By Vehicle Type, By Region, Forecast & Opportunities to 2026

The global wireless charging for electric vehicle market accounted for a value of USD 25 million in 2019 and is projected to register growth at a CAGR of 38.8% during forecast period.

COVID-19 has impacted the wireless charging for electric vehicle market. This pandemic has negatively impacted automotive industry. All the production and assembly activities were halted due to lockdown in many countries. The supply of raw material and finished products is immensely affected due to travel restriction and border closers. The sales of vehicles are immensely hit by the corona virus outbreak. The wireless charging for electric vehicle will foresee growth post COVID-19.

Definition:

Wireless charging for electric vehicle is also known as cordless charging or conductive charging. It is done by using an electromagnetic field in order to transfer energy between two points or two objects through electromagnetic induction. Wireless EV charging needs a charging station and sports car manufacturers are also adopting electric engines which requires electric charging station.

Market Dynamics (Drivers/Opportunities):

The demand for wireless electric vehicle charging market is increasing as the demand for electric vehicle is increasing across the world. The fossil fuel resources are depleting and the oil prices are also increasing which increases demand for alternative energy sources. This drives growth in wireless electric vehicle charging market during forecast period.

The global warming is increasing in the world and governments of various countries are implementing regulations to control emission in order to reduce air pollution and various policies are adopted which supports market for electric vehicles. This increases demand for electric vehicle which boost the wireless electric vehicle charging market. This drives growth in wireless electric vehicle charging market during forecast period.

Market Insights, by Charging Type

On the basis of charging type, the wireless electric vehicle charging market is segmented into dynamic wireless charging system and stationary wireless charging system. The stationary wireless charging segment is estimated to dominate the market during forecast period. This system is safe, reliable and convenient. This technology is interoperable and helps drivers in changing their vehicles with any wireless charging system. Vehicles can be charged in public places and parking spot wirelessly. This increases demand for stationary wireless charging system and drives growth in this segment during forecast period.

Market Insights, by Propulsion

On the basis of propulsion, the wireless electric vehicle charging market is segmented into BEV and PHEV. The BEV is estimated to hold largest market share during forecast period. The demand and adoption of battery electric vehicle is increasing in the world. Many automotive companies such as Nissan, Tesla and BMW are rapidly adopting wireless charging and offering wireless charging in BEV models such BMW i3 and Nissan Leaf etc. The stringent emission norms implemented by government to reduce emission leads to wide range adoption of battery electric vehicle. This drives growth in BEV segment during forecast period.

Regional Insights

Europe region is estimated to hold largest market size during forecast period. The well developed infrastructure is available in this region which can easily incorporate wireless charging infrastructure. This region has presence of leading players such as KGaA Hueck &Co. and Robert Bosch GmbH etc. which further increases market growth in this region. The adoption of electric vehicle is increasing in this region as the environmental awareness is increasing among consumers and government is also supporting electric vehicle segment. This increases demand for wireless electric vehicle charging market during forecast period.

Key Companies & Market Share Insights

The key market players in wireless electric vehicle charging industry are Witricity Corporation, Momentum Dynamics Corporation, Mojo Mobility, Elix Wireless Inc., Efacec, Continental AG, Robert Bosch GmbH, Tosiba Corporation, Toyota Motor Corporation, Bombardier Inc., Hella KGaA Hueck & Co., ZTE Corporation, HEVO Inc., Tgood Electric Co. and Evatran Group Inc.

Segments Covered in the Report

This report forecasts The Global Wireless Electric Vehicle Charging Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global wireless electric vehicle charging market report on the basis of charging type, vehicle type, component, application and propulsion.

Wireless Charging for Electric Vehicle Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Wireless Charging for Electric Vehicle Market, By Propulsion, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • BEV
  • PHEV
  1. Wireless Charging for Electric Vehicle Market, By Application , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Home/Commercial Charging Unit
  • Public Charging Unit
  1. Wireless Charging for Electric Vehicle Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passenger Car
  • Commercial Vehicle
  1. Wireless Charging for Electric Vehicle Market, By Component, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Base Charging pad
  • Power control Unit
  • Vehicle Charging Pad
  1. Wireless Charging for Electric Vehicle Market, By Charging Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Dynamic Wireless Charging System
  • Stationary Wireless Charging System
  1. Wireless Charging for Electric Vehicle Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Propulsion
    • By Application
    • By Vehicle Type
    • By Component
    • By Charging Type
    • By Country
      • USA
        • By Vehicle Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Propulsion
      • By Application
      • By Vehicle Type
      • By Component
      • By Charging Type
      • By Country
        • Brazil
          • By Vehicle Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Propulsion
        • By Application
        • By Vehicle Type
        • By Component
        • By Charging Type
        • By Country
          • UK
            • By Vehicle Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Propulsion
          • By Application
          • By Vehicle Type
          • By Component
          • By Charging Type
          • By Country
            • China
              • By Vehicle Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Propulsion
            • By Application
            • By Vehicle Type
            • By Component
            • By Charging Type
            • By Country
              • Saudi Arabia
                • By Vehicle Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Evatran Group Inc
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Witricity Corporation
    • Momentum Dynamics Corporation
    • Mojo Mobility
    • Elix Wireless Inc.
    • Efacec
    • Continental AG
    • Robert Bosch GmbH
    • Tosiba Corporation
    • Toyota Motor Corporation
    • Bombardier Inc.
    • Hella KGaA Hueck & Co.
    • ZTE Corporation
    • HEVO Inc.
    • Tgood Electric Co.
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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